GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TechTarget Inc (FRA:EFT) » Definitions » E10

TechTarget (FRA:EFT) E10 : €0.37 (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is TechTarget 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.

TechTarget's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.322. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TechTarget's average E10 Growth Rate was -4.80% per year. During the past 3 years, the average E10 Growth Rate was 16.80% per year. During the past 5 years, the average E10 Growth Rate was 27.60% 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 TechTarget was 71.00% per year. The lowest was 16.80% per year. And the median was 31.00% per year.

As of today (2024-05-23), TechTarget's current stock price is €27.40. TechTarget's E10 for the quarter that ended in Mar. 2024 was €0.37. TechTarget's Shiller PE Ratio of today is 74.05.

During the past 13 years, the highest Shiller PE Ratio of TechTarget was 365.37. The lowest was 56.13. And the median was 151.79.


TechTarget E10 Historical Data

The historical data trend for TechTarget'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.

TechTarget E10 Chart

TechTarget 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 0.18 0.21 0.24 0.37 0.40

TechTarget 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 0.38 0.40 0.42 0.40 0.37

Competitive Comparison of TechTarget's E10

For the Internet Content & Information subindustry, TechTarget'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.


TechTarget's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TechTarget's Shiller PE Ratio distribution charts can be found below:

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



TechTarget 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, TechTarget'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)
=-0.322/131.7762*131.7762
=-0.322

Current CPI (Mar. 2024) = 131.7762.

TechTarget Quarterly Data

per share eps CPI Adj_EPS
201406 0.029 100.560 0.038
201409 0.023 100.428 0.030
201412 0.041 99.070 0.055
201503 0.009 99.621 0.012
201506 0.071 100.684 0.093
201509 0.053 100.392 0.070
201512 0.055 99.792 0.073
201603 -0.001 100.470 -0.001
201606 0.062 101.688 0.080
201609 -0.001 101.861 -0.001
201612 0.003 101.863 0.004
201703 -0.001 102.862 -0.001
201706 0.045 103.349 0.057
201709 0.059 104.136 0.075
201712 0.101 104.011 0.128
201803 0.057 105.290 0.071
201806 0.128 106.317 0.159
201809 0.111 106.507 0.137
201812 0.079 105.998 0.098
201903 0.106 107.251 0.130
201906 0.133 108.070 0.162
201909 0.173 108.329 0.210
201912 0.126 108.420 0.153
202003 0.072 108.902 0.087
202006 0.151 108.767 0.183
202009 0.204 109.815 0.245
202012 0.099 109.897 0.119
202103 0.050 111.754 0.059
202106 0.141 114.631 0.162
202109 0.272 115.734 0.310
202112 -0.487 117.630 -0.546
202203 0.209 121.301 0.227
202206 0.359 125.017 0.378
202209 0.465 125.227 0.489
202212 0.217 125.222 0.228
202303 0.056 127.348 0.058
202306 0.092 128.729 0.094
202309 0.056 129.860 0.057
202312 -0.055 129.419 -0.056
202403 -0.322 131.776 -0.322

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


TechTarget  (FRA:EFT) 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.

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

Shiller PE Ratio=Share Price/E10
=27.40/0.37
=74.05

* 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 TechTarget was 365.37. The lowest was 56.13. And the median was 151.79.


Be Aware

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


TechTarget E10 Related Terms

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


TechTarget (FRA:EFT) Business Description

Traded in Other Exchanges
Address
275 Grove Street, Newton, MA, USA, 02466
TechTarget Inc is a global data, software and analytics leader for purchase intent-driven marketing and sales data which delivers business impact for business-to-business ("B2B") companies. The company solutions are designed to enable B2B technology companies to identify, reach, and influence key enterprise technology decision makers faster and with higher efficacy. Geographically, it derives a majority of revenue North America. Some of its products include Priority Engine; Lead Generation and others.