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Pirelli & C SpA (Pirelli & C SpA) E10 : $0.48 (As of Mar. 2024)


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What is Pirelli & C SpA 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.

Pirelli & C SpA's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.102. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pirelli & C SpA's average E10 Growth Rate was -6.10% per year. During the past 3 years, the average E10 Growth Rate was -2.70% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Pirelli & C SpA was 3.50% per year. The lowest was -2.70% per year. And the median was 0.70% per year.

As of today (2024-06-08), Pirelli & C SpA's current stock price is $6.19. Pirelli & C SpA's E10 for the quarter that ended in Mar. 2024 was $0.48. Pirelli & C SpA's Shiller PE Ratio of today is 12.90.

During the past 13 years, the highest Shiller PE Ratio of Pirelli & C SpA was 17.11. The lowest was 6.21. And the median was 9.81.


Pirelli & C SpA E10 Historical Data

The historical data trend for Pirelli & C SpA'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.

Pirelli & C SpA E10 Chart

Pirelli & C SpA 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 0.59 0.63 0.48 0.52 0.45

Pirelli & C SpA 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 0.57 0.56 0.52 0.45 0.48

Competitive Comparison of Pirelli & C SpA's E10

For the Auto Parts subindustry, Pirelli & C SpA'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.


Pirelli & C SpA's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pirelli & C SpA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Pirelli & C SpA's Shiller PE Ratio falls into.



Pirelli & C SpA 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, Pirelli & C SpA'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)
=0.102/120.2000*120.2000
=0.102

Current CPI (Mar. 2024) = 120.2000.

Pirelli & C SpA Quarterly Data

per share eps CPI Adj_EPS
201406 0.276 100.093 0.331
201409 0.268 99.814 0.323
201412 0.073 99.721 0.088
201503 0.182 99.814 0.219
201506 -0.191 100.279 -0.229
201509 0.621 100.000 0.746
201512 -0.561 99.814 -0.676
201603 -0.116 99.600 -0.140
201606 0.301 99.900 0.362
201609 0.066 100.100 0.079
201612 0.605 100.300 0.725
201703 -0.029 101.000 -0.035
201706 0.517 101.100 0.615
201709 0.067 101.200 0.080
201712 0.063 101.200 0.075
201803 0.112 101.800 0.132
201806 0.095 102.400 0.112
201809 0.222 102.600 0.260
201812 0.079 102.300 0.093
201903 0.111 102.800 0.130
201906 0.226 103.100 0.263
201909 0.082 102.900 0.096
201912 0.072 102.800 0.084
202003 0.041 102.900 0.048
202006 -0.158 102.900 -0.185
202009 0.094 102.300 0.110
202012 0.064 102.600 0.075
202103 0.046 103.700 0.053
202106 0.101 104.200 0.117
202109 0.119 104.900 0.136
202112 0.089 106.600 0.100
202203 0.119 110.400 0.130
202206 0.119 112.500 0.127
202209 0.116 114.200 0.122
202212 0.084 119.000 0.085
202303 0.120 118.800 0.121
202306 0.130 119.700 0.131
202309 0.172 120.300 0.172
202312 0.094 119.700 0.094
202403 0.102 120.200 0.102

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


Pirelli & C SpA  (OTCPK:PLLIF) 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.

Pirelli & C SpA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.19/0.48
=12.90

* 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 Pirelli & C SpA was 17.11. The lowest was 6.21. And the median was 9.81.


Be Aware

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


Pirelli & C SpA E10 Related Terms

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


Pirelli & C SpA (Pirelli & C SpA) Business Description

Traded in Other Exchanges
Address
Viale Piero e Alberto Pirelli n. 25, Milan, ITA, 20126
Pirelli & C SpA designs develop, manufactures, and markets tires - for motor vehicles, industrial vehicles, and motorcycles. The company is focused on Prestige and Premium segments. Geographically it derives the majority revenue from Europe and Turkey.

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