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Vonage Holdings Corp  (NYSE:VG) E10: $0.00 (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.

Vonage Holdings Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Jun. 2017.

As of today, Vonage Holdings Corp's current stock price is $8.12. Vonage Holdings Corp's E10 for the quarter that ended in Jun. 2017 was $0.00. Vonage Holdings Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Vonage Holdings Corp was 30.73. The lowest was 0.00. And the median was 19.91.


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.

Vonage Holdings Corp 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 -38.06 -31.71 -7.88 0.00

Vonage Holdings Corp 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 -0.22 -0.17 0.00 -0.03 0.00

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, Vonage Holdings Corp'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)
=0.02/244.955*244.955
=0.020

Current CPI (Jun. 2017) = 244.955.

Vonage Holdings Corp Quarterly Data

per share eps CPI Adj_EPS
200709 -1.040 208.490 -1.222
200712 0.000 210.036 0.000
200803 -0.060 213.528 -0.069
200806 -0.040 218.815 -0.045
200809 -0.050 218.783 -0.056
200812 -0.260 210.228 -0.303
200903 -0.030 212.709 -0.035
200906 0.010 215.693 0.011
200909 -0.330 215.969 -0.374
200912 0.040 215.949 0.045
201003 0.060 217.631 0.068
201006 0.000 217.965 0.000
201009 -0.260 218.439 -0.292
201012 -0.200 219.179 -0.224
201103 0.090 223.467 0.099
201106 0.090 225.722 0.098
201109 0.070 226.889 0.076
201112 1.450 225.672 1.574
201203 0.060 229.392 0.064
201206 -0.010 229.478 -0.011
201209 0.060 231.407 0.064
201212 0.050 229.601 0.053
201303 0.060 232.773 0.063
201306 0.030 233.504 0.031
201309 0.020 234.149 0.021
201312 0.010 233.049 0.011
201403 0.020 236.293 0.021
201406 0.020 238.343 0.021
201409 0.020 238.031 0.021
201412 0.020 234.812 0.021
201503 0.030 236.119 0.031
201506 0.040 238.638 0.041
201509 0.020 237.945 0.021
201512 0.010 236.525 0.010
201603 0.040 238.132 0.041
201606 0.001 241.018 0.001
201609 0.040 241.428 0.041
201612 0.000 241.432 0.000
201703 0.020 243.801 0.020
201706 0.020 244.955 0.020

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.

Vonage Holdings Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.12/0.00
=

* 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 Vonage Holdings Corp was 30.73. The lowest was 0.00. And the median was 19.91.


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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