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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.

* Premium members only.

TRC Companies Inc Annual Data

Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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 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 -0.80 -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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