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Western Forest Products (Western Forest Products) E10 : $0.12 (As of Mar. 2024)


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What is Western Forest 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.

Western Forest Products's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Western Forest Products's average E10 Growth Rate was -22.70% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 8.50% 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 Western Forest Products was 146.60% per year. The lowest was 6.70% per year. And the median was 15.40% per year.

As of today (2024-06-09), Western Forest Products's current stock price is $0.3659. Western Forest Products's E10 for the quarter that ended in Mar. 2024 was $0.12. Western Forest Products's Shiller PE Ratio of today is 3.05.

During the past 13 years, the highest Shiller PE Ratio of Western Forest Products was 280.00. The lowest was 2.91. And the median was 10.68.


Western Forest Products E10 Historical Data

The historical data trend for Western Forest 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.

Western Forest Products E10 Chart

Western Forest 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 0.12 0.11 0.16 0.16 0.13

Western Forest Products 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 0.16 0.15 0.14 0.13 0.12

Competitive Comparison of Western Forest Products's E10

For the Lumber & Wood Production subindustry, Western Forest 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.


Western Forest Products's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Western Forest Products's Shiller PE Ratio distribution charts can be found below:

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



Western Forest 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, Western Forest Products'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)
=-0.015/126.2576*126.2576
=-0.015

Current CPI (Mar. 2024) = 126.2576.

Western Forest Products Quarterly Data

per share eps CPI Adj_EPS
201406 0.065 99.473 0.083
201409 0.009 99.394 0.011
201412 0.026 98.367 0.033
201503 0.055 99.789 0.070
201506 0.040 100.500 0.050
201509 0.030 100.421 0.038
201512 0.015 99.947 0.019
201603 0.030 101.054 0.037
201606 0.047 102.002 0.058
201609 0.031 101.765 0.038
201612 0.067 101.449 0.083
201703 0.030 102.634 0.037
201706 0.045 103.029 0.055
201709 0.033 103.345 0.040
201712 0.039 103.345 0.048
201803 0.039 105.004 0.047
201806 0.053 105.557 0.063
201809 0.031 105.636 0.037
201812 0.015 105.399 0.018
201903 0.004 106.979 0.005
201906 -0.001 107.690 -0.001
201909 -0.038 107.611 -0.045
201912 -0.053 107.769 -0.062
202003 -0.043 107.927 -0.050
202006 0.015 108.401 0.017
202009 0.023 108.164 0.027
202012 0.073 108.559 0.085
202103 0.111 110.298 0.127
202106 0.172 111.720 0.194
202109 0.095 112.905 0.106
202112 0.070 113.774 0.078
202203 0.087 117.646 0.093
202206 0.094 120.806 0.098
202209 0.015 120.648 0.016
202212 -0.044 120.964 -0.046
202303 -0.037 122.702 -0.038
202306 -0.053 124.203 -0.054
202309 -0.037 125.230 -0.037
202312 -0.037 125.072 -0.037
202403 -0.015 126.258 -0.015

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


Western Forest Products  (OTCPK:WFSTF) 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.

Western Forest Products's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.3659/0.12
=3.05

* 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 Western Forest Products was 280.00. The lowest was 2.91. And the median was 10.68.


Be Aware

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


Western Forest Products E10 Related Terms

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


Western Forest Products (Western Forest Products) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3
Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.