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Xerox Holdings (BSP:XRXB34) E10 : R$0.22 (As of Sep. 2024)


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What is Xerox Holdings 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.

Xerox Holdings's adjusted earnings per share data for the three months ended in Sep. 2024 was R$-53.772. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.22 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Xerox Holdings's average E10 Growth Rate was -97.50% per year. During the past 3 years, the average E10 Growth Rate was -21.20% per year. During the past 5 years, the average E10 Growth Rate was -12.30% per year. During the past 10 years, the average E10 Growth Rate was -7.30% 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 Xerox Holdings was 51.50% per year. The lowest was -22.20% per year. And the median was 1.70% per year.

As of today (2024-12-14), Xerox Holdings's current stock price is R$51.90. Xerox Holdings's E10 for the quarter that ended in Sep. 2024 was R$0.22. Xerox Holdings's Shiller PE Ratio of today is 235.91.

During the past 13 years, the highest Shiller PE Ratio of Xerox Holdings was 269.75. The lowest was 5.00. And the median was 9.06.


Xerox Holdings E10 Historical Data

The historical data trend for Xerox Holdings'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.

Xerox Holdings E10 Chart

Xerox Holdings 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 12.02 14.90 12.93 9.67 6.97

Xerox Holdings 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 7.96 6.97 6.03 6.26 0.22

Competitive Comparison of Xerox Holdings's E10

For the Information Technology Services subindustry, Xerox Holdings'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.


Xerox Holdings's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Xerox Holdings's Shiller PE Ratio distribution charts can be found below:

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



Xerox Holdings 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, Xerox Holdings'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)
=-53.772/133.0289*133.0289
=-53.772

Current CPI (Sep. 2024) = 133.0289.

Xerox Holdings Quarterly Data

per share eps CPI Adj_EPS
201412 1.374 99.070 1.845
201503 2.387 99.621 3.187
201506 0.124 100.684 0.164
201509 -0.625 100.392 -0.828
201512 4.191 99.792 5.587
201603 0.444 100.470 0.588
201606 2.054 101.688 2.687
201609 2.245 101.861 2.932
201612 2.281 101.863 2.979
201703 0.438 102.862 0.566
201706 2.076 103.349 2.672
201709 2.130 104.136 2.721
201712 -2.504 104.011 -3.203
201803 0.262 105.290 0.331
201806 1.584 106.317 1.982
201809 1.397 106.507 1.745
201812 2.175 105.998 2.730
201903 2.112 107.251 2.620
201906 2.969 108.070 3.655
201909 3.955 108.329 4.857
201912 14.817 108.420 18.180
202003 -0.147 108.902 -0.180
202006 0.571 108.767 0.698
202009 2.214 109.815 2.682
202012 1.852 109.897 2.242
202103 1.014 111.754 1.207
202106 2.313 114.631 2.684
202109 2.534 115.734 2.913
202112 -22.450 117.630 -25.389
202203 -1.891 121.301 -2.074
202206 -0.252 125.017 -0.268
202209 -13.004 125.227 -13.814
202212 3.882 125.222 4.124
202303 2.240 127.348 2.340
202306 -1.990 128.729 -2.056
202309 1.383 129.860 1.417
202312 -2.450 129.419 -2.518
202403 -4.681 131.776 -4.725
202406 0.592 132.554 0.594
202409 -53.772 133.029 -53.772

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


Xerox Holdings  (BSP:XRXB34) 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.

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

Shiller PE Ratio=Share Price/E10
=51.90/0.22
=235.91

* 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 Xerox Holdings was 269.75. The lowest was 5.00. And the median was 9.06.


Be Aware

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


Xerox Holdings E10 Related Terms

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


Xerox Holdings Business Description

Traded in Other Exchanges
Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings Headlines

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