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Safety Insurance Group (NAS:SAFT) E10

: $5.42 (As of Sep. 2023)
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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.

Safety Insurance Group's adjusted earnings per share data for the three months ended in Sep. 2023 was $0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.42 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Safety Insurance Group's average E10 Growth Rate was -1.60% per year. During the past 3 years, the average E10 Growth Rate was 13.70% per year. During the past 5 years, the average E10 Growth Rate was 12.00% per year. During the past 10 years, the average E10 Growth Rate was 1.50% 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 Safety Insurance Group was 15.70% per year. The lowest was -11.50% per year. And the median was -3.40% per year.

As of today (2024-02-29), Safety Insurance Group's current stock price is $82.17. Safety Insurance Group's E10 for the quarter that ended in Sep. 2023 was $5.42. Safety Insurance Group's Shiller PE Ratio of today is 15.16.

During the past 13 years, the highest Shiller PE Ratio of Safety Insurance Group was 28.70. The lowest was 10.41. And the median was 16.08.


Safety Insurance Group E10 Historical Data

The historical data trend for Safety Insurance Group'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.

Safety Insurance Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.50 3.81 4.33 5.42 5.60

Safety Insurance Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 5.51 5.60 5.49 5.51 5.42

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance Group'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.


Safety Insurance Group Shiller PE Ratio Distribution

For the Insurance industry and Financial Services sector, Safety Insurance Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Safety Insurance Group's Shiller PE Ratio falls into.



Safety Insurance Group 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, Safety Insurance Group's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.13/129.8595*129.8595
=0.130

Current CPI (Sep. 2023) = 129.8595.

Safety Insurance Group Quarterly Data

per share eps CPI Adj_EPS
201312 0.760 98.326 1.004
201403 0.790 99.695 1.029
201406 1.400 100.560 1.808
201409 1.030 100.428 1.332
201412 0.690 99.070 0.904
201503 -2.370 99.621 -3.089
201506 -0.070 100.684 -0.090
201509 0.800 100.392 1.035
201512 0.690 99.792 0.898
201603 0.840 100.470 1.086
201606 1.410 101.688 1.801
201609 1.230 101.861 1.568
201612 0.790 101.863 1.007
201703 0.790 102.862 0.997
201706 1.390 103.349 1.747
201709 1.180 104.136 1.471
201712 0.720 104.011 0.899
201803 0.600 105.290 0.740
201806 1.750 106.317 2.138
201809 1.880 106.507 2.292
201812 1.190 105.998 1.458
201903 1.950 107.251 2.361
201906 1.680 108.070 2.019
201909 1.010 108.329 1.211
201912 1.820 108.420 2.180
202003 -0.130 108.902 -0.155
202006 2.780 108.767 3.319
202009 2.960 109.815 3.500
202012 3.550 109.897 4.195
202103 2.420 111.754 2.812
202106 2.490 114.631 2.821
202109 1.640 115.734 1.840
202112 2.140 117.630 2.362
202203 0.530 121.301 0.567
202206 0.530 125.017 0.551
202209 0.420 125.227 0.436
202212 1.670 125.222 1.732
202303 -0.840 127.348 -0.857
202306 1.150 128.729 1.160
202309 0.130 129.860 0.130

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


Safety Insurance Group  (NAS:SAFT) 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.

Safety Insurance Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=82.17/5.42
=15.16

* 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 Safety Insurance Group was 28.70. The lowest was 10.41. And the median was 16.08.


Be Aware

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


Safety Insurance Group E10 Related Terms

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


Safety Insurance Group (NAS:SAFT) Business Description

Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Glenn Hiltpold officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Brophy Charles Joseph Iii director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Dennis J. Langwell director C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116
Srb Corp 10 percent owner 695 ATLANTIC AVENUE, BOSTON MA 02111
Peter J Manning director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Christopher Thomas Whitford officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga officer: VP - MIS 20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry officer: VP - Insurance Operations C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Frederic H Lindeberg director C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
David E Krupa officer: VP - Property Claims
David D Mckown director