Coty (NYSE:COTY) E10

: $-0.75 (As of Jun. 2023)

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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.

Coty's adjusted earnings per share data for the three months ended in Jun. 2023 was $0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.75 for the trailing ten years ended in Jun. 2023.

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.

As of today (2023-10-04), Coty's current stock price is $10.286. Coty's E10 for the quarter that ended in Jun. 2023 was $-0.75. Coty's Shiller PE Ratio of today is .

Coty E10 Historical Data

The historical data trend for Coty'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.

Coty Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

E10

-0.78

-0.73

-0.75

Coty Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
E10																-0.73	-0.75	-0.76	-0.77	-0.75

Coty 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, Coty's adjusted earnings per share data for the three months ended in Jun. 2023 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Jun. 2023 (Change)	*	Current CPI (Jun. 2023)
	=	0.03	/	128.7287	*	128.7287
	=	0.030

Current CPI (Jun. 2023) = 128.7287.

Coty Quarterly Data

	per share eps	CPI	Adj_EPS
201309	0.240	98.790	0.313
201312	0.210	98.326	0.275
201403	-0.660	99.695	-0.852
201406	-0.060	100.560	-0.077
201409	0.030	100.428	0.038
201412	0.350	99.070	0.455
201503	0.210	99.621	0.271
201506	0.050	100.684	0.064
201509	0.340	100.392	0.436
201512	0.250	99.792	0.322
201603	-0.080	100.470	-0.103
201606	-0.090	101.688	-0.114
201609	0.000	101.861	0.000
201612	0.060	101.863	0.076
201703	-0.220	102.862	-0.275
201706	-0.410	103.349	-0.511
201709	-0.030	104.136	-0.037
201712	0.150	104.011	0.186
201803	-0.100	105.290	-0.122
201806	-0.240	106.317	-0.291
201809	-0.020	106.507	-0.024
201812	-1.280	105.998	-1.554
201903	-0.020	107.251	-0.024
201906	-3.720	108.070	-4.431
201909	0.070	108.329	0.083
201912	-0.030	108.420	-0.036
202003	-0.360	108.902	-0.426
202006	-1.010	108.767	-1.195
202009	0.240	109.815	0.281
202012	-0.360	109.897	-0.422
202103	-0.020	111.754	-0.023
202106	-0.270	114.631	-0.303
202109	0.130	115.734	0.145
202112	0.230	117.630	0.252
202203	0.060	121.301	0.064
202206	-0.340	125.017	-0.350
202209	0.150	125.227	0.154
202212	0.270	125.222	0.278
202303	0.120	127.348	0.121
202306	0.030	128.729	0.030

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

Coty (NYSE:COTY) 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.

Be Aware

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

Coty E10 Related Terms

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

Coty (NYSE:COTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (NYSE:COTY) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

CO3A:Germany COTY34:Brazil

Address

350 Fifth Avenue, New York, NY, USA, 10118

Website

https://www.coty.com

Coty Inc is a global beauty firm that sells fragrance, color cosmetics, and skin and body care. It licenses brands such as Calvin Klein, Hugo Boss, Gucci, Burberry, and Davidoff for its prestige portfolio. Coty's most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, Sally Hansen, and Kylie. Coty also holds a minority stake in a salon and retail haircare business, including brands Wella, Clairol, OPI, and GHD. The company has two reportable segments such as Prestige and Consumer Beauty. It generates majority of its revenue from Prestige segment.

Executives

Priya Srinivasan	officer: Chief People & Purpose Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Rochet Lubomira	director	6425 HALL OF FAME LANE, FRISCO TX 75034
Laurent Mercier	officer: Chief Financial Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Anna Adeola Makanju	director	350 FIFTH AVENUE, NEW YORK NY 10118
Maria Asunicion Aramburuzabala	director	PASEO DE LOS TAMARINDOS 400, TORRE B PISO 25, MEXICO DF O5 0000
Johannes P Huth	director
Sue Nabi	director, officer: Chief Executive Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Bayern Anna Von	officer: Chief Corp. Affairs Officer	350 FIFTH AVENUE, NEW YORK NY 10118
Nancy G. Ford	director	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
George R Roberts	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Kkr Rainbow Aggregator L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Rainbow Aggregator Gp Llc	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Europe V S.a R.l.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Associates Europe V Scsp	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Europe V Holdings Ltd	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019