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Altus (WAR:ALI) E10 : zł121.36 (As of Mar. 2024)


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What is Altus 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.

Altus's adjusted earnings per share data for the three months ended in Mar. 2024 was zł0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł121.36 for the trailing ten years ended in Mar. 2024.

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 (2024-06-14), Altus's current stock price is zł3.10. Altus's E10 for the quarter that ended in Mar. 2024 was zł121.36. Altus's Shiller PE Ratio of today is 0.03.

During the past 10 years, the highest Shiller PE Ratio of Altus was 0.03. The lowest was 0.01. And the median was 0.02.


Altus E10 Historical Data

The historical data trend for Altus'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.

Altus E10 Chart

Altus Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Altus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - 122.09 121.36

Competitive Comparison of Altus's E10

For the Asset Management subindustry, Altus'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.


Altus's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Altus's Shiller PE Ratio distribution charts can be found below:

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



Altus 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, Altus'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)
=0.09/149.0435*149.0435
=0.090

Current CPI (Mar. 2024) = 149.0435.

Altus Quarterly Data

per share eps CPI Adj_EPS
201403 792.630 101.262 1,166.644
201406 4.374 101.180 6.443
201409 0.140 100.611 0.207
201412 0.211 100.122 0.314
201503 0.820 100.041 1.222
201506 0.188 100.448 0.279
201509 0.190 99.634 0.284
201512 0.481 99.471 0.721
201603 0.274 98.983 0.413
201606 0.341 99.552 0.511
201609 0.482 99.064 0.725
201612 0.130 100.366 0.193
201703 0.360 101.018 0.531
201706 0.490 101.180 0.722
201709 0.780 101.343 1.147
201712 0.160 102.564 0.233
201803 0.490 102.564 0.712
201806 0.360 103.378 0.519
201809 0.220 103.378 0.317
201812 0.000 103.785 0.000
201903 0.050 104.274 0.071
201906 0.040 105.983 0.056
201909 0.060 105.983 0.084
201912 -0.120 107.123 -0.167
202003 0.010 109.076 0.014
202006 0.060 109.402 0.082
202009 0.070 109.320 0.095
202012 0.060 109.565 0.082
202103 0.060 112.658 0.079
202106 0.050 113.960 0.065
202109 0.060 115.588 0.077
202112 0.030 119.088 0.038
202203 0.020 125.031 0.024
202206 0.020 131.705 0.023
202209 0.040 135.531 0.044
202212 0.080 139.113 0.086
202303 0.060 145.950 0.061
202306 0.110 147.009 0.112
202309 0.070 146.113 0.071
202403 0.090 149.044 0.090

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


Altus  (WAR:ALI) 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.

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

Shiller PE Ratio=Share Price/E10
=3.10/121.36
=0.03

* 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 10 years, the highest Shiller P/E Ratio of Altus was 0.03. The lowest was 0.01. And the median was 0.02.


Be Aware

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


Altus E10 Related Terms

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


Altus (WAR:ALI) Business Description

Traded in Other Exchanges
N/A
Address
ul. Pankiewicza 3, Warszawa, POL, 00-696
Altus SA is a fund management company. Its principal activities are the creation and management of investment funds, including brokerage in sales and redemption of share units and management of portfolios. In addition, it also provides investment advice and acts as a representative of foreign funds. The product portfolio of the company includes open-end investment funds and closed-end investment funds.

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