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GSE Systems (GSE Systems) E10 : $-1.86 (As of Mar. 2024)


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What is GSE Systems 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.

GSE Systems's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.86 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -6.80% per year. During the past 5 years, the average E10 Growth Rate was -16.30% per year. During the past 10 years, the average E10 Growth Rate was -4.40% 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 GSE Systems was 30.00% per year. The lowest was -24.20% per year. And the median was 8.20% per year.

As of today (2024-05-28), GSE Systems's current stock price is $3.43. GSE Systems's E10 for the quarter that ended in Mar. 2024 was $-1.86. GSE Systems's Shiller PE Ratio of today is .


GSE Systems E10 Historical Data

The historical data trend for GSE Systems'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.

GSE Systems E10 Chart

GSE Systems 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 -1.17 -1.57 -1.35 -2.24 -1.91

GSE Systems 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 -2.33 -1.82 -1.84 -1.91 -1.86

Competitive Comparison of GSE Systems's E10

For the Software - Application subindustry, GSE Systems'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.


GSE Systems's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, GSE Systems's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GSE Systems's Shiller PE Ratio falls into.



GSE Systems 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, GSE Systems'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)
=-0.63/131.7762*131.7762
=-0.630

Current CPI (Mar. 2024) = 131.7762.

GSE Systems Quarterly Data

per share eps CPI Adj_EPS
201406 -1.100 100.560 -1.441
201409 -1.100 100.428 -1.443
201412 -0.500 99.070 -0.665
201503 -0.300 99.621 -0.397
201506 -0.800 100.684 -1.047
201509 -2.100 100.392 -2.757
201512 0.500 99.792 0.660
201603 0.100 100.470 0.131
201606 0.100 101.688 0.130
201609 0.100 101.861 0.129
201612 0.500 101.863 0.647
201703 -0.100 102.862 -0.128
201706 0.400 103.349 0.510
201709 -0.300 104.136 -0.380
201712 2.700 104.011 3.421
201803 -0.800 105.290 -1.001
201806 0.500 106.317 0.620
201809 -0.300 106.507 -0.371
201812 0.300 105.998 0.373
201903 -2.200 107.251 -2.703
201906 -0.100 108.070 -0.122
201909 -0.600 108.329 -0.730
201912 0.300 108.420 0.365
202003 -3.100 108.902 -3.751
202006 -1.100 108.767 -1.333
202009 -0.300 109.815 -0.360
202012 -0.700 109.897 -0.839
202103 -1.100 111.754 -1.297
202106 1.600 114.631 1.839
202109 5.500 115.734 6.262
202112 -0.900 117.630 -1.008
202203 -1.600 121.301 -1.738
202206 -0.700 125.017 -0.738
202209 -4.220 125.227 -4.441
202212 -0.700 125.222 -0.737
202303 -1.290 127.348 -1.335
202306 -0.600 128.729 -0.614
202309 -0.820 129.860 -0.832
202312 -0.820 129.419 -0.835
202403 -0.630 131.776 -0.630

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


GSE Systems  (NAS:GVP) 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.


GSE Systems E10 Related Terms

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


GSE Systems (GSE Systems) Business Description

Traded in Other Exchanges
N/A
Address
6940 Columbia Gateway Dr., Suite 470, Columbia, MD, USA, 21046
GSE Systems Inc is a company engaged in providing engineering, staffing, and simulation software to clients in the power and process industries. It is also into providing interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: Engineering segment and Workforce Solutions segment. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.
Executives
Dougherty Iii Thomas James director GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046
Kathryn O'connor director GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Bahram Meyssami officer: Chief Technology Officer C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784
Emmett Anthony Pepe officer: Chief Financial Officer 1515 JUDD COURT, HERNDON VA 20170
Donald Horn officer: President, GSE Engineering GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308
Daniel Warren Pugh officer: Chief Legal and Risk Officer C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784
Ravi Khanna officer: SVP Professional Services GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Kyle Justin Loudermilk director, officer: President & CEO 3525 WOODBINE STREET, CHEVY CHASE MD 20815
Brian Greene officer: VP, GSE Workforce Solutions GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Ngp Energy Technology Partners Ii, L.p. 10 percent owner 1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006
Energy Technology Partners, L.l.c. 10 percent owner 1700 K STREET NW, SUITE 750, WASHINGTON DC 20006
Philip J Deutch 10 percent owner PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006
Suresh Sundaram director C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6