GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Acceptance Corp (OTCPK:FACO) » Definitions » E10

FACO (First Acceptance) E10 : $0.09 (As of Jun. 2024)


View and export this data going back to 1972. Start your Free Trial

What is First Acceptance 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.

First Acceptance's adjusted earnings per share data for the three months ended in Jun. 2024 was $0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.09 for the trailing ten years ended in Jun. 2024.

During the past 12 months, First Acceptance's average E10 Growth Rate was 28.60% 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 First Acceptance was 57.00% per year. The lowest was -74.40% per year. And the median was -5.70% per year.

As of today (2024-10-09), First Acceptance's current stock price is $3.10. First Acceptance's E10 for the quarter that ended in Jun. 2024 was $0.09. First Acceptance's Shiller PE Ratio of today is 34.44.

During the past 13 years, the highest Shiller PE Ratio of First Acceptance was 124.50. The lowest was 9.31. And the median was 17.72.


First Acceptance E10 Historical Data

The historical data trend for First Acceptance'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.

First Acceptance E10 Chart

First Acceptance 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 -0.15 -0.13 0.08 0.07 -

First Acceptance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 0.07 0.07 - 0.08 0.09

Competitive Comparison of First Acceptance's E10

For the Insurance - Specialty subindustry, First Acceptance'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.


First Acceptance's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, First Acceptance's Shiller PE Ratio distribution charts can be found below:

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



First Acceptance 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, First Acceptance's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.15/132.5538*132.5538
=0.150

Current CPI (Jun. 2024) = 132.5538.

First Acceptance Quarterly Data

per share eps CPI Adj_EPS
201406 0.080 100.560 0.105
201409 0.050 100.428 0.066
201412 0.530 99.070 0.709
201503 0.010 99.621 0.013
201506 0.010 100.684 0.013
201509 -0.070 100.392 -0.092
201512 0.010 99.792 0.013
201603 -0.130 100.470 -0.172
201606 -0.480 101.688 -0.626
201609 -0.010 101.861 -0.013
201612 -0.090 101.863 -0.117
201703 0.020 102.862 0.026
201706 -0.020 103.349 -0.026
201709 0.050 104.136 0.064
201712 -0.250 104.011 -0.319
201803 0.130 105.290 0.164
201806 0.110 106.317 0.137
201809 0.120 106.507 0.149
201812 0.060 105.998 0.075
201903 0.160 107.251 0.198
201906 0.140 108.070 0.172
201909 0.120 108.329 0.147
201912 -0.050 108.420 -0.061
202003 -0.040 108.902 -0.049
202006 0.170 108.767 0.207
202009 0.100 109.815 0.121
202012 0.050 109.897 0.060
202103 0.050 111.754 0.059
202106 0.070 114.631 0.081
202109 -0.010 115.734 -0.011
202112 -0.150 117.630 -0.169
202203 -0.080 121.301 -0.087
202206 -0.090 125.017 -0.095
202209 -0.230 125.227 -0.243
202212 -0.050 125.222 -0.053
202303 0.030 127.348 0.031
202306 0.080 128.729 0.082
202312 0.000 129.419 0.000
202403 0.180 131.776 0.181
202406 0.150 132.554 0.150

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


First Acceptance  (OTCPK:FACO) 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.

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

Shiller PE Ratio=Share Price/E10
=3.10/0.09
=34.44

* 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 First Acceptance was 124.50. The lowest was 9.31. And the median was 17.72.


Be Aware

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


First Acceptance E10 Related Terms

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


First Acceptance Business Description

Traded in Other Exchanges
N/A
Address
3813 Green Hills Village Drive, Nashville, TN, USA, 37215
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
Executives
Rhodes R Bobbitt director 4500 ROLAND, #905, DALLAS TX 75219
Kenneth D Russell director 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Brent J Gay officer: Chief Financial Officer 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Olson Lyndon L Jr director 3812 GREENLEAF DRIVE, WACO TX 76710
Jeremy B Ford director
Mark A Kelly officer: Interim CEO & President 5722 WEST HANOVER, DALLAS TX 75209
Joseph S. Borbely officer: President 1572 VANDAGRIFF WAY, CORONA CA 92883
John R Barnett officer: Sr. Vice President of Finance 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Daniel L. Walker officer: Sr. VP of Operations 3322 WEST END AVENUE, NASHVILLE TN 37203
Harrison Thomas Marshall Jr director, 10 percent owner, officer: Exec. VP & Secretary 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Gerald J Ford director, 10 percent owner, officer: Chairman 200 CRESCENT CT STE 1350, DALLAS TX 75201
Keith E. Bornemann officer: Corporate Controller 3322 WEST END AVENUE, NASHVILLE TN 37203
Shipp William A Jr director 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027
Kevin P Cohn officer: VP & Chief Accounting Officer 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027