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CMCSA (Comcast) E10 : $3.36 (As of Mar. 2025)


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What is Comcast 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.

Comcast's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.36 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Comcast's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 10.30% per year. During the past 10 years, the average E10 Growth Rate was 15.60% 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 Comcast was 79.20% per year. The lowest was -0.90% per year. And the median was 14.50% per year.

As of today (2025-06-24), Comcast's current stock price is $35.21. Comcast's E10 for the quarter that ended in Mar. 2025 was $3.36. Comcast's Shiller PE Ratio of today is 10.48.

During the past 13 years, the highest Shiller PE Ratio of Comcast was 37.49. The lowest was 9.93. And the median was 21.53.


Comcast E10 Historical Data

The historical data trend for Comcast'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.

Comcast E10 Chart

Comcast 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 2.19 2.56 2.70 2.99 3.28

Comcast Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.10 3.16 3.20 3.28 3.36

Competitive Comparison of Comcast's E10

For the Telecom Services subindustry, Comcast'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.


Comcast's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Comcast's Shiller PE Ratio distribution charts can be found below:

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


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Comcast 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, Comcast's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.89/134.9266*134.9266
=0.890

Current CPI (Mar. 2025) = 134.9266.

Comcast Quarterly Data

per share eps CPI Adj_EPS
201506 0.420 100.684 0.563
201509 0.400 100.392 0.538
201512 0.395 99.792 0.534
201603 0.430 100.470 0.577
201606 0.410 101.688 0.544
201609 0.460 101.861 0.609
201612 0.451 101.863 0.597
201703 0.530 102.862 0.695
201706 0.520 103.349 0.679
201709 0.550 104.136 0.713
201712 3.170 104.011 4.112
201803 0.660 105.290 0.846
201806 0.690 106.317 0.876
201809 0.620 106.507 0.785
201812 0.550 105.998 0.700
201903 0.770 107.251 0.969
201906 0.680 108.070 0.849
201909 0.700 108.329 0.872
201912 0.680 108.420 0.846
202003 0.460 108.902 0.570
202006 0.650 108.767 0.806
202009 0.440 109.815 0.541
202012 0.730 109.897 0.896
202103 0.710 111.754 0.857
202106 0.800 114.631 0.942
202109 0.860 115.734 1.003
202112 0.660 117.630 0.757
202203 0.780 121.301 0.868
202206 0.760 125.017 0.820
202209 -1.050 125.227 -1.131
202212 0.700 125.222 0.754
202303 0.910 127.348 0.964
202306 1.020 128.729 1.069
202309 0.980 129.860 1.018
202312 0.810 129.419 0.844
202403 0.970 131.776 0.993
202406 1.000 132.554 1.018
202409 0.940 133.029 0.953
202412 1.240 133.157 1.256
202503 0.890 134.927 0.890

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


Comcast  (NAS:CMCSA) 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.

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

Shiller PE Ratio=Share Price/E10
=35.21/3.36
=10.48

* 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 Comcast was 37.49. The lowest was 9.93. And the median was 21.53.


Be Aware

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


Comcast E10 Related Terms

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


Comcast Business Description

Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 64 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. The firm plans to spin off most of its cable networks later in 2025. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy, and it also has a presence in Germany and Austria.
Executives
Brian L Roberts director, officer: Chairman of Board, Pres. & CEO COMCAST CORP, ONE COMCAST CENTER, 1701 JFK BOULEVARD, PHILIDELPHIA PA 19103
Michael J Cavanagh officer: CFO 1 BANK ONE PLAZA, IL1-0877, CHICAGO IL 60670
Kenneth J Bacon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Jason Armstrong officer: CFO & Treasurer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Louise F. Brady director 22 SYLVAN WAY, PARSIPPANY NY 07054
Baltimore Thomas J Jr director PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Jennifer Khoury officer: Chief Communications Officer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Daniel C. Murdock officer: SVP & Chief Accounting Officer 1500 MARKET STREET, PHILADELPHIA PA 19102
David N Watson officer: Sr. EVP 1100 CASSATT ROAD, BERWYN PA 19312
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Adam Louis Miller officer: Sr. EVP ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Dana Strong officer: CEO - Sky C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Jeff Shell officer: CEO - NBCUniversal C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Naomi M. Bergman director 210 E. EARLL DRIVE, PHOENIX AZ 85012
Sheldon M Bonovitz director

Comcast Headlines

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