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Pain Therapeutics Inc  (NAS:PTIE) E10: $-0.43 (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.

Pain Therapeutics Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $-0.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.43 for the trailing ten years ended in Sep. 2017.

As of today, Pain Therapeutics Inc's current stock price is $3.85. Pain Therapeutics Inc's E10 for the quarter that ended in Sep. 2017 was $-0.43. Pain Therapeutics Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Pain Therapeutics Inc was 451.00. The lowest was 0.00. And the median was 59.13.


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.

Pain Therapeutics Inc 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 -1.96 -0.71 0.09 0.52 0.14

Pain Therapeutics Inc 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 0.06 0.14 -0.17 -0.32 -0.43

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, Pain Therapeutics Inc'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)
=-0.4/246.819*246.819
=-0.400

Current CPI (Sep. 2017) = 246.819.

Pain Therapeutics Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.140 210.036 0.165
200803 0.420 213.528 0.485
200806 -0.140 218.815 -0.158
200809 2.450 218.783 2.764
200812 -0.280 210.228 -0.329
200903 -0.280 212.709 -0.325
200906 0.000 215.693 0.000
200909 -0.210 215.969 -0.240
200912 0.000 215.949 0.000
201003 -0.140 217.631 -0.159
201006 -0.140 217.965 -0.159
201009 -0.140 218.439 -0.158
201012 -1.470 219.179 -1.655
201103 0.000 223.467 0.000
201106 -0.210 225.722 -0.230
201109 -0.140 226.889 -0.152
201112 -0.070 225.672 -0.077
201203 0.000 229.392 0.000
201206 0.000 229.478 0.000
201209 -0.210 231.407 -0.224
201212 -0.280 229.601 -0.301
201303 -0.070 232.773 -0.074
201306 -0.070 233.504 -0.074
201309 -0.140 234.149 -0.148
201312 5.110 233.049 5.412
201403 -0.560 236.293 -0.585
201406 -0.490 238.343 -0.507
201409 -0.560 238.031 -0.581
201412 -0.280 234.812 -0.294
201503 -0.420 236.119 -0.439
201506 -0.490 238.638 -0.507
201509 -0.560 237.945 -0.581
201512 -0.700 236.525 -0.730
201603 -0.910 238.132 -0.943
201606 -0.460 241.018 -0.471
201609 -0.540 241.428 -0.552
201612 -0.420 241.432 -0.429
201703 -0.420 243.801 -0.425
201706 -0.640 244.955 -0.645
201709 -0.400 246.819 -0.400

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.

Pain Therapeutics Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.85/-0.43
=

* 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 Pain Therapeutics Inc was 451.00. The lowest was 0.00. And the median was 59.13.


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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