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Value Line (Value Line) E10 : $1.79 (As of Jan. 2024)


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What is Value Line 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.

Value Line's adjusted earnings per share data for the three months ended in Jan. 2024 was $0.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.79 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Value Line's average E10 Growth Rate was 9.80% per year. During the past 3 years, the average E10 Growth Rate was 6.80% per year. During the past 5 years, the average E10 Growth Rate was 10.60% per year. During the past 10 years, the average E10 Growth Rate was -1.80% 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 Value Line was 16.40% per year. The lowest was -11.90% per year. And the median was -2.50% per year.

As of today (2024-06-23), Value Line's current stock price is $40.86. Value Line's E10 for the quarter that ended in Jan. 2024 was $1.79. Value Line's Shiller PE Ratio of today is 22.83.

During the past 13 years, the highest Shiller PE Ratio of Value Line was 64.67. The lowest was 4.50. And the median was 19.00.


Value Line E10 Historical Data

The historical data trend for Value Line'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.

Value Line E10 Chart

Value Line Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.38 1.23 1.50 1.68

Value Line Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.63 1.68 1.72 1.75 1.79

Competitive Comparison of Value Line's E10

For the Financial Data & Stock Exchanges subindustry, Value Line'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.


Value Line's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Value Line's Shiller PE Ratio distribution charts can be found below:

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



Value Line 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, Value Line's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.62/130.1244*130.1244
=0.620

Current CPI (Jan. 2024) = 130.1244.

Value Line Quarterly Data

per share eps CPI Adj_EPS
201404 0.170 100.023 0.221
201407 0.210 100.520 0.272
201410 0.200 100.176 0.260
201501 0.220 98.604 0.290
201504 0.110 99.824 0.143
201507 0.220 100.691 0.284
201510 0.200 100.346 0.259
201601 0.200 99.957 0.260
201604 0.130 100.947 0.168
201607 0.650 101.524 0.833
201610 0.150 101.988 0.191
201701 0.150 102.456 0.191
201704 0.110 103.167 0.139
201707 0.230 103.278 0.290
201710 0.210 104.070 0.263
201801 0.930 104.578 1.157
201804 0.150 105.708 0.185
201807 0.320 106.324 0.392
201810 0.340 106.695 0.415
201901 0.250 106.200 0.306
201904 0.330 107.818 0.398
201907 0.380 108.250 0.457
201910 0.440 108.577 0.527
202001 0.510 108.841 0.610
202004 0.220 108.173 0.265
202007 0.550 109.318 0.655
202010 0.510 109.861 0.604
202101 0.730 110.364 0.861
202104 0.640 112.673 0.739
202107 0.620 115.183 0.700
202110 0.890 116.696 0.992
202201 0.590 118.619 0.647
202204 0.400 121.978 0.427
202207 0.470 125.002 0.489
202210 0.460 125.734 0.476
202301 0.550 126.223 0.567
202304 0.430 127.992 0.437
202307 0.520 128.974 0.525
202310 0.370 129.810 0.371
202401 0.620 130.124 0.620

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


Value Line  (NAS:VALU) 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.

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

Shiller PE Ratio=Share Price/E10
=40.86/1.79
=22.83

* 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 Value Line was 64.67. The lowest was 4.50. And the median was 19.00.


Be Aware

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


Value Line E10 Related Terms

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


Value Line (Value Line) Business Description

Traded in Other Exchanges
N/A
Address
551 Fifth Avenue, 3rd Floor, New York, NY, USA, 10176-0001
Value Line Inc is a U.S based company. It produces investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The company markets under well-known brands including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. Its only operating segment being Publishing.
Executives
Glenn J. Muenzer director 357 HARVARD COURT, EAST MEADOW NY 11554
Alfred R Fiore director 1 ANGORA ROAD, WESTPORT CT 06880
Howard A Brecher director, officer: Acting Chairman and Acting CEO VALUE LINE 220 E 42ND ST, SUITE 600, NEW YORK NY 10017
Stephen Anastasio officer: Chief Financial Officer 220 E 42ND STREET, NEW YORK NY 10017
William Edward Reed director 12 KNORR STREET, NORWALK CT 06854
Mary Bernstein director 220 E 42ND STREET, NEW YORK NY 10017
Stephen P Davis director 57 EAST 95TH STREET, NEW YORK NY 10128
Thomas Sarkany director, officer: Secretary 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK NY 10017
Robert M. Perkins, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Ruth O. Legon, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Arnold Bernhard & Co Inc 10 percent owner 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Janet Eakman director 220 E 42ND STREET, NEW YORK NY 10017
Mitchell Eric Appel officer: CFO VALUE LINE INC, 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Edward J Shanahan director 220 EAST 42 STREET, NEW YORK NY 10017
Marianne B Asher director