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PSG Financial Services Limited (JSE:KST) E10 : R0.60 (As of Feb. 2024)


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What is PSG Financial Services Limited 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.

PSG Financial Services Limited's adjusted earnings per share data for the fiscal year that ended in Feb. 2024 was R0.804. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R0.60 for the trailing ten years ended in Feb. 2024.

During the past 12 months, PSG Financial Services Limited's average E10 Growth Rate was 15.40% per year. During the past 3 years, the average E10 Growth Rate was 18.60% per year. During the past 5 years, the average E10 Growth Rate was 16.80% per year. During the past 10 years, the average E10 Growth Rate was 15.70% 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 PSG Financial Services Limited was 19.20% per year. The lowest was 12.90% per year. And the median was 15.70% per year.

As of today (2024-06-04), PSG Financial Services Limited's current stock price is R 16.03. PSG Financial Services Limited's E10 for the fiscal year that ended in Feb. 2024 was R0.60. PSG Financial Services Limited's Shiller PE Ratio of today is 26.72.

During the past 13 years, the highest Shiller PE Ratio of PSG Financial Services Limited was 72.00. The lowest was 15.94. And the median was 35.71.


PSG Financial Services Limited E10 Historical Data

The historical data trend for PSG Financial Services Limited'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.

PSG Financial Services Limited E10 Chart

PSG Financial Services Limited Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.36 0.43 0.52 0.60

PSG Financial Services Limited Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.43 - 0.52 - 0.60

Competitive Comparison of PSG Financial Services Limited's E10

For the Asset Management subindustry, PSG Financial Services Limited'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.


PSG Financial Services Limited's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PSG Financial Services Limited's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PSG Financial Services Limited's Shiller PE Ratio falls into.



PSG Financial Services Limited 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, PSG Financial Services Limited's adjusted earnings per share data for the fiscal year that ended in Feb. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.804/154.2028*154.2028
=0.804

Current CPI (Feb. 2024) = 154.2028.

PSG Financial Services Limited Annual Data

per_share_eps CPI Adj_EPS
201502 0.261 97.339 0.413
201602 0.224 104.097 0.332
201702 0.368 110.855 0.512
201802 0.426 115.106 0.571
201902 0.450 119.793 0.579
202002 0.481 125.243 0.592
202102 0.523 128.817 0.626
202202 0.689 136.109 0.781
202302 0.710 146.101 0.749
202402 0.804 154.203 0.804

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


PSG Financial Services Limited  (JSE:KST) 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.

PSG Financial Services Limited's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16.03/0.6
=26.72

* 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 PSG Financial Services Limited was 72.00. The lowest was 15.94. And the median was 35.71.


Be Aware

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


PSG Financial Services Limited E10 Related Terms

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


PSG Financial Services Limited (JSE:KST) Business Description

Traded in Other Exchanges
Address
3 Howick Close, 4th Floor, The Edge, Tyger Waterfront, Tyger Valley, Bellville, ZAF, 7530
PSG Financial Services Limited is an independent financial services group. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. Offerings under PSG Insure cover a range of short-term insurance solutions, for both personal and commercial needs. PSG rounds out its portfolio with the PSG Asset Management group which offers a range of local unit trusts and international funds.

PSG Financial Services Limited (JSE:KST) Headlines

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