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American Express Co (BUE:AXP) E10 : ARS715.66 (As of Dec. 2024)


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What is American Express Co 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.

American Express Co's adjusted earnings per share data for the three months ended in Dec. 2024 was ARS30,704.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS715.66 for the trailing ten years ended in Dec. 2024.

During the past 12 months, American Express Co's average E10 Growth Rate was 11.10% per year. During the past 3 years, the average E10 Growth Rate was 11.70% per year. During the past 5 years, the average E10 Growth Rate was 11.30% per year. During the past 10 years, the average E10 Growth Rate was 9.60% 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 American Express Co was 13.40% per year. The lowest was 1.70% per year. And the median was 8.90% per year.

As of today (2025-03-19), American Express Co's current stock price is ARS22725.00. American Express Co's E10 for the quarter that ended in Dec. 2024 was ARS715.66. American Express Co's Shiller PE Ratio of today is 31.75.

During the past 13 years, the highest Shiller PE Ratio of American Express Co was 35.70. The lowest was 13.43. And the median was 22.03.


American Express Co E10 Historical Data

The historical data trend for American Express Co'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.

American Express Co E10 Chart

American Express Co 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 158.09 263.11 168.05 525.13 715.66

American Express Co 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 525.13 608.76 784.20 731.81 715.66

Competitive Comparison of American Express Co's E10

For the Credit Services subindustry, American Express Co'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.


American Express Co's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, American Express Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where American Express Co's Shiller PE Ratio falls into.



American Express Co 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, American Express Co'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)
=30704/133.1571*133.1571
=30,704.000

Current CPI (Dec. 2024) = 133.1571.

American Express Co Quarterly Data

per share eps CPI Adj_EPS
201503 130.532 99.621 174.474
201506 129.028 100.684 170.643
201509 116.589 100.392 154.641
201512 115.193 99.792 153.707
201603 211.758 100.470 280.651
201606 293.574 101.688 384.425
201609 179.001 101.861 233.998
201612 139.502 101.863 182.360
201703 208.130 102.862 269.428
201706 242.374 103.349 312.280
201709 264.605 104.136 338.348
201712 -269.239 104.011 -344.685
201803 374.771 105.290 473.964
201806 458.896 106.317 574.747
201809 691.821 106.507 864.930
201812 874.756 105.998 1,098.889
201903 703.620 107.251 873.581
201906 924.855 108.070 1,139.554
201909 1,163.261 108.329 1,429.865
201912 1,213.404 108.420 1,490.253
202003 254.484 108.902 311.165
202006 198.534 108.767 243.053
202009 965.120 109.815 1,170.265
202012 1,432.288 109.897 1,735.440
202103 2,468.192 111.754 2,940.889
202106 2,652.440 114.631 3,081.104
202109 2,219.606 115.734 2,553.749
202112 2,201.582 117.630 2,492.200
202203 2,931.257 121.301 3,217.761
202206 3,092.481 125.017 3,293.844
202209 3,432.065 125.227 3,649.418
202212 3,470.355 125.222 3,690.271
202303 4,741.200 127.348 4,957.482
202306 6,936.000 128.729 7,174.606
202309 11,548.350 129.860 11,841.604
202312 9,458.200 129.419 9,731.358
202403 28,055.250 131.776 28,349.245
202406 37,163.249 132.554 37,332.392
202409 33,172.449 133.029 33,204.417
202412 30,704.000 133.157 30,704.000

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


American Express Co  (BUE:AXP) 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.

American Express Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22725.00/715.66
=31.75

* 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 American Express Co was 35.70. The lowest was 13.43. And the median was 22.03.


Be Aware

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


American Express Co E10 Related Terms

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


American Express Co Business Description

Address
200 Vesey Street, New York, NY, USA, 10285
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.