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Tel Instrument Electronics Corp  (AMEX:TIK) E10: $-0.33 (As of Jun. 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.

Tel Instrument Electronics Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $-0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.33 for the trailing ten years ended in Jun. 2017.

As of today, Tel Instrument Electronics Corp's current stock price is $2.55. Tel Instrument Electronics Corp's E10 for the quarter that ended in Jun. 2017 was $-0.33. Tel Instrument Electronics Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Tel Instrument Electronics Corp was 308.33. The lowest was 0.00. And the median was 60.56.


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.

Tel Instrument Electronics Corp Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 -0.24 -0.24 -0.20 -0.32

Tel Instrument Electronics Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.18 -0.17 -0.16 -0.32 -0.33

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, Tel Instrument Electronics Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=-0.12/244.955*244.955
=-0.120

Current CPI (Jun. 2017) = 244.955.

Tel Instrument Electronics Corp Quarterly Data

per share eps CPI Adj_EPS
200709 -0.010 208.490 -0.012
200712 -0.020 210.036 -0.023
200803 -0.190 213.528 -0.218
200806 0.017 218.815 0.019
200809 0.160 218.783 0.179
200812 0.010 210.228 0.012
200903 -0.100 212.709 -0.115
200906 -0.160 215.693 -0.182
200909 -0.070 215.969 -0.079
200912 -0.220 215.949 -0.250
201003 -0.100 217.631 -0.113
201006 -0.110 217.965 -0.124
201009 -0.030 218.439 -0.034
201012 0.010 219.179 0.011
201103 0.080 223.467 0.088
201106 -0.030 225.722 -0.033
201109 0.040 226.889 0.043
201112 0.040 225.672 0.043
201203 -0.020 229.392 -0.021
201206 -0.250 229.478 -0.267
201209 -0.160 231.407 -0.169
201212 -0.190 229.601 -0.203
201303 -0.390 232.773 -0.410
201306 -0.030 233.504 -0.031
201309 -0.020 234.149 -0.021
201312 -0.040 233.049 -0.042
201403 0.180 236.293 0.187
201406 -0.120 238.343 -0.123
201409 -0.080 238.031 -0.082
201412 -0.010 234.812 -0.010
201503 0.110 236.119 0.114
201506 0.020 238.638 0.021
201509 0.060 237.945 0.062
201512 0.070 236.525 0.072
201603 0.090 238.132 0.093
201606 0.100 241.018 0.102
201609 0.070 241.428 0.071
201612 0.030 241.432 0.030
201703 -1.720 243.801 -1.728
201706 -0.120 244.955 -0.120

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.

Tel Instrument Electronics Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2.55/-0.33
=

* 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 Tel Instrument Electronics Corp was 308.33. The lowest was 0.00. And the median was 60.56.


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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