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Ingevity (STU:IGX) E10 : €2.36 (As of Jun. 2024)


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What is Ingevity 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.

Ingevity's adjusted earnings per share data for the three months ended in Jun. 2024 was €-7.255. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.36 for the trailing ten years ended in Jun. 2024.

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.

As of today (2024-09-22), Ingevity's current stock price is €36.74. Ingevity's E10 for the quarter that ended in Jun. 2024 was €2.36. Ingevity's Shiller PE Ratio of today is 15.57.

During the past 12 years, the highest Shiller PE Ratio of Ingevity was 18.55. The lowest was 9.53. And the median was 13.45.


Ingevity E10 Historical Data

The historical data trend for Ingevity'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.

Ingevity E10 Chart

Ingevity 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 - - - - 3.19

Ingevity Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - 3.78 3.19 3.16 2.36

Competitive Comparison of Ingevity's E10

For the Specialty Chemicals subindustry, Ingevity'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.


Ingevity's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ingevity's Shiller PE Ratio distribution charts can be found below:

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



Ingevity 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, Ingevity's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-7.255/132.5538*132.5538
=-7.255

Current CPI (Jun. 2024) = 132.5538.

Ingevity Quarterly Data

per share eps CPI Adj_EPS
201409 0.719 100.428 0.949
201412 0.520 99.070 0.696
201503 0.505 99.621 0.672
201506 0.549 100.684 0.723
201509 0.496 100.392 0.655
201512 0.161 99.792 0.214
201603 0.197 100.470 0.260
201606 0.507 101.688 0.661
201609 -0.151 101.861 -0.196
201612 0.209 101.863 0.272
201703 0.421 102.862 0.543
201706 0.676 103.349 0.867
201709 0.663 104.136 0.844
201712 0.820 104.011 1.045
201803 0.584 105.290 0.735
201806 0.942 106.317 1.174
201809 0.994 106.507 1.237
201812 0.870 105.998 1.088
201903 0.478 107.251 0.591
201906 1.186 108.070 1.455
201909 1.280 108.329 1.566
201912 0.945 108.420 1.155
202003 0.977 108.902 1.189
202006 0.435 108.767 0.530
202009 1.435 109.815 1.732
202012 1.011 109.897 1.219
202103 1.008 111.754 1.196
202106 0.913 114.631 1.056
202109 -0.094 115.734 -0.108
202112 0.655 117.630 0.738
202203 1.407 121.301 1.538
202206 1.457 125.017 1.545
202209 2.000 125.227 2.117
202212 0.387 125.222 0.410
202303 1.261 127.348 1.313
202306 0.895 128.729 0.922
202309 0.647 129.860 0.660
202312 -2.962 129.419 -3.034
202403 -1.417 131.776 -1.425
202406 -7.255 132.554 -7.255

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


Ingevity  (STU:IGX) 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.

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

Shiller PE Ratio=Share Price/E10
=36.74/2.36
=15.57

* 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 12 years, the highest Shiller P/E Ratio of Ingevity was 18.55. The lowest was 9.53. And the median was 13.45.


Be Aware

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


Ingevity E10 Related Terms

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


Ingevity Business Description

Traded in Other Exchanges
Address
4920 O'Hear Avenue, Suite 400, North Charleston, SC, USA, 29405
Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.

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