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AMC Networks (AMC Networks) E10

: $5.92 (As of Dec. 2023)
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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.

AMC Networks's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, AMC Networks's average E10 Growth Rate was 2.80% per year. During the past 3 years, the average E10 Growth Rate was 6.50% 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 AMC Networks was 8.40% per year. The lowest was 6.50% per year. And the median was 7.45% per year.

As of today (2024-04-18), AMC Networks's current stock price is $10.60. AMC Networks's E10 for the quarter that ended in Dec. 2023 was $5.92. AMC Networks's Shiller PE Ratio of today is 1.79.

During the past 13 years, the highest Shiller PE Ratio of AMC Networks was 16.05. The lowest was 1.73. And the median was 5.40.


AMC Networks E10 Historical Data

The historical data trend for AMC Networks'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.

AMC Networks 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 4.52 4.90 5.62 5.76 5.92

AMC Networks 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 5.76 5.98 5.97 6.06 5.92

Competitive Comparison

For the Entertainment subindustry, AMC Networks'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.


AMC Networks Shiller PE Ratio Distribution

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

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



AMC Networks 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, AMC Networks'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)
=-0.5/129.4194*129.4194
=-0.500

Current CPI (Dec. 2023) = 129.4194.

AMC Networks Quarterly Data

per share eps CPI Adj_EPS
201403 0.980 99.695 1.272
201406 0.810 100.560 1.042
201409 0.730 100.428 0.941
201412 1.060 99.070 1.385
201503 1.660 99.621 2.157
201506 1.140 100.684 1.465
201509 0.990 100.392 1.276
201512 1.230 99.792 1.595
201603 1.550 100.470 1.997
201606 1.050 101.688 1.336
201609 0.910 101.861 1.156
201612 0.200 101.863 0.254
201703 1.980 102.862 2.491
201706 1.540 103.349 1.928
201709 1.350 104.136 1.678
201712 2.330 104.011 2.899
201803 2.540 105.290 3.122
201806 1.820 106.317 2.215
201809 1.930 106.507 2.345
201812 1.240 105.998 1.514
201903 2.480 107.251 2.993
201906 2.250 108.070 2.695
201909 2.070 108.329 2.473
201912 -0.150 108.420 -0.179
202003 1.220 108.902 1.450
202006 0.280 108.767 0.333
202009 1.170 109.815 1.379
202012 1.950 109.897 2.296
202103 2.020 111.754 2.339
202106 0.830 114.631 0.937
202109 2.550 115.734 2.852
202112 0.390 117.630 0.429
202203 2.380 121.301 2.539
202206 1.910 125.017 1.977
202209 1.940 125.227 2.005
202212 -6.110 125.222 -6.315
202303 2.360 127.348 2.398
202306 1.600 128.729 1.609
202309 1.440 129.860 1.435
202312 -0.500 129.419 -0.500

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


AMC Networks  (NAS:AMCX) 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.

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

Shiller PE Ratio=Share Price/E10
=10.60/5.92
=1.79

* 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 AMC Networks was 16.05. The lowest was 1.73. And the median was 5.40.


Be Aware

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


AMC Networks E10 Related Terms

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


AMC Networks (AMC Networks) Business Description

Traded in Other Exchanges
Address
11 Penn Plaza, New York, NY, USA, 10001
AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 70 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 68 million households. IFC mainly shows independent films and alternative comedy series. AMC also operates a number of niche streaming platforms including Acorn (focused on British shows) and Shudder (focused on horror programming). The firm launched AMC+, a streaming platform for its own content in 2020.
Executives
Matthew Blank officer: Interim CEO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
James Gallagher officer: EVP and General Counsel 11 PENN PLAZA, NEW YORK NY 10001
Kimberly Kelleher officer: Chief Commercial Officer C/O REDBOX ENTERTAINMENT INC., 1 TOWER LANE, SUITE 800, OAKBROOK TERRACE IL 60181
Dan Mcdermott officer: President - Ent. & AMC Studios 2425 OLYMPIC BOULEVARD, SANTA MONICA CA 90404
Debra Golding Perelman director 35 EAST 62ND STREET, NEW YORK NY 10065
Dolan Leinauer Corby other: Trustee of 13D Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Patrick O'connell officer: EVP & Chief Financial Officer 11 PENN PLAZA, NEW YORK CITY NY 10001
Joseph Cohen director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joshua W Sapan officer: President and CEO 11 PENN PLAZA, NEW YORK NY 10001
Christina Spade officer: COO and CFO 11 PENN PLAZA, NEW YORK NY 10001
Sherin Michael J. Iii officer: EVP, Chief Accounting Officer 11 PENN PLAZA, NEW YORK CITY NY 10001
Cfd 2021 Gc Trust Fbo Tara E. Dolan other: Member of 13(d) Group DOLAN FAMILY OFFICE, LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Cfd 2021 Gc Trust Fbo Kevyn A. Dolan other: Member of 13(d) Group DOLAN FAMILY OFFICE,LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Aidan J Dolan director 11 PENN PLAZA, NEW YORK NY 10001
Christian B. Wymbs officer: EVP & Chief Accounting Officer AMC NETWORKS INC., 11 PENN PLAZA, NEW YORK NY 10001

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