PNNT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PNNT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
Pennant Park Investment's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.51 for the trailing ten years ended in Mar. 2024.
During the past 12 months, Pennant Park Investment's average E10 Growth Rate was -19.00% per year. During the past 3 years, the average E10 Growth Rate was -3.50% per year. During the past 5 years, the average E10 Growth Rate was -4.40% 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 Pennant Park Investment was 3.60% per year. The lowest was -3.50% per year. And the median was 1.25% per year.
As of today (2024-06-10), Pennant Park Investment's current stock price is $7.72. Pennant Park Investment's E10 for the quarter that ended in Mar. 2024 was $0.51. Pennant Park Investment's Shiller PE Ratio of today is 15.14.
During the past 13 years, the highest Shiller PE Ratio of Pennant Park Investment was 17.85. The lowest was 3.05. And the median was 8.01.
The historical data trend for Pennant Park 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.
Pennant Park Investment 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 | 0.63 | 0.64 | 0.62 | 0.56 | 0.51 |
For the Asset Management subindustry, Pennant Park 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.
For the Asset Management industry and Financial Services sector, Pennant Park Investment's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Pennant Park Investment's Shiller PE Ratio falls into.
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, Pennant Park Investment'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) |
= | 0.25 | / | 131.7762 | * | 131.7762 | |
= | 0.250 |
Current CPI (Mar. 2024) = 131.7762.
Pennant Park Investment Quarterly Data
per share eps | CPI | Adj_EPS | |
201406 | 0.480 | 100.560 | 0.629 |
201409 | -0.020 | 100.428 | -0.026 |
201412 | -0.320 | 99.070 | -0.426 |
201503 | 0.100 | 99.621 | 0.132 |
201506 | 0.070 | 100.684 | 0.092 |
201509 | 0.020 | 100.392 | 0.026 |
201512 | -0.560 | 99.792 | -0.739 |
201603 | 0.060 | 100.470 | 0.079 |
201606 | 0.390 | 101.688 | 0.505 |
201609 | 0.380 | 101.861 | 0.492 |
201612 | 0.340 | 101.863 | 0.440 |
201703 | 0.160 | 102.862 | 0.205 |
201706 | 0.260 | 103.349 | 0.332 |
201709 | 0.100 | 104.136 | 0.127 |
201712 | 0.180 | 104.011 | 0.228 |
201803 | 0.080 | 105.290 | 0.100 |
201806 | 0.240 | 106.317 | 0.297 |
201809 | 0.180 | 106.507 | 0.223 |
201812 | 0.100 | 105.998 | 0.124 |
201903 | -0.070 | 107.251 | -0.086 |
201906 | 0.080 | 108.070 | 0.098 |
201909 | 0.130 | 108.329 | 0.158 |
201912 | 0.290 | 108.420 | 0.352 |
202003 | -0.900 | 108.902 | -1.089 |
202006 | 0.230 | 108.767 | 0.279 |
202009 | 0.140 | 109.815 | 0.168 |
202012 | 1.060 | 109.897 | 1.271 |
202103 | 0.570 | 111.754 | 0.672 |
202106 | 0.480 | 114.631 | 0.552 |
202109 | 0.380 | 115.734 | 0.433 |
202112 | 0.380 | 117.630 | 0.426 |
202203 | 0.050 | 121.301 | 0.054 |
202206 | -0.280 | 125.017 | -0.295 |
202209 | -0.520 | 125.227 | -0.547 |
202212 | -1.100 | 125.222 | -1.158 |
202303 | 0.070 | 127.348 | 0.072 |
202306 | 0.320 | 128.729 | 0.328 |
202309 | 0.190 | 129.860 | 0.193 |
202312 | 0.160 | 129.419 | 0.163 |
202403 | 0.250 | 131.776 | 0.250 |
Add all the adjusted EPS together and divide 10 will get our e10.
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.
Pennant Park Investment's Shiller P/E Ratio of today is calculated as
Shiller PE Ratio | = | Share Price | / | E10 |
= | 7.72 | / | 0.51 | |
= | 15.14 |
* 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 Pennant Park Investment was 17.85. The lowest was 3.05. And the median was 8.01.
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Thank you for viewing the detailed overview of Pennant Park Investment's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Jose A Briones | director | 55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976 |
Samuel L Katz | director | 9 WEST 57TH ST, NEW YORK NY 10019 |
Arthur H Penn | officer: Chairman and CEO / Investment | |
Allorto Richard T Jr | officer: CFO and Treasurer | C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Richard Cheung | officer: See Remarks | C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017 |
Aviv Efrat | officer: CFO and Treasurer | C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Adam K Bernstein | director | C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Jeffrey Flug | director | C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Pennantpark Investment Corp | director, officer: Chairman and CEO/, other: Investment Adviser | 590 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022 |
Marshall Brozost | director | C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Williams P Whitridge Jr | other: Investment Adviser | C/O PENNANTPARK INVESTMENT ADVISERS, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Salvatore Iii Giannetti | other: Investment Adviser | C/O PENNANTPARK INVESTMENT ADVISERS, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
Geoffrey S Chang | other: Investment Adviser | C/O PENNANTPARK INVESTMENT ADVISERS, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022 |
From GuruFocus
By PurpleRose PurpleRose • 07-15-2022
By GuruFocus Research GuruFocus Editor • 12-18-2021
By GuruFocusNews GuruFocusNews • 05-06-2022
By GuruFocusNews GuruFocusNews • 06-15-2022
By GuruFocus Research • 10-16-2023
By Marketwired • 08-09-2023
By Stock market mentor Stock market mentor • 01-05-2023
By GuruFocusNews GuruFocusNews • 02-09-2022
By GuruFocusNews GuruFocusNews • 01-06-2022
By GuruFocusNews GuruFocusNews • 07-05-2022