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PulteGroup E10

: $2.42 (As of Sep. 2020)
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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PulteGroup's adjusted earnings per share data for the three months ended in Sep. 2020 was $1.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.42 for the trailing ten years ended in Sep. 2020.

As of today (2020-11-28), PulteGroup's current stock price is $44.36. PulteGroup's E10 for the quarter that ended in Sep. 2020 was $2.42. PulteGroup's Shiller PE Ratio of today is 18.33.

During the past 13 years, the highest Shiller PE Ratio of PulteGroup was 136.17. The lowest was 10.40. And the median was 26.84.


PulteGroup E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

PulteGroup Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.15 -1.32 -0.14 0.89 1.76

PulteGroup Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 1.76 1.82 1.95 2.42

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


PulteGroup E10 Distribution

* The bar in red indicates where PulteGroup's E10 falls into.



PulteGroup E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, PulteGroup's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=1.54/109.8149*109.8149
=1.540

Current CPI (Sep. 2020) = 109.8149.

PulteGroup Quarterly Data

per share eps CPI Adj_EPS
201012 -0.440 92.914 -0.520
201103 -0.100 94.890 -0.116
201106 -0.150 95.319 -0.173
201109 -0.340 95.529 -0.391
201112 0.040 95.632 0.046
201203 -0.030 97.075 -0.034
201206 0.110 96.661 0.125
201209 0.300 97.595 0.338
201212 0.150 97.158 0.170
201303 0.210 98.107 0.235
201306 0.090 98.557 0.100
201309 5.870 98.536 6.542
201312 0.570 98.692 0.634
201403 0.190 100.023 0.209
201406 0.110 100.520 0.120
201409 0.370 100.176 0.406
201412 0.580 98.604 0.646
201503 0.150 99.824 0.165
201506 0.280 100.691 0.305
201509 0.300 100.346 0.328
201512 0.640 99.957 0.703
201603 0.240 100.947 0.261
201606 0.340 101.524 0.368
201609 0.370 101.988 0.398
201612 0.830 102.456 0.890
201703 0.280 103.167 0.298
201706 0.320 103.278 0.340
201709 0.580 104.070 0.612
201712 0.260 104.578 0.273
201803 0.590 105.708 0.613
201806 1.120 106.324 1.157
201809 1.010 106.695 1.040
201812 0.840 106.200 0.869
201903 0.590 107.818 0.601
201906 0.860 108.250 0.872
201909 0.990 108.577 1.001
201912 1.220 108.841 1.231
202003 0.740 108.173 0.751
202006 1.290 109.318 1.296
202009 1.540 109.815 1.540

Add all the adjusted EPS together and divide 10 will get our e10.


PulteGroup  (NYSE:PHM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PulteGroup's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=44.36/2.42
=18.33

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of PulteGroup was 136.17. The lowest was 10.40. And the median was 26.84.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


PulteGroup E10 Related Terms


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