GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Beverage Co (NYSE:TAP) » Definitions » E10

Molson Coors Beverage Co (Molson Coors Beverage Co) E10

: $3.71 (As of Dec. 2023)
View and export this data going back to 1975. Start your Free Trial

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.

Molson Coors Beverage Co's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Molson Coors Beverage Co's average E10 Growth Rate was 4.20% per year. During the past 3 years, the average E10 Growth Rate was 2.60% per year. During the past 5 years, the average E10 Growth Rate was -4.10% per year. During the past 10 years, the average E10 Growth Rate was 2.50% 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 Molson Coors Beverage Co was 27.20% per year. The lowest was -6.40% per year. And the median was 8.50% per year.

As of today (2024-04-19), Molson Coors Beverage Co's current stock price is $63.88. Molson Coors Beverage Co's E10 for the quarter that ended in Dec. 2023 was $3.71. Molson Coors Beverage Co's Shiller PE Ratio of today is 17.22.

During the past 13 years, the highest Shiller PE Ratio of Molson Coors Beverage Co was 35.32. The lowest was 7.94. And the median was 16.93.


Molson Coors Beverage Co E10 Historical Data

The historical data trend for Molson Coors Beverage Co'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.

Molson Coors Beverage Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 3.44 3.71 3.56 3.71

Molson Coors Beverage Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 3.56 3.63 3.63 3.77 3.71

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co'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.


Molson Coors Beverage Co Shiller PE Ratio Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Shiller PE Ratio falls into.



Molson Coors Beverage Co 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, Molson Coors Beverage Co's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.48/129.4194*129.4194
=0.480

Current CPI (Dec. 2023) = 129.4194.

Molson Coors Beverage Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.880 99.695 1.142
201406 1.560 100.560 2.008
201409 -0.190 100.428 -0.245
201412 0.500 99.070 0.653
201503 0.430 99.621 0.559
201506 1.230 100.684 1.581
201509 0.090 100.392 0.116
201512 0.180 99.792 0.233
201603 0.800 100.470 1.031
201606 0.800 101.688 1.018
201609 0.940 101.861 1.194
201612 6.650 101.863 8.449
201703 0.960 102.862 1.208
201706 1.520 103.349 1.903
201709 1.330 104.136 1.653
201712 2.720 104.011 3.384
201803 1.280 105.290 1.573
201806 1.960 106.317 2.386
201809 1.560 106.507 1.896
201812 0.350 105.998 0.427
201903 0.700 107.251 0.845
201906 1.520 108.070 1.820
201909 -1.860 108.329 -2.222
201912 0.750 108.420 0.895
202003 -0.540 108.902 -0.642
202006 0.900 108.767 1.071
202009 1.580 109.815 1.862
202012 -6.320 109.897 -7.443
202103 0.390 111.754 0.452
202106 1.790 114.631 2.021
202109 2.080 115.734 2.326
202112 0.370 117.630 0.407
202203 0.700 121.301 0.747
202206 0.220 125.017 0.228
202209 0.990 125.227 1.023
202212 -2.730 125.222 -2.822
202303 0.330 127.348 0.335
202306 1.570 128.729 1.578
202309 1.980 129.860 1.973
202312 0.480 129.419 0.480

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


Molson Coors Beverage Co  (NYSE:TAP) 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.

Molson Coors Beverage Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=63.88/3.71
=17.22

* 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 Molson Coors Beverage Co was 35.32. The lowest was 7.94. And the median was 16.93.


Be Aware

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


Molson Coors Beverage Co E10 Related Terms

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


Molson Coors Beverage Co (Molson Coors Beverage Co) Business Description

Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.
Executives
Winnefeld James A Jr director 870 WINTER STREET, WALTHAM MA 02451
Natalie G. Maciolek officer: Chief Legal & Govt Affairs Off 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Geoffrey E. Molson director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Williams Leroy James Jr director 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Anne-marie W D'angelo officer: Chief Legal & Govt Affairs Off 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Louis Vachon director 1155 METCALFE STREET, MONTREAL QUEBEC CANADA E6 0000
Julia M Brown director C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001
Simon Cox officer: Pres&CEO, Molson Coors Europe 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Roxanne Stelter officer: VP,Controller & Chf Acct Off 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Andrew Thomas Molson director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
David S. Coors director P.O. BOX 4030, NH353, GOLDEN CO 80401
Nessa O'sullivan director P.O. BOX 4030, NH353, GOLDEN CO 80401
Peter H Coors director, other: Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Peter John Marino officer: President of Emerging Growth 250 SOUTH WACKER DRIVE, CHICAGO IL 60606
Jacques Michelle St. officer: Chief Marketing Officer 250 SOUTH WACKER DRIVE, CHICAGO IL 60606