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Aptiv (BSP:APTV34) E10 : R$15.16 (As of Sep. 2024)


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What is Aptiv 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.

Aptiv's adjusted earnings per share data for the three months ended in Sep. 2024 was R$4.098. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$15.16 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Aptiv's average E10 Growth Rate was 7.70% per year. During the past 3 years, the average E10 Growth Rate was 7.70% 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 Aptiv was 7.70% per year. The lowest was 5.90% per year. And the median was 6.80% per year.

As of today (2024-12-13), Aptiv's current stock price is R$176.58. Aptiv's E10 for the quarter that ended in Sep. 2024 was R$15.16. Aptiv's Shiller PE Ratio of today is 11.65.

During the past 13 years, the highest Shiller PE Ratio of Aptiv was 38.69. The lowest was 9.24. And the median was 21.27.


Aptiv E10 Historical Data

The historical data trend for Aptiv'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.

Aptiv E10 Chart

Aptiv Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.10 11.30 12.83 12.36 13.26

Aptiv Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13.49 13.26 13.45 15.47 15.16

Competitive Comparison of Aptiv's E10

For the Auto Parts subindustry, Aptiv'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.


Aptiv's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aptiv's Shiller PE Ratio distribution charts can be found below:

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



Aptiv 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, Aptiv's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.098/121.5939*121.5939
=4.098

Current CPI (Sep. 2024) = 121.5939.

Aptiv Quarterly Data

per share eps CPI Adj_EPS
201412 1.532 99.576 1.871
201503 1.131 99.975 1.376
201506 3.470 100.573 4.195
201509 2.771 100.274 3.360
201512 1.319 99.676 1.609
201603 2.829 99.676 3.451
201606 1.609 101.072 1.936
201609 1.740 100.274 2.110
201612 1.727 99.676 2.107
201703 1.939 100.374 2.349
201706 2.274 100.673 2.747
201709 2.318 100.474 2.805
201712 1.565 100.075 1.902
201803 1.885 100.573 2.279
201806 2.074 101.072 2.495
201809 1.726 101.371 2.070
201812 1.825 100.773 2.202
201903 1.767 101.670 2.113
201906 2.063 102.168 2.455
201909 1.977 102.268 2.351
201912 1.847 102.068 2.200
202003 15.001 102.367 17.818
202006 -3.710 101.769 -4.433
202009 2.835 101.072 3.411
202012 2.675 101.072 3.218
202103 2.902 102.367 3.447
202106 1.358 103.364 1.598
202109 0.845 104.859 0.980
202112 0.170 106.653 0.194
202203 0.672 109.245 0.748
202206 -0.580 112.779 -0.625
202209 2.753 113.504 2.949
202212 2.256 115.436 2.376
202303 1.406 117.609 1.454
202306 2.039 119.662 2.072
202309 14.223 120.749 14.323
202312 7.889 120.749 7.944
202403 1.967 120.990 1.977
202406 9.345 122.318 9.290
202409 4.098 121.594 4.098

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


Aptiv  (BSP:APTV34) 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.

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

Shiller PE Ratio=Share Price/E10
=176.58/15.16
=11.65

* 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 Aptiv was 38.69. The lowest was 9.24. And the median was 21.27.


Be Aware

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


Aptiv E10 Related Terms

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


Aptiv Business Description

Traded in Other Exchanges
Address
5 Hanover Quay, Grand Canal Dock, Dublin, IRL, D02 VY79
Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. In 2023, Aptiv's top 10 customers accounted for 54% of revenue, all of which were less than 10%. Historically, General Motors, Stellantis, Ford, and Volkswagen, have been the firms largest customers. North America, Europe, and Asia represented approximately 37%, 33%, and 28% of total 2023 revenue, respectively.

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