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Installed Building Products (Installed Building Products) E10 : $3.38 (As of Dec. 2023)


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What is Installed Building Products 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.

Installed Building Products's adjusted earnings per share data for the three months ended in Dec. 2023 was $2.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.38 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Installed Building Products's average E10 Growth Rate was 39.10% 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.

As of today (2024-04-27), Installed Building Products's current stock price is $239.66. Installed Building Products's E10 for the quarter that ended in Dec. 2023 was $3.38. Installed Building Products's Shiller PE Ratio of today is 70.91.

During the past 13 years, the highest Shiller PE Ratio of Installed Building Products was 76.55. The lowest was 34.36. And the median was 45.46.


Installed Building Products E10 Historical Data

The historical data trend for Installed Building Products'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.

Installed Building Products E10 Chart

Installed Building Products 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 - - 2.39 2.43 3.38

Installed Building Products 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 2.43 2.66 2.91 3.17 3.38

Competitive Comparison of Installed Building Products's E10

For the Residential Construction subindustry, Installed Building Products'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.


Installed Building Products's Shiller PE Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Installed Building Products's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Installed Building Products's Shiller PE Ratio falls into.



Installed Building Products 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, Installed Building Products'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)
=2.29/129.4194*129.4194
=2.290

Current CPI (Dec. 2023) = 129.4194.

Installed Building Products Quarterly Data

per share eps CPI Adj_EPS
201403 -0.760 99.695 -0.987
201406 0.070 100.560 0.090
201409 0.190 100.428 0.245
201412 0.160 99.070 0.209
201503 0.040 99.621 0.052
201506 0.210 100.684 0.270
201509 0.300 100.392 0.387
201512 0.300 99.792 0.389
201603 0.190 100.470 0.245
201606 0.320 101.688 0.407
201609 0.370 101.861 0.470
201612 0.350 101.863 0.445
201703 0.200 102.862 0.252
201706 0.378 103.349 0.473
201709 0.380 104.136 0.472
201712 0.340 104.011 0.423
201803 0.200 105.290 0.246
201806 0.520 106.317 0.633
201809 0.500 106.507 0.608
201812 0.540 105.998 0.659
201903 0.300 107.251 0.362
201906 0.630 108.070 0.754
201909 0.710 108.329 0.848
201912 0.640 108.420 0.764
202003 0.530 108.902 0.630
202006 0.860 108.767 1.023
202009 0.950 109.815 1.120
202012 0.940 109.897 1.107
202103 0.580 111.754 0.672
202106 1.260 114.631 1.423
202109 1.180 115.734 1.320
202112 0.990 117.630 1.089
202203 1.140 121.301 1.216
202206 2.070 125.017 2.143
202209 2.130 125.227 2.201
202212 2.420 125.222 2.501
202303 1.740 127.348 1.768
202306 2.180 128.729 2.192
202309 2.400 129.860 2.392
202312 2.290 129.419 2.290

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


Installed Building Products  (NYSE:IBP) 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.

Installed Building Products's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=239.66/3.38
=70.91

* 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 Installed Building Products was 76.55. The lowest was 34.36. And the median was 45.46.


Be Aware

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


Installed Building Products E10 Related Terms

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


Installed Building Products (Installed Building Products) Business Description

Traded in Other Exchanges
Address
495 South High Street, Suite 50, Columbus, OH, USA, 43215
Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.
Executives
Michael Thomas Miller director, officer: See Remarks C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
William Jeffrey Hire officer: President of External Affairs C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Todd R Fry officer: Chief Accounting Officer CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968
Jeffrey W. Edwards director, 10 percent owner, officer: President, CEO & Chairman C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Marchelle E Moore director C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Janet E. Jackson director C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Margot Lebenberg Carter director C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Jay P. Elliott officer: Chief Operating Offier C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Michael H Thomas director 100 E CAMPUS VIEW BLVD STE 170, C/O TEAM AMERICA, COLUMBUS OH 43235
Lawrence A. Hilsheimer director 425 WINTER ROAD, DELAWARE OH 43015
Jason R Niswonger officer: SVP, Finance & IR C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Vikas Verma director C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
David R Meuse director 191 WEST NATIONWIDE BLVD, COLUMBUS OH 43215
J Michael Nixon director, 10 percent owner C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Installed Building Systems, Inc. director, 10 percent owner, other: Director by Deputization 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215