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Associated Capital Group (Associated Capital Group) E10 : $0.42 (As of Mar. 2024)


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What is Associated Capital Group E10?

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.

Associated Capital Group's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.42 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-05-24), Associated Capital Group's current stock price is $33.95. Associated Capital Group's E10 for the quarter that ended in Mar. 2024 was $0.42. Associated Capital Group's Shiller PE Ratio of today is 80.83.

During the past 12 years, the highest Shiller PE Ratio of Associated Capital Group was 128.03. The lowest was 76.74. And the median was 115.93.


Associated Capital Group E10 Historical Data

The historical data trend for Associated Capital Group'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.

Associated Capital Group E10 Chart

Associated Capital Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.35

Associated Capital Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial 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 - 0.29 0.29 0.35 0.42

Competitive Comparison of Associated Capital Group's E10

For the Asset Management subindustry, Associated Capital Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Associated Capital Group's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Shiller PE Ratio falls into.



Associated Capital 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, Associated Capital Group's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.64/131.7762*131.7762
=0.640

Current CPI (Mar. 2024) = 131.7762.

Associated Capital Group Quarterly Data

per share eps CPI Adj_EPS
201406 0.158 100.560 0.207
201409 -0.151 100.428 -0.198
201412 0.092 99.070 0.122
201503 0.094 99.621 0.124
201506 0.034 100.684 0.044
201509 -0.296 100.392 -0.389
201512 0.170 99.792 0.224
201603 0.060 100.470 0.079
201606 0.040 101.688 0.052
201609 0.160 101.861 0.207
201612 0.150 101.863 0.194
201703 -0.550 102.862 -0.705
201706 0.190 103.349 0.242
201709 0.060 104.136 0.076
201712 0.670 104.011 0.849
201803 -0.950 105.290 -1.189
201806 0.510 106.317 0.632
201809 -0.320 106.507 -0.396
201812 -1.770 105.998 -2.200
201903 1.020 107.251 1.253
201906 -0.040 108.070 -0.049
201909 0.260 108.329 0.316
201912 0.490 108.420 0.596
202003 -3.270 108.902 -3.957
202006 1.570 108.767 1.902
202009 0.260 109.815 0.312
202012 2.290 109.897 2.746
202103 0.830 111.754 0.979
202106 1.340 114.631 1.540
202109 0.070 115.734 0.080
202112 0.430 117.630 0.482
202203 -0.730 121.301 -0.793
202206 -1.360 125.017 -1.434
202209 -0.750 125.227 -0.789
202212 0.620 125.222 0.652
202303 0.810 127.348 0.838
202306 0.150 128.729 0.154
202309 -0.001 129.860 -0.001
202312 0.760 129.419 0.774
202403 0.640 131.776 0.640

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


Associated Capital Group  (NYSE:AC) 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.

Associated Capital Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=33.95/0.42
=80.83

* 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 12 years, the highest Shiller P/E Ratio of Associated Capital Group was 128.03. The lowest was 76.74. And the median was 115.93.


Be Aware

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


Associated Capital Group E10 Related Terms

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


Associated Capital Group (Associated Capital Group) Business Description

Traded in Other Exchanges
N/A
Address
191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.
Executives
Ian J Mcadams officer: Interim Co-CFO 191 MASON STREET, GREENWICH CT 06830
Patrick Huvane officer: Interim Co-CFO 780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Richard T Prins director C/O ASSOCIATED CAPITAL GROUP, INC., 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein officer: Chief Legal Officer 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Timothy Schott officer: Executive VP & CFO 191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli director, 10 percent owner, officer: Chairman & CEO 191 MASON STREET, GREENWICH CT 06830
Marc Gabelli director 401 THEODORE FREMD AVE, RYE NY 10580
Kenneth D Masiello officer: Chief Accounting Officer ONE CORPORATE CENTER, RYE NY 10580
Elisa M. Wilson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Francis J Conroy officer: Interim Chief FinancialOfficer ONE CORPORATE CENTER, RYE NY 10580
Frederic V Salerno director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Frederick J Mancheski 10 percent owner 5400 PLANTATION ROAD, UNIT 1256, CAPTIVA FL 33924
Douglas R Jamieson officer: President & CEO C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady officer: Executive Vice President ONE CORPORATE CENTER, RYE NY 10580
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403