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Exxon Mobil Corp  (NYSE:XOM) E10: $6.87 (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.

Exxon Mobil Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.87 for the trailing ten years ended in Jun. 2017.

As of today, Exxon Mobil Corp's current stock price is $82.99. Exxon Mobil Corp's E10 for the quarter that ended in Jun. 2017 was $6.87. Exxon Mobil Corp's Shiller PE Ratio of today is 12.08.

During the past 13 years, the highest Shiller PE Ratio of Exxon Mobil Corp was 25.61. The lowest was 9.34. And the median was 13.08.


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.

Exxon Mobil 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 6.93 7.32 7.66 7.42 6.97

Exxon Mobil 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 7.28 7.14 6.97 6.94 6.87

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, Exxon Mobil 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)
=0.78/244.955*244.955
=0.780

Current CPI (Jun. 2017) = 244.955.

Exxon Mobil Corp Quarterly Data

per share eps CPI Adj_EPS
200709 1.700 208.490 1.997
200712 2.100 210.036 2.449
200803 2.020 213.528 2.317
200806 2.220 218.815 2.485
200809 2.850 218.783 3.191
200812 1.570 210.228 1.829
200903 0.920 212.709 1.059
200906 0.810 215.693 0.920
200909 0.980 215.969 1.112
200912 1.270 215.949 1.441
201003 1.330 217.631 1.497
201006 1.600 217.965 1.798
201009 1.440 218.439 1.615
201012 1.850 219.179 2.068
201103 2.140 223.467 2.346
201106 2.180 225.722 2.366
201109 2.130 226.889 2.300
201112 1.970 225.672 2.138
201203 2.000 229.392 2.136
201206 3.410 229.478 3.640
201209 2.090 231.407 2.212
201212 2.200 229.601 2.347
201303 2.120 232.773 2.231
201306 1.550 233.504 1.626
201309 1.790 234.149 1.873
201312 1.910 233.049 2.008
201403 2.100 236.293 2.177
201406 2.050 238.343 2.107
201409 1.890 238.031 1.945
201412 1.560 234.812 1.627
201503 1.170 236.119 1.214
201506 1.000 238.638 1.026
201509 1.010 237.945 1.040
201512 0.670 236.525 0.694
201603 0.430 238.132 0.442
201606 0.410 241.018 0.417
201609 0.630 241.428 0.639
201612 0.410 241.432 0.416
201703 0.950 243.801 0.954
201706 0.780 244.955 0.780

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.

Exxon Mobil Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=82.99/6.87
=12.08

* 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 Exxon Mobil Corp was 25.61. The lowest was 9.34. And the median was 13.08.


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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