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Whirlpool (FRA:WHR) E10 : €7.96 (As of Sep. 2024)


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What is Whirlpool 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.

Whirlpool's adjusted earnings per share data for the three months ended in Sep. 2024 was €1.802. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €7.96 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average E10 Growth Rate was 0.50% per year. During the past 5 years, the average E10 Growth Rate was 6.50% per year. During the past 10 years, the average E10 Growth Rate was 4.30% 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 Whirlpool was 20.70% per year. The lowest was -6.30% per year. And the median was 4.70% per year.

As of today (2024-12-12), Whirlpool's current stock price is €117.35. Whirlpool's E10 for the quarter that ended in Sep. 2024 was €7.96. Whirlpool's Shiller PE Ratio of today is 14.74.

During the past 13 years, the highest Shiller PE Ratio of Whirlpool was 30.00. The lowest was 8.79. And the median was 19.05.


Whirlpool E10 Historical Data

The historical data trend for Whirlpool'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.

Whirlpool E10 Chart

Whirlpool 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 7.41 7.78 10.82 9.06 8.63

Whirlpool 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 8.34 8.63 8.07 8.41 7.96

Competitive Comparison of Whirlpool's E10

For the Furnishings, Fixtures & Appliances subindustry, Whirlpool'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.


Whirlpool's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Whirlpool's Shiller PE Ratio distribution charts can be found below:

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



Whirlpool 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, Whirlpool'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)
=1.802/133.0289*133.0289
=1.802

Current CPI (Sep. 2024) = 133.0289.

Whirlpool Quarterly Data

per share eps CPI Adj_EPS
201412 0.827 99.070 1.110
201503 2.199 99.621 2.936
201506 1.969 100.684 2.602
201509 2.628 100.392 3.482
201512 2.093 99.792 2.790
201603 1.724 100.470 2.283
201606 3.694 101.688 4.833
201609 2.762 101.861 3.607
201612 2.237 101.863 2.921
201703 1.879 102.862 2.430
201706 2.243 103.349 2.887
201709 3.121 104.136 3.987
201712 -3.160 104.011 -4.042
201803 1.054 105.290 1.332
201806 -8.132 106.317 -10.175
201809 2.760 106.507 3.447
201812 2.321 105.998 2.913
201903 6.469 107.251 8.024
201906 0.920 108.070 1.132
201909 5.058 108.329 6.211
201912 4.068 108.420 4.991
202003 2.217 108.902 2.708
202006 0.417 108.767 0.510
202009 5.255 109.815 6.366
202012 6.387 109.897 7.731
202103 5.720 111.754 6.809
202106 7.595 114.631 8.814
202109 6.384 115.734 7.338
202112 4.337 117.630 4.905
202203 4.840 121.301 5.308
202206 -6.263 125.017 -6.664
202209 2.626 125.227 2.790
202212 -27.706 125.222 -29.433
202303 -3.054 127.348 -3.190
202306 1.431 128.729 1.479
202309 1.434 129.860 1.469
202312 8.161 129.419 8.389
202403 -4.342 131.776 -4.383
202406 3.679 132.554 3.692
202409 1.802 133.029 1.802

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


Whirlpool  (FRA:WHR) 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.

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

Shiller PE Ratio=Share Price/E10
=117.35/7.96
=14.74

* 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 Whirlpool was 30.00. The lowest was 8.79. And the median was 19.05.


Be Aware

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


Whirlpool E10 Related Terms

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


Whirlpool Business Description

Traded in Other Exchanges
Address
2000 North M-63, Benton Harbor, MI, USA, 49022-2692
Whirlpool Corp is a manufacturer and marketer of home appliances and related products. Its reportable segments consist of five operating segments, which consist of Domestic Appliances (MDA) North America; MDA Europe, MDA Latin America; MDA Asia; and Small Domestic Appliances (SDA). Product categories include refrigeration, laundry, cooking, and dishwashing. The company has also a portfolio of small domestic appliances, including the KitchenAid stand mixer. The company's international brands include Whirlpool, KitchenAid, Maytag, Consul, and Brastemp among others.