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Wells Fargo E10

: USD3.90 (As of Mar. 2021)
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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.

Wells Fargo's adjusted earnings per share data for the three months ended in Mar. 2021 was USD1.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD3.90 for the trailing ten years ended in Mar. 2021.

As of today (2021-07-27), Wells Fargo's current stock price is USD45.01. Wells Fargo's E10 for the quarter that ended in Mar. 2021 was USD3.90. Wells Fargo's Shiller PE Ratio of today is 11.54.

During the past 13 years, the highest Shiller PE Ratio of Wells Fargo was 19.98. The lowest was 5.63. And the median was 15.28.


Wells Fargo E10 Historical Data

* 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.

Wells Fargo Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.11 3.30 3.70 3.98 3.81

Wells Fargo Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 3.81 3.81 3.81 3.90 -

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. Note that "N/A" values will not show up in the chart.
   

Wells Fargo E10 Distribution

* The bar in red indicates where Wells Fargo's E10 falls into.



Wells Fargo 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, Wells Fargo's adjusted earnings per share data for the three months ended in Mar. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=1.05/111.7544*111.7544
=1.050

Current CPI (Mar. 2021) = 111.7544.

Wells Fargo Quarterly Data

per share eps CPI Adj_EPS
201106 0.700 95.235 0.821
201109 0.720 95.727 0.841
201112 0.730 95.213 0.857
201203 0.750 96.783 0.866
201206 0.820 96.819 0.946
201209 0.880 97.633 1.007
201212 0.910 96.871 1.050
201303 0.920 98.209 1.047
201306 0.980 98.518 1.112
201309 0.990 98.790 1.120
201312 1.000 98.326 1.137
201403 1.050 99.695 1.177
201406 1.010 100.560 1.122
201409 1.020 100.428 1.135
201412 1.020 99.070 1.151
201503 1.040 99.621 1.167
201506 1.030 100.684 1.143
201509 1.050 100.392 1.169
201512 1.030 99.792 1.153
201603 0.990 100.470 1.101
201606 1.010 101.688 1.110
201609 1.030 101.861 1.130
201612 0.960 101.863 1.053
201703 1.030 102.862 1.119
201706 1.080 103.349 1.168
201709 0.830 104.136 0.891
201712 1.160 104.011 1.246
201803 0.960 105.290 1.019
201806 0.980 106.317 1.030
201809 1.130 106.507 1.186
201812 1.210 105.998 1.276
201903 1.200 107.251 1.250
201906 1.300 108.070 1.344
201909 0.920 108.329 0.949
201912 0.600 108.420 0.618
202003 0.010 108.902 0.010
202006 -0.660 108.767 -0.678
202009 0.420 109.815 0.427
202012 0.640 109.897 0.651
202103 1.050 111.754 1.050

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


Wells Fargo  (NYSE:WFC) 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.

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

Shiller PE Ratio=Share Price/E10
=45.01/3.9
=11.54

* 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 Wells Fargo was 19.98. The lowest was 5.63. And the median was 15.28.


Be Aware

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


Wells Fargo E10 Related Terms


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