GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tivoli AS (FRA:6YE) » Definitions » E10

Tivoli AS (FRA:6YE) E10 : €1.31 (As of Sep. 2024)


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

What is Tivoli AS 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.

Tivoli AS's adjusted earnings per share data for the three months ended in Sep. 2024 was €2.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.31 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tivoli AS's average E10 Growth Rate was 14.90% per year. During the past 3 years, the average E10 Growth Rate was 9.10% per year. During the past 5 years, the average E10 Growth Rate was 7.00% 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 Tivoli AS was 9.10% per year. The lowest was -1.00% per year. And the median was 7.50% per year.

As of today (2025-03-17), Tivoli AS's current stock price is €79.80. Tivoli AS's E10 for the quarter that ended in Sep. 2024 was €1.31. Tivoli AS's Shiller PE Ratio of today is 60.92.

During the past 13 years, the highest Shiller PE Ratio of Tivoli AS was 308.68. The lowest was 60.90. And the median was 99.38.


Tivoli AS E10 Historical Data

The historical data trend for Tivoli AS'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.

Tivoli AS E10 Chart

Tivoli AS 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 - - - - 1.15

Tivoli AS 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 1.11 1.15 1.13 1.23 1.31

Competitive Comparison of Tivoli AS's E10

For the Leisure subindustry, Tivoli AS'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.


Tivoli AS's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's Shiller PE Ratio distribution charts can be found below:

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



Tivoli AS 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, Tivoli AS'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)
=2.28/118.9000*118.9000
=2.280

Current CPI (Sep. 2024) = 118.9000.

Tivoli AS Quarterly Data

per share eps CPI Adj_EPS
201412 0.752 99.400 0.900
201503 -1.160 100.200 -1.376
201506 0.402 100.300 0.477
201509 1.207 100.200 1.432
201512 0.572 99.800 0.681
201603 -1.354 100.200 -1.607
201606 0.430 100.600 0.508
201609 1.530 100.200 1.816
201612 1.156 100.300 1.370
201703 -1.371 101.200 -1.611
201706 0.430 101.200 0.505
201709 1.505 101.800 1.758
201712 1.276 101.300 1.498
201803 -1.208 101.700 -1.412
201806 0.537 102.300 0.624
201809 1.608 102.400 1.867
201812 1.273 102.100 1.482
201903 -1.393 102.900 -1.610
201906 0.616 102.900 0.712
201909 3.871 102.900 4.473
201912 0.827 102.900 0.956
202003 -1.619 103.300 -1.863
202006 -0.858 103.200 -0.989
202009 -0.021 103.500 -0.024
202012 -0.874 103.400 -1.005
202103 -1.936 104.300 -2.207
202106 -0.282 105.000 -0.319
202109 0.646 105.800 0.726
202112 0.605 106.600 0.675
202203 -1.785 109.900 -1.931
202206 0.766 113.600 0.802
202209 1.774 116.400 1.812
202212 0.766 115.900 0.786
202303 -2.311 117.300 -2.343
202306 0.940 116.400 0.960
202309 2.065 117.400 2.091
202312 1.328 116.700 1.353
202403 -2.052 118.400 -2.061
202406 0.978 118.500 0.981
202409 2.280 118.900 2.280

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


Tivoli AS  (FRA:6YE) 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.

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

Shiller PE Ratio=Share Price/E10
=79.80/1.31
=60.92

* 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 Tivoli AS was 308.68. The lowest was 60.90. And the median was 99.38.


Be Aware

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


Tivoli AS E10 Related Terms

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


Tivoli AS Business Description

Traded in Other Exchanges
Address
Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, and entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, a circus. The company operates in six business segments Games & Casino, Food & Beverage, high end, Enterprise Rental, Sales, Culture.

Tivoli AS Headlines

No Headlines