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Marfrig Global Foods (BSP:MRFG3) E10 : R$2.01 (As of Dec. 2024)


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What is Marfrig Global Foods 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.

Marfrig Global Foods's adjusted earnings per share data for the three months ended in Dec. 2024 was R$2.855. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$2.01 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Marfrig Global Foods's average E10 Growth Rate was 45.70% per year. During the past 3 years, the average E10 Growth Rate was 62.30% 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 Marfrig Global Foods was 62.30% per year. The lowest was -11.60% per year. And the median was 25.35% per year.

As of today (2025-03-29), Marfrig Global Foods's current stock price is R$18.06. Marfrig Global Foods's E10 for the quarter that ended in Dec. 2024 was R$2.01. Marfrig Global Foods's Shiller PE Ratio of today is 8.99.

During the past 13 years, the highest Shiller PE Ratio of Marfrig Global Foods was 96.41. The lowest was 4.72. And the median was 7.83.


Marfrig Global Foods E10 Historical Data

The historical data trend for Marfrig Global Foods'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.

Marfrig Global Foods E10 Chart

Marfrig Global Foods 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 -0.50 0.47 1.25 1.38 2.01

Marfrig Global Foods 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 1.38 1.44 1.49 1.60 2.01

Competitive Comparison of Marfrig Global Foods's E10

For the Packaged Foods subindustry, Marfrig Global Foods'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.


Marfrig Global Foods's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marfrig Global Foods's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Marfrig Global Foods's Shiller PE Ratio falls into.


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Marfrig Global Foods 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, Marfrig Global Foods'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)
=2.855/164.7402*164.7402
=2.855

Current CPI (Dec. 2024) = 164.7402.

Marfrig Global Foods Quarterly Data

per share eps CPI Adj_EPS
201503 -1.091 97.799 -1.838
201506 -0.012 100.006 -0.020
201509 0.355 101.392 0.577
201512 -0.372 104.247 -0.588
201603 -0.203 106.979 -0.313
201606 -0.252 108.851 -0.381
201609 -0.325 109.986 -0.487
201612 -0.516 110.802 -0.767
201703 -0.391 111.869 -0.576
201706 -0.268 112.115 -0.394
201709 -0.103 112.777 -0.150
201712 0.001 114.068 0.001
201803 -0.340 114.868 -0.488
201806 -0.861 117.038 -1.212
201809 -0.135 117.881 -0.189
201812 3.611 118.340 5.027
201903 0.007 120.124 0.010
201906 0.139 120.977 0.189
201909 0.161 121.292 0.219
201912 0.042 123.436 0.056
202003 -0.194 124.092 -0.258
202006 2.263 123.557 3.017
202009 0.956 125.095 1.259
202012 1.667 129.012 2.129
202103 0.397 131.660 0.497
202106 2.473 133.871 3.043
202109 2.367 137.913 2.827
202112 1.132 141.992 1.313
202203 0.160 146.537 0.180
202206 6.239 149.784 6.862
202209 0.927 147.800 1.033
202212 -0.966 150.207 -1.059
202303 -0.986 153.352 -1.059
202306 -1.233 154.519 -1.315
202309 -0.171 155.464 -0.181
202312 0.024 157.148 0.025
202403 0.098 159.372 0.101
202406 0.121 161.052 0.124
202409 0.020 162.342 0.020
202412 2.855 164.740 2.855

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


Marfrig Global Foods  (BSP:MRFG3) 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.

Marfrig Global Foods's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.06/2.01
=8.99

* 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 Marfrig Global Foods was 96.41. The lowest was 4.72. And the median was 7.83.


Be Aware

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


Marfrig Global Foods E10 Related Terms

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


Marfrig Global Foods Business Description

Traded in Other Exchanges
Address
Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000
Marfrig Global Foods SA is a Processing of products (formed by cattle slaughter facilities in operation, which are also used in beef processing, and for the manufacture of animal nutrition products) and sale of animal-based (beef, pork, lamb, fish, and poultry) and plant-based proteins. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF, and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

Marfrig Global Foods Headlines

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