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Trex Co (FRA:TRR) E10 : €1.28 (As of Mar. 2024)


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What is Trex Co 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.

Trex Co's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.754. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Trex Co's average E10 Growth Rate was 21.90% per year. During the past 3 years, the average E10 Growth Rate was 26.60% per year. During the past 5 years, the average E10 Growth Rate was 32.60% 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 Trex Co was 111.00% per year. The lowest was -26.00% per year. And the median was 36.45% per year.

As of today (2024-06-10), Trex Co's current stock price is €73.56. Trex Co's E10 for the quarter that ended in Mar. 2024 was €1.28. Trex Co's Shiller PE Ratio of today is 57.47.

During the past 13 years, the highest Shiller PE Ratio of Trex Co was 1229.00. The lowest was 38.42. And the median was 115.63.


Trex Co E10 Historical Data

The historical data trend for Trex Co'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.

Trex Co E10 Chart

Trex Co 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 0.42 0.51 0.76 1.01 1.18

Trex Co 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 1.03 1.10 1.22 1.18 1.28

Competitive Comparison of Trex Co's E10

For the Building Products & Equipment subindustry, Trex Co'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.


Trex Co's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trex Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Trex Co's Shiller PE Ratio falls into.



Trex Co 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, Trex Co'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)
=0.754/131.7762*131.7762
=0.754

Current CPI (Mar. 2024) = 131.7762.

Trex Co Quarterly Data

per share eps CPI Adj_EPS
201406 0.085 100.560 0.111
201409 0.054 100.428 0.071
201412 0.032 99.070 0.043
201503 0.127 99.621 0.168
201506 0.129 100.684 0.169
201509 0.027 100.392 0.035
201512 0.060 99.792 0.079
201603 0.177 100.470 0.232
201606 0.178 101.688 0.231
201609 0.058 101.861 0.075
201612 0.104 101.863 0.135
201703 0.222 102.862 0.284
201706 0.218 103.349 0.278
201709 0.143 104.136 0.181
201712 0.131 104.011 0.166
201803 0.255 105.290 0.319
201806 0.312 106.317 0.387
201809 0.214 106.507 0.265
201812 0.189 105.998 0.235
201903 0.239 107.251 0.294
201906 0.270 108.070 0.329
201909 0.327 108.329 0.398
201912 0.275 108.420 0.334
202003 0.326 108.902 0.394
202006 0.364 108.767 0.441
202009 0.314 109.815 0.377
202012 0.304 109.897 0.365
202103 0.353 111.754 0.416
202106 0.440 114.631 0.506
202109 0.544 115.734 0.619
202112 0.195 117.630 0.218
202203 0.563 121.301 0.612
202206 0.747 125.017 0.787
202209 0.131 125.227 0.138
202212 0.085 125.222 0.089
202303 0.355 127.348 0.367
202306 0.655 128.729 0.671
202309 0.562 129.860 0.570
202312 0.183 129.419 0.186
202403 0.754 131.776 0.754

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


Trex Co  (FRA:TRR) 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.

Trex Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=73.56/1.28
=57.47

* 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 Trex Co was 1229.00. The lowest was 38.42. And the median was 115.63.


Be Aware

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


Trex Co E10 Related Terms

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


Trex Co (FRA:TRR) Business Description

Traded in Other Exchanges
Address
160 Exeter Drive, Winchester, VA, USA, 22603-8605
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in two reportable segments Trex Residential and Trex Commercial. The majority of revenue is derived from the Trex Residential segment.

Trex Co (FRA:TRR) Headlines