GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keysight Technologies Inc (NYSE:KEYS) » Definitions » E10

Keysight Technologies (Keysight Technologies) E10 : $3.73 (As of Jan. 2024)


View and export this data going back to 2014. Start your Free Trial

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 Jan. 2024 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.73 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Keysight Technologies's average E10 Growth Rate was 8.70% 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.

As of today (2024-05-16), Keysight Technologies's current stock price is $156.78. Keysight Technologies's E10 for the quarter that ended in Jan. 2024 was $3.73. Keysight Technologies's Shiller PE Ratio of today is 42.03.

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 45.21.


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 - - - 3.36 3.71

Keysight Technologies Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.43 3.54 3.64 3.71 3.73

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 Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.98/130.1244*130.1244
=0.980

Current CPI (Jan. 2024) = 130.1244.

Keysight Technologies Quarterly Data

per share eps CPI Adj_EPS
201404 0.659 100.023 0.857
201407 0.641 100.520 0.830
201410 0.605 100.176 0.786
201501 0.410 98.604 0.541
201504 0.560 99.824 0.730
201507 0.410 100.691 0.530
201510 1.610 100.346 2.088
201601 0.370 99.957 0.482
201604 0.510 100.947 0.657
201607 0.530 101.524 0.679
201610 0.540 101.988 0.689
201701 0.630 102.456 0.800
201704 0.270 103.167 0.341
201707 -0.100 103.278 -0.126
201710 -0.200 104.070 -0.250
201801 0.500 104.578 0.622
201804 0.340 105.708 0.419
201807 0.630 106.324 0.771
201810 -0.610 106.695 -0.744
201901 0.600 106.200 0.735
201904 0.800 107.818 0.966
201907 0.830 108.250 0.998
201910 1.020 108.577 1.222
202001 0.860 108.841 1.028
202004 0.370 108.173 0.445
202007 0.930 109.318 1.107
202010 1.150 109.861 1.362
202101 0.920 110.364 1.085
202104 0.990 112.673 1.143
202107 1.360 115.183 1.536
202110 1.520 116.696 1.695
202201 1.240 118.619 1.360
202204 1.410 121.978 1.504
202207 1.870 125.002 1.947
202210 1.660 125.734 1.718
202301 1.450 126.223 1.495
202304 1.580 127.992 1.606
202307 1.610 128.974 1.624
202310 1.280 129.810 1.283
202401 0.980 130.124 0.980

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


Keysight Technologies  (NYSE:KEYS) 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
=156.78/3.73
=42.03

* 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 45.21.


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 (Keysight Technologies) 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.
Executives
Ronald S. Nersesian director, officer: CEO 5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Kailash Narayanan officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Neil Dougherty officer: SVP & CFO 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Huei Sin Ee officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John Page officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Jeffrey K Li officer: SVP and Secretary 1400 FOUNTAINGROVE PKWY, SANTA ROSA CA 95403
Soon Chai Gooi officer: SVP 5301 STEVENS CREEK BLVD., SANTA CLARA CA 95051
James Cullen director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Satish Dhanasekaran officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Lisa M. Poole officer: VP and Controller 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Richard P Hamada director 2211 S 47TH ST, PHOENIX AZ 85034
Kevin A Stephens director 1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Charles J Dockendorff director COVIDIEN LTD., 15 HAMPSHIRE STREET, MANSFIELD MA 02048
Ingrid A Estrada officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John C. Skinner officer: VP & Controller 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403