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Quebecor (FRA:QB3) E10 : €1.28 (As of Mar. 2024)


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What is Quebecor 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.

Quebecor's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.476. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Quebecor's average E10 Growth Rate was 29.20% per year. During the past 3 years, the average E10 Growth Rate was 23.90% per year. During the past 5 years, the average E10 Growth Rate was 21.10% 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 Quebecor was 34.80% per year. The lowest was -46.90% per year. And the median was 7.50% per year.

As of today (2024-05-22), Quebecor's current stock price is €20.40. Quebecor's E10 for the quarter that ended in Mar. 2024 was €1.28. Quebecor's Shiller PE Ratio of today is 15.94.

During the past 13 years, the highest Shiller PE Ratio of Quebecor was 801.33. The lowest was 15.30. And the median was 35.95.


Quebecor E10 Historical Data

The historical data trend for Quebecor'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.

Quebecor E10 Chart

Quebecor 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 0.55 0.60 0.77 0.91 1.20

Quebecor 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 0.95 1.06 1.25 1.20 1.28

Competitive Comparison of Quebecor's E10

For the Telecom Services subindustry, Quebecor'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.


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

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

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



Quebecor 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, Quebecor'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)
=0.476/126.2576*126.2576
=0.476

Current CPI (Mar. 2024) = 126.2576.

Quebecor Quarterly Data

per share eps CPI Adj_EPS
201406 -0.173 99.473 -0.220
201409 0.130 99.394 0.165
201412 -0.169 98.367 -0.217
201503 0.088 99.789 0.111
201506 0.068 100.500 0.085
201509 0.087 100.421 0.109
201512 -0.094 99.947 -0.119
201603 0.156 101.054 0.195
201606 0.028 102.002 0.035
201609 -0.024 101.765 -0.030
201612 0.355 101.449 0.442
201703 0.014 102.634 0.017
201706 0.382 103.029 0.468
201709 0.506 103.345 0.618
201712 0.192 103.345 0.235
201803 0.150 105.004 0.180
201806 0.117 105.557 0.140
201809 0.335 105.636 0.400
201812 0.307 105.399 0.368
201903 0.490 106.979 0.578
201906 0.313 107.690 0.367
201909 0.459 107.611 0.539
201912 0.390 107.769 0.457
202003 0.272 107.927 0.318
202006 0.432 108.401 0.503
202009 0.359 108.164 0.419
202012 0.411 108.559 0.478
202103 0.327 110.298 0.374
202106 0.319 111.720 0.361
202109 0.456 112.905 0.510
202112 0.436 113.774 0.484
202203 0.366 117.646 0.393
202206 0.488 120.806 0.510
202209 0.545 120.648 0.570
202212 0.431 120.964 0.450
202303 0.355 122.702 0.365
202306 0.507 124.203 0.515
202309 0.582 125.230 0.587
202312 0.437 125.072 0.441
202403 0.476 126.258 0.476

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


Quebecor  (FRA:QB3) 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.

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

Shiller PE Ratio=Share Price/E10
=20.40/1.28
=15.94

* 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 Quebecor was 801.33. The lowest was 15.30. And the median was 35.95.


Be Aware

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


Quebecor E10 Related Terms

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


Quebecor (FRA:QB3) Business Description

Traded in Other Exchanges
Address
612, rue Saint-Jacques, Corporate secretariat, 18th floor, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.

Quebecor (FRA:QB3) Headlines

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