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Arcelik AS (Arcelik AS) E10 : $0.71 (As of Mar. 2024)


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What is Arcelik AS 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.

Arcelik AS's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.102. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arcelik AS's average E10 Growth Rate was 35.20% per year. During the past 3 years, the average E10 Growth Rate was 41.30% per year. During the past 5 years, the average E10 Growth Rate was 32.20% 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 Arcelik AS was 41.30% per year. The lowest was 12.80% per year. And the median was 29.00% per year.

As of today (2024-05-19), Arcelik AS's current stock price is $23.42. Arcelik AS's E10 for the quarter that ended in Mar. 2024 was $0.71. Arcelik AS's Shiller PE Ratio of today is 32.99.

During the past 13 years, the highest Shiller PE Ratio of Arcelik AS was 47.80. The lowest was 0.58. And the median was 18.36.


Arcelik AS E10 Historical Data

The historical data trend for Arcelik AS'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.

Arcelik AS E10 Chart

Arcelik AS 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 1.02 0.96 0.78 0.75 0.74

Arcelik AS 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 0.89 0.52 0.59 0.74 0.71

Competitive Comparison of Arcelik AS's E10

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.


Arcelik AS's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Shiller PE Ratio distribution charts can be found below:

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



Arcelik AS 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, Arcelik AS'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)
=0.102/131.7762*131.7762
=0.102

Current CPI (Mar. 2024) = 131.7762.

Arcelik AS Quarterly Data

per share eps CPI Adj_EPS
201406 0.564 100.560 0.739
201409 0.520 100.428 0.682
201412 0.545 99.070 0.725
201503 0.403 99.621 0.533
201506 0.893 100.684 1.169
201509 0.521 100.392 0.684
201512 0.534 99.792 0.705
201603 0.398 100.470 0.522
201606 1.654 101.688 2.143
201609 0.656 101.861 0.849
201612 0.486 101.863 0.629
201703 0.485 102.862 0.621
201706 0.540 103.349 0.689
201709 0.546 104.136 0.691
201712 0.173 104.011 0.219
201803 0.337 105.290 0.422
201806 0.230 106.317 0.285
201809 0.293 106.507 0.363
201812 0.390 105.998 0.485
201903 0.306 107.251 0.376
201906 0.278 108.070 0.339
201909 0.312 108.329 0.380
201912 0.304 108.420 0.369
202003 0.298 108.902 0.361
202006 0.442 108.767 0.536
202009 1.003 109.815 1.204
202012 1.116 109.897 1.338
202103 1.053 111.754 1.242
202106 0.456 114.631 0.524
202109 0.572 115.734 0.651
202112 0.452 117.630 0.506
202203 0.603 121.301 0.655
202206 0.124 125.017 0.131
202209 0.151 125.227 0.159
202212 1.959 125.222 2.062
202303 0.560 127.348 0.579
202306 0.171 128.729 0.175
202309 0.305 129.860 0.310
202312 1.445 129.419 1.471
202403 0.102 131.776 0.102

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


Arcelik AS  (OTCPK:ACKAY) 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.

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

Shiller PE Ratio=Share Price/E10
=23.42/0.71
=32.99

* 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 Arcelik AS was 47.80. The lowest was 0.58. And the median was 18.36.


Be Aware

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


Arcelik AS E10 Related Terms

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


Arcelik AS (Arcelik AS) Business Description

Traded in Other Exchanges
Address
Karaagac Caddesi No 2-6, Sutluce, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. The company generates most of its revenue from white products. The company has factories in a number of countries, such as Turkey, Romania, Russia, China, South Africa, and Thailand. It has a worldwide business presence, including Turkey, Europe, Africa, and the Middle East, with Turkey and Western Europe as the largest markets.