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TRC Companies Inc  (NYSE:TRR) E10: \$-0.66 (As of Mar. 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.

TRC Companies Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was \$0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is \$-0.66 for the trailing ten years ended in Mar. 2017.

As of today, TRC Companies Inc's current stock price is \$17.55. TRC Companies Inc's E10 for the quarter that ended in Mar. 2017 was \$-0.66. TRC Companies Inc's Shiller PE Ratio of today is .

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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TRC Companies Inc Annual Data

 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 E10 -0.99 -0.96 -1.03 -0.89 -0.71

TRC Companies Inc Quarterly Data

 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 E10 -0.80 -0.71 -0.70 -0.68 -0.66

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, TRC Companies Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was:

 Adj_EPS = Earnings per Share (Diluted) / CPI of Mar. 2017 (Change) * Current CPI (Mar. 2017) = 0.14 / 243.801 * 243.801 = 0.140

Current CPI (Mar. 2017) = 243.801.

TRC Companies Inc Quarterly Data

 per share eps CPI Adj_EPS 200706 -0.240 208.352 -0.281 200709 -4.750 208.490 -5.554 200712 -0.020 210.036 -0.023 200803 -0.260 213.528 -0.297 200806 -0.850 218.815 -0.947 200809 0.050 218.783 0.056 200812 -1.060 210.228 -1.229 200903 0.030 212.709 0.034 200906 -0.270 215.693 -0.305 200909 -0.050 215.969 -0.056 200912 0.160 215.949 0.181 201003 -0.100 217.631 -0.112 201006 -1.190 217.965 -1.331 201009 -0.060 218.439 -0.067 201012 -0.040 219.179 -0.044 201103 0.030 223.467 0.033 201106 -0.640 225.722 -0.691 201109 0.660 226.889 0.709 201112 0.180 225.672 0.194 201203 0.130 229.392 0.138 201206 0.190 229.478 0.202 201209 0.150 231.407 0.158 201212 0.140 229.601 0.149 201303 0.100 232.773 0.105 201306 0.840 233.504 0.877 201309 0.080 234.149 0.083 201312 0.100 233.049 0.105 201403 0.050 236.293 0.052 201406 0.170 238.343 0.174 201409 0.110 238.031 0.113 201412 0.130 234.812 0.135 201503 0.170 236.119 0.176 201506 0.220 238.638 0.225 201509 0.140 237.945 0.143 201512 0.130 236.525 0.134 201603 -0.460 238.132 -0.471 201606 0.191 241.018 0.193 201609 0.120 241.428 0.121 201612 0.130 241.432 0.131 201703 0.140 243.801 0.140

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.

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

 Shiller PE Ratio = Share Price / E10 = 17.55 / -0.66 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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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