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Sprott (TSX:SII) E10 : C$1.27 (As of Dec. 2024)


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What is Sprott 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.

Sprott's adjusted earnings per share data for the three months ended in Dec. 2024 was C$0.655. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.27 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Sprott's average E10 Growth Rate was 16.50% per year. During the past 3 years, the average E10 Growth Rate was 42.40% per year. During the past 5 years, the average E10 Growth Rate was 4.70% 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 Sprott was 42.40% per year. The lowest was -38.10% per year. And the median was -34.60% per year.

As of today (2025-03-20), Sprott's current stock price is C$64.14. Sprott's E10 for the quarter that ended in Dec. 2024 was C$1.27. Sprott's Shiller PE Ratio of today is 50.50.

During the past 13 years, the highest Shiller PE Ratio of Sprott was 181.95. The lowest was 10.24. And the median was 46.34.


Sprott E10 Historical Data

The historical data trend for Sprott'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.

Sprott E10 Chart

Sprott 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 0.50 0.44 0.33 1.09 1.27

Sprott 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 1.09 1.11 1.16 1.20 1.27

Competitive Comparison of Sprott's E10

For the Asset Management subindustry, Sprott'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.


Sprott's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott's Shiller PE Ratio distribution charts can be found below:

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



Sprott 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, Sprott'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)
=0.655/127.3637*127.3637
=0.655

Current CPI (Dec. 2024) = 127.3637.

Sprott Quarterly Data

per share eps CPI Adj_EPS
201503 0.299 99.789 0.382
201506 0.299 100.500 0.379
201509 -1.976 100.421 -2.506
201512 -0.151 99.947 -0.192
201603 0.102 101.054 0.129
201606 0.698 102.002 0.872
201609 0.498 101.765 0.623
201612 -0.029 101.449 -0.036
201703 0.402 102.634 0.499
201706 -0.102 103.029 -0.126
201709 1.287 103.345 1.586
201712 -0.021 103.345 -0.026
201803 0.501 105.004 0.608
201806 0.200 105.557 0.241
201809 0.101 105.636 0.122
201812 0.248 105.399 0.300
201903 0.134 106.979 0.160
201906 0.080 107.690 0.095
201909 0.225 107.611 0.266
201912 0.079 107.769 0.093
202003 0.056 107.927 0.066
202006 0.556 108.401 0.653
202009 0.450 108.164 0.530
202012 0.333 108.559 0.391
202103 0.151 110.298 0.174
202106 0.525 111.720 0.599
202109 0.431 112.905 0.486
202112 0.499 113.774 0.559
202203 0.316 117.646 0.342
202206 0.038 120.806 0.040
202209 0.160 120.648 0.169
202212 0.394 120.964 0.415
202303 0.397 122.702 0.412
202306 0.903 124.203 0.926
202309 0.352 125.230 0.358
202312 0.496 125.072 0.505
202403 0.596 126.258 0.601
202406 0.699 127.522 0.698
202409 0.664 127.285 0.664
202412 0.655 127.364 0.655

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


Sprott  (TSX:SII) 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.

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

Shiller PE Ratio=Share Price/E10
=64.14/1.27
=50.50

* 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 Sprott was 181.95. The lowest was 10.24. And the median was 46.34.


Be Aware

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


Sprott E10 Related Terms

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


Sprott Business Description

Traded in Other Exchanges
Address
200 Bay Street, South Tower, Suite 2600, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Inc is an alternative asset manager operating in Canada. The company has four reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Private strategies which provide lending and streaming activities through limited partnership vehicles; Corporate segment which provides capital, balance sheet management and enterprise shared services to the Company's subsidiaries.
Executives
Whitney George Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Varinder Bhathal Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
John A. Ciampaglia Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Arthur Richards Rule 10% Security Holder
Kevin Lloyd Hibbert Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Arthur Avi Einav Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Grosskopf Director, Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Rosemary Zigrossi Director
Sharon Margaret Ranson Director

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