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IBI Group Inc  (TSX:IBG) E10: C$-0.67 (As of Jun. 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.

IBI Group Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was C$0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.67 for the trailing ten years ended in Jun. 2017.

As of today, IBI Group Inc's current stock price is C$7.26. IBI Group Inc's E10 for the quarter that ended in Jun. 2017 was C$-0.67. IBI Group Inc's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of IBI Group Inc was 56.25. The lowest was 0.00. And the median was 24.15.


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.

IBI Group Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.38 -0.55

IBI Group Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.48 -0.54 -0.55 -0.60 -0.67

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, IBI Group Inc's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.13/244.955*244.955
=0.130

Current CPI (Jun. 2017) = 244.955.

IBI Group Inc Quarterly Data

per share eps CPI Adj_EPS
200709 0.430 208.490 0.505
200712 0.330 210.036 0.385
200803 0.382 213.528 0.438
200806 0.465 218.815 0.521
200809 0.452 218.783 0.506
200812 0.283 210.228 0.330
200903 0.267 212.709 0.307
200906 0.320 215.693 0.363
200909 0.276 215.969 0.313
200912 -0.147 215.949 -0.167
201003 0.000 217.631 0.000
201006 0.000 217.965 0.000
201009 0.000 218.439 0.000
201012 0.000 219.179 0.000
201103 0.000 223.467 0.000
201106 0.223 225.722 0.242
201109 0.223 226.889 0.241
201112 0.219 225.672 0.238
201203 0.195 229.392 0.208
201206 0.265 229.478 0.283
201209 0.118 231.407 0.125
201212 -1.229 229.601 -1.311
201303 0.028 232.773 0.029
201306 -3.233 233.504 -3.392
201309 -2.004 234.149 -2.096
201312 -4.273 233.049 -4.491
201403 0.047 236.293 0.049
201406 0.038 238.343 0.039
201409 0.066 238.031 0.068
201412 -0.301 234.812 -0.314
201503 0.110 236.119 0.114
201506 0.070 238.638 0.072
201509 0.210 237.945 0.216
201512 0.020 236.525 0.021
201603 -0.120 238.132 -0.123
201606 0.140 241.018 0.142
201609 -0.150 241.428 -0.152
201612 0.240 241.432 0.244
201703 0.100 243.801 0.100
201706 0.130 244.955 0.130

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.

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

Shiller PE Ratio=Share Price/E10
=7.26/-0.67
=

* 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 IBI Group Inc was 56.25. The lowest was 0.00. And the median was 24.15.


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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