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Marvell Technology (FRA:9MW) E10 : €0.05 (As of Jan. 2024)


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What is Marvell Technology 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.

Marvell Technology's adjusted earnings per share data for the three months ended in Jan. 2024 was €-0.413. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.05 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Marvell Technology's average E10 Growth Rate was -79.20% per year. During the past 3 years, the average E10 Growth Rate was -51.90% per year. During the past 5 years, the average E10 Growth Rate was -34.00% per year. During the past 10 years, the average E10 Growth Rate was -12.50% 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 Marvell Technology was 57.70% per year. The lowest was -51.90% per year. And the median was -3.70% per year.

As of today (2024-05-15), Marvell Technology's current stock price is €63.55. Marvell Technology's E10 for the quarter that ended in Jan. 2024 was €0.05. Marvell Technology's Shiller PE Ratio of today is 1,271.00.

During the past 13 years, the highest Shiller PE Ratio of Marvell Technology was 1552.20. The lowest was 20.53. And the median was 42.63.


Marvell Technology E10 Historical Data

The historical data trend for Marvell Technology'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.

Marvell Technology E10 Chart

Marvell Technology Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.38 0.27 0.22 0.05

Marvell Technology Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.22 0.18 0.15 0.12 0.05

Competitive Comparison of Marvell Technology's E10

For the Semiconductors subindustry, Marvell Technology'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.


Marvell Technology's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Marvell Technology's Shiller PE Ratio distribution charts can be found below:

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



Marvell Technology 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, Marvell Technology's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.413/129.4194*129.4194
=-0.413

Current CPI (Jan. 2024) = 129.4194.

Marvell Technology Quarterly Data

per share eps CPI Adj_EPS
201404 0.138 100.023 0.179
201407 0.200 100.520 0.257
201410 0.174 100.176 0.225
201501 0.138 98.604 0.181
201504 0.028 99.824 0.036
201507 -1.354 100.691 -1.740
201510 -0.098 100.346 -0.126
201601 0.009 99.957 0.012
201604 -0.035 100.947 -0.045
201607 0.090 101.524 0.115
201610 0.127 101.988 0.161
201701 -0.150 102.456 -0.189
201704 0.196 103.167 0.246
201707 0.277 103.278 0.347
201710 0.340 104.070 0.423
201801 0.082 104.578 0.101
201804 0.204 105.708 0.250
201807 0.009 106.324 0.011
201810 -0.070 106.695 -0.085
201901 -0.350 106.200 -0.427
201904 -0.062 107.818 -0.074
201907 -0.080 108.250 -0.096
201910 -0.108 108.577 -0.129
202001 2.361 108.841 2.807
202004 -0.156 108.173 -0.187
202007 -0.209 109.318 -0.247
202010 -0.026 109.861 -0.031
202101 0.016 110.364 0.019
202104 -0.109 112.673 -0.125
202107 -0.288 115.183 -0.324
202110 -0.069 116.696 -0.077
202201 0.009 118.619 0.010
202204 -0.185 121.978 -0.196
202207 0.010 125.002 0.010
202210 0.020 125.734 0.021
202301 -0.019 126.223 -0.019
202304 -0.182 127.992 -0.184
202307 -0.217 128.974 -0.218
202310 -0.180 129.810 -0.179
202401 -0.413 129.419 -0.413

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


Marvell Technology  (FRA:9MW) 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.

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

Shiller PE Ratio=Share Price/E10
=63.55/0.05
=1,271.00

* 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 Marvell Technology was 1552.20. The lowest was 20.53. And the median was 42.63.


Be Aware

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


Marvell Technology E10 Related Terms

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


Marvell Technology (FRA:9MW) Business Description

Address
1000 N. West Street, Suite 1200, Wilmington, DE, USA, 19801
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

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