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KT (FRA:KTC) E10 : €0.86 (As of Mar. 2024)


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What is KT 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.

KT's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.526. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KT's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was -0.60% per year. During the past 5 years, the average E10 Growth Rate was -0.80% per year. During the past 10 years, the average E10 Growth Rate was -7.40% 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 KT was 1.60% per year. The lowest was -15.20% per year. And the median was -4.40% per year.

As of today (2024-06-09), KT's current stock price is €12.40. KT's E10 for the quarter that ended in Mar. 2024 was €0.86. KT's Shiller PE Ratio of today is 14.42.

During the past 13 years, the highest Shiller PE Ratio of KT was 16.15. The lowest was 5.36. And the median was 10.38.


KT E10 Historical Data

The historical data trend for KT'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.

KT E10 Chart

KT 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 0.97 0.95 0.87 0.89 0.87

KT 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 0.85 0.83 0.91 0.87 0.86

Competitive Comparison of KT's E10

For the Telecom Services subindustry, KT'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.


KT's Shiller PE Ratio Distribution in the Telecommunication Services Industry

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

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



KT 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, KT'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)
=0.526/118.8477*118.8477
=0.526

Current CPI (Mar. 2024) = 118.8477.

KT Quarterly Data

per share eps CPI Adj_EPS
201309 0.150 98.479 0.181
201312 -0.832 98.279 -1.006
201403 -0.100 99.253 -0.120
201406 -1.164 99.353 -1.392
201409 0.074 99.608 0.088
201412 -0.345 99.098 -0.414
201503 0.417 99.720 0.497
201506 0.459 100.050 0.545
201509 0.169 100.110 0.201
201512 -0.202 100.220 -0.240
201603 0.289 100.560 0.342
201606 0.359 100.790 0.423
201609 0.347 101.460 0.406
201612 0.192 101.560 0.225
201706 0.357 102.610 0.413
201712 0.062 102.990 0.072
201806 0.400 104.130 0.457
201809 0.348 105.650 0.391
201812 -0.040 104.350 -0.046
201903 0.369 104.490 0.420
201906 0.267 104.880 0.303
201909 0.294 105.200 0.332
201912 0.079 105.120 0.089
202003 0.316 105.540 0.356
202006 0.267 104.870 0.303
202009 0.299 106.200 0.335
202012 0.169 105.765 0.190
202103 0.473 107.357 0.524
202106 0.534 107.579 0.590
202109 0.479 108.759 0.523
202112 0.640 109.676 0.694
202203 0.646 111.806 0.687
202206 0.491 114.083 0.512
202209 0.446 114.831 0.462
202212 0.331 115.200 0.341
202303 0.414 116.550 0.422
202306 0.561 117.140 0.569
202309 0.373 119.111 0.372
202312 0.078 118.848 0.078
202403 0.526 118.848 0.526

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


KT  (FRA:KTC) 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.

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

Shiller PE Ratio=Share Price/E10
=12.40/0.86
=14.42

* 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 KT was 16.15. The lowest was 5.36. And the median was 10.38.


Be Aware

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


KT E10 Related Terms

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


KT (FRA:KTC) Business Description

Traded in Other Exchanges
Address
90 Bulljeong-ro (206 Jungja-dong), Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13606
KT is South Korea's largest fixed-line telecom operator, with around 9.0 million fixed-line broadband customers and 9.4 million IPTV customers, and is the second-largest wireless operator with 25 million subscribers. Additionally, it has a number of nontelecom businesses, including real estate, payment processing, artificial intelligence, and IDC/cloud services, many of which are the focus of its growth strategy. The company was formed from the previously government-owned, monopoly telecom business and was listed in 1998. After selling its mobile business in 1994 (forming its mobile competitor, SK Telecom) KT created its own mobile operator in 1997.

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