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Seaboard (AMEX:SEB) E10

: $305.44 (As of Dec. 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.

Seaboard's adjusted earnings per share data for the three months ended in Dec. 2023 was $62.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $305.44 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Seaboard's average E10 Growth Rate was 2.30% per year. During the past 3 years, the average E10 Growth Rate was 9.90% per year. During the past 5 years, the average E10 Growth Rate was 8.30% per year. During the past 10 years, the average E10 Growth Rate was 4.20% 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 Seaboard was 45.20% per year. The lowest was 0.30% per year. And the median was 9.00% per year.

As of today (2024-02-24), Seaboard's current stock price is $3371.86. Seaboard's E10 for the quarter that ended in Dec. 2023 was $305.44. Seaboard's Shiller PE Ratio of today is 11.04.

During the past 13 years, the highest Shiller PE Ratio of Seaboard was 21.69. The lowest was 11.04. And the median was 15.30.


Seaboard E10 Historical Data

The historical data trend for Seaboard'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.

Seaboard Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 230.59 230.37 261.69 298.59 305.44

Seaboard Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 298.59 296.06 299.43 309.50 305.44

Competitive Comparison

For the Conglomerates subindustry, Seaboard'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.


Seaboard Shiller PE Ratio Distribution

For the Conglomerates industry and Industrials sector, Seaboard's Shiller PE Ratio distribution charts can be found below:

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



Seaboard 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, Seaboard's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=62.65/129.4194*129.4194
=62.650

Current CPI (Dec. 2023) = 129.4194.

Seaboard Quarterly Data

per share eps CPI Adj_EPS
201403 40.550 99.695 52.640
201406 79.280 100.560 102.033
201409 89.830 100.428 115.762
201412 101.530 99.070 132.633
201503 28.110 99.621 36.518
201506 27.040 100.684 34.757
201509 2.590 100.392 3.339
201512 87.993 99.792 114.117
201603 45.910 100.470 59.138
201606 68.340 101.688 86.977
201609 64.420 101.861 81.849
201612 87.830 101.863 111.590
201703 71.840 102.862 90.388
201706 50.510 103.349 63.251
201709 69.280 104.136 86.101
201712 19.380 104.011 24.114
201803 26.750 105.290 32.880
201806 6.280 106.317 7.645
201809 29.930 106.507 36.369
201812 -60.724 105.998 -74.142
201903 48.790 107.251 58.875
201906 50.130 108.070 60.034
201909 -6.000 108.329 -7.168
201912 153.650 108.420 183.410
202003 -88.730 108.902 -105.447
202006 -23.510 108.767 -27.974
202009 132.580 109.815 156.249
202012 223.126 109.897 262.763
202103 154.030 111.754 178.377
202106 151.560 114.631 171.112
202109 81.500 115.734 91.137
202112 103.270 117.630 113.621
202203 89.280 121.301 95.255
202206 92.530 125.017 95.789
202209 125.780 125.227 129.991
202212 192.110 125.222 198.550
202303 -13.780 127.348 -14.004
202306 44.800 128.729 45.040
202309 108.550 129.860 108.182
202312 62.650 129.419 62.650

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


Seaboard  (AMEX:SEB) 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.

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

Shiller PE Ratio=Share Price/E10
=3371.86/305.44
=11.04

* 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 Seaboard was 21.69. The lowest was 11.04. And the median was 15.30.


Be Aware

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


Seaboard E10 Related Terms

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


Seaboard (AMEX:SEB) Business Description

Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a diversified group of companies that operate in agricultural and ocean transport businesses. The company is engaged in hog production and pork processing in the United States; commodity trading and grain processing in Africa and South America; cargo shipping services in the U.S., Caribbean and Central and South America; sugar and alcohol production in Argentina; and electric power generation in the Dominican Republic. It also has an equity method investment in Butterball, LLC, a producer and processor of turkey products. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. It operates in 45 countries, with a concentration in the U.S. and countries in Central and South America and Africa.
Executives
Cerezo Baena Laura P officer: Assistant Secretary 9000 W 67TH STREET, SHAWNEE MISSION KS 66202
Barbara M Smith officer: Interim Controller and PAO 9000 W 67TH STREET, MERRIAM KS 66202
Frances B Shifman director 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra officer: Assistant Treasurer 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
James T Hubler officer: Assoc. Gen Counsel & Asst. Sec 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Benjamin R Hodes officer: Vice President, Finance 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Elizabeth A Loudon officer: Vice President, Tax 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
John B Warner officer: Vice President-Human Resources 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Adriana N Hoskins officer: Vice President and Treasurer 9000 WEST 67TH STREET, MERRIAM KS 66202
Peter B Brown officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Jacob A. Bresky officer: Vice Pres-Business Development 9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Ellen S. Bresky director, 10 percent owner 9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Douglas W Baena director
Darwin E Sand officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr officer: VP-Information Technology 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202