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Liquidity Services (FRA:L1S) E10 : €-0.50 (As of Mar. 2024)


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What is Liquidity Services 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.

Liquidity Services's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.166. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.50 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -9.40% per year. During the past 5 years, the average E10 Growth Rate was -12.40% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Liquidity Services was -6.80% per year. The lowest was -37.50% per year. And the median was -8.55% per year.

As of today (2024-06-08), Liquidity Services's current stock price is €17.60. Liquidity Services's E10 for the quarter that ended in Mar. 2024 was €-0.50. Liquidity Services's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Liquidity Services was 374.67. The lowest was 12.48. And the median was 25.26.


Liquidity Services E10 Historical Data

The historical data trend for Liquidity Services'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.

Liquidity Services E10 Chart

Liquidity Services Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -0.35 -0.28 -0.38 -0.47

Liquidity Services 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 -0.40 -0.44 -0.47 -0.47 -0.50

Competitive Comparison of Liquidity Services's E10

For the Internet Retail subindustry, Liquidity Services'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.


Liquidity Services's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Liquidity Services's Shiller PE Ratio falls into.



Liquidity Services 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, Liquidity Services'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)
=0.166/131.7762*131.7762
=0.166

Current CPI (Mar. 2024) = 131.7762.

Liquidity Services Quarterly Data

per share eps CPI Adj_EPS
201406 0.434 100.560 0.569
201409 -0.016 100.428 -0.021
201412 -1.736 99.070 -2.309
201503 0.046 99.621 0.061
201506 0.045 100.684 0.059
201509 -1.301 100.392 -1.708
201512 -0.156 99.792 -0.206
201603 -0.027 100.470 -0.035
201606 -0.004 101.688 -0.005
201609 -1.559 101.861 -2.017
201612 -0.256 101.863 -0.331
201703 -0.243 102.862 -0.311
201706 -0.240 103.349 -0.306
201709 -0.378 104.136 -0.478
201712 -0.034 104.011 -0.043
201803 -0.146 105.290 -0.183
201806 -0.103 106.317 -0.128
201809 -0.026 106.507 -0.032
201812 -0.132 105.998 -0.164
201903 -0.115 107.251 -0.141
201906 -0.124 108.070 -0.151
201909 -0.136 108.329 -0.165
201912 -0.135 108.420 -0.164
202003 -0.118 108.902 -0.143
202006 0.009 108.767 0.011
202009 0.136 109.815 0.163
202012 0.107 109.897 0.128
202103 0.126 111.754 0.149
202106 0.199 114.631 0.229
202109 0.791 115.734 0.901
202112 0.089 117.630 0.100
202203 0.318 121.301 0.345
202206 0.473 125.017 0.499
202209 0.253 125.227 0.266
202212 0.113 125.222 0.119
202303 0.121 127.348 0.125
202306 0.194 128.729 0.199
202309 0.178 129.860 0.181
202312 0.055 129.419 0.056
202403 0.166 131.776 0.166

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


Liquidity Services  (FRA:L1S) 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.

During the past 13 years, the highest Shiller P/E Ratio of Liquidity Services was 374.67. The lowest was 12.48. And the median was 25.26.


Be Aware

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


Liquidity Services E10 Related Terms

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


Liquidity Services (FRA:L1S) Business Description

Traded in Other Exchanges
Address
6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.

Liquidity Services (FRA:L1S) Headlines

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