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Stoneridge Inc  (NYSE:SRI) E10: $0.01 (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.

Stoneridge Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.01 for the trailing ten years ended in Sep. 2017.

As of today, Stoneridge Inc's current stock price is $25.48. Stoneridge Inc's E10 for the quarter that ended in Sep. 2017 was $0.01. Stoneridge Inc's Shiller PE Ratio of today is 2,548.00.

During the past 13 years, the highest Shiller PE Ratio of Stoneridge Inc was 2635.00. The lowest was 6.64. And the median was 21.02.


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.

Stoneridge 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 -0.57 -0.64 -0.31 -0.24 -0.03

Stoneridge 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 -0.20 -0.03 -0.02 0.00 0.01

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, Stoneridge 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)
=0.28/246.819*246.819
=0.280

Current CPI (Sep. 2017) = 246.819.

Stoneridge Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.280 210.036 0.329
200803 0.280 213.528 0.324
200806 0.200 218.815 0.226
200809 -0.020 218.783 -0.023
200812 -4.640 210.228 -5.448
200903 -0.490 212.709 -0.569
200906 -0.840 215.693 -0.961
200909 -0.040 215.969 -0.046
200912 0.000 215.949 0.000
201003 0.080 217.631 0.091
201006 0.160 217.965 0.181
201009 0.050 218.439 0.056
201012 0.180 219.179 0.203
201103 0.120 223.467 0.133
201106 0.140 225.722 0.153
201109 0.180 226.889 0.196
201112 1.560 225.672 1.706
201203 0.220 229.392 0.237
201206 -0.130 229.478 -0.140
201209 0.020 231.407 0.021
201212 0.100 229.601 0.107
201303 0.150 232.773 0.159
201306 0.210 233.504 0.222
201309 0.190 234.149 0.200
201312 0.010 233.049 0.011
201403 0.050 236.293 0.052
201406 -0.810 238.343 -0.839
201409 0.000 238.031 0.000
201412 -0.990 234.812 -1.041
201503 0.080 236.119 0.084
201506 0.250 238.638 0.259
201509 0.260 237.945 0.270
201512 0.210 236.525 0.219
201603 0.260 238.132 0.269
201606 0.410 241.018 0.420
201609 0.360 241.428 0.368
201612 1.710 241.432 1.748
201703 0.320 243.801 0.324
201706 0.320 244.955 0.322
201709 0.280 246.819 0.280

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.

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

Shiller PE Ratio=Share Price/E10
=25.48/0.01
=2,548.00

* 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 Stoneridge Inc was 2635.00. The lowest was 6.64. And the median was 21.02.


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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