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Exchangeome (TSX:EIF) E10 : C$2.12 (As of Dec. 2023)


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What is Exchangeome 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.

Exchangeome's adjusted earnings per share data for the three months ended in Dec. 2023 was C$0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$2.12 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Exchangeome's average E10 Growth Rate was 15.20% per year. During the past 3 years, the average E10 Growth Rate was 11.50% per year. During the past 5 years, the average E10 Growth Rate was 7.40% 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 Exchangeome was 11.50% per year. The lowest was 4.40% per year. And the median was 6.90% per year.

As of today (2024-04-29), Exchangeome's current stock price is C$46.92. Exchangeome's E10 for the quarter that ended in Dec. 2023 was C$2.12. Exchangeome's Shiller PE Ratio of today is 22.13.

During the past 13 years, the highest Shiller PE Ratio of Exchangeome was 37.30. The lowest was 10.89. And the median was 25.07.


Exchangeome E10 Historical Data

The historical data trend for Exchangeome'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.

Exchangeome E10 Chart

Exchangeome 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 1.56 1.53 1.64 1.84 2.12

Exchangeome 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 1.84 1.88 1.95 2.06 2.12

Competitive Comparison of Exchangeome's E10

For the Airlines subindustry, Exchangeome'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.


Exchangeome's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Exchangeome's Shiller PE Ratio distribution charts can be found below:

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



Exchangeome 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, Exchangeome'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)
=0.61/125.4675*125.4675
=0.610

Current CPI (Dec. 2023) = 125.4675.

Exchangeome Quarterly Data

per share eps CPI Adj_EPS
201403 0.010 98.604 0.013
201406 0.190 99.473 0.240
201409 0.250 99.394 0.316
201412 -0.080 98.367 -0.102
201503 0.040 99.789 0.050
201506 0.540 100.500 0.674
201509 0.600 100.421 0.750
201512 0.350 99.947 0.439
201603 0.350 101.054 0.435
201606 0.590 102.002 0.726
201609 0.670 101.765 0.826
201612 0.480 101.449 0.594
201703 0.180 102.634 0.220
201706 0.770 103.029 0.938
201709 0.720 103.345 0.874
201712 0.550 103.345 0.668
201803 0.270 105.004 0.323
201806 0.600 105.557 0.713
201809 0.720 105.636 0.855
201812 0.570 105.399 0.679
201903 0.230 106.979 0.270
201906 0.650 107.690 0.757
201909 0.830 107.611 0.968
201912 0.720 107.769 0.838
202003 -0.150 107.927 -0.174
202006 0.070 108.401 0.081
202009 0.480 108.164 0.557
202012 0.370 108.559 0.428
202103 0.200 110.298 0.228
202106 0.430 111.720 0.483
202109 0.560 112.905 0.622
202112 0.600 113.774 0.662
202203 0.090 117.646 0.096
202206 0.730 120.806 0.758
202209 1.090 120.648 1.134
202212 0.620 120.964 0.643
202303 0.160 122.702 0.164
202306 0.800 124.203 0.808
202309 0.990 125.230 0.992
202312 0.610 125.468 0.610

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


Exchangeome  (TSX:EIF) 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.

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

Shiller PE Ratio=Share Price/E10
=46.92/2.12
=22.13

* 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 Exchangeome was 37.30. The lowest was 10.89. And the median was 25.07.


Be Aware

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


Exchangeome E10 Related Terms

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


Exchangeome (TSX:EIF) Business Description

Traded in Other Exchanges
Address
101-990 Lorimer Boulevard, Winnipeg, MB, CAN, R3P 0Z9
Exchange Income Corp is a diversified, acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with cash flows operating in niche markets. Its Aerospace and Aviation segment is a key revenue driver, recognizes revenue from the provision of Aftermarket parts sales, Aircraft and engine sales, Aircraft and engine lease revenue, Surveillance and aircraft modification services, Software development and sales of software licenses, Charter, passenger flight, medevac, and cargo services. The Manufacturing segment recognizes revenue from the sales of manufacturing products and services.

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