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Elbit Systems (FRA:EB2) E10 : €5.65 (As of Sep. 2024)


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What is Elbit Systems 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.

Elbit Systems's adjusted earnings per share data for the three months ended in Sep. 2024 was €1.595. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.65 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Elbit Systems's average E10 Growth Rate was 3.40% per year. During the past 3 years, the average E10 Growth Rate was 8.20% per year. During the past 5 years, the average E10 Growth Rate was 6.40% 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 Elbit Systems was 25.90% per year. The lowest was 1.00% per year. And the median was 10.35% per year.

As of today (2025-03-17), Elbit Systems's current stock price is €342.80. Elbit Systems's E10 for the quarter that ended in Sep. 2024 was €5.65. Elbit Systems's Shiller PE Ratio of today is 60.67.

During the past 13 years, the highest Shiller PE Ratio of Elbit Systems was 55.47. The lowest was 21.24. And the median was 26.79.


Elbit Systems E10 Historical Data

The historical data trend for Elbit Systems'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.

Elbit Systems E10 Chart

Elbit Systems 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 4.46 4.40 5.83 5.88 5.61

Elbit Systems 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 5.66 5.61 5.75 5.87 5.65

Competitive Comparison of Elbit Systems's E10

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems's Shiller PE Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Shiller PE Ratio distribution charts can be found below:

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



Elbit Systems 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, Elbit Systems'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)
=1.595/133.0289*133.0289
=1.595

Current CPI (Sep. 2024) = 133.0289.

Elbit Systems Quarterly Data

per share eps CPI Adj_EPS
201412 0.835 99.070 1.121
201503 0.961 99.621 1.283
201506 0.944 100.684 1.247
201509 1.034 100.392 1.370
201512 1.349 99.792 1.798
201603 1.096 100.470 1.451
201606 1.130 101.688 1.478
201609 1.319 101.861 1.723
201612 1.488 101.863 1.943
201703 1.000 102.862 1.293
201706 1.299 103.349 1.672
201709 1.208 104.136 1.543
201712 1.369 104.011 1.751
201803 0.941 105.290 1.189
201806 1.840 106.317 2.302
201809 1.286 106.507 1.606
201812 0.026 105.998 0.033
201903 1.044 107.251 1.295
201906 1.080 108.070 1.329
201909 1.480 108.329 1.817
201912 1.044 108.420 1.281
202003 1.303 108.902 1.592
202006 1.794 108.767 2.194
202009 0.323 109.815 0.391
202012 1.258 109.897 1.523
202103 1.378 111.754 1.640
202106 1.909 114.631 2.215
202109 1.768 115.734 2.032
202112 0.159 117.630 0.180
202203 1.081 121.301 1.186
202206 1.722 125.017 1.832
202209 1.273 125.227 1.352
202212 1.803 125.222 1.915
202303 1.308 127.348 1.366
202306 1.292 128.729 1.335
202309 1.274 129.860 1.305
202312 0.614 129.419 0.631
202403 1.518 131.776 1.532
202406 1.635 132.554 1.641
202409 1.595 133.029 1.595

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


Elbit Systems  (FRA:EB2) 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.

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

Shiller PE Ratio=Share Price/E10
=342.80/5.65
=60.67

* 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 Elbit Systems was 55.47. The lowest was 21.24. And the median was 26.79.


Be Aware

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


Elbit Systems E10 Related Terms

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


Elbit Systems Business Description

Traded in Other Exchanges
Address
Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.

Elbit Systems Headlines

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