GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citigroup Inc (CHIX:TRVCd) » Definitions » E10

Citigroup (CHIX:TRVCD) E10 : €5.14 (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Citigroup 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.

Citigroup's adjusted earnings per share data for the three months ended in Sep. 2024 was €1.361. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.14 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Citigroup's average E10 Growth Rate was 1.60% per year. During the past 3 years, the average E10 Growth Rate was 11.50% per year. During the past 5 years, the average E10 Growth Rate was 14.70% 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 Citigroup was 36.50% per year. The lowest was -53.60% per year. And the median was 11.95% per year.

As of today (2024-12-15), Citigroup's current stock price is €68.08. Citigroup's E10 for the quarter that ended in Sep. 2024 was €5.14. Citigroup's Shiller PE Ratio of today is 13.25.

During the past 13 years, the highest Shiller PE Ratio of Citigroup was 247.21. The lowest was 6.30. And the median was 11.76.


Citigroup E10 Historical Data

The historical data trend for Citigroup'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.

Citigroup E10 Chart

Citigroup 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 - - - - 5.27

Citigroup 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 5.70 5.27 5.35 5.42 5.14

Competitive Comparison of Citigroup's E10

For the Banks - Diversified subindustry, Citigroup'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.


Citigroup's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Citigroup's Shiller PE Ratio distribution charts can be found below:

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



Citigroup 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, Citigroup'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)
=1.361/133.0289*133.0289
=1.361

Current CPI (Sep. 2024) = 133.0289.

Citigroup Quarterly Data

per share eps CPI Adj_EPS
201412 0.049 99.070 0.066
201503 1.395 99.621 1.863
201506 1.345 100.684 1.777
201509 1.203 100.392 1.594
201512 0.936 99.792 1.248
201603 0.988 100.470 1.308
201606 1.104 101.688 1.444
201609 1.105 101.861 1.443
201612 1.081 101.863 1.412
201703 1.262 102.862 1.632
201706 1.139 103.349 1.466
201709 1.191 104.136 1.521
201712 -6.042 104.011 -7.728
201803 1.362 105.290 1.721
201806 1.395 106.317 1.745
201809 1.483 106.507 1.852
201812 1.442 105.998 1.810
201903 1.655 107.251 2.053
201906 1.726 108.070 2.125
201909 1.880 108.329 2.309
201912 1.935 108.420 2.374
202003 0.959 108.902 1.171
202006 0.337 108.767 0.412
202009 1.155 109.815 1.399
202012 1.710 109.897 2.070
202103 3.041 111.754 3.620
202106 2.366 114.631 2.746
202109 1.828 115.734 2.101
202112 1.292 117.630 1.461
202203 1.834 121.301 2.011
202206 2.072 125.017 2.205
202209 1.646 125.227 1.749
202212 1.095 125.222 1.163
202303 2.045 127.348 2.136
202306 1.228 128.729 1.269
202309 1.527 129.860 1.564
202312 -1.065 129.419 -1.095
202403 1.454 131.776 1.468
202406 1.412 132.554 1.417
202409 1.361 133.029 1.361

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


Citigroup  (CHIX:TRVCd) 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.

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

Shiller PE Ratio=Share Price/E10
=68.08/5.14
=13.25

* 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 Citigroup was 247.21. The lowest was 6.30. And the median was 11.76.


Be Aware

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


Citigroup E10 Related Terms

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


Citigroup Business Description

Address
388 Greenwich Street, New York, NY, USA, 10013
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Citigroup Headlines

No Headlines