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Centrais Eletricas Brasileiras (BSP:ELET6) E10 : R$1.32 (As of Sep. 2023)


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What is Centrais Eletricas Brasileiras 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.

Centrais Eletricas Brasileiras's adjusted earnings per share data for the three months ended in Sep. 2023 was R$0.442. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.32 for the trailing ten years ended in Sep. 2023.

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 Centrais Eletricas Brasileiras was 77.30% per year. The lowest was 48.70% per year. And the median was 63.00% per year.

As of today (2024-04-29), Centrais Eletricas Brasileiras's current stock price is R$42.45. Centrais Eletricas Brasileiras's E10 for the quarter that ended in Sep. 2023 was R$1.32. Centrais Eletricas Brasileiras's Shiller PE Ratio of today is 32.16.

During the past 13 years, the highest Shiller PE Ratio of Centrais Eletricas Brasileiras was 4420.00. The lowest was 28.19. And the median was 35.70.


Centrais Eletricas Brasileiras E10 Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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.

Centrais Eletricas Brasileiras E10 Chart

Centrais Eletricas Brasileiras 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 -1.47 -0.08 -0.01 -0.17 0.93

Centrais Eletricas Brasileiras Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.45 0.93 1.04 1.15 1.32

Competitive Comparison of Centrais Eletricas Brasileiras's E10

For the Utilities - Renewable subindustry, Centrais Eletricas Brasileiras'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.


Centrais Eletricas Brasileiras's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Centrais Eletricas Brasileiras's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Centrais Eletricas Brasileiras's Shiller PE Ratio falls into.



Centrais Eletricas Brasileiras 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, Centrais Eletricas Brasileiras's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.442/155.4635*155.4635
=0.442

Current CPI (Sep. 2023) = 155.4635.

Centrais Eletricas Brasileiras Quarterly Data

per share eps CPI Adj_EPS
201312 -4.068 88.522 -7.144
201403 0.760 90.447 1.306
201406 -0.080 91.838 -0.135
201409 -2.040 92.602 -3.425
201412 -3.246 94.194 -5.357
201503 0.930 97.799 1.478
201506 -1.010 100.006 -1.570
201509 -2.965 101.392 -4.546
201512 -5.388 104.247 -8.035
201603 -2.879 106.979 -4.184
201606 9.396 108.851 13.420
201609 0.638 109.986 0.902
201612 -4.678 110.802 -6.564
201703 1.030 111.869 1.431
201706 0.226 112.115 0.313
201709 0.390 112.777 0.538
201712 -2.957 114.068 -4.030
201803 0.330 114.868 0.447
201806 0.992 117.038 1.318
201809 -1.674 117.881 -2.208
201812 11.016 118.340 14.472
201903 0.996 120.124 1.289
201906 4.110 120.977 5.282
201909 0.521 121.292 0.668
201912 2.648 123.436 3.335
202003 0.782 124.092 0.980
202006 0.299 123.557 0.376
202009 1.794 125.095 2.230
202012 1.196 129.012 1.441
202103 1.026 131.660 1.211
202106 1.613 133.871 1.873
202109 0.615 137.913 0.693
202112 0.389 141.992 0.426
202203 1.731 146.537 1.836
202206 0.183 149.784 0.190
202209 0.434 147.800 0.457
202212 -0.208 150.207 -0.215
202303 0.176 153.352 0.178
202306 0.932 154.519 0.938
202309 0.442 155.464 0.442

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


Centrais Eletricas Brasileiras  (BSP:ELET6) 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.

Centrais Eletricas Brasileiras's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=42.45/1.32
=32.16

* 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 Centrais Eletricas Brasileiras was 4420.00. The lowest was 28.19. And the median was 35.70.


Be Aware

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


Centrais Eletricas Brasileiras E10 Related Terms

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


Centrais Eletricas Brasileiras (BSP:ELET6) Business Description

Address
Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

Centrais Eletricas Brasileiras (BSP:ELET6) Headlines

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