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Pollard Banknote (TSX:PBL) E10 : C$0.97 (As of Dec. 2024)


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What is Pollard Banknote 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.

Pollard Banknote's adjusted earnings per share data for the three months ended in Dec. 2024 was C$0.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.97 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Pollard Banknote's average E10 Growth Rate was 16.90% per year. During the past 3 years, the average E10 Growth Rate was 14.90% per year. During the past 5 years, the average E10 Growth Rate was 16.80% 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 Pollard Banknote was 26.80% per year. The lowest was 14.70% per year. And the median was 15.40% per year.

As of today (2025-03-18), Pollard Banknote's current stock price is C$20.54. Pollard Banknote's E10 for the quarter that ended in Dec. 2024 was C$0.97. Pollard Banknote's Shiller PE Ratio of today is 21.18.

During the past 13 years, the highest Shiller PE Ratio of Pollard Banknote was 103.61. The lowest was 20.63. And the median was 39.18.


Pollard Banknote E10 Historical Data

The historical data trend for Pollard Banknote'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.

Pollard Banknote E10 Chart

Pollard Banknote Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.64 0.72 0.83 0.97

Pollard Banknote Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.83 0.85 0.89 0.94 0.97

Competitive Comparison of Pollard Banknote's E10

For the Gambling subindustry, Pollard Banknote'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.


Pollard Banknote's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pollard Banknote's Shiller PE Ratio distribution charts can be found below:

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



Pollard Banknote 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, Pollard Banknote's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.41/127.3637*127.3637
=0.410

Current CPI (Dec. 2024) = 127.3637.

Pollard Banknote Quarterly Data

per share eps CPI Adj_EPS
201503 0.060 99.789 0.077
201506 0.130 100.500 0.165
201509 0.080 100.421 0.101
201512 0.060 99.947 0.076
201603 0.150 101.054 0.189
201606 0.090 102.002 0.112
201609 0.120 101.765 0.150
201612 0.160 101.449 0.201
201703 0.080 102.634 0.099
201706 0.250 103.029 0.309
201709 0.200 103.345 0.246
201712 0.180 103.345 0.222
201803 0.180 105.004 0.218
201806 0.200 105.557 0.241
201809 0.280 105.636 0.338
201812 -0.080 105.399 -0.097
201903 0.310 106.979 0.369
201906 0.200 107.690 0.237
201909 0.170 107.611 0.201
201912 0.180 107.769 0.213
202003 -0.050 107.927 -0.059
202006 0.360 108.401 0.423
202009 0.510 108.164 0.601
202012 0.460 108.559 0.540
202103 0.280 110.298 0.323
202106 0.290 111.720 0.331
202109 -0.020 112.905 -0.023
202112 0.190 113.774 0.213
202203 0.240 117.646 0.260
202206 0.090 120.806 0.095
202209 -0.010 120.648 -0.011
202212 0.390 120.964 0.411
202303 0.180 122.702 0.187
202306 0.270 124.203 0.277
202309 0.280 125.230 0.285
202312 0.420 125.072 0.428
202403 0.260 126.258 0.262
202406 0.430 127.522 0.429
202409 0.660 127.285 0.660
202412 0.410 127.364 0.410

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


Pollard Banknote  (TSX:PBL) 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.

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

Shiller PE Ratio=Share Price/E10
=20.54/0.97
=21.18

* 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 Pollard Banknote was 103.61. The lowest was 20.63. And the median was 39.18.


Be Aware

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


Pollard Banknote E10 Related Terms

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


Pollard Banknote Business Description

Traded in Other Exchanges
Address
140 Otter Street, Winnipeg, MB, CAN, R3T 0M8
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of the revenue from United States.
Executives
Riva Jean Richard Senior Officer
Robert Brock Young Senior Officer
Jennifer Doris Westbury Senior Officer
Pedro Melo Senior Officer
Paul Edmund Franzmann Senior Officer
Garry Arthur Leach Director

Pollard Banknote Headlines