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Usana Health Sciences Inc  (NYSE:USNA) E10: $2.50 (As of Sep. 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.

Usana Health Sciences Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.970. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.50 for the trailing ten years ended in Sep. 2017.

As of today, Usana Health Sciences Inc's current stock price is $66.00. Usana Health Sciences Inc's E10 for the quarter that ended in Sep. 2017 was $2.50. Usana Health Sciences Inc's Shiller PE Ratio of today is 26.40.

During the past 13 years, the highest Shiller PE Ratio of Usana Health Sciences Inc was 71.51. The lowest was 11.92. And the median was 24.30.


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.

Usana Health Sciences 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 1.29 1.53 1.71 1.97 2.28

Usana Health Sciences Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 2.22 2.28 2.35 2.42 2.50

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, Usana Health Sciences Inc's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.97/246.819*246.819
=0.970

Current CPI (Sep. 2017) = 246.819.

Usana Health Sciences Inc Quarterly Data

per share eps CPI Adj_EPS
200712 0.330 210.036 0.388
200803 0.230 213.528 0.266
200806 0.310 218.815 0.350
200809 0.250 218.783 0.282
200812 0.135 210.228 0.158
200903 0.215 212.709 0.249
200906 0.285 215.693 0.326
200909 0.255 215.969 0.291
200912 0.330 215.949 0.377
201003 0.310 217.631 0.352
201006 0.345 217.965 0.391
201009 0.395 218.439 0.446
201012 0.375 219.179 0.422
201103 0.350 223.467 0.387
201106 0.440 225.722 0.481
201109 0.405 226.889 0.441
201112 0.435 225.672 0.476
201203 0.450 229.392 0.484
201206 0.555 229.478 0.597
201209 0.590 231.407 0.629
201212 0.630 229.601 0.677
201303 0.640 232.773 0.679
201306 0.860 233.504 0.909
201309 0.580 234.149 0.611
201312 0.700 233.049 0.741
201403 0.575 236.293 0.601
201406 0.680 238.343 0.704
201409 0.735 238.031 0.762
201412 0.820 234.812 0.862
201503 0.750 236.119 0.784
201506 0.960 238.638 0.993
201509 0.960 237.945 0.996
201512 0.915 236.525 0.955
201603 0.890 238.132 0.922
201606 1.030 241.018 1.055
201609 1.200 241.428 1.227
201612 0.870 241.432 0.889
201703 0.860 243.801 0.871
201706 0.930 244.955 0.937
201709 0.970 246.819 0.970

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.

Usana Health Sciences Inc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=66.00/2.50
=26.40

* 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 Usana Health Sciences Inc was 71.51. The lowest was 11.92. And the median was 24.30.


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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