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System1 Group (LSE:SYS1) E10 : £0.14 (As of Sep. 2023)


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What is System1 Group 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.

System1 Group's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was £0.032. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.14 for the trailing ten years ended in Mar. 2023.

During the past 5 years, the average E10 Growth Rate was -1.60% 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 System1 Group was 26.00% per year. The lowest was -2.30% per year. And the median was 7.70% per year.

As of today (2024-06-02), System1 Group's current stock price is £ 5.025. System1 Group's E10 for the fiscal year that ended in Mar. 2023 was £0.14. System1 Group's Shiller PE Ratio of today is 35.89.

During the past 13 years, the highest Shiller PE Ratio of System1 Group was 85.00. The lowest was 6.43. And the median was 23.93.


System1 Group E10 Historical Data

The historical data trend for System1 Group'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.

System1 Group E10 Chart

System1 Group Annual Data
Trend Dec13 Dec14 Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.14 0.14 0.14 0.14

System1 Group Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.14 - 0.14 -

Competitive Comparison of System1 Group's E10

For the Advertising Agencies subindustry, System1 Group'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.


System1 Group's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, System1 Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where System1 Group's Shiller PE Ratio falls into.



System1 Group 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, System1 Group's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=0.032/126.8000*126.8000
=0.032

Current CPI (Mar. 2023) = 126.8000.

System1 Group Annual Data

per_share_eps CPI Adj_EPS
201312 0.187 99.200 0.239
201412 0.213 99.900 0.270
201512 0.227 100.400 0.287
201703 0.000 102.700 0.000
201803 0.095 105.100 0.115
201903 0.098 107.000 0.116
202003 -0.018 108.600 -0.021
202103 0.131 109.700 0.151
202203 0.074 116.500 0.081
202303 0.032 126.800 0.032

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


System1 Group  (LSE:SYS1) 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.

System1 Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.025/0.14
=35.89

* 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 System1 Group was 85.00. The lowest was 6.43. And the median was 23.93.


Be Aware

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


System1 Group E10 Related Terms

Thank you for viewing the detailed overview of System1 Group's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


System1 Group (LSE:SYS1) Business Description

Traded in Other Exchanges
Address
4 More London Riverside, London, GBR, SE1 2AU
System1 Group PLC is engaged in providing marketing and market research consultancy services. The company's geographical segments include the Americas, United Kingdom, Continental Europe, and APAC. It generates maximum revenue from the Americas. The Group defines its Consultancy business as a Research and Advertising Agency.

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