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Assa Abloy AB (Assa Abloy AB) E10

: $0.47 (As of Dec. 2023)
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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.

Assa Abloy AB's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.174. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.47 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Assa Abloy AB's average E10 Growth Rate was 11.60% per year. During the past 3 years, the average E10 Growth Rate was 15.70% per year. During the past 5 years, the average E10 Growth Rate was 14.10% 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 Assa Abloy AB was 15.70% per year. The lowest was -1.20% per year. And the median was 8.00% per year.

As of today (2024-04-20), Assa Abloy AB's current stock price is $13.87. Assa Abloy AB's E10 for the quarter that ended in Dec. 2023 was $0.47. Assa Abloy AB's Shiller PE Ratio of today is 29.51.

During the past 13 years, the highest Shiller PE Ratio of Assa Abloy AB was 44.36. The lowest was 24.68. And the median was 33.80.


Assa Abloy AB E10 Historical Data

The historical data trend for Assa Abloy AB'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.

Assa Abloy AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.37 0.39 0.41 0.47

Assa Abloy AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.41 0.42 0.42 0.42 0.47

Competitive Comparison

For the Security & Protection Services subindustry, Assa Abloy AB'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.


Assa Abloy AB Shiller PE Ratio Distribution

For the Business Services industry and Industrials sector, Assa Abloy AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Assa Abloy AB's Shiller PE Ratio falls into.



Assa Abloy AB 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, Assa Abloy AB'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)
=0.174/130.9575*130.9575
=0.174

Current CPI (Dec. 2023) = 130.9575.

Assa Abloy AB Quarterly Data

per share eps CPI Adj_EPS
201403 0.089 99.788 0.117
201406 0.103 100.432 0.134
201409 0.110 100.161 0.144
201412 0.111 100.225 0.145
201503 0.085 99.950 0.111
201506 0.103 99.995 0.135
201509 0.111 100.228 0.145
201512 0.112 100.276 0.146
201603 0.088 100.751 0.114
201606 0.110 101.019 0.143
201609 0.112 101.138 0.145
201612 0.042 102.022 0.054
201703 0.097 102.022 0.125
201706 0.113 102.752 0.144
201709 0.121 103.279 0.153
201712 0.127 103.793 0.160
201803 0.107 103.962 0.135
201806 -0.165 104.875 -0.206
201809 0.120 105.679 0.149
201812 0.081 105.912 0.100
201903 0.108 105.886 0.134
201906 0.123 106.742 0.151
201909 0.125 107.214 0.153
201912 0.120 107.766 0.146
202003 0.085 106.563 0.104
202006 0.068 107.498 0.083
202009 0.225 107.635 0.274
202012 0.080 108.296 0.097
202103 0.119 108.360 0.144
202106 0.172 108.928 0.207
202109 0.124 110.338 0.147
202112 0.151 112.486 0.176
202203 0.134 114.825 0.153
202206 0.142 118.384 0.157
202209 0.147 122.296 0.157
202212 0.162 126.365 0.168
202303 0.116 127.042 0.120
202306 0.150 129.407 0.152
202309 0.138 130.224 0.139
202312 0.174 130.958 0.174

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


Assa Abloy AB  (OTCPK:ASAZY) 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.

Assa Abloy AB's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.87/0.47
=29.51

* 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 Assa Abloy AB was 44.36. The lowest was 24.68. And the median was 33.80.


Be Aware

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


Assa Abloy AB E10 Related Terms

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


Assa Abloy AB (Assa Abloy AB) Business Description

Address
Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23
Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Three quarters of its revenue comes from government, commercial, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.