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Bouygues (CHIX:ENP) E10 : €2.81 (As of Jun. 2024)


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What is Bouygues 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.

Bouygues's adjusted earnings per share data for the three months ended in Jun. 2024 was €0.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.81 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Bouygues's average E10 Growth Rate was 23.10% per year. During the past 3 years, the average E10 Growth Rate was 11.40% per year. During the past 5 years, the average E10 Growth Rate was 3.30% 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 Bouygues was 11.40% per year. The lowest was -8.00% per year. And the median was -3.20% per year.

As of today (2024-12-13), Bouygues's current stock price is €28.885. Bouygues's E10 for the quarter that ended in Jun. 2024 was €2.81. Bouygues's Shiller PE Ratio of today is 10.28.

During the past 13 years, the highest Shiller PE Ratio of Bouygues was 19.12. The lowest was 9.99. And the median was 14.51.


Bouygues E10 Historical Data

The historical data trend for Bouygues'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.

Bouygues E10 Chart

Bouygues 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 2.23 2.08 2.06 2.24 2.87

Bouygues Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.30 2.29 2.87 2.77 2.81

Competitive Comparison of Bouygues's E10

For the Engineering & Construction subindustry, Bouygues'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.


Bouygues's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bouygues's Shiller PE Ratio distribution charts can be found below:

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



Bouygues 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, Bouygues's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.88/120.2000*120.2000
=0.880

Current CPI (Jun. 2024) = 120.2000.

Bouygues Quarterly Data

per share eps CPI Adj_EPS
201409 0.990 99.920 1.191
201412 0.280 99.860 0.337
201503 -0.470 100.170 -0.564
201506 0.350 100.440 0.419
201509 1.100 99.950 1.323
201512 0.200 100.040 0.240
201603 -0.520 100.020 -0.625
201606 0.440 100.630 0.526
201609 1.070 100.340 1.282
201612 1.110 100.650 1.326
201703 -0.110 101.170 -0.131
201706 0.720 101.320 0.854
201709 1.310 101.330 1.554
201712 1.080 101.850 1.275
201803 0.040 102.750 0.047
201806 0.670 103.370 0.779
201809 1.380 103.560 1.602
201812 1.450 103.470 1.684
201903 -0.160 103.890 -0.185
201906 0.760 104.580 0.874
201909 1.680 104.500 1.932
201912 0.890 104.980 1.019
202003 -0.540 104.590 -0.621
202006 -0.100 104.790 -0.115
202009 1.380 104.550 1.587
202012 1.090 104.960 1.248
202103 0.060 105.750 0.068
202106 1.010 106.340 1.142
202109 1.040 106.810 1.170
202112 0.830 107.850 0.925
202203 -0.340 110.490 -0.370
202206 0.720 112.550 0.769
202209 1.020 112.740 1.087
202212 1.150 114.160 1.211
202303 -0.360 116.790 -0.371
202306 0.960 117.650 0.981
202309 1.170 118.260 1.189
202312 1.000 118.390 1.015
202403 -0.390 119.470 -0.392
202406 0.880 120.200 0.880

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


Bouygues  (CHIX:ENp) 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.

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

Shiller PE Ratio=Share Price/E10
=28.885/2.81
=10.28

* 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 Bouygues was 19.12. The lowest was 9.99. And the median was 14.51.


Be Aware

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


Bouygues E10 Related Terms

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


Bouygues Business Description

Address
32 avenue Hoche, Paris, FRA, 75008
Bouygues is a French conglomerate with a disparate range of assets: a construction business, a TV business, and a telecom business. It is one of the biggest construction companies in Europe with construction sales of around EUR 25 billion-EUR 30 billion and one of the four telecom operators in France, with both mobile and fixed operations and EUR 7.7 billion in telecom revenue in 2024. It is also the owner of TF1, one of the main media and TV companies in France.

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