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Keysight Technologies (BSP:K1SG34) E10 : R$9.70 (As of Apr. 2024)


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What is Keysight Technologies 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.

Keysight Technologies's adjusted earnings per share data for the three months ended in Apr. 2024 was R$1.847. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$9.70 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Keysight Technologies's average E10 Growth Rate was 7.10% 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.

As of today (2024-05-26), Keysight Technologies's current stock price is R$378.48. Keysight Technologies's E10 for the quarter that ended in Apr. 2024 was R$9.70. Keysight Technologies's Shiller PE Ratio of today is 39.02.

During the past 13 years, the highest Shiller PE Ratio of Keysight Technologies was 54.49. The lowest was 32.78. And the median was 45.13.


Keysight Technologies E10 Historical Data

The historical data trend for Keysight Technologies'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.

Keysight Technologies E10 Chart

Keysight Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 9.05 9.27

Keysight Technologies Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 8.74 9.11 9.27 9.20 9.70

Competitive Comparison of Keysight Technologies's E10

For the Scientific & Technical Instruments subindustry, Keysight Technologies'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.


Keysight Technologies's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Keysight Technologies's Shiller PE Ratio distribution charts can be found below:

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



Keysight Technologies 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, Keysight Technologies's adjusted earnings per share data for the three months ended in Apr. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1.847/131.7762*131.7762
=1.847

Current CPI (Apr. 2024) = 131.7762.

Keysight Technologies Quarterly Data

per share eps CPI Adj_EPS
201407 0.713 100.520 0.935
201410 0.741 100.176 0.975
201501 0.540 98.604 0.722
201504 0.852 99.824 1.125
201507 0.662 100.691 0.866
201510 3.120 100.346 4.097
201601 0.750 99.957 0.989
201604 0.909 100.947 1.187
201607 0.869 101.524 1.128
201610 0.860 101.988 1.111
201701 1.005 102.456 1.293
201704 0.424 103.167 0.542
201707 -0.160 103.278 -0.204
201710 -0.319 104.070 -0.404
201801 0.803 104.578 1.012
201804 0.580 105.708 0.723
201807 1.204 106.324 1.492
201810 -1.147 106.695 -1.417
201901 1.121 106.200 1.391
201904 1.559 107.818 1.905
201907 1.568 108.250 1.909
201910 2.082 108.577 2.527
202001 1.785 108.841 2.161
202004 0.984 108.173 1.199
202007 2.452 109.318 2.956
202010 3.235 109.861 3.880
202101 2.469 110.364 2.948
202104 2.756 112.673 3.223
202107 3.510 115.183 4.016
202110 4.212 116.696 4.756
202201 3.429 118.619 3.809
202204 3.352 121.978 3.621
202207 5.019 125.002 5.291
202210 4.359 125.734 4.568
202301 3.764 126.223 3.930
202304 3.967 127.992 4.084
202307 3.864 128.974 3.948
202310 3.236 129.810 3.285
202401 2.410 130.124 2.441
202404 1.847 131.776 1.847

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


Keysight Technologies  (BSP:K1SG34) 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.

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

Shiller PE Ratio=Share Price/E10
=378.48/9.7
=39.02

* 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 Keysight Technologies was 54.49. The lowest was 32.78. And the median was 45.13.


Be Aware

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


Keysight Technologies E10 Related Terms

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


Keysight Technologies (BSP:K1SG34) Business Description

Traded in Other Exchanges
Address
1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

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