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Johnson Controls International (FRA:TYIA) E10 : €2.21 (As of Mar. 2024)


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What is Johnson Controls International 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.

Johnson Controls International's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.377. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Johnson Controls International's average E10 Growth Rate was 1.70% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 8.50% per year. During the past 10 years, the average E10 Growth Rate was -12.00% 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 Johnson Controls International was 60.70% per year. The lowest was -42.30% per year. And the median was 8.90% per year.

As of today (2024-05-14), Johnson Controls International's current stock price is €60.48. Johnson Controls International's E10 for the quarter that ended in Mar. 2024 was €2.21. Johnson Controls International's Shiller PE Ratio of today is 27.37.

During the past 13 years, the highest Shiller PE Ratio of Johnson Controls International was 37.96. The lowest was 2.82. And the median was 20.34.


Johnson Controls International E10 Historical Data

The historical data trend for Johnson Controls International'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.

Johnson Controls International E10 Chart

Johnson Controls International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 1.72 1.89 2.46 2.40

Johnson Controls International 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 2.11 2.20 2.40 2.23 2.21

Competitive Comparison of Johnson Controls International's E10

For the Building Products & Equipment subindustry, Johnson Controls International'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.


Johnson Controls International's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Johnson Controls International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Johnson Controls International's Shiller PE Ratio falls into.



Johnson Controls International 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, Johnson Controls International'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)
=-0.377/120.1096*120.1096
=-0.377

Current CPI (Mar. 2024) = 120.1096.

Johnson Controls International Quarterly Data

per share eps CPI Adj_EPS
201406 0.200 100.773 0.238
201409 0.374 100.474 0.447
201412 0.645 99.576 0.778
201503 0.774 99.975 0.930
201506 0.252 100.573 0.301
201509 0.494 100.274 0.592
201512 0.633 99.676 0.763
201603 -0.736 99.676 -0.887
201606 0.525 101.072 0.624
201609 -1.435 100.274 -1.719
201612 0.332 99.676 0.400
201703 -0.150 100.374 -0.179
201706 0.525 100.673 0.626
201709 0.780 100.474 0.932
201712 0.211 100.075 0.253
201803 0.381 100.573 0.455
201806 0.668 101.072 0.794
201809 0.711 101.371 0.842
201812 0.343 100.773 0.409
201903 0.504 101.670 0.595
201906 4.239 102.168 4.983
201909 0.699 102.268 0.821
201912 0.189 102.068 0.222
202003 0.253 102.367 0.297
202006 -0.213 101.769 -0.251
202009 0.509 101.072 0.605
202012 0.510 101.072 0.606
202103 0.403 102.367 0.473
202106 0.664 103.364 0.772
202109 0.323 104.859 0.370
202112 0.478 106.653 0.538
202203 0.018 109.245 0.020
202206 0.520 112.734 0.554
202209 1.111 113.431 1.176
202212 0.160 115.425 0.166
202303 0.177 117.618 0.181
202306 1.412 119.611 1.418
202309 0.750 120.708 0.746
202312 0.504 120.110 0.504
202403 -0.377 120.110 -0.377

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


Johnson Controls International  (FRA:TYIA) 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.

Johnson Controls International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=60.48/2.21
=27.37

* 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 Johnson Controls International was 37.96. The lowest was 2.82. And the median was 20.34.


Be Aware

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


Johnson Controls International E10 Related Terms

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


Johnson Controls International (FRA:TYIA) Business Description

Traded in Other Exchanges
Address
One Albert Quay, Cork, IRL, T12 X8N6
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.

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