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Natural Grocers by Vitamin Cottage (FRA:N2V) E10 : €0.80 (As of Mar. 2024)


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What is Natural Grocers by Vitamin Cottage 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.

Natural Grocers by Vitamin Cottage's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.322. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Natural Grocers by Vitamin Cottage's average E10 Growth Rate was 10.40% per year. During the past 3 years, the average E10 Growth Rate was 15.20% 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 Natural Grocers by Vitamin Cottage was 15.20% per year. The lowest was 15.20% per year. And the median was 15.20% per year.

As of today (2024-06-09), Natural Grocers by Vitamin Cottage's current stock price is €19.10. Natural Grocers by Vitamin Cottage's E10 for the quarter that ended in Mar. 2024 was €0.80. Natural Grocers by Vitamin Cottage's Shiller PE Ratio of today is 23.88.

During the past 13 years, the highest Shiller PE Ratio of Natural Grocers by Vitamin Cottage was 32.02. The lowest was 12.24. And the median was 20.08.


Natural Grocers by Vitamin Cottage E10 Historical Data

The historical data trend for Natural Grocers by Vitamin Cottage'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.

Natural Grocers by Vitamin Cottage E10 Chart

Natural Grocers by Vitamin Cottage 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 - 0.43 0.53 0.80 0.74

Natural Grocers by Vitamin Cottage 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 0.71 0.73 0.74 0.73 0.80

Competitive Comparison of Natural Grocers by Vitamin Cottage's E10

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage'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.


Natural Grocers by Vitamin Cottage's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Shiller PE Ratio falls into.



Natural Grocers by Vitamin Cottage 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, Natural Grocers by Vitamin Cottage'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)
=0.322/131.7762*131.7762
=0.322

Current CPI (Mar. 2024) = 131.7762.

Natural Grocers by Vitamin Cottage Quarterly Data

per share eps CPI Adj_EPS
201406 0.110 100.560 0.144
201409 0.109 100.428 0.143
201412 0.130 99.070 0.173
201503 0.222 99.621 0.294
201506 0.169 100.684 0.221
201509 0.116 100.392 0.152
201512 0.156 99.792 0.206
201603 0.144 100.470 0.189
201606 0.107 101.688 0.139
201609 0.062 101.861 0.080
201612 0.085 101.863 0.110
201703 0.122 102.862 0.156
201706 0.027 103.349 0.034
201709 0.050 104.136 0.063
201712 0.194 104.011 0.246
201803 0.122 105.290 0.153
201806 0.077 106.317 0.095
201809 0.077 106.507 0.095
201812 0.088 105.998 0.109
201903 0.150 107.251 0.184
201906 0.080 108.070 0.098
201909 0.054 108.329 0.066
201912 0.072 108.420 0.088
202003 0.389 108.902 0.471
202006 0.186 108.767 0.225
202009 0.136 109.815 0.163
202012 0.132 109.897 0.158
202103 0.176 111.754 0.208
202106 0.183 114.631 0.210
202109 0.272 115.734 0.310
202112 0.345 117.630 0.386
202203 0.254 121.301 0.276
202206 0.161 125.017 0.170
202209 0.091 125.227 0.096
202212 0.179 125.222 0.188
202303 0.243 127.348 0.251
202306 0.286 128.729 0.293
202309 0.244 129.860 0.248
202312 0.312 129.419 0.318
202403 0.322 131.776 0.322

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


Natural Grocers by Vitamin Cottage  (FRA:N2V) 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.

Natural Grocers by Vitamin Cottage's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.10/0.8
=23.88

* 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 Natural Grocers by Vitamin Cottage was 32.02. The lowest was 12.24. And the median was 20.08.


Be Aware

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


Natural Grocers by Vitamin Cottage E10 Related Terms

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


Natural Grocers by Vitamin Cottage (FRA:N2V) Business Description

Traded in Other Exchanges
Address
12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories, natural and organic food, dietary supplements, natural body care, household, pet care products, books and handouts. The company generates the majority of its revenue from grocery products and dietary supplements and rest from other products.

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