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Flowserve (BSP:F1LS34) E10 : R$8.37 (As of Sep. 2024)


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What is Flowserve 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.

Flowserve's adjusted earnings per share data for the three months ended in Sep. 2024 was R$2.437. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$8.37 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Flowserve's average E10 Growth Rate was -13.30% per year. During the past 3 years, the average E10 Growth Rate was -6.70% per year. During the past 5 years, the average E10 Growth Rate was -5.40% per year. During the past 10 years, the average E10 Growth Rate was -2.20% 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 Flowserve was 44.20% per year. The lowest was -9.80% per year. And the median was 5.30% per year.

As of today (2024-12-14), Flowserve's current stock price is R$274.55. Flowserve's E10 for the quarter that ended in Sep. 2024 was R$8.37. Flowserve's Shiller PE Ratio of today is 32.80.

During the past 13 years, the highest Shiller PE Ratio of Flowserve was 38.93. The lowest was 9.04. And the median was 18.38.


Flowserve E10 Historical Data

The historical data trend for Flowserve'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.

Flowserve E10 Chart

Flowserve 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 - 11.23 12.70 11.08 8.39

Flowserve 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 8.48 8.39 7.48 6.90 8.37

Competitive Comparison of Flowserve's E10

For the Specialty Industrial Machinery subindustry, Flowserve'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.


Flowserve's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Flowserve's Shiller PE Ratio distribution charts can be found below:

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



Flowserve 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, Flowserve'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)
=2.437/133.0289*133.0289
=2.437

Current CPI (Sep. 2024) = 133.0289.

Flowserve Quarterly Data

per share eps CPI Adj_EPS
201412 2.959 99.070 3.973
201503 0.628 99.621 0.839
201506 1.743 100.684 2.303
201509 2.732 100.392 3.620
201512 1.824 99.792 2.431
201603 0.961 100.470 1.272
201606 1.438 101.688 1.881
201609 -0.390 101.861 -0.509
201612 1.543 101.863 2.015
201703 0.469 102.862 0.607
201706 1.055 103.349 1.358
201709 1.128 104.136 1.441
201712 -2.669 104.011 -3.414
201803 0.393 105.290 0.497
201806 0.377 106.317 0.472
201809 0.863 106.507 1.078
201812 1.864 105.998 2.339
201903 1.690 107.251 2.096
201906 1.697 108.070 2.089
201909 1.854 108.329 2.277
201912 2.175 108.420 2.669
202003 0.440 108.902 0.537
202006 0.259 108.767 0.317
202009 2.322 109.815 2.813
202012 2.212 109.897 2.678
202103 0.620 111.754 0.738
202106 1.760 114.631 2.042
202109 2.006 115.734 2.306
202112 0.735 117.630 0.831
202203 -0.597 121.301 -0.655
202206 1.716 125.017 1.826
202209 1.521 125.227 1.616
202212 4.826 125.222 5.127
202303 1.042 127.348 1.088
202306 1.893 128.729 1.956
202309 1.729 129.860 1.771
202312 2.303 129.419 2.367
202403 2.789 131.776 2.816
202406 2.962 132.554 2.973
202409 2.437 133.029 2.437

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


Flowserve  (BSP:F1LS34) 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.

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

Shiller PE Ratio=Share Price/E10
=274.55/8.37
=32.80

* 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 Flowserve was 38.93. The lowest was 9.04. And the median was 18.38.


Be Aware

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


Flowserve E10 Related Terms

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


Flowserve Business Description

Traded in Other Exchanges
Address
5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039
Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.

Flowserve Headlines

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