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Time Warner Cable (Time Warner Cable) E10 : $2.63 (As of Mar. 2016)


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What is Time Warner Cable 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.

Time Warner Cable's adjusted earnings per share data for the three months ended in Mar. 2016 was $1.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.63 for the trailing ten years ended in Mar. 2016.

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.

As of today (2024-04-26), Time Warner Cable's current stock price is $209.56. Time Warner Cable's E10 for the quarter that ended in Mar. 2016 was $2.63. Time Warner Cable's Shiller PE Ratio of today is 79.68.


Time Warner Cable E10 Historical Data

The historical data trend for Time Warner Cable'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.

Time Warner Cable E10 Chart

Time Warner Cable Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.33 2.54

Time Warner Cable Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 2.46 2.48 2.53 2.54 2.63

Competitive Comparison of Time Warner Cable's E10

For the Broadcasting subindustry, Time Warner Cable'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.


Time Warner Cable's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Time Warner Cable's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Time Warner Cable's Shiller PE Ratio falls into.



Time Warner Cable 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, Time Warner Cable's adjusted earnings per share data for the three months ended in Mar. 2016 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=1.72/100.4704*100.4704
=1.720

Current CPI (Mar. 2016) = 100.4704.

Time Warner Cable Quarterly Data

per share eps CPI Adj_EPS
200606 0.870 85.606 1.021
200609 3.600 85.606 4.225
200612 0.817 85.142 0.964
200703 0.840 86.640 0.974
200706 0.840 87.906 0.960
200709 0.750 87.964 0.857
200712 1.004 88.616 1.138
200803 0.740 90.090 0.825
200806 0.850 92.320 0.925
200809 0.930 92.307 1.012
200812 -25.051 88.697 -28.376
200903 0.480 89.744 0.537
200906 0.890 91.003 0.983
200909 0.760 91.120 0.838
200912 0.902 91.111 0.995
201003 0.600 91.821 0.657
201006 0.950 91.962 1.038
201009 1.000 92.162 1.090
201012 1.089 92.474 1.183
201103 0.930 94.283 0.991
201106 1.240 95.235 1.308
201109 1.080 95.727 1.134
201112 1.712 95.213 1.807
201203 1.200 96.783 1.246
201206 1.430 96.819 1.484
201209 2.600 97.633 2.676
201212 1.645 96.871 1.706
201303 1.340 98.209 1.371
201306 1.640 98.518 1.673
201309 1.840 98.790 1.871
201312 1.857 98.326 1.898
201403 1.700 99.695 1.713
201406 1.760 100.560 1.758
201409 1.760 100.428 1.761
201412 1.930 99.070 1.957
201503 1.590 99.621 1.604
201506 1.620 100.684 1.617
201509 1.530 100.392 1.531
201512 1.682 99.792 1.693
201603 1.720 100.470 1.720

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


Time Warner Cable  (NYSE:TWC) 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.

Time Warner Cable's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=209.56/2.63
=79.68

* 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.


Be Aware

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


Time Warner Cable E10 Related Terms

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


Time Warner Cable (Time Warner Cable) Business Description

Traded in Other Exchanges
N/A
Address
Time Warner Cable Inc was incorporated as a Delaware corporation on March 21, 2003. The Company provides video, high-speed data and voice services in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. The Company has three reportable segments: Residential Services, Business Services and Other Operations. Its video service provides over 300 channels and 20,000 video-on-demand choices. It offers tiers and packages of video programming and music services. Its residential video subscribers also may subscribe to premium network programming, such as Cinemax, EPIX, HBO, Showtime and Starz. The Company offers high-speed data service tiers, each with attributes tailored to meet the different needs its subscribers providing from up to 2 to up to 300 mbps downstream levels. Its high-speed data service also provides communication tools and personalized services, including email, PC security, parental controls and online radio, at no additional charge. The Company offers IntelligentHome, a security and home management service, in substantially all of its operating areas. It offers networking, voice, video, hosting and cloud computing services. The Company offers business customers a data services, including Internet access, network services and wholesale transport services. It also offers video programming tiers, music services and voice services including multi-line phone service and trunk service. The Company's Other Operations segment consists of Time Warner Cable Media, the advertising sales arm, its local sports, news and lifestyle channels and SportsNet LA. The Company delivers video, data and voice services over a network that includes a nationwide fiber backbone, fiber-rich regional and metro rings, and last mile connections to customers' homes and businesses. It contracts with third parties for goods and services related to the delivery of its video, high-speed data and voice services. The Company's residential video, high-speed data and voice services face competition from AT&T, CenturyLink, Inc., Cincinnati Bell Inc, Fairpoint Communications Inc, Frontier Communications Corp, Hawaiian Telcom Holdco Inc, Verizon and Windstream Corp. Its residential video and high-speed data services compete with Google's video and broadband services.
Executives
Donna James director ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215
John E Sununu director C/O BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Copeland James E Jr director 2500 WINDY RIDGE PARKWAY, ATLANTA GA 30339
Robert D Marcus director, officer: Chairman & CEO C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Nicholas Nicholas J Jr director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Thomas H Castro director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Osbourn William F Jr officer: SVP, Chief Acct Off & Co-CFO C/O TIME WARNER CABLE, 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Siegel officer: SVP & Treasurer and Co-CFO C/O TIME WARNER CABLE, 60 COLUMBUS CIRCLE, NEW YORK NY 10023
Edward D Shirley director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Carole Black director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
David C Chang director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Glenn Britt director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Melinda Witmer officer: EVP, Chf Video & Content Offcr C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Joan H Gillman officer: EVP & COO, Media Services C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Irene M Esteves officer: EVP & CFO C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023

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