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Fidus Investment (FRA:8QP) E10 : €2.50 (As of Dec. 2024)


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What is Fidus Investment 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.

Fidus Investment's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.497. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.50 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Fidus Investment's average E10 Growth Rate was 5.20% per year. During the past 3 years, the average E10 Growth Rate was 4.10% per year. During the past 5 years, the average E10 Growth Rate was 7.70% 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 Fidus Investment was 9.20% per year. The lowest was 4.10% per year. And the median was 9.10% per year.

As of today (2025-03-20), Fidus Investment's current stock price is €19.60. Fidus Investment's E10 for the quarter that ended in Dec. 2024 was €2.50. Fidus Investment's Shiller PE Ratio of today is 7.84.

During the past 13 years, the highest Shiller PE Ratio of Fidus Investment was 9.02. The lowest was 2.98. And the median was 7.86.


Fidus Investment E10 Historical Data

The historical data trend for Fidus Investment'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.

Fidus Investment E10 Chart

Fidus Investment 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 - 2.05 2.24 2.25 2.50

Fidus Investment Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.25 2.34 2.44 2.33 2.50

Competitive Comparison of Fidus Investment's E10

For the Asset Management subindustry, Fidus Investment'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.


Fidus Investment's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidus Investment's Shiller PE Ratio distribution charts can be found below:

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



Fidus Investment 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, Fidus Investment's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.497/133.1571*133.1571
=0.497

Current CPI (Dec. 2024) = 133.1571.

Fidus Investment Quarterly Data

per share eps CPI Adj_EPS
201503 0.370 99.621 0.495
201506 0.347 100.684 0.459
201509 0.303 100.392 0.402
201512 0.441 99.792 0.588
201603 0.413 100.470 0.547
201606 0.659 101.688 0.863
201609 0.401 101.861 0.524
201612 0.588 101.863 0.769
201703 0.393 102.862 0.509
201706 0.392 103.349 0.505
201709 0.411 104.136 0.526
201712 0.431 104.011 0.552
201803 0.495 105.290 0.626
201806 0.265 106.317 0.332
201809 0.523 106.507 0.654
201812 0.431 105.998 0.541
201903 0.407 107.251 0.505
201906 0.115 108.070 0.142
201909 0.518 108.329 0.637
201912 0.738 108.420 0.906
202003 -0.995 108.902 -1.217
202006 0.293 108.767 0.359
202009 0.722 109.815 0.875
202012 0.995 109.897 1.206
202103 0.395 111.754 0.471
202106 0.880 114.631 1.022
202109 0.986 115.734 1.134
202112 1.823 117.630 2.064
202203 0.436 121.301 0.479
202206 0.312 125.017 0.332
202209 0.475 125.227 0.505
202212 0.179 125.222 0.190
202303 0.579 127.348 0.605
202306 0.406 128.729 0.420
202309 0.853 129.860 0.875
202312 0.862 129.419 0.887
202403 0.598 131.776 0.604
202406 0.697 132.554 0.700
202409 0.441 133.029 0.441
202412 0.497 133.157 0.497

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


Fidus Investment  (FRA:8QP) 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.

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

Shiller PE Ratio=Share Price/E10
=19.60/2.50
=7.84

* 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 Fidus Investment was 9.02. The lowest was 2.98. And the median was 7.86.


Be Aware

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


Fidus Investment E10 Related Terms

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


Fidus Investment Business Description

Traded in Other Exchanges
Address
1603 Orrington Avenue, Suite 1005, Evanston, IL, USA, 60201
Fidus Investment Corp is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. The company's portfolio of investments is comprised of securities of companies from different industries such as, Information Technology Services, Business Services, Healthcare Products among others.

Fidus Investment Headlines

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