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Light (BSP:LIGT3) E10 : R$-0.06 (As of Sep. 2024)


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What is Light 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.

Light's adjusted earnings per share data for the three months ended in Sep. 2024 was R$0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-0.06 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Light's average E10 Growth Rate was -127.30% per year. During the past 3 years, the average E10 Growth Rate was -61.70% per year. During the past 5 years, the average E10 Growth Rate was -42.30% 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 Light was -0.80% per year. The lowest was -61.70% per year. And the median was -40.20% per year.

As of today (2025-03-03), Light's current stock price is R$4.07. Light's E10 for the quarter that ended in Sep. 2024 was R$-0.06. Light's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Light was 37.11. The lowest was 1.56. And the median was 4.95.


Light E10 Historical Data

The historical data trend for Light'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.

Light E10 Chart

Light 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 2.62 2.32 2.35 0.56 0.13

Light 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 0.22 0.13 -0.12 -0.15 -0.06

Competitive Comparison of Light's E10

For the Utilities - Renewable subindustry, Light'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.


Light's Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

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

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



Light 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, Light'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)
=0.42/162.3424*162.3424
=0.420

Current CPI (Sep. 2024) = 162.3424.

Light Quarterly Data

per share eps CPI Adj_EPS
201412 2.550 94.194 4.395
201503 0.630 97.799 1.046
201506 -0.280 100.006 -0.455
201509 0.180 101.392 0.288
201512 -0.340 104.247 -0.529
201603 0.007 106.979 0.011
201606 -0.290 108.851 -0.433
201609 -0.300 109.986 -0.443
201612 -0.950 110.802 -1.392
201703 0.120 111.869 0.174
201706 -0.250 112.115 -0.362
201709 0.290 112.777 0.417
201712 0.450 114.068 0.640
201803 0.450 114.868 0.636
201806 -0.120 117.038 -0.166
201809 0.030 117.881 0.041
201812 0.450 118.340 0.617
201903 0.810 120.124 1.095
201906 0.050 120.977 0.067
201909 6.190 121.292 8.285
201912 -1.494 123.436 -1.965
202003 0.550 124.092 0.720
202006 -0.150 123.557 -0.197
202009 0.450 125.095 0.584
202012 1.427 129.012 1.796
202103 -0.110 131.660 -0.136
202106 0.010 133.871 0.012
202109 0.990 137.913 1.165
202112 0.190 141.992 0.217
202203 -0.290 146.537 -0.321
202206 -0.220 149.784 -0.238
202209 0.020 147.800 0.022
202212 -14.980 150.207 -16.190
202303 0.212 153.352 0.224
202306 0.300 154.519 0.315
202309 -0.030 155.464 -0.031
202312 0.150 157.148 0.155
202403 -0.970 159.372 -0.988
202406 -0.140 161.052 -0.141
202409 0.420 162.342 0.420

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


Light  (BSP:LIGT3) 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.

During the past 13 years, the highest Shiller P/E Ratio of Light was 37.11. The lowest was 1.56. And the median was 4.95.


Be Aware

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


Light E10 Related Terms

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


Light Business Description

Traded in Other Exchanges
Address
Rua Marechal Floriano, nº 168, block 1 – 2nd floor, Rio de Janeiro, RJ, BRA, 20080-002
Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. The company generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives maximum of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. The company operates in three segments namely: Distribution, Generation and Trading, out of which maximum revenue is generated from Distribution segment.

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