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Tiffany (Tiffany) E10 : $3.60 (As of Oct. 2020)


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What is Tiffany 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.

Tiffany's adjusted earnings per share data for the three months ended in Oct. 2020 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.60 for the trailing ten years ended in Oct. 2020.

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 (2024-04-27), Tiffany's current stock price is $131.46. Tiffany's E10 for the quarter that ended in Oct. 2020 was $3.60. Tiffany's Shiller PE Ratio of today is 36.52.

During the past 13 years, the highest Shiller PE Ratio of Tiffany was 43.12. The lowest was 19.38. And the median was 30.53.


Tiffany E10 Historical Data

The historical data trend for Tiffany'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.

Tiffany E10 Chart

Tiffany Annual Data
Trend Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 2.98 3.07 3.39 3.67

Tiffany Quarterly Data
Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20
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 3.63 3.67 3.54 3.54 3.60

Competitive Comparison of Tiffany's E10

For the Luxury Goods subindustry, Tiffany'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.


Tiffany's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tiffany's Shiller PE Ratio distribution charts can be found below:

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



Tiffany 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, Tiffany's adjusted earnings per share data for the three months ended in Oct. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2020 (Change)*Current CPI (Oct. 2020)
=0.98/109.8605*109.8605
=0.980

Current CPI (Oct. 2020) = 109.8605.

Tiffany Quarterly Data

per share eps CPI Adj_EPS
201101 1.410 92.914 1.667
201104 0.630 94.890 0.729
201107 0.690 95.319 0.795
201110 0.700 95.529 0.805
201201 1.390 95.632 1.597
201204 0.640 97.075 0.724
201207 0.720 96.661 0.818
201210 0.490 97.595 0.552
201301 1.400 97.158 1.583
201304 0.650 98.107 0.728
201307 0.830 98.557 0.925
201310 0.730 98.536 0.814
201401 -0.810 98.692 -0.902
201404 0.970 100.023 1.065
201407 0.960 100.520 1.049
201410 0.290 100.176 0.318
201501 1.510 98.604 1.682
201504 0.810 99.824 0.891
201507 0.810 100.691 0.884
201510 0.700 100.346 0.766
201601 1.280 99.957 1.407
201604 0.690 100.947 0.751
201607 0.840 101.524 0.909
201610 0.760 101.988 0.819
201701 1.260 102.456 1.351
201704 0.740 103.167 0.788
201707 0.920 103.278 0.979
201710 0.800 104.070 0.845
201801 0.500 104.578 0.525
201804 1.140 105.708 1.185
201807 1.170 106.324 1.209
201810 0.770 106.695 0.793
201901 1.670 106.200 1.728
201904 1.030 107.818 1.050
201907 1.120 108.250 1.137
201910 0.650 108.577 0.658
202001 1.660 108.841 1.676
202004 -0.530 108.173 -0.538
202007 0.260 109.318 0.261
202010 0.980 109.861 0.980

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


Tiffany  (NYSE:TIF) 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.

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

Shiller PE Ratio=Share Price/E10
=131.46/3.6
=36.52

* 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 Tiffany was 43.12. The lowest was 19.38. And the median was 30.53.


Be Aware

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


Tiffany E10 Related Terms

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


Tiffany (Tiffany) Business Description

Traded in Other Exchanges
N/A
Address
200 Fifth Avenue, New York, NY, USA, 10010
Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally. Tiffany is present in over 20 countries globally, with over 300 own stores. Its biggest market is its home market, the U.S.; however, Europe and Asia-Pacific have shown the strongest growth in recent years. Engagement jewellery contributes 26% of sales, the remainder being designer jewellery and other collections.
Executives
Alessandro Bogliolo director, officer: Chief Executive Officer 727 FIFTH AVENUE, NEW YORK NY 10022
Gretchen Koback-pursel officer: Senior Vice President 200 FIFTH AVENUE NEW YORK NY 10010
Andrea Davey officer: Senior Vice President 200 FIFTH AVENUE NEW YORK NY 10010
Philippe Galtie officer: Senior Vice President 200 FIFTH AVENUE NEW YORK NY 10010
Leigh M. Harlan officer: SENIOR VICE PRESIDENT 200 FIFTH AVENUE NEW YORK NY 10010
Mark J Erceg officer: Principal Financial Officer 248 E. SKYLINE DRIVE, WASHINGTON UT 84780
Andrew W. Hart officer: SENIOR VICE PRESIDENT TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022
Daniella Vitale officer: Executive Vice President 200 FIFTH AVENUE NEW YORK NY 10010
Francesco Trapani director 727 FIFTH AVENUE NEW YORK NY 10022
Abby F Kohnstamm director C/O TIFFANY & CO., CORP. SECRETARY'S DEPT., 600 MADISON AV, NEW YORK NY 10022
Hafize Gaye Erkan director 727 FIFTH AVENUE, NEW YORK NY 10022
Hudis Jane Hertzmark director C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Lawrence K Fish director ONE CITIZENS PLAZA, PROVIDENCE RI 02903
William A Shutzer director C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
Pamela H Cloud officer: Senior Vice President TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022

Tiffany (Tiffany) Headlines

From GuruFocus

Tiffany & Co. Announces Commencement of Consent Solicitations

By Business Wire Business Wire 12-08-2020

Tiffany Declares Regular Quarterly Dividend

By Business Wire Business Wire 08-21-2020

Tiffany (TIF) CEO Alessandro Bogliolo Sold $17.4 million of Shares

By GuruFocus Research GuruFocus Editor 12-01-2020