GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (FRA:GR3) » Definitions » E10

Greif (FRA:GR3) E10 : €3.63 (As of Apr. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Greif 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.

Greif's adjusted earnings per share data for the three months ended in Apr. 2024 was €0.718. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.63 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Greif's average E10 Growth Rate was 6.30% per year. During the past 3 years, the average E10 Growth Rate was 16.90% per year. During the past 5 years, the average E10 Growth Rate was 9.40% per year. During the past 10 years, the average E10 Growth Rate was 2.30% 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 Greif was 21.80% per year. The lowest was -3.10% per year. And the median was 7.60% per year.

As of today (2024-06-13), Greif's current stock price is €55.50. Greif's E10 for the quarter that ended in Apr. 2024 was €3.63. Greif's Shiller PE Ratio of today is 15.29.

During the past 13 years, the highest Shiller PE Ratio of Greif was 25.81. The lowest was 9.20. And the median was 18.63.


Greif E10 Historical Data

The historical data trend for Greif'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.

Greif E10 Chart

Greif Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.31 2.01 2.41 3.54 3.56

Greif Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.33 3.40 3.56 3.54 3.63

Competitive Comparison of Greif's E10

For the Packaging & Containers subindustry, Greif'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.


Greif's Shiller PE Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Shiller PE Ratio distribution charts can be found below:

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



Greif 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, Greif's adjusted earnings per share data for the three months ended in Apr. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=0.718/131.7762*131.7762
=0.718

Current CPI (Apr. 2024) = 131.7762.

Greif Quarterly Data

per share eps CPI Adj_EPS
201407 0.170 100.520 0.223
201410 0.118 100.176 0.155
201501 0.448 98.604 0.599
201504 0.323 99.824 0.426
201507 0.136 100.691 0.178
201510 0.187 100.346 0.246
201601 -0.175 99.957 -0.231
201604 0.467 100.947 0.610
201607 0.706 101.524 0.916
201610 0.127 101.988 0.164
201701 0.094 102.456 0.121
201704 0.569 103.167 0.727
201707 0.642 103.278 0.819
201710 0.485 104.070 0.614
201801 0.787 104.578 0.992
201804 0.628 105.708 0.783
201807 0.984 106.324 1.220
201810 0.583 106.695 0.720
201901 0.447 106.200 0.555
201904 0.205 107.818 0.251
201907 0.946 108.250 1.152
201910 0.985 108.577 1.195
202001 0.496 108.841 0.601
202004 0.175 108.173 0.213
202007 0.304 109.318 0.366
202010 0.629 109.861 0.754
202101 0.328 110.364 0.392
202104 2.098 112.673 2.454
202107 1.599 115.183 1.829
202110 1.500 116.696 1.694
202201 0.150 118.619 0.167
202204 1.935 121.978 2.090
202207 2.320 125.002 2.446
202210 1.695 125.734 1.776
202301 1.429 126.223 1.492
202304 1.733 127.992 1.784
202307 1.401 128.974 1.431
202310 1.099 129.810 1.116
202401 1.074 130.124 1.088
202404 0.718 131.776 0.718

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


Greif  (FRA:GR3) 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.

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

Shiller PE Ratio=Share Price/E10
=55.50/3.63
=15.29

* 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 Greif was 25.81. The lowest was 9.20. And the median was 18.63.


Be Aware

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


Greif E10 Related Terms

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


Greif (FRA:GR3) Business Description

Traded in Other Exchanges
Address
425 Winter Road, Delaware, OH, USA, 43015
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

Greif (FRA:GR3) Headlines

No Headlines