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Intel (FRA:INL) E10 : €3.28 (As of Mar. 2024)


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What is Intel 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.

Intel's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.083. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Intel's average E10 Growth Rate was -2.50% per year. During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 8.90% per year. During the past 10 years, the average E10 Growth Rate was 10.20% 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 Intel was 38.30% per year. The lowest was -0.60% per year. And the median was 9.30% per year.

As of today (2024-05-02), Intel's current stock price is €28.54. Intel's E10 for the quarter that ended in Mar. 2024 was €3.28. Intel's Shiller PE Ratio of today is 8.70.

During the past 13 years, the highest Shiller PE Ratio of Intel was 27.18. The lowest was 6.79. And the median was 17.91.


Intel E10 Historical Data

The historical data trend for Intel'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.

Intel E10 Chart

Intel 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 2.53 2.50 3.15 3.41 3.27

Intel Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.36 3.35 3.41 3.27 3.28

Competitive Comparison of Intel's E10

For the Semiconductors subindustry, Intel'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.


Intel's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.083/129.4194*129.4194
=-0.083

Current CPI (Mar. 2024) = 129.4194.

Intel Quarterly Data

per share eps CPI Adj_EPS
201406 0.405 100.560 0.521
201409 0.512 100.428 0.660
201412 0.600 99.070 0.784
201503 0.379 99.621 0.492
201506 0.490 100.684 0.630
201509 0.570 100.392 0.735
201512 0.679 99.792 0.881
201603 0.377 100.470 0.486
201606 0.240 101.688 0.305
201609 0.615 101.861 0.781
201612 0.692 101.863 0.879
201703 0.570 102.862 0.717
201706 0.516 103.349 0.646
201709 0.789 104.136 0.981
201712 -0.127 104.011 -0.158
201803 0.754 105.290 0.927
201806 0.899 106.317 1.094
201809 1.183 106.507 1.437
201812 0.984 105.998 1.201
201903 0.770 107.251 0.929
201906 0.814 108.070 0.975
201909 1.226 108.329 1.465
201912 1.422 108.420 1.697
202003 1.186 108.902 1.409
202006 1.057 108.767 1.258
202009 0.866 109.815 1.021
202012 1.167 109.897 1.374
202103 0.689 111.754 0.798
202106 1.029 114.631 1.162
202109 1.420 115.734 1.588
202112 1.000 117.630 1.100
202203 1.798 121.301 1.918
202206 -0.104 125.017 -0.108
202209 0.253 125.227 0.261
202212 -0.151 125.222 -0.156
202303 -0.616 127.348 -0.626
202306 0.323 128.729 0.325
202309 0.066 129.860 0.066
202312 0.578 129.419 0.578
202403 -0.083 129.419 -0.083

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


Intel  (FRA:INL) 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.

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

Shiller PE Ratio=Share Price/E10
=28.54/3.28
=8.70

* 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 Intel was 27.18. The lowest was 6.79. And the median was 17.91.


Be Aware

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


Intel E10 Related Terms

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


Intel (FRA:INL) Business Description

Address
2200 Mission College Boulevard, Santa Clara, CA, USA, 95054-1549
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

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