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Pargesa Holding (XSWX:PARG) E10 : CHF4.20 (As of Jun. 2020)


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What is Pargesa Holding 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.

Pargesa Holding's adjusted earnings per share data for the fiscal year that ended in Dec. 2019 was CHF4.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF4.20 for the trailing ten years ended in Dec. 2019.

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 (2024-05-26), Pargesa Holding's current stock price is CHF 80.90. Pargesa Holding's E10 for the fiscal year that ended in Dec. 2019 was CHF4.20. Pargesa Holding's Shiller PE Ratio of today is 19.26.


Pargesa Holding E10 Historical Data

The historical data trend for Pargesa Holding'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.

Pargesa Holding E10 Chart

Pargesa Holding Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.52 3.86 3.55 4.61 4.20

Pargesa Holding Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 - 4.61 - 4.20 -

Competitive Comparison of Pargesa Holding's E10

For the Conglomerates subindustry, Pargesa Holding'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.


Pargesa Holding's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Pargesa Holding's Shiller PE Ratio distribution charts can be found below:

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



Pargesa Holding 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, Pargesa Holding's adjusted earnings per share data for the fiscal year that ended in Dec. 2019 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=4.62/101.0632*101.0632
=4.620

Current CPI (Dec. 2019) = 101.0632.

Pargesa Holding Annual Data

per_share_eps CPI Adj_EPS
201012 5.490 102.138 5.432
201112 -0.770 101.408 -0.767
201212 4.790 100.968 4.795
201312 4.650 101.036 4.651
201412 7.330 100.704 7.356
201512 7.450 99.386 7.576
201612 -0.380 99.380 -0.386
201712 4.500 100.213 4.538
201812 4.220 100.906 4.227
201912 4.620 101.063 4.620

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


Pargesa Holding  (XSWX:PARG) 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.

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

Shiller PE Ratio=Share Price/E10
=80.90/4.2
=19.26

* 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.


Pargesa Holding E10 Related Terms

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


Pargesa Holding (XSWX:PARG) Business Description

Traded in Other Exchanges
N/A
Address
11, Grand Rue, Geneva, CHE, 1204
Pargesa Holding is a holding company. The company owns 50% of Groupe Bruxelles Lambert, a traded holding company with sizable investments in large European industrial firms such as LafargeHolcim, SGS, Imerys, and Adidas.

Pargesa Holding (XSWX:PARG) Headlines

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