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Victrex (CHIX:VCTL) E10 : £1.06 (As of Sep. 2024)


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What is Victrex 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.

Victrex's adjusted earnings per share data for the fiscal year that ended in Sep. 2024 was £0.197. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £1.06 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Victrex's average E10 Growth Rate was -7.00% per year. During the past 3 years, the average E10 Growth Rate was 0.60% per year. During the past 5 years, the average E10 Growth Rate was 1.50% per year. During the past 10 years, the average E10 Growth Rate was 5.50% 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 Victrex was 18.60% per year. The lowest was 0.60% per year. And the median was 12.40% per year.

As of today (2024-12-12), Victrex's current stock price is £ 11.28. Victrex's E10 for the fiscal year that ended in Sep. 2024 was £1.06. Victrex's Shiller PE Ratio of today is 10.64.

During the past 13 years, the highest Shiller PE Ratio of Victrex was 39.95. The lowest was 7.99. And the median was 22.18.


Victrex E10 Historical Data

The historical data trend for Victrex'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.

Victrex E10 Chart

Victrex Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.05 1.11 1.14 1.06

Victrex Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 1.11 - 1.14 - 1.06

Competitive Comparison of Victrex's E10

For the Specialty Chemicals subindustry, Victrex'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.


Victrex's Shiller PE Ratio Distribution in the Chemicals Industry

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

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



Victrex 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, Victrex's adjusted earnings per share data for the fiscal year that ended in Sep. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.197/133.5000*133.5000
=0.197

Current CPI (Sep. 2024) = 133.5000.

Victrex Annual Data

per_share_eps CPI Adj_EPS
201509 0.979 100.200 1.304
201609 0.967 101.500 1.272
201709 1.162 104.300 1.487
201809 1.282 106.600 1.606
201909 1.069 108.400 1.317
202009 0.625 109.200 0.764
202109 0.840 112.400 0.998
202209 0.873 122.300 0.953
202309 0.705 130.100 0.723
202409 0.197 133.500 0.197

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


Victrex  (CHIX:VCTl) 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.

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

Shiller PE Ratio=Share Price/E10
=11.28/1.06
=10.64

* 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 Victrex was 39.95. The lowest was 7.99. And the median was 22.18.


Be Aware

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


Victrex E10 Related Terms

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


Victrex Business Description

Traded in Other Exchanges
Address
Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD
Victrex PLC is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. Its sales are generated in Europe, with Asia and the Americas contributing. The business has two segments. The industrial segment targets transportation, energy, electronics, and manufacturing, while the medical segment provides healthcare solutions for the implantable device markets.

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