GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Varex Imaging Corp (FRA:VI4) » Definitions » E10

Varex Imaging (FRA:VI4) E10 : €0.55 (As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Varex Imaging 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.

Varex Imaging's adjusted earnings per share data for the three months ended in Dec. 2024 was €-0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.55 for the trailing ten years ended in Dec. 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 (2025-03-20), Varex Imaging's current stock price is €11.60. Varex Imaging's E10 for the quarter that ended in Dec. 2024 was €0.55. Varex Imaging's Shiller PE Ratio of today is 21.09.

During the past 12 years, the highest Shiller PE Ratio of Varex Imaging was 28.27. The lowest was 19.36. And the median was 23.28.


Varex Imaging E10 Historical Data

The historical data trend for Varex Imaging'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.

Varex Imaging E10 Chart

Varex Imaging Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.52

Varex Imaging Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - 0.52 0.55

Competitive Comparison of Varex Imaging's E10

For the Medical Devices subindustry, Varex Imaging'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.


Varex Imaging's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Varex Imaging's Shiller PE Ratio distribution charts can be found below:

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



Varex Imaging 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, Varex Imaging's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.01/133.1571*133.1571
=-0.010

Current CPI (Dec. 2024) = 133.1571.

Varex Imaging Quarterly Data

per share eps CPI Adj_EPS
201409 0.000 100.428 0.000
201506 0.000 100.684 0.000
201509 0.362 100.392 0.480
201512 0.337 99.792 0.450
201603 0.344 100.470 0.456
201606 0.408 101.688 0.534
201609 0.510 101.861 0.667
201612 0.281 101.863 0.367
201703 0.374 102.862 0.484
201706 0.249 103.349 0.321
201709 0.327 104.136 0.418
201712 0.253 104.011 0.324
201803 0.260 105.290 0.329
201806 0.086 106.317 0.108
201809 0.009 106.507 0.011
201812 0.070 105.998 0.088
201903 0.133 107.251 0.165
201906 -0.035 108.070 -0.043
201909 0.191 108.329 0.235
201912 -0.027 108.420 -0.033
202003 -0.045 108.902 -0.055
202006 -0.648 108.767 -0.793
202009 -0.560 109.815 -0.679
202012 -0.132 109.897 -0.160
202103 0.067 111.754 0.080
202106 0.241 114.631 0.280
202109 0.170 115.734 0.196
202112 0.027 117.630 0.031
202203 0.163 121.301 0.179
202206 0.189 125.017 0.201
202209 0.323 125.227 0.343
202212 0.076 125.222 0.081
202303 0.093 127.348 0.097
202306 0.194 128.729 0.201
202309 0.618 129.860 0.634
202312 -0.009 129.419 -0.009
202403 0.028 131.776 0.028
202406 0.028 132.554 0.028
202409 -1.099 133.029 -1.100
202412 -0.010 133.157 -0.010

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


Varex Imaging  (FRA:VI4) 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.

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

Shiller PE Ratio=Share Price/E10
=11.60/0.55
=21.09

* 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 12 years, the highest Shiller P/E Ratio of Varex Imaging was 28.27. The lowest was 19.36. And the median was 23.28.


Be Aware

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


Varex Imaging E10 Related Terms

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


Varex Imaging Business Description

Traded in Other Exchanges
Address
1678 S. Pioneer Road, Salt Lake City, UT, USA, 84104
Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components, including X-ray tubes, digital detectors and accessories, generators, and heat exchangers among other products. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors, high-voltage connectors, and coolers. Geographically, the company generates maximum revenue from Europe, Middle East, and Africa (EMEA) and the rest from the Americas and Asia Pacific region.

Varex Imaging Headlines

No Headlines