GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » E10

Mangels Industrial (BSP:MGEL4) E10 : R$0.39 (As of Sep. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Mangels Industrial 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.

Mangels Industrial's adjusted earnings per share data for the three months ended in Sep. 2024 was R$1.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.39 for the trailing ten years ended in Sep. 2024.

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 Mangels Industrial was 37.70% per year. The lowest was -15.80% per year. And the median was 10.95% per year.

As of today (2025-03-26), Mangels Industrial's current stock price is R$6.50. Mangels Industrial's E10 for the quarter that ended in Sep. 2024 was R$0.39. Mangels Industrial's Shiller PE Ratio of today is 16.67.

During the past 13 years, the highest Shiller PE Ratio of Mangels Industrial was 47.47. The lowest was 28.20. And the median was 45.45.


Mangels Industrial E10 Historical Data

The historical data trend for Mangels Industrial'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.

Mangels Industrial E10 Chart

Mangels Industrial 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 -1.41 -1.59 -2.27 -0.49 0.29

Mangels Industrial 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 -0.01 0.29 0.36 0.27 0.39

Competitive Comparison of Mangels Industrial's E10

For the Steel subindustry, Mangels Industrial'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.


Mangels Industrial's Shiller PE Ratio Distribution in the Steel Industry

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

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



Mangels Industrial 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, Mangels Industrial'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)
=1.22/162.3424*162.3424
=1.220

Current CPI (Sep. 2024) = 162.3424.

Mangels Industrial Quarterly Data

per share eps CPI Adj_EPS
201412 -0.521 94.194 -0.898
201503 -10.457 97.799 -17.358
201506 0.756 100.006 1.227
201509 -14.308 101.392 -22.909
201512 5.044 104.247 7.855
201603 1.145 106.979 1.738
201606 2.257 108.851 3.366
201609 -1.725 109.986 -2.546
201612 -1.134 110.802 -1.661
201703 -0.064 111.869 -0.093
201706 -2.993 112.115 -4.334
201709 1.506 112.777 2.168
201712 -0.907 114.068 -1.291
201803 -0.076 114.868 -0.107
201806 -6.761 117.038 -9.378
201809 -1.598 117.881 -2.201
201812 0.480 118.340 0.658
201903 -0.276 120.124 -0.373
201906 1.463 120.977 1.963
201909 -3.996 121.292 -5.348
201912 1.740 123.436 2.288
202003 -15.706 124.092 -20.547
202006 -4.181 123.557 -5.493
202009 0.688 125.095 0.893
202012 14.067 129.012 17.701
202103 -2.665 131.660 -3.286
202106 24.516 133.871 29.730
202109 -1.050 137.913 -1.236
202112 3.512 141.992 4.015
202203 13.897 146.537 15.396
202206 -3.041 149.784 -3.296
202209 0.095 147.800 0.104
202212 33.976 150.207 36.721
202303 1.113 153.352 1.178
202306 2.978 154.519 3.129
202309 -1.410 155.464 -1.472
202312 3.206 157.148 3.312
202403 -1.193 159.372 -1.215
202406 -3.014 161.052 -3.038
202409 1.220 162.342 1.220

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


Mangels Industrial  (BSP:MGEL4) 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.

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

Shiller PE Ratio=Share Price/E10
=6.50/0.39
=16.67

* 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 Mangels Industrial was 47.47. The lowest was 28.20. And the median was 45.45.


Be Aware

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


Mangels Industrial E10 Related Terms

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


Mangels Industrial Business Description

Traded in Other Exchanges
N/A
Address
Rua Verbo Divino 1488, 6th floor, Suite 61A and 64D, Chacara Santo, Antonio, Sao Paulo, SP, BRA, 04719904
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

Mangels Industrial Headlines

No Headlines