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Manchester United (FRA:MUF) E10 : €-0.23 (As of Sep. 2024)


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What is Manchester United 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.

Manchester United's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.009. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.23 for the trailing ten years ended in Sep. 2024.

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.

As of today (2024-12-15), Manchester United's current stock price is €16.31. Manchester United's E10 for the quarter that ended in Sep. 2024 was €-0.23. Manchester United's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Manchester United was 2365.00. The lowest was 4.91. And the median was 99.00.


Manchester United E10 Historical Data

The historical data trend for Manchester United'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.

Manchester United E10 Chart

Manchester United Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 0.16 0.08 -0.12 -0.23

Manchester United 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 -0.14 -0.14 -0.21 -0.23 -0.23

Competitive Comparison of Manchester United's E10

For the Entertainment subindustry, Manchester United'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.


Manchester United's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's Shiller PE Ratio distribution charts can be found below:

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



Manchester United 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, Manchester United'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)
=0.009/133.5000*133.5000
=0.009

Current CPI (Sep. 2024) = 133.5000.

Manchester United Quarterly Data

per share eps CPI Adj_EPS
201412 0.000 99.900 0.000
201503 -0.024 99.600 -0.032
201506 -0.061 100.100 -0.081
201509 0.041 100.200 0.055
201512 0.156 100.400 0.207
201603 0.107 100.400 0.142
201606 -0.013 101.000 -0.017
201609 0.008 101.500 0.011
201612 0.126 102.200 0.165
201703 -0.027 102.700 -0.035
201706 0.168 103.500 0.217
201709 0.065 104.300 0.083
201712 -0.136 105.000 -0.173
201803 0.047 105.100 0.060
201806 -0.113 105.900 -0.142
201809 0.045 106.600 0.056
201812 0.181 107.100 0.226
201903 0.054 107.000 0.067
201906 -0.151 107.900 -0.187
201909 0.008 108.400 0.010
201912 0.251 108.500 0.309
202003 -0.156 108.600 -0.192
202006 -0.249 108.800 -0.306
202009 -0.204 109.200 -0.249
202012 0.432 109.400 0.527
202103 -0.130 109.700 -0.158
202106 -0.769 111.400 -0.922
202109 -0.111 112.400 -0.132
202112 -0.010 114.700 -0.012
202203 -0.203 116.500 -0.233
202206 -0.506 120.500 -0.561
202209 -0.186 122.300 -0.203
202212 0.044 125.300 0.047
202303 -0.039 126.800 -0.041
202306 -0.021 129.400 -0.022
202309 -0.183 130.100 -0.188
202312 0.144 130.500 0.147
202403 -0.504 131.600 -0.511
202406 -0.253 133.000 -0.254
202409 0.009 133.500 0.009

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


Manchester United  (FRA:MUF) 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.

During the past 13 years, the highest Shiller P/E Ratio of Manchester United was 2365.00. The lowest was 4.91. And the median was 99.00.


Be Aware

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


Manchester United E10 Related Terms

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


Manchester United Business Description

Traded in Other Exchanges
Address
Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.

Manchester United Headlines

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