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RB Global (RB Global) E10 : $1.45 (As of Mar. 2024)


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What is RB Global E10?

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.

RB Global's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, RB Global's average E10 Growth Rate was 7.10% per year. During the past 3 years, the average E10 Growth Rate was 13.60% per year. During the past 5 years, the average E10 Growth Rate was 13.50% per year. During the past 10 years, the average E10 Growth Rate was 8.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of RB Global was 17.00% per year. The lowest was 4.00% per year. And the median was 7.65% per year.

As of today (2024-05-15), RB Global's current stock price is $76.37. RB Global's E10 for the quarter that ended in Mar. 2024 was $1.45. RB Global's Shiller PE Ratio of today is 52.67.

During the past 13 years, the highest Shiller PE Ratio of RB Global was 77.41. The lowest was 24.23. And the median was 42.43.


RB Global E10 Historical Data

The historical data trend for RB Global's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RB Global E10 Chart

RB Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 1.03 1.18 1.38 1.45

RB Global Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial 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 1.36 1.41 1.40 1.45 1.45

Competitive Comparison of RB Global's E10

For the Specialty Business Services subindustry, RB Global's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


RB Global's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, RB Global's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where RB Global's Shiller PE Ratio falls into.



RB Global 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, RB Global's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.53/129.4194*129.4194
=0.530

Current CPI (Mar. 2024) = 129.4194.

RB Global Quarterly Data

per share eps CPI Adj_EPS
201406 0.360 100.560 0.463
201409 0.090 100.428 0.116
201412 0.270 99.070 0.353
201503 0.220 99.621 0.286
201506 0.420 100.684 0.540
201509 0.190 100.392 0.245
201512 0.430 99.792 0.558
201603 0.270 100.470 0.348
201606 0.370 101.688 0.471
201609 -0.050 101.861 -0.064
201612 0.250 101.863 0.318
201703 0.100 102.862 0.126
201706 0.160 103.349 0.200
201709 0.090 104.136 0.112
201712 0.340 104.011 0.423
201803 0.160 105.290 0.197
201806 0.420 106.317 0.511
201809 0.210 106.507 0.255
201812 0.320 105.998 0.391
201903 0.170 107.251 0.205
201906 0.490 108.070 0.587
201909 0.230 108.329 0.275
201912 0.470 108.420 0.561
202003 0.210 108.902 0.250
202006 0.490 108.767 0.583
202009 0.410 109.815 0.483
202012 0.440 109.897 0.518
202103 0.250 111.754 0.290
202106 0.550 114.631 0.621
202109 0.290 115.734 0.324
202112 0.270 117.630 0.297
202203 1.600 121.301 1.707
202206 0.480 125.017 0.497
202209 0.380 125.227 0.393
202212 0.400 125.222 0.413
202303 -0.280 127.348 -0.285
202306 0.420 128.729 0.422
202309 0.300 129.860 0.299
202312 0.410 129.419 0.410
202403 0.530 129.419 0.530

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


RB Global  (NYSE:RBA) 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.

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

Shiller PE Ratio=Share Price/E10
=76.37/1.45
=52.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of RB Global was 77.41. The lowest was 24.23. And the median was 42.43.


Be Aware

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


RB Global E10 Related Terms

Thank you for viewing the detailed overview of RB Global's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


RB Global (RB Global) Business Description

Traded in Other Exchanges
Address
Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154
RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Executives
Darren Jeffrey Watt officer: Gen. Counsel & Corp. Secretary C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James J Jeter officer: President, Sales U.S. C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Ann Fandozzi director, officer: CEO C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James Francis Kessler officer: Chief Operating Officer C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Timothy J. O'day director TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154
Baron Concors officer: Chief Information Officer C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6
Andrew John Fesler officer: Chief People Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Megan Anne Cash officer: Principal Fin. & Acctg Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Erik Olsson director C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Michael D Sieger director C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Adam Dewitt director 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603
Sarah E. Raiss director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Carol Stephenson director 300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000
Robert George Elton director C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Lisa Hook director NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166