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PanAtlantica (BSP:PATI3) E10 : R$4.19 (As of Sep. 2024)


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What is PanAtlantica 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.

PanAtlantica's adjusted earnings per share data for the three months ended in Sep. 2024 was R$1.729. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$4.19 for the trailing ten years ended in Sep. 2024.

During the past 12 months, PanAtlantica's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was 14.30% 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 PanAtlantica was 14.30% per year. The lowest was 14.30% per year. And the median was 14.30% per year.

As of today (2025-03-30), PanAtlantica's current stock price is R$28.00. PanAtlantica's E10 for the quarter that ended in Sep. 2024 was R$4.19. PanAtlantica's Shiller PE Ratio of today is 6.68.

During the past 13 years, the highest Shiller PE Ratio of PanAtlantica was 28.94. The lowest was 5.65. And the median was 8.75.


PanAtlantica E10 Historical Data

The historical data trend for PanAtlantica'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.

PanAtlantica E10 Chart

PanAtlantica 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 - 2.59 3.88 - 3.87

PanAtlantica 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 3.87 3.87 3.93 4.00 4.19

Competitive Comparison of PanAtlantica's E10

For the Steel subindustry, PanAtlantica'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.


PanAtlantica's Shiller PE Ratio Distribution in the Steel Industry

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

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


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PanAtlantica 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, PanAtlantica'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)
=1.729/162.3424*162.3424
=1.729

Current CPI (Sep. 2024) = 162.3424.

PanAtlantica Quarterly Data

per share eps CPI Adj_EPS
201412 0.074 94.194 0.128
201503 0.171 97.799 0.284
201506 0.096 100.006 0.156
201509 0.162 101.392 0.259
201512 0.075 104.247 0.117
201603 0.163 106.979 0.247
201606 0.180 108.851 0.268
201609 0.234 109.986 0.345
201612 0.087 110.802 0.127
201703 0.165 111.869 0.239
201706 0.191 112.115 0.277
201709 0.179 112.777 0.258
201712 0.214 114.068 0.305
201803 0.366 114.868 0.517
201806 2.101 117.038 2.914
201809 0.407 117.881 0.561
201812 0.242 118.340 0.332
201903 0.276 120.124 0.373
201906 0.219 120.977 0.294
201909 0.252 121.292 0.337
201912 0.012 123.436 0.016
202003 3.792 124.092 4.961
202006 0.348 123.557 0.457
202009 1.441 125.095 1.870
202012 2.385 129.012 3.001
202103 3.435 131.660 4.235
202106 4.895 133.871 5.936
202109 4.289 137.913 5.049
202112 0.800 141.992 0.915
202203 -0.560 146.537 -0.620
202206 2.080 149.784 2.254
202209 0.807 147.800 0.886
202212 0.000 150.207 0.000
202303 0.199 153.352 0.211
202306 0.020 154.519 0.021
202309 0.003 155.464 0.003
202312 0.338 157.148 0.349
202403 0.622 159.372 0.634
202406 0.588 161.052 0.593
202409 1.729 162.342 1.729

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


PanAtlantica  (BSP:PATI3) 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.

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

Shiller PE Ratio=Share Price/E10
=28.00/4.19
=6.68

* 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 PanAtlantica was 28.94. The lowest was 5.65. And the median was 8.75.


Be Aware

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


PanAtlantica E10 Related Terms

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


PanAtlantica Business Description

Traded in Other Exchanges
Address
R Rudolfo Vontobel 600, P.O. Box 152 - Distrito Industrial, Gravatai, RS, BRA, 94045-405
PanAtlantica SA produces, trades, imports and exports, and processes steel and other metals. The company's products include cold-rolled strips, strapping bands, sheets and coils, blanks, slit strips and profiles. Additionally, the Company provides steel cutting services through two different processes: slitting, which cuts the steel with rotating shears to form coils, and cut-to-length, which cuts it in flat sheets.

PanAtlantica Headlines

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