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Note AB (FRA:NQA) E10 : €0.43 (As of Mar. 2024)


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What is Note AB 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.

Note AB's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.194. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Note AB's average E10 Growth Rate was 30.30% per year. During the past 3 years, the average E10 Growth Rate was 38.70% per year. During the past 5 years, the average E10 Growth Rate was 88.20% 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 Note AB was 165.00% per year. The lowest was 22.50% per year. And the median was 45.10% per year.

As of today (2024-06-23), Note AB's current stock price is €12.71. Note AB's E10 for the quarter that ended in Mar. 2024 was €0.43. Note AB's Shiller PE Ratio of today is 29.56.

During the past 13 years, the highest Shiller PE Ratio of Note AB was 198.46. The lowest was 18.64. And the median was 45.17.


Note AB E10 Historical Data

The historical data trend for Note AB'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.

Note AB E10 Chart

Note AB 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 - 0.18 0.24 0.32 0.43

Note AB 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 0.33 0.35 0.39 0.43 0.43

Competitive Comparison of Note AB's E10

For the Electronic Components subindustry, Note AB'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.


Note AB's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Note AB's Shiller PE Ratio distribution charts can be found below:

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



Note AB 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, Note AB'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)
=0.194/132.2054*132.2054
=0.194

Current CPI (Mar. 2024) = 132.2054.

Note AB Quarterly Data

per share eps CPI Adj_EPS
201406 0.022 100.432 0.029
201409 0.033 100.161 0.044
201412 0.026 100.225 0.034
201503 0.035 99.950 0.046
201506 0.031 99.995 0.041
201509 0.036 100.228 0.047
201512 0.026 100.276 0.034
201603 0.038 100.751 0.050
201606 0.041 101.019 0.054
201609 0.040 101.138 0.052
201612 0.046 102.022 0.060
201703 0.098 102.022 0.127
201706 0.041 102.752 0.053
201709 0.058 103.279 0.074
201712 0.061 103.793 0.078
201803 0.041 103.962 0.052
201806 0.057 104.875 0.072
201809 0.036 105.679 0.045
201812 0.081 105.912 0.101
201903 0.070 105.886 0.087
201906 0.079 106.742 0.098
201909 0.076 107.214 0.094
201912 0.089 107.766 0.109
202003 0.073 106.563 0.091
202006 0.113 107.498 0.139
202009 0.093 107.635 0.114
202012 0.108 108.296 0.132
202103 0.105 108.360 0.128
202106 0.162 108.928 0.197
202109 0.163 110.338 0.195
202112 0.229 112.486 0.269
202203 0.184 114.825 0.212
202206 0.190 118.384 0.212
202209 0.127 122.296 0.137
202212 0.313 126.365 0.327
202303 0.260 127.042 0.271
202306 0.234 129.407 0.239
202309 0.189 130.224 0.192
202312 0.282 131.912 0.283
202403 0.194 132.205 0.194

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


Note AB  (FRA:NQA) 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.

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

Shiller PE Ratio=Share Price/E10
=12.71/0.43
=29.56

* 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 Note AB was 198.46. The lowest was 18.64. And the median was 45.17.


Be Aware

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


Note AB E10 Related Terms

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


Note AB (FRA:NQA) Business Description

Traded in Other Exchanges
Address
Box 3691, Stockholm, SWE, 103 59
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.

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