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The Goldmanchs Group (BSP:GSGI34) E10 : R$4.44 (As of Dec. 2023)


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What is The Goldmanchs Group 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.

The Goldmanchs Group's adjusted earnings per share data for the three months ended in Dec. 2023 was R$0.895. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$4.44 for the trailing ten years ended in Dec. 2023.

During the past 12 months, The Goldmanchs Group's average E10 Growth Rate was 4.30% per year. During the past 3 years, the average E10 Growth Rate was 17.60% per year. During the past 5 years, the average E10 Growth Rate was 14.10% per year. During the past 10 years, the average E10 Growth Rate was 6.20% 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 The Goldmanchs Group was 18.60% per year. The lowest was -4.80% per year. And the median was 6.00% per year.

As of today (2024-04-27), The Goldmanchs Group's current stock price is R$73.05. The Goldmanchs Group's E10 for the quarter that ended in Dec. 2023 was R$4.44. The Goldmanchs Group's Shiller PE Ratio of today is 16.45.

During the past 13 years, the highest Shiller PE Ratio of The Goldmanchs Group was 20.68. The lowest was 8.74. And the median was 12.67.


The Goldmanchs Group E10 Historical Data

The historical data trend for The Goldmanchs Group'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.

The Goldmanchs Group E10 Chart

The Goldmanchs Group 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 2.16 2.88 4.41 4.62 4.44

The Goldmanchs Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.58 4.37 4.67 4.44 -

Competitive Comparison of The Goldmanchs Group's E10

For the Capital Markets subindustry, The Goldmanchs Group'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.


The Goldmanchs Group's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Shiller PE Ratio distribution charts can be found below:

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



The Goldmanchs Group 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, The Goldmanchs Group'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)
=0.895/129.4194*129.4194
=0.895

Current CPI (Dec. 2023) = 129.4194.

The Goldmanchs Group Quarterly Data

per share eps CPI Adj_EPS
201403 0.312 99.695 0.405
201406 0.306 100.560 0.394
201409 0.356 100.428 0.459
201412 0.386 99.070 0.504
201503 0.622 99.621 0.808
201506 0.205 100.684 0.264
201509 0.377 100.392 0.486
201512 0.164 99.792 0.213
201603 0.330 100.470 0.425
201606 0.425 101.688 0.541
201609 0.529 101.861 0.672
201612 0.568 101.863 0.722
201703 0.537 102.862 0.676
201706 0.434 103.349 0.543
201709 0.524 104.136 0.651
201712 -0.605 104.011 -0.753
201803 0.760 105.290 0.934
201806 0.752 106.317 0.915
201809 0.860 106.507 1.045
201812 0.782 105.998 0.955
201903 0.731 107.251 0.882
201906 0.747 108.070 0.895
201909 0.658 108.329 0.786
201912 0.642 108.420 0.766
202003 0.507 108.902 0.603
202006 0.092 108.767 0.109
202009 1.616 109.815 1.904
202012 2.072 109.897 2.440
202103 3.494 111.754 4.046
202106 2.518 114.631 2.843
202109 2.627 115.734 2.938
202112 2.038 117.630 2.242
202203 1.785 121.301 1.904
202206 1.301 125.017 1.347
202209 1.442 125.227 1.490
202212 0.580 125.222 0.599
202303 1.526 127.348 1.551
202306 0.498 128.729 0.501
202309 0.900 129.860 0.897
202312 0.895 129.419 0.895

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


The Goldmanchs Group  (BSP:GSGI34) 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.

The Goldmanchs Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=73.05/4.44
=16.45

* 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 The Goldmanchs Group was 20.68. The lowest was 8.74. And the median was 12.67.


Be Aware

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


The Goldmanchs Group E10 Related Terms

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


The Goldmanchs Group (BSP:GSGI34) Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

The Goldmanchs Group (BSP:GSGI34) Headlines

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