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Metalurgica Gerdau (BSP:GOAU3) E10 : R$0.62 (As of Dec. 2024)


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What is Metalurgica Gerdau 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.

Metalurgica Gerdau's adjusted earnings per share data for the three months ended in Dec. 2024 was R$0.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.62 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Metalurgica Gerdau's average E10 Growth Rate was 93.80% 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 Metalurgica Gerdau was -55.70% per year. The lowest was -55.70% per year. And the median was -55.70% per year.

As of today (2025-04-03), Metalurgica Gerdau's current stock price is R$9.21. Metalurgica Gerdau's E10 for the quarter that ended in Dec. 2024 was R$0.62. Metalurgica Gerdau's Shiller PE Ratio of today is 14.85.

During the past 13 years, the highest Shiller PE Ratio of Metalurgica Gerdau was 163.14. The lowest was 0.75. And the median was 32.28.


Metalurgica Gerdau E10 Historical Data

The historical data trend for Metalurgica Gerdau'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.

Metalurgica Gerdau E10 Chart

Metalurgica Gerdau Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.64 -0.04 0.28 0.32 0.62

Metalurgica Gerdau Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.32 0.33 0.32 0.26 0.62

Competitive Comparison of Metalurgica Gerdau's E10

For the Steel subindustry, Metalurgica Gerdau'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.


Metalurgica Gerdau's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Metalurgica Gerdau's Shiller PE Ratio distribution charts can be found below:

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


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Metalurgica Gerdau 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, Metalurgica Gerdau's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.11/164.7402*164.7402
=0.110

Current CPI (Dec. 2024) = 164.7402.

Metalurgica Gerdau Quarterly Data

per share eps CPI Adj_EPS
201503 0.459 97.799 0.773
201506 0.079 100.006 0.130
201509 -5.403 101.392 -8.779
201512 -0.600 104.247 -0.948
201603 -0.060 106.979 -0.092
201606 0.015 108.851 0.023
201609 0.025 109.986 0.037
201612 -1.429 110.802 -2.125
201703 0.260 111.869 0.383
201706 0.020 112.115 0.029
201709 0.134 112.777 0.196
201712 -1.223 114.068 -1.766
201803 0.140 114.868 0.201
201806 0.230 117.038 0.324
201809 0.260 117.881 0.363
201812 0.110 118.340 0.153
201903 0.140 120.124 0.192
201906 0.140 120.977 0.191
201909 0.100 121.292 0.136
201912 0.020 123.436 0.027
202003 0.070 124.092 0.093
202006 0.110 123.557 0.147
202009 0.280 125.095 0.369
202012 0.350 129.012 0.447
202103 0.740 131.660 0.926
202106 1.190 133.871 1.464
202109 1.670 137.913 1.995
202112 1.070 141.992 1.241
202203 1.620 146.537 1.821
202206 2.380 149.784 2.618
202209 0.930 147.800 1.037
202212 0.400 150.207 0.439
202303 1.060 153.352 1.139
202306 0.680 154.519 0.725
202309 0.530 155.464 0.562
202312 0.200 157.148 0.210
202403 0.660 159.372 0.682
202406 0.280 161.052 0.286
202409 0.440 162.342 0.446
202412 0.110 164.740 0.110

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


Metalurgica Gerdau  (BSP:GOAU3) 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.

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

Shiller PE Ratio=Share Price/E10
=9.21/0.62
=14.85

* 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 Metalurgica Gerdau was 163.14. The lowest was 0.75. And the median was 32.28.


Be Aware

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


Metalurgica Gerdau E10 Related Terms

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


Metalurgica Gerdau Business Description

Traded in Other Exchanges
Address
Avenida Farrapos, 1811, Porto Alegre, RS, BRA, 90220005
Metalurgica Gerdau SA produces steel and steel products used in construction, industrial, agricultural and automotive sectors. Its products include steel columns, nails, transfer bars for the construction sector; billet, electrodes, mechanical construction wire rods for the industrial sector; staples, steel posts, tribars, galvanized wires for agricultural sector; mechanical construction ingots, mechanical construction wires, and various other products for the automotive sector. Its revenue is generated by sales of long steel to nonresidential construction and infrastructure sector in North America.

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