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Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) E10 : $2.30 (As of Dec. 2023)


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What is Carl Zeiss Meditec AG 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.

Carl Zeiss Meditec AG's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.458. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.30 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Carl Zeiss Meditec AG's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 18.80% per year. During the past 5 years, the average E10 Growth Rate was 14.80% 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 Carl Zeiss Meditec AG was 18.80% per year. The lowest was 11.30% per year. And the median was 15.30% per year.

As of today (2024-04-29), Carl Zeiss Meditec AG's current stock price is $107.338. Carl Zeiss Meditec AG's E10 for the quarter that ended in Dec. 2023 was $2.30. Carl Zeiss Meditec AG's Shiller PE Ratio of today is 46.67.

During the past 13 years, the highest Shiller PE Ratio of Carl Zeiss Meditec AG was 139.08. The lowest was 36.21. And the median was 73.80.


Carl Zeiss Meditec AG E10 Historical Data

The historical data trend for Carl Zeiss Meditec AG'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.

Carl Zeiss Meditec AG E10 Chart

Carl Zeiss Meditec AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 1.46 1.67 1.82 2.20

Carl Zeiss Meditec AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.97 2.09 2.20 2.20 2.30

Competitive Comparison of Carl Zeiss Meditec AG's E10

For the Medical Instruments & Supplies subindustry, Carl Zeiss Meditec AG'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.


Carl Zeiss Meditec AG's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Carl Zeiss Meditec AG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Carl Zeiss Meditec AG's Shiller PE Ratio falls into.



Carl Zeiss Meditec AG 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, Carl Zeiss Meditec AG's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.458/123.6675*123.6675
=0.458

Current CPI (Dec. 2023) = 123.6675.

Carl Zeiss Meditec AG Quarterly Data

per share eps CPI Adj_EPS
201403 0.332 99.543 0.412
201406 0.299 99.543 0.371
201409 0.271 99.823 0.336
201412 0.284 99.543 0.353
201503 0.152 99.717 0.189
201506 0.303 100.417 0.373
201509 0.146 100.417 0.180
201512 0.229 99.717 0.284
201603 0.423 100.017 0.523
201606 0.270 100.717 0.332
201609 0.426 101.017 0.522
201612 0.401 101.217 0.490
201703 0.406 101.417 0.495
201706 0.382 102.117 0.463
201709 0.560 102.717 0.674
201712 0.379 102.617 0.457
201803 0.382 102.917 0.459
201806 0.339 104.017 0.403
201809 0.572 104.718 0.676
201812 0.364 104.217 0.432
201903 0.373 104.217 0.443
201906 0.644 105.718 0.753
201909 0.628 106.018 0.733
201912 0.478 105.818 0.559
202003 0.309 105.718 0.361
202006 0.068 106.618 0.079
202009 0.707 105.818 0.826
202012 0.633 105.518 0.742
202103 0.726 107.518 0.835
202106 1.108 108.486 1.263
202109 0.706 109.435 0.798
202112 0.475 110.384 0.532
202203 1.112 113.968 1.207
202206 0.740 115.760 0.791
202209 1.139 118.818 1.185
202212 0.604 119.345 0.626
202303 0.739 122.402 0.747
202306 1.116 123.140 1.121
202309 1.025 124.195 1.021
202312 0.458 123.668 0.458

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


Carl Zeiss Meditec AG  (OTCPK:CZMWY) 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.

Carl Zeiss Meditec AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=107.338/2.3
=46.67

* 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 Carl Zeiss Meditec AG was 139.08. The lowest was 36.21. And the median was 73.80.


Be Aware

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


Carl Zeiss Meditec AG E10 Related Terms

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


Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) Business Description

Address
Goschwitzer Strasse 51-52, Jena, TH, DEU, 07745
Carl Zeiss Meditec is one of the largest medical technology companies in the world and it operates in two segments: Ophthalmic devices and Microsurgery. OPT, which made up 75% of sales in 2022, includes refractive lasers, surgical ophthalmic devices, equipment for ophthalmic diagnostics, as well as a portfolio of intraocular lenses and disposable medical instruments. With a low-teens share of the market, Zeiss is the second-largest player in the space. MCS is composed of implants, surgical instruments, and visualization devices used during neurosurgery, spine surgery, and otolaryngology surgery. With over 60% market share, Zeiss is the clear leader in the microsurgery space.