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PartnerRe Ltd  (NYSE:PRE) E10: $0.00 (As of Sep. 2017)

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.

PartnerRe Ltd's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Sep. 2017.

As of today, PartnerRe Ltd's current stock price is $140.52. PartnerRe Ltd's E10 for the quarter that ended in Sep. 2017 was $0.00. PartnerRe Ltd's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of PartnerRe Ltd was 17.03. The lowest was 6.54. And the median was 11.10.


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.

PartnerRe Ltd Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.10 9.31 10.16 10.54 0.00

PartnerRe Ltd Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.00 0.00 0.00 0.00 0.00

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.


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.

For example, PartnerRe Ltd's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0/246.819*246.819
=0.000

Current CPI (Sep. 2017) = 246.819.

PartnerRe Ltd Quarterly Data

per share eps CPI Adj_EPS
200712 3.040 210.036 3.572
200803 2.160 213.528 2.497
200806 -0.640 218.815 -0.722
200809 -3.010 218.783 -3.396
200812 1.428 210.228 1.677
200903 2.320 212.709 2.692
200906 8.100 215.693 9.269
200909 9.440 215.969 10.788
200912 4.235 215.949 4.840
201003 0.850 217.631 0.964
201006 2.310 217.965 2.616
201009 6.760 218.439 7.638
201012 0.650 219.179 0.732
201103 -11.990 223.467 -13.243
201106 1.690 225.722 1.848
201109 2.430 226.889 2.643
201112 -0.494 225.672 -0.540
201203 5.240 229.392 5.638
201206 2.500 229.478 2.689
201209 7.530 231.407 8.032
201212 1.560 229.601 1.677
201303 3.530 232.773 3.743
201306 -3.370 233.504 -3.562
201309 5.840 234.149 6.156
201312 4.758 233.049 5.039
201403 5.610 236.293 5.860
201406 5.020 238.343 5.199
201409 3.600 238.031 3.733
201412 5.254 234.812 5.523
201503 4.760 236.119 4.976
201506 -2.160 238.638 -2.234
201509 -5.080 237.945 -5.269
201512 3.300 236.525 3.444
201603 0.000 238.132 0.000
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000

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

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

Shiller PE Ratio=Share Price/E10
=140.52/0.00
=

* 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 PartnerRe Ltd was 17.03. The lowest was 6.54. And the median was 11.10.


Be Aware

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


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