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Workhorse Group E10

: $-1.02 (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.

Workhorse Group's adjusted earnings per share data for the three months ended in Mar. 2021 was $-1.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.02 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-18), Workhorse Group's current stock price is $9.00. Workhorse Group's E10 for the quarter that ended in Mar. 2021 was $-1.02. Workhorse Group's Shiller PE Ratio of today is .


Workhorse Group 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.

Workhorse Group Annual Data
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 - -30.45 -12.11 -1.24 -0.99

Workhorse Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 -1.17 -1.29 -1.31 -0.99 -1.02

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.


Workhorse Group E10 Distribution

* The bar in red indicates where Workhorse Group's E10 falls into.



Workhorse Group 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, Workhorse Group'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)
=-1.04/110.9684*110.9684
=-1.040

Current CPI (Mar. 2021) = 110.9684.

Workhorse Group Quarterly Data

per share eps CPI Adj_EPS
201106 -0.700 95.319 -0.815
201109 -0.600 95.529 -0.697
201112 -0.600 95.632 -0.696
201203 -0.300 97.075 -0.343
201206 -0.200 96.661 -0.230
201209 -0.300 97.595 -0.341
201212 -0.200 97.158 -0.228
201303 -0.200 98.107 -0.226
201306 -0.300 98.557 -0.338
201309 -0.100 98.536 -0.113
201312 -0.100 98.692 -0.112
201403 -0.100 100.023 -0.111
201406 -0.100 100.520 -0.110
201409 -0.100 100.176 -0.111
201412 -0.190 98.604 -0.214
201503 -0.130 99.824 -0.145
201506 -0.120 100.691 -0.132
201509 -0.240 100.346 -0.265
201512 -0.190 99.957 -0.211
201603 -0.230 100.947 -0.253
201606 -0.140 101.524 -0.153
201609 -0.250 101.988 -0.272
201612 -0.253 102.456 -0.274
201703 -0.240 103.167 -0.258
201706 -0.260 103.278 -0.279
201709 -0.350 104.070 -0.373
201712 -0.240 104.578 -0.255
201803 -0.160 105.708 -0.168
201806 -0.180 106.324 -0.188
201809 -0.120 106.695 -0.125
201812 -0.320 106.200 -0.334
201903 -0.110 107.818 -0.113
201906 -0.330 108.250 -0.338
201909 -0.170 108.577 -0.174
201912 0.010 108.841 0.010
202003 0.060 108.173 0.062
202006 -1.760 109.318 -1.787
202009 -0.780 109.861 -0.788
202012 2.301 110.364 2.313
202103 -1.040 110.968 -1.040

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


Workhorse Group  (NAS:WKHS) 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.


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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