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Appulse (TSXV:APL) E10 : C$0.05 (As of Dec. 2023)


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What is Appulse 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.

Appulse's adjusted earnings per share data for the three months ended in Dec. 2023 was C$0.083. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.05 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average E10 Growth Rate was 35.70% 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 Appulse was 35.70% per year. The lowest was 35.70% per year. And the median was 35.70% per year.

As of today (2024-05-23), Appulse's current stock price is C$0.45. Appulse's E10 for the quarter that ended in Dec. 2023 was C$0.05. Appulse's Shiller PE Ratio of today is 9.00.

During the past 13 years, the highest Shiller PE Ratio of Appulse was 25.00. The lowest was 4.75. And the median was 11.00.


Appulse E10 Historical Data

The historical data trend for Appulse'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.

Appulse E10 Chart

Appulse 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 0.02 0.02 - - 0.05

Appulse 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 - 0.03 0.04 0.04 0.05

Competitive Comparison of Appulse's E10

For the Pollution & Treatment Controls subindustry, Appulse'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.


Appulse's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Appulse's Shiller PE Ratio distribution charts can be found below:

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



Appulse 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, Appulse'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)
=0.083/125.0724*125.0724
=0.083

Current CPI (Dec. 2023) = 125.0724.

Appulse Quarterly Data

per share eps CPI Adj_EPS
201403 0.010 98.604 0.013
201406 0.002 99.473 0.003
201409 -0.002 99.394 -0.003
201412 0.004 98.367 0.005
201503 0.010 99.789 0.013
201506 0.004 100.500 0.005
201509 0.002 100.421 0.002
201512 0.000 99.947 0.000
201603 0.001 101.054 0.001
201606 0.010 102.002 0.012
201609 0.002 101.765 0.002
201612 0.000 101.449 0.000
201703 0.001 102.634 0.001
201706 0.001 103.029 0.001
201709 0.003 103.345 0.004
201712 -0.002 103.345 -0.002
201803 0.001 105.004 0.001
201806 0.010 105.557 0.012
201809 0.004 105.636 0.005
201812 0.000 105.399 0.000
201903 0.005 106.979 0.006
201906 0.020 107.690 0.023
201909 0.010 107.611 0.012
201912 0.030 107.769 0.035
202003 0.010 107.927 0.012
202006 0.030 108.401 0.035
202009 0.020 108.164 0.023
202012 0.030 108.559 0.035
202103 0.020 110.298 0.023
202106 0.020 111.720 0.022
202109 0.010 112.905 0.011
202112 0.000 113.774 0.000
202203 0.002 117.646 0.002
202206 0.004 120.806 0.004
202209 0.010 120.648 0.010
202212 0.000 120.964 0.000
202303 0.003 122.702 0.003
202306 0.020 124.203 0.020
202309 0.004 125.230 0.004
202312 0.083 125.072 0.083

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


Appulse  (TSXV:APL) 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.

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

Shiller PE Ratio=Share Price/E10
=0.45/0.05
=9.00

* 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 Appulse was 25.00. The lowest was 4.75. And the median was 11.00.


Be Aware

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


Appulse E10 Related Terms

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


Appulse (TSXV:APL) Business Description

Traded in Other Exchanges
N/A
Address
3504 - 64 Avenue S.E., Calgary, AB, CAN, T2C 1P4
Appulse Corp along with its subsidiaries is engaged in selling new and refurbished centrifuge machines and parts. It provides maintenance services, consulting and design advice to industries throughout North America and internationally. The company also manufactures parts using state-of-the-art machining and milling equipment and provides machining services for equipment repairs. It generates a majority of its revenue from product and service sales. Geographically, the company gets a major share of revenue from Canada followed by the United States.

Appulse (TSXV:APL) Headlines

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