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Air France-KLM (LTS:0LN7) E10 : €-9.99 (As of Mar. 2024)


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What is Air France-KLM 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.

Air France-KLM's adjusted earnings per share data for the three months ended in Mar. 2024 was €-1.988. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-9.99 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 6.50% per year. During the past 5 years, the average E10 Growth Rate was -17.40% 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 Air France-KLM was 6.50% per year. The lowest was -160.70% per year. And the median was -34.50% per year.

As of today (2024-06-10), Air France-KLM's current stock price is €10.4175. Air France-KLM's E10 for the quarter that ended in Mar. 2024 was €-9.99. Air France-KLM's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air France-KLM was 169.82. The lowest was 47.74. And the median was 107.29.


Air France-KLM E10 Historical Data

The historical data trend for Air France-KLM'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.

Air France-KLM E10 Chart

Air France-KLM 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 -9.43 -26.52 -30.45 -14.48 -10.88

Air France-KLM 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 -13.62 -13.23 -13.20 -10.88 -9.99

Competitive Comparison of Air France-KLM's E10

For the Airlines subindustry, Air France-KLM'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.


Air France-KLM's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air France-KLM's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Air France-KLM's Shiller PE Ratio falls into.



Air France-KLM 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, Air France-KLM'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)
=-1.988/119.4700*119.4700
=-1.988

Current CPI (Mar. 2024) = 119.4700.

Air France-KLM Quarterly Data

per share eps CPI Adj_EPS
201406 -0.202 100.180 -0.241
201409 1.463 99.920 1.749
201412 5.245 99.860 6.275
201503 -9.532 100.170 -11.369
201506 -1.362 100.440 -1.620
201509 8.221 99.950 9.827
201512 4.388 100.040 5.240
201603 -2.723 100.020 -3.253
201606 0.555 100.630 0.659
201609 8.322 100.340 9.909
201612 5.195 100.650 6.166
201703 -2.522 101.170 -2.978
201706 9.885 101.320 11.656
201709 9.179 101.330 10.822
201712 -13.718 101.850 -16.091
201803 -3.228 102.750 -3.753
201806 1.156 103.370 1.336
201809 9.415 103.560 10.861
201812 -2.522 103.470 -2.912
201903 -3.883 103.890 -4.465
201906 1.050 104.580 1.199
201909 4.365 104.500 4.990
201912 1.614 104.980 1.837
202003 -21.284 104.590 -24.312
202006 -30.926 104.790 -35.258
202009 -19.540 104.550 -22.328
202012 -12.054 104.960 -13.720
202103 -17.450 105.750 -19.714
202106 -12.154 106.340 -13.655
202109 -1.518 106.810 -1.698
202112 -1.006 107.850 -1.114
202203 -9.400 110.490 -10.164
202206 0.852 112.550 0.904
202209 1.790 112.740 1.897
202212 1.930 114.160 2.020
202303 -1.339 116.790 -1.370
202306 1.868 117.650 1.897
202309 4.102 118.260 4.144
202312 -0.975 118.390 -0.984
202403 -1.988 119.470 -1.988

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


Air France-KLM  (LTS:0LN7) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air France-KLM was 169.82. The lowest was 47.74. And the median was 107.29.


Be Aware

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


Air France-KLM E10 Related Terms

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


Air France-KLM (LTS:0LN7) Business Description

Address
2 Rue Robert Esnault-Pelterie, Paris, FRA, 75007
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The Group has four segments which include Network, Maintenance, Transavia, and Other. The Network segment derives key revenue which includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. Its geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.

Air France-KLM (LTS:0LN7) Headlines

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