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TD Synnex (FRA:SUX) E10 : €7.54 (As of Feb. 2024)


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What is TD Synnex 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.

TD Synnex's adjusted earnings per share data for the three months ended in Feb. 2024 was €1.789. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €7.54 for the trailing ten years ended in Feb. 2024.

During the past 12 months, TD Synnex's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was 8.50% per year. During the past 5 years, the average E10 Growth Rate was 10.30% per year. During the past 10 years, the average E10 Growth Rate was 11.80% 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 TD Synnex was 13.90% per year. The lowest was 8.50% per year. And the median was 11.90% per year.

As of today (2024-04-29), TD Synnex's current stock price is €108.00. TD Synnex's E10 for the quarter that ended in Feb. 2024 was €7.54. TD Synnex's Shiller PE Ratio of today is 14.32.

During the past 13 years, the highest Shiller PE Ratio of TD Synnex was 19.04. The lowest was 5.65. And the median was 12.10.


TD Synnex E10 Historical Data

The historical data trend for TD Synnex'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.

TD Synnex E10 Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.65 10.94 6.50 7.27 7.46

TD Synnex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 7.32 7.62 7.63 7.46 7.54

Competitive Comparison of TD Synnex's E10

For the Electronics & Computer Distribution subindustry, TD Synnex'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.


TD Synnex's Shiller PE Ratio Distribution in the Hardware Industry

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

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



TD Synnex 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, TD Synnex's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.789/129.4194*129.4194
=1.789

Current CPI (Feb. 2024) = 129.4194.

TD Synnex Quarterly Data

per share eps CPI Adj_EPS
201405 0.728 100.373 0.939
201408 0.856 100.352 1.104
201411 1.155 99.635 1.500
201502 1.022 99.032 1.336
201505 1.163 100.333 1.500
201508 1.087 100.548 1.399
201511 1.454 100.135 1.879
201602 1.055 100.040 1.365
201605 0.981 101.355 1.253
201608 1.311 101.617 1.670
201611 1.975 101.829 2.510
201702 1.446 102.779 1.821
201705 1.656 103.256 2.076
201708 1.584 103.587 1.979
201711 1.926 104.072 2.395
201802 0.486 105.052 0.599
201805 1.980 106.148 2.414
201808 1.455 106.383 1.770
201811 2.121 106.338 2.581
201902 1.489 106.649 1.807
201905 1.994 108.048 2.388
201908 2.158 108.245 2.580
201911 3.086 108.519 3.680
202002 2.164 109.139 2.566
202005 1.009 108.175 1.207
202008 2.197 109.662 2.593
202011 3.502 109.793 4.128
202102 1.398 110.968 1.630
202105 1.465 113.576 1.669
202108 1.539 115.421 1.726
202111 1.086 117.269 1.199
202202 1.207 119.703 1.305
202205 1.466 123.323 1.538
202208 1.530 124.958 1.585
202211 2.266 125.607 2.335
202302 1.634 126.928 1.666
202305 1.297 128.314 1.308
202308 1.366 129.538 1.365
202311 1.903 129.548 1.901
202402 1.789 129.419 1.789

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


TD Synnex  (FRA:SUX) 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.

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

Shiller PE Ratio=Share Price/E10
=108.00/7.54
=14.32

* 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 TD Synnex was 19.04. The lowest was 5.65. And the median was 12.10.


Be Aware

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


TD Synnex E10 Related Terms

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


TD Synnex (FRA:SUX) Business Description

Traded in Other Exchanges
Address
44201 Nobel Drive, Fremont, CA, USA, 94538
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.

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