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Ryerson Holding (Ryerson Holding) E10 : $2.78 (As of Mar. 2024)


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What is Ryerson Holding 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.

Ryerson Holding's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ryerson Holding's average E10 Growth Rate was -6.70% per year. During the past 3 years, the average E10 Growth Rate was 43.00% 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 Ryerson Holding was 56.40% per year. The lowest was 43.00% per year. And the median was 49.70% per year.

As of today (2024-05-17), Ryerson Holding's current stock price is $23.53. Ryerson Holding's E10 for the quarter that ended in Mar. 2024 was $2.78. Ryerson Holding's Shiller PE Ratio of today is 8.46.

During the past 13 years, the highest Shiller PE Ratio of Ryerson Holding was 24.92. The lowest was 4.76. And the median was 12.26.


Ryerson Holding E10 Historical Data

The historical data trend for Ryerson Holding'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.

Ryerson Holding E10 Chart

Ryerson Holding 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 0.74 0.96 1.85 2.83 2.81

Ryerson Holding 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 2.98 3.12 3.24 2.81 2.78

Competitive Comparison of Ryerson Holding's E10

For the Metal Fabrication subindustry, Ryerson Holding'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.


Ryerson Holding's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ryerson Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ryerson Holding's Shiller PE Ratio falls into.



Ryerson Holding 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, Ryerson Holding'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)
=-0.22/131.7762*131.7762
=-0.220

Current CPI (Mar. 2024) = 131.7762.

Ryerson Holding Quarterly Data

per share eps CPI Adj_EPS
201406 0.081 100.560 0.106
201409 -1.260 100.428 -1.653
201412 0.300 99.070 0.399
201503 -0.080 99.621 -0.106
201506 0.490 100.684 0.641
201509 0.210 100.392 0.276
201512 -0.640 99.792 -0.845
201603 0.420 100.470 0.551
201606 0.170 101.688 0.220
201609 0.230 101.861 0.298
201612 -0.230 101.863 -0.298
201703 0.400 102.862 0.512
201706 0.020 103.349 0.026
201709 0.050 104.136 0.063
201712 0.000 104.011 0.000
201803 0.280 105.290 0.350
201806 0.460 106.317 0.570
201809 2.060 106.507 2.549
201812 0.010 105.998 0.012
201903 0.780 107.251 0.958
201906 0.430 108.070 0.524
201909 0.270 108.329 0.328
201912 0.690 108.420 0.839
202003 0.430 108.902 0.520
202006 -0.670 108.767 -0.812
202009 -1.050 109.815 -1.260
202012 -0.440 109.897 -0.528
202103 0.660 111.754 0.778
202106 2.910 114.631 3.345
202109 1.270 115.734 1.446
202112 2.710 117.630 3.036
202203 4.170 121.301 4.530
202206 5.100 125.017 5.376
202209 1.460 125.227 1.536
202212 -0.650 125.222 -0.684
202303 1.270 127.348 1.314
202306 1.060 128.729 1.085
202309 1.000 129.860 1.015
202312 0.760 129.419 0.774
202403 -0.220 131.776 -0.220

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


Ryerson Holding  (NYSE:RYI) 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.

Ryerson Holding's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.53/2.78
=8.46

* 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 13 years, the highest Shiller P/E Ratio of Ryerson Holding was 24.92. The lowest was 4.76. And the median was 12.26.


Be Aware

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


Ryerson Holding E10 Related Terms

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


Ryerson Holding (Ryerson Holding) Business Description

Traded in Other Exchanges
Address
227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
Executives
Alagu Sundarrajan officer: Chief Information Officer 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Edward J. Lehner director, officer: President & CEO C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Mark S. Silver officer: EVP, GC & Chief HR Officer C/O RYERSON HOLDING CORPORATION, 227 W MONROE ST, 27TH FLOOR, CHICAGO IL 60606
Molly D Kannan officer: CAO & Corporate Controller 227 W MONROE ST 27TH FLOOR, CHICAGO IL 60606
Kirk K Calhoun director 8285 EL RIO STREET, SUITE 130, HOUSTON TX 77054
Carruthers Court D director C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Stephen P. Larson director C/O RYERSON HOLDING CORPORATION, 227 WEST MONROE, 27TH FLOOR, CHICAGO IL 60606
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
James J Claussen officer: Executive Vice President & CFO 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
John E Orth officer: EVP, Operations 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Michael Burbach officer: Chief Operating Officer C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Ryps, Llc 10 percent owner 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Ii, Llc 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Ii, Llc 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210