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F5 (FRA:FFV) E10 : €6.63 (As of Sep. 2024)


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What is F5 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.

F5's adjusted earnings per share data for the three months ended in Sep. 2024 was €2.523. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.63 for the trailing ten years ended in Sep. 2024.

During the past 12 months, F5's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was 8.30% per year. During the past 10 years, the average E10 Growth Rate was 13.20% 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 F5 was 48.20% per year. The lowest was 8.30% per year. And the median was 19.70% per year.

As of today (2024-12-13), F5's current stock price is €245.80. F5's E10 for the quarter that ended in Sep. 2024 was €6.63. F5's Shiller PE Ratio of today is 37.07.

During the past 13 years, the highest Shiller PE Ratio of F5 was 62.46. The lowest was 19.33. And the median was 33.89.


F5 E10 Historical Data

The historical data trend for F5'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.

F5 E10 Chart

F5 Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 5.12 6.83 6.52 6.63

F5 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 6.52 6.34 6.61 6.82 6.63

Competitive Comparison of F5's E10

For the Software - Infrastructure subindustry, F5'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.


F5's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, F5's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where F5's Shiller PE Ratio falls into.



F5 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, F5'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)
=2.523/133.0289*133.0289
=2.523

Current CPI (Sep. 2024) = 133.0289.

F5 Quarterly Data

per share eps CPI Adj_EPS
201412 0.981 99.070 1.317
201503 1.090 99.621 1.456
201506 1.149 100.684 1.518
201509 1.212 100.392 1.606
201512 1.175 99.792 1.566
201603 0.997 100.470 1.320
201606 1.219 101.688 1.595
201609 1.461 101.861 1.908
201612 1.365 101.863 1.783
201703 1.337 102.862 1.729
201706 1.353 103.349 1.742
201709 1.795 104.136 2.293
201712 1.191 104.011 1.523
201803 1.435 105.290 1.813
201806 1.703 106.317 2.131
201809 1.868 106.507 2.333
201812 1.899 105.998 2.383
201903 1.708 107.251 2.119
201906 1.266 108.070 1.558
201909 1.426 108.329 1.751
201912 1.458 108.420 1.789
202003 0.905 108.902 1.106
202006 1.012 108.767 1.238
202009 1.070 109.815 1.296
202012 1.159 109.897 1.403
202103 0.588 111.754 0.700
202106 1.212 114.631 1.407
202109 1.530 115.734 1.759
202112 1.336 117.630 1.511
202203 0.835 121.301 0.916
202206 1.296 125.017 1.379
202209 1.505 125.227 1.599
202212 1.133 125.222 1.204
202303 1.252 127.348 1.308
202306 1.366 128.729 1.412
202309 2.389 129.860 2.447
202312 2.127 129.419 2.186
202403 1.840 131.776 1.857
202406 2.267 132.554 2.275
202409 2.523 133.029 2.523

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


F5  (FRA:FFV) 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.

F5's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=245.80/6.63
=37.07

* 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 F5 was 62.46. The lowest was 19.33. And the median was 33.89.


Be Aware

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


F5 E10 Related Terms

Thank you for viewing the detailed overview of F5's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 Business Description

Traded in Other Exchanges
Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.

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