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Caldwell Partners International Inc (TSX:CWL)
E10
C$-0.03 (As of Feb. 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.

Caldwell Partners International Inc's adjusted earnings per share data for the three months ended in Feb. 2017 was C$0.013. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.03 for the trailing ten years ended in Feb. 2017.

As of today, Caldwell Partners International Inc's current stock price is C$1.13. Caldwell Partners International Inc's E10 for the quarter that ended in Feb. 2017 was C$-0.03. Caldwell Partners International Inc's Shiller P/E Ratio of today is .

During the past 13 years, the highest Shiller P/E Ratio of Caldwell Partners International Inc was 90.00. The lowest was 5.77. And the median was 8.50.


Definition

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, Caldwell Partners International Inc's adjusted earnings per share data for the three months ended in Feb. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2017 (Change)*Current CPI (Feb. 2017)
=0.013/243.603*243.603
=0.013

Current CPI (Feb. 2017) = 243.603.

Caldwell Partners International Inc Quarterly Data

201411201502201505201508201511201602201605201608201611201702
per share eps 0.0130.0130.0360.030-0.0080.0380.017-0.0030.0380.013
CPI 236.151234.722237.805238.316237.336237.111240.229240.849241.353243.603
Adj_EPS 0.0130.0130.0370.031-0.0080.0390.017-0.0030.0380.013
201205201208201211201302201305201308201311201402201405201408
per share eps 0.0420.057-0.003-0.038-0.0210.0460.0230.0020.0300.044
CPI 229.815230.379230.221232.166232.945233.877233.069234.781237.900237.852
Adj_EPS 0.0450.060-0.003-0.040-0.0220.0480.0240.0020.0310.045
200911201002201005201008201011201102201105201108201111201202
per share eps -0.071-0.0640.0070.052-0.0560.0080.0300.041-0.026-0.014
CPI 216.330216.741218.178218.312218.803221.309225.964226.545226.230227.663
Adj_EPS -0.080-0.0720.0080.058-0.0620.0090.0320.044-0.028-0.015
200705200708200711200802200805200808200811200902200905200908
per share eps 0.0040.0200.0090.0120.004-0.070-0.032-0.017-0.150-0.261
CPI 207.949207.917210.177211.693216.632219.086212.425212.193213.856215.834
Adj_EPS 0.0050.0230.0100.0140.004-0.078-0.037-0.020-0.171-0.295

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 P/E 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.

Caldwell Partners International Inc's Shiller P/E Ratio of today is calculated as

Shiller P/E Ratio=Share Price/E10
=1.13/-0.03
=

* 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 Caldwell Partners International Inc was 90.00. The lowest was 5.77. And the median was 8.50.


Be Aware

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


Related Terms

Shiller P/E Ratio


Historical Data

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

Caldwell Partners International Inc Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
e10 0.170.130.040.010.000.00-0.01-0.010.00-0.03

Caldwell Partners International Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
e10 -0.01-0.01-0.010.00-0.03-0.03-0.03-0.03-0.03-0.03
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