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Globe Telecom (PHS:GLO) E10 : ₱171.76 (As of Mar. 2024)


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What is Globe Telecom 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.

Globe Telecom's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱44.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱171.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Globe Telecom's average E10 Growth Rate was 8.60% per year. During the past 3 years, the average E10 Growth Rate was 15.30% per year. During the past 5 years, the average E10 Growth Rate was 12.50% 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 Globe Telecom was 15.30% per year. The lowest was -3.90% per year. And the median was 11.65% per year.

As of today (2024-05-23), Globe Telecom's current stock price is ₱2006.00. Globe Telecom's E10 for the quarter that ended in Mar. 2024 was ₱171.76. Globe Telecom's Shiller PE Ratio of today is 11.68.

During the past 13 years, the highest Shiller PE Ratio of Globe Telecom was 29.58. The lowest was 10.03. And the median was 17.06.


Globe Telecom E10 Historical Data

The historical data trend for Globe Telecom'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.

Globe Telecom E10 Chart

Globe Telecom 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 102.62 108.95 125.17 151.50 167.13

Globe Telecom 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 158.18 163.17 165.75 167.13 171.76

Competitive Comparison of Globe Telecom's E10

For the Telecom Services subindustry, Globe Telecom'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.


Globe Telecom's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Globe Telecom's Shiller PE Ratio distribution charts can be found below:

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



Globe Telecom 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, Globe Telecom'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)
=44.61/131.7762*131.7762
=44.610

Current CPI (Mar. 2024) = 131.7762.

Globe Telecom Quarterly Data

per share eps CPI Adj_EPS
201406 28.692 100.560 37.599
201409 26.311 100.428 34.524
201412 20.053 99.070 26.673
201503 30.079 99.621 39.788
201506 31.870 100.684 41.712
201509 39.210 100.392 51.468
201512 16.353 99.792 21.594
201603 31.083 100.470 40.768
201606 33.129 101.688 42.931
201609 19.443 101.861 25.153
201612 29.853 101.863 38.620
201703 26.881 102.862 34.437
201706 30.896 103.349 39.394
201709 35.166 104.136 44.500
201712 14.375 104.011 18.212
201803 33.533 105.290 41.969
201806 37.951 106.317 47.039
201809 34.586 106.507 42.792
201812 27.363 105.998 34.018
201903 48.538 107.251 59.638
201906 38.128 108.070 46.492
201909 40.479 108.329 49.240
201912 32.696 108.420 39.739
202003 47.308 108.902 57.245
202006 35.048 108.767 42.462
202009 31.260 109.815 37.512
202012 20.726 109.897 24.852
202103 52.523 111.754 61.933
202106 40.597 114.631 46.669
202109 36.530 115.734 41.593
202112 41.080 117.630 46.020
202203 100.990 121.301 109.711
202206 39.530 125.017 41.667
202209 49.640 125.227 52.236
202212 54.210 125.222 57.047
202303 47.260 127.348 48.903
202306 39.420 128.729 40.353
202309 32.000 129.860 32.472
202312 33.390 129.419 33.998
202403 44.610 131.776 44.610

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


Globe Telecom  (PHS:GLO) 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.

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

Shiller PE Ratio=Share Price/E10
=2006.00/171.76
=11.68

* 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 Globe Telecom was 29.58. The lowest was 10.03. And the median was 17.06.


Be Aware

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


Globe Telecom E10 Related Terms

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


Globe Telecom (PHS:GLO) Business Description

Traded in Other Exchanges
Address
32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634
Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.