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Waste Connections (NYSE:WCN) E10

: $1.82 (As of Mar. 2023)
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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.

Waste Connections's adjusted earnings per share data for the three months ended in Mar. 2023 was $0.770. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.82 for the trailing ten years ended in Mar. 2023.

As of today (2023-06-09), Waste Connections's current stock price is $136.00. Waste Connections's E10 for the quarter that ended in Mar. 2023 was $1.82. Waste Connections's Shiller PE Ratio of today is 74.73.

During the past 13 years, the highest Shiller PE Ratio of Waste Connections was 98.94. The lowest was 29.24. And the median was 74.17.


Waste Connections E10 Historical Data

The historical data trend for Waste Connections'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.

Waste Connections Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.26 1.25 1.44 1.75

Waste Connections Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.53 1.63 1.69 1.75 1.82

Competitive Comparison

For the Waste Management subindustry, Waste Connections's E10, along with its competitors' market caps and E10 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.

   

Waste Connections E10 Distribution

For the Waste Management industry and Industrials sector, Waste Connections's E10 distribution charts can be found below:

* The bar in red indicates where Waste Connections's E10 falls in comparison to its industry or sector. The grey bar indicates the E10's extreme value range as defined by GuruFocus.



Waste Connections 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, Waste Connections's adjusted earnings per share data for the three months ended in Mar. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=0.77/122.7021*122.7021
=0.770

Current CPI (Mar. 2023) = 122.7021.

Waste Connections Quarterly Data

per share eps CPI Adj_EPS
201306 0.233 97.182 0.294
201309 0.327 97.419 0.412
201312 0.267 96.945 0.338
201403 0.260 98.604 0.324
201406 0.333 99.473 0.411
201409 0.320 99.394 0.395
201412 0.327 98.367 0.408
201503 0.280 99.789 0.344
201506 0.307 100.500 0.375
201509 -1.387 100.421 -1.695
201512 0.280 99.947 0.344
201603 0.240 101.054 0.291
201606 0.130 102.002 0.156
201609 0.340 101.765 0.410
201612 0.327 101.449 0.396
201703 0.060 102.634 0.072
201706 0.470 103.029 0.560
201709 0.470 103.345 0.558
201712 1.190 103.345 1.413
201803 0.470 105.004 0.549
201806 0.520 105.557 0.604
201809 0.570 105.636 0.662
201812 0.500 105.399 0.582
201903 0.480 106.979 0.551
201906 0.560 107.690 0.638
201909 0.600 107.611 0.684
201912 0.500 107.769 0.569
202003 0.540 107.927 0.614
202006 -0.860 108.401 -0.973
202009 0.600 108.164 0.681
202012 0.500 108.559 0.565
202103 0.610 110.298 0.679
202106 0.680 111.720 0.747
202109 0.440 112.905 0.478
202112 0.640 113.774 0.690
202203 0.690 117.646 0.720
202206 0.870 120.806 0.884
202209 0.920 120.648 0.936
202212 0.750 120.964 0.761
202303 0.770 122.702 0.770

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


Waste Connections  (NYSE:WCN) 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.

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

Shiller PE Ratio=Share Price/E10
=136.00/1.82
=74.73

* 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 Waste Connections was 98.94. The lowest was 29.24. And the median was 74.17.


Be Aware

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


Waste Connections E10 Related Terms

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


Waste Connections (NYSE:WCN) Business Description

Waste Connections logo
Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 97 active landfills (12 are exploration and production waste landfills and 14 are nonmunicipal waste landfills), 142 transfer stations, and 71 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2021, 14% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Andrea E. Bertone director C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101
Robert Michael Cloninger officer: SR VP, Deputy General Counsel 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Susan Netherton officer: VP People, Training & Devlpmnt 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Jason Craft officer: Sr Vice President-Operations 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Elise Lipman Jordan director 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Eric Hansen officer: Senior Vice President and CIO 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Mary Anne Whitney officer: Sr Vice President - Finance 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Michael W Harlan director C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea officer: Sr. VP, General Counsel & Sec 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Matthew Stephen Black officer: Sr. Vice President - Tax 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Edward E Guillet director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Worthing Jackman officer: EVP & CFO 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Darrell W Chambliss officer: EVP & COO 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
David M Hall officer: Sr. Vice President 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
James Little officer: Sr. Vice President Engineering 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380

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