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Ameren (FRA:AE4) E10 : €3.49 (As of Sep. 2024)


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What is Ameren 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.

Ameren's adjusted earnings per share data for the three months ended in Sep. 2024 was €1.532. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.49 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ameren's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 23.20% per year. During the past 5 years, the average E10 Growth Rate was 19.40% per year. During the past 10 years, the average E10 Growth Rate was 6.50% 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 Ameren was 25.30% per year. The lowest was -13.70% per year. And the median was -3.40% per year.

As of today (2024-12-11), Ameren's current stock price is €86.50. Ameren's E10 for the quarter that ended in Sep. 2024 was €3.49. Ameren's Shiller PE Ratio of today is 24.79.

During the past 13 years, the highest Shiller PE Ratio of Ameren was 50.46. The lowest was 17.93. And the median was 32.99.


Ameren E10 Historical Data

The historical data trend for Ameren'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.

Ameren E10 Chart

Ameren 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 1.51 1.60 2.03 3.19 3.40

Ameren 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 3.51 3.40 3.55 3.65 3.49

Competitive Comparison of Ameren's E10

For the Utilities - Regulated Electric subindustry, Ameren'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.


Ameren's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ameren's Shiller PE Ratio distribution charts can be found below:

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



Ameren 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, Ameren'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)
=1.532/133.0289*133.0289
=1.532

Current CPI (Sep. 2024) = 133.0289.

Ameren Quarterly Data

per share eps CPI Adj_EPS
201412 0.162 99.070 0.218
201503 0.416 99.621 0.556
201506 0.544 100.684 0.719
201509 1.256 100.392 1.664
201512 0.110 99.792 0.147
201603 0.386 100.470 0.511
201606 0.543 101.688 0.710
201609 1.354 101.861 1.768
201612 0.123 101.863 0.161
201703 0.393 102.862 0.508
201706 0.703 103.349 0.905
201709 0.990 104.136 1.265
201712 -0.203 104.011 -0.260
201803 0.503 105.290 0.636
201806 0.830 106.317 1.039
201809 1.243 106.507 1.553
201812 0.246 105.998 0.309
201903 0.690 107.251 0.856
201906 0.637 108.070 0.784
201909 1.335 108.329 1.639
201912 0.342 108.420 0.420
202003 0.534 108.902 0.652
202006 0.870 108.767 1.064
202009 1.248 109.815 1.512
202012 0.378 109.897 0.458
202103 0.764 111.754 0.909
202106 0.664 114.631 0.771
202109 1.403 115.734 1.613
202112 0.425 117.630 0.481
202203 0.881 121.301 0.966
202206 0.757 125.017 0.806
202209 1.757 125.227 1.866
202212 0.595 125.222 0.632
202303 0.934 127.348 0.976
202306 0.831 128.729 0.859
202309 1.752 129.860 1.795
202312 0.550 129.419 0.565
202403 0.902 131.776 0.911
202406 0.901 132.554 0.904
202409 1.532 133.029 1.532

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


Ameren  (FRA:AE4) 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.

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

Shiller PE Ratio=Share Price/E10
=86.50/3.49
=24.79

* 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 Ameren was 50.46. The lowest was 17.93. And the median was 32.99.


Be Aware

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


Ameren E10 Related Terms

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


Ameren Business Description

Traded in Other Exchanges
Address
1901 Chouteau Avenue, St. Louis, MO, USA, 63103
Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas in Missouri and Illinois. It serves more than 2.4 million electricity customers and more than 900,000 natural gas customers.

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