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Positivo Tecnologia (BSP:POSI3) E10

: R$0.60 (As of Dec. 2023)
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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.

Positivo Tecnologia's adjusted earnings per share data for the three months ended in Dec. 2023 was R$1.367. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.60 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Positivo Tecnologia's average E10 Growth Rate was 36.40% 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 Positivo Tecnologia was 180.20% per year. The lowest was 12.40% per year. And the median was 96.30% per year.

As of today (2024-04-23), Positivo Tecnologia's current stock price is R$9.66. Positivo Tecnologia's E10 for the quarter that ended in Dec. 2023 was R$0.60. Positivo Tecnologia's Shiller PE Ratio of today is 16.10.

During the past 13 years, the highest Shiller PE Ratio of Positivo Tecnologia was 505.00. The lowest was 4.93. And the median was 20.00.


Positivo Tecnologia E10 Historical Data

The historical data trend for Positivo Tecnologia'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.

Positivo Tecnologia 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 0.02 -0.02 0.27 0.44 0.60

Positivo Tecnologia Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.44 0.43 0.47 0.53 0.60

Competitive Comparison

For the Computer Hardware subindustry, Positivo Tecnologia'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.


Positivo Tecnologia Shiller PE Ratio Distribution

For the Hardware industry and Technology sector, Positivo Tecnologia's Shiller PE Ratio distribution charts can be found below:

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



Positivo Tecnologia 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, Positivo Tecnologia'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)
=1.367/156.2729*156.2729
=1.367

Current CPI (Dec. 2023) = 156.2729.

Positivo Tecnologia Quarterly Data

per share eps CPI Adj_EPS
201403 0.013 90.447 0.022
201406 0.039 91.838 0.066
201409 0.159 92.602 0.268
201412 0.062 94.194 0.103
201503 0.135 97.799 0.216
201506 -0.465 100.006 -0.727
201509 0.015 101.392 0.023
201512 -0.622 104.247 -0.932
201603 -0.124 106.979 -0.181
201606 0.148 108.851 0.212
201609 0.064 109.986 0.091
201612 0.013 110.802 0.018
201703 -0.097 111.869 -0.136
201706 0.022 112.115 0.031
201709 0.054 112.777 0.075
201712 -0.531 114.068 -0.727
201803 0.023 114.868 0.031
201806 -0.134 117.038 -0.179
201809 0.137 117.881 0.182
201812 -0.031 118.340 -0.041
201903 -0.057 120.124 -0.074
201906 0.114 120.977 0.147
201909 0.087 121.292 0.112
201912 0.046 123.436 0.058
202003 0.028 124.092 0.035
202006 -0.064 123.557 -0.081
202009 0.350 125.095 0.437
202012 1.077 129.012 1.305
202103 0.448 131.660 0.532
202106 0.362 133.871 0.423
202109 0.381 137.913 0.432
202112 0.242 141.992 0.266
202203 0.200 146.537 0.213
202206 0.643 149.784 0.671
202209 0.348 147.800 0.368
202212 0.973 150.207 1.012
202303 0.054 153.352 0.055
202306 0.144 154.519 0.146
202309 0.193 155.464 0.194
202312 1.367 156.273 1.367

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


Positivo Tecnologia  (BSP:POSI3) 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.

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

Shiller PE Ratio=Share Price/E10
=9.66/0.6
=16.10

* 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 Positivo Tecnologia was 505.00. The lowest was 4.93. And the median was 20.00.


Be Aware

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


Positivo Tecnologia E10 Related Terms

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


Positivo Tecnologia (BSP:POSI3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Joao Bettega 5200, Bairro Cidade Industrial, Curitiba, PR, BRA, 81350-000
Positivo Tecnologia SA is a technology company based in Brazil. It is engaged in the industrialization, trading and development of projects in the IT area; industrialization, sale and lease of software and hardware; sale of IT equipment, pedagogic and school management application systems, technical pedagogical planning and support; representation, sales, training and support, technical assistance for equipment and technical, technological and scientific teaching systems in several areas and other related activities. It also manufactures and sells small and medium sized computers, portable computers, servers, tablets, monitors, electronic boards, computerized educational desks, mobile phones. The Company has three operating segments: Consumption, Public Institutions and Servers.

Positivo Tecnologia (BSP:POSI3) Headlines

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