GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chesswood Group Ltd (TSX:CHW) » Definitions » E10

Chesswood Group (TSX:CHW) E10 : C$0.93 (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Chesswood Group 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.

Chesswood Group's adjusted earnings per share data for the three months ended in Dec. 2023 was C$-1.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.93 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Chesswood Group's average E10 Growth Rate was -20.50% per year. During the past 3 years, the average E10 Growth Rate was 0.70% per year. During the past 5 years, the average E10 Growth Rate was 3.20% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Chesswood Group was 37.20% per year. The lowest was 0.70% per year. And the median was 8.00% per year.

As of today (2024-04-27), Chesswood Group's current stock price is C$7.26. Chesswood Group's E10 for the quarter that ended in Dec. 2023 was C$0.93. Chesswood Group's Shiller PE Ratio of today is 7.81.

During the past 13 years, the highest Shiller PE Ratio of Chesswood Group was 44.00. The lowest was 4.27. And the median was 11.51.


Chesswood Group E10 Historical Data

The historical data trend for Chesswood Group'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.

Chesswood Group E10 Chart

Chesswood Group 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 0.93 0.91 1.05 1.17 0.93

Chesswood Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.17 1.16 1.15 1.13 0.93

Competitive Comparison of Chesswood Group's E10

For the Credit Services subindustry, Chesswood Group'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.


Chesswood Group's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Chesswood Group's Shiller PE Ratio distribution charts can be found below:

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



Chesswood Group 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, Chesswood Group's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.83/125.4675*125.4675
=-1.830

Current CPI (Dec. 2023) = 125.4675.

Chesswood Group Quarterly Data

per share eps CPI Adj_EPS
201403 0.250 98.604 0.318
201406 0.260 99.473 0.328
201409 0.260 99.394 0.328
201412 0.160 98.367 0.204
201503 0.260 99.789 0.327
201506 0.280 100.500 0.350
201509 0.160 100.421 0.200
201512 0.460 99.947 0.577
201603 0.550 101.054 0.683
201606 0.220 102.002 0.271
201609 0.270 101.765 0.333
201612 0.280 101.449 0.346
201703 0.250 102.634 0.306
201706 0.200 103.029 0.244
201709 0.180 103.345 0.219
201712 0.740 103.345 0.898
201803 0.320 105.004 0.382
201806 0.310 105.557 0.368
201809 0.340 105.636 0.404
201812 0.280 105.399 0.333
201903 0.170 106.979 0.199
201906 0.220 107.690 0.256
201909 0.160 107.611 0.187
201912 0.160 107.769 0.186
202003 -1.120 107.927 -1.302
202006 0.060 108.401 0.069
202009 0.550 108.164 0.638
202012 0.010 108.559 0.012
202103 0.350 110.298 0.398
202106 0.400 111.720 0.449
202109 0.450 112.905 0.500
202112 0.400 113.774 0.441
202203 0.090 117.646 0.096
202206 0.460 120.806 0.478
202209 0.580 120.648 0.603
202212 0.330 120.964 0.342
202303 0.060 122.702 0.061
202306 0.100 124.203 0.101
202309 0.010 125.230 0.010
202312 -1.830 125.468 -1.830

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


Chesswood Group  (TSX:CHW) 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.

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

Shiller PE Ratio=Share Price/E10
=7.26/0.93
=7.81

* 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 Chesswood Group was 44.00. The lowest was 4.27. And the median was 11.51.


Be Aware

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


Chesswood Group E10 Related Terms

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


Chesswood Group (TSX:CHW) Business Description

Traded in Other Exchanges
Address
1133 Yonge Street, Suite 603, Toronto, ON, CAN, M4T 2Y7
Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. The company's operations consist of U.S. Equipment Financing Segment, Canadian Equipment Financing Segment, Canadian Auto Financing Segment, and Asset Management Segment. The US Equipment Financing business, which is the key revenue driver, is located in the US and is involved in small-ticket equipment leasing and lending to small and medium-sized businesses.

Chesswood Group (TSX:CHW) Headlines