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Export Investment (XTAE:EXPO) E10 : ₪6.00 (As of Dec. 2023)


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What is Export Investment 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.

Export Investment's adjusted earnings per share data for the three months ended in Dec. 2023 was ₪1.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪6.00 for the trailing ten years ended in Dec. 2023.

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 (2024-06-10), Export Investment's current stock price is ₪44.67. Export Investment's E10 for the quarter that ended in Dec. 2023 was ₪6.00. Export Investment's Shiller PE Ratio of today is 7.45.

During the past 11 years, the highest Shiller PE Ratio of Export Investment was 7.66. The lowest was 6.70. And the median was 7.22.


Export Investment E10 Historical Data

The historical data trend for Export Investment'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.

Export Investment E10 Chart

Export Investment 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 - - - - 6.00

Export Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - 6.00

Competitive Comparison of Export Investment's E10

For the Banks - Regional subindustry, Export Investment'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.


Export Investment's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Export Investment's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Export Investment's Shiller PE Ratio falls into.



Export Investment 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, Export Investment's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.55/129.4194*129.4194
=1.550

Current CPI (Dec. 2023) = 129.4194.

Export Investment Quarterly Data

per share eps CPI Adj_EPS
201312 0.000 98.326 0.000
201406 0.770 100.560 0.991
201409 0.920 100.428 1.186
201412 0.150 99.070 0.196
201503 1.020 99.621 1.325
201506 0.740 100.684 0.951
201509 0.470 100.392 0.606
201512 0.170 99.792 0.220
201603 1.290 100.470 1.662
201606 1.020 101.688 1.298
201609 0.420 101.861 0.534
201612 0.070 101.863 0.089
201703 0.210 102.862 0.264
201706 0.110 103.349 0.138
201709 0.620 104.136 0.771
201712 0.450 104.011 0.560
201803 1.150 105.290 1.414
201806 1.120 106.317 1.363
201809 2.150 106.507 2.613
201812 0.790 105.998 0.965
201903 0.440 107.251 0.531
201906 1.760 108.070 2.108
201909 0.590 108.329 0.705
201912 2.670 108.420 3.187
202003 0.780 108.902 0.927
202006 0.500 108.767 0.595
202009 0.140 109.815 0.165
202012 1.040 109.897 1.225
202103 1.510 111.754 1.749
202106 3.280 114.631 3.703
202109 2.310 115.734 2.583
202112 2.840 117.630 3.125
202203 1.040 121.301 1.110
202206 3.440 125.017 3.561
202209 3.410 125.227 3.524
202212 3.210 125.222 3.318
202303 2.980 127.348 3.028
202306 1.980 128.729 1.991
202309 2.640 129.860 2.631
202312 1.550 129.419 1.550

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


Export Investment  (XTAE:EXPO) 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.

Export Investment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=44.67/6
=7.45

* 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 11 years, the highest Shiller P/E Ratio of Export Investment was 7.66. The lowest was 6.70. And the median was 7.22.


Be Aware

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


Export Investment E10 Related Terms

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


Export Investment (XTAE:EXPO) Business Description

Traded in Other Exchanges
N/A
Address
Shalom Tower, 9 Ehad Ha'am Street, Tel Aviv, ISR
Website
Export Investment Corp Ltd owns and operates Bank of Jerusalem. It provides commercial and international banking services. It offers real estate loans, mortgages, and financing of residential construction, among others.