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CRH (CHIX:CRHL) E10 : £3.30 (As of Sep. 2024)


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What is CRH 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.

CRH's adjusted earnings per share data for the three months ended in Sep. 2024 was £1.489. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £3.30 for the trailing ten years ended in Sep. 2024.

During the past 12 months, CRH's average E10 Growth Rate was 2.70% per year. During the past 3 years, the average E10 Growth Rate was 12.10% per year. During the past 5 years, the average E10 Growth Rate was 8.50% per year. During the past 10 years, the average E10 Growth Rate was 7.00% 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 CRH was 19.30% per year. The lowest was 1.00% per year. And the median was 6.40% per year.

As of today (2024-12-11), CRH's current stock price is £77.98. CRH's E10 for the quarter that ended in Sep. 2024 was £3.30. CRH's Shiller PE Ratio of today is 23.63.

During the past 13 years, the highest Shiller PE Ratio of CRH was 22.94. The lowest was 11.66. And the median was 16.79.


CRH E10 Historical Data

The historical data trend for CRH'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.

CRH E10 Chart

CRH 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 2.34 2.20 2.53 3.47 3.39

CRH Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 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 3.63 3.39 3.36 3.46 3.30

Competitive Comparison of CRH's E10

For the Building Materials subindustry, CRH'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.


CRH's Shiller PE Ratio Distribution in the Building Materials Industry

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

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



CRH 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, CRH'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)
=1.489/121.5939*121.5939
=1.489

Current CPI (Sep. 2024) = 121.5939.

CRH Quarterly Data

per share eps CPI Adj_EPS
200709 0.596 97.982 0.740
200712 0.642 98.779 0.790
200803 0.374 100.474 0.453
200806 0.380 101.769 0.454
200812 1.058 99.875 1.288
200906 0.105 96.287 0.133
200912 0.670 94.892 0.859
201006 0.021 95.490 0.027
201012 0.501 96.187 0.633
201106 0.096 98.081 0.119
201112 0.585 98.480 0.722
201206 0.109 99.676 0.133
201212 0.505 99.676 0.616
201306 -0.065 100.374 -0.079
201312 -0.280 99.875 -0.341
201406 0.049 100.773 0.059
201412 0.559 99.576 0.683
201506 0.041 100.573 0.050
201512 0.605 99.676 0.738
201606 0.263 101.072 0.316
201612 0.957 99.676 1.167
201706 0.387 100.673 0.467
201712 1.648 100.075 2.002
201806 1.505 101.072 1.811
201812 1.142 100.773 1.378
201906 0.577 102.168 0.687
201912 1.064 102.068 1.268
202006 0.407 101.769 0.486
202012 0.677 101.072 0.814
202106 0.706 103.364 0.831
202112 1.752 106.653 1.997
202206 2.209 112.779 2.382
202212 1.962 115.436 2.067
202303 -0.041 117.609 -0.042
202306 1.283 119.662 1.304
202309 1.454 120.749 1.464
202312 0.782 120.749 0.787
202403 0.126 120.990 0.127
202406 1.478 122.318 1.469
202409 1.489 121.594 1.489

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


CRH  (CHIX:CRHl) 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.

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

Shiller PE Ratio=Share Price/E10
=77.98/3.3
=23.63

* 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 CRH was 22.94. The lowest was 11.66. And the median was 16.79.


Be Aware

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


CRH E10 Related Terms

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


CRH Business Description

Address
Stonemason’s Way, Rathfarnham, Dublin, IRL, D16 KH51
CRH is a global manufacturer of a range of building products used in construction projects, operating via a vertically integrated business model. The past decade has seen CRH transform into a leading building materials business, with increasing exposure to upstream building activities such as aggregates and cement. CRH's geographic footprint is mostly across developed markets. North America is CRH's largest market and accounts for 75% of EBITDA. The company is the largest producer of aggregates and asphalt in the US.

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