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Whitbread (LSE:WTB) E10 : £3.02 (As of Feb. 2024)


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What is Whitbread 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.

Whitbread's adjusted earnings per share data for the fiscal year that ended in Feb. 2024 was £1.599. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £3.02 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Whitbread's average E10 Growth Rate was 2.40% per year. During the past 3 years, the average E10 Growth Rate was 3.40% per year. During the past 5 years, the average E10 Growth Rate was -1.90% per year. During the past 10 years, the average E10 Growth Rate was 10.20% 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 Whitbread was 29.70% per year. The lowest was -5.30% per year. And the median was 5.05% per year.

As of today (2024-05-20), Whitbread's current stock price is £ 31.31. Whitbread's E10 for the fiscal year that ended in Feb. 2024 was £3.02. Whitbread's Shiller PE Ratio of today is 10.37.

During the past 13 years, the highest Shiller PE Ratio of Whitbread was 33.69. The lowest was 6.06. And the median was 20.44.


Whitbread E10 Historical Data

The historical data trend for Whitbread'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.

Whitbread E10 Chart

Whitbread 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 3.32 2.73 2.74 2.95 3.02

Whitbread 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 2.74 - 2.95 - 3.02

Competitive Comparison of Whitbread's E10

For the Lodging subindustry, Whitbread'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.


Whitbread's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Whitbread's Shiller PE Ratio distribution charts can be found below:

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



Whitbread 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, Whitbread'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)
=1.599/130.8000*130.8000
=1.599

Current CPI (Feb. 2024) = 130.8000.

Whitbread Annual Data

per_share_eps CPI Adj_EPS
201502 1.742 99.500 2.290
201602 1.839 100.100 2.403
201702 1.984 102.400 2.534
201802 2.054 104.900 2.561
201902 17.451 106.800 21.373
202002 1.247 108.600 1.502
202102 -4.819 109.400 -5.762
202202 0.209 115.400 0.237
202302 1.375 126.000 1.427
202402 1.599 130.800 1.599

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


Whitbread  (LSE:WTB) 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.

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

Shiller PE Ratio=Share Price/E10
=31.31/3.02
=10.37

* 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 Whitbread was 33.69. The lowest was 6.06. And the median was 20.44.


Be Aware

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


Whitbread E10 Related Terms

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


Whitbread (LSE:WTB) Business Description

Traded in Other Exchanges
Address
Porz Avenue, Whitbread Court, Houghton Hall Business Park, Dunstable, Bedfordshire, GBR, LU5 5XE
Whitbread PLC owns hotels and restaurants that operate in the United Kingdom. It operates more than 800 hotels under the Premier Inn brand and provides services in relation to accommodation and food both in the UK and internationally. Restaurant brands include Beefeater, Brewers Fayre, Cookhouse & Pub, Bar Block and Others. Geographically the company derives majority of revenue from UK division.

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