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Quebecor (Quebecor) E10

: $1.37 (As of Dec. 2023)
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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.

Quebecor's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.477. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.37 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Quebecor's average E10 Growth Rate was 30.40% per year. During the past 3 years, the average E10 Growth Rate was 24.20% per year. During the past 5 years, the average E10 Growth Rate was 21.20% 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 Quebecor was 34.80% per year. The lowest was -46.90% per year. And the median was 8.70% per year.

As of today (2024-04-19), Quebecor's current stock price is $21.60. Quebecor's E10 for the quarter that ended in Dec. 2023 was $1.37. Quebecor's Shiller PE Ratio of today is 15.77.

During the past 13 years, the highest Shiller PE Ratio of Quebecor was 801.33. The lowest was 14.12. And the median was 36.26.


Quebecor E10 Historical Data

The historical data trend for Quebecor'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.

Quebecor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.71 0.96 0.94 1.37

Quebecor Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.94 0.99 1.19 1.41 1.37

Competitive Comparison

For the Telecom Services subindustry, Quebecor'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.


Quebecor Shiller PE Ratio Distribution

For the Telecommunication Services industry and Communication Services sector, Quebecor's Shiller PE Ratio distribution charts can be found below:

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



Quebecor 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, Quebecor's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.477/125.4675*125.4675
=0.477

Current CPI (Dec. 2023) = 125.4675.

Quebecor Quarterly Data

per share eps CPI Adj_EPS
201403 0.131 98.604 0.167
201406 -0.235 99.473 -0.296
201409 0.168 99.394 0.212
201412 -0.208 98.367 -0.265
201503 0.095 99.789 0.119
201506 0.077 100.500 0.096
201509 0.098 100.421 0.122
201512 -0.102 99.947 -0.128
201603 0.174 101.054 0.216
201606 0.031 102.002 0.038
201609 -0.027 101.765 -0.033
201612 0.375 101.449 0.464
201703 0.015 102.634 0.018
201706 0.429 103.029 0.522
201709 0.603 103.345 0.732
201712 0.227 103.345 0.276
201803 0.186 105.004 0.222
201806 0.137 105.557 0.163
201809 0.391 105.636 0.464
201812 0.350 105.399 0.417
201903 0.553 106.979 0.649
201906 0.354 107.690 0.412
201909 0.506 107.611 0.590
201912 0.433 107.769 0.504
202003 0.301 107.927 0.350
202006 0.487 108.401 0.564
202009 0.423 108.164 0.491
202012 0.500 108.559 0.578
202103 0.390 110.298 0.444
202106 0.385 111.720 0.432
202109 0.537 112.905 0.597
202112 0.492 113.774 0.543
202203 0.403 117.646 0.430
202206 0.515 120.806 0.535
202209 0.540 120.648 0.562
202212 0.456 120.964 0.473
202303 0.380 122.702 0.389
202306 0.549 124.203 0.555
202309 0.621 125.230 0.622
202312 0.477 125.468 0.477

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


Quebecor  (OTCPK:QBCAF) 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.

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

Shiller PE Ratio=Share Price/E10
=21.60/1.37
=15.77

* 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 Quebecor was 801.33. The lowest was 14.12. And the median was 36.26.


Be Aware

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


Quebecor E10 Related Terms

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


Quebecor (Quebecor) Business Description

Traded in Other Exchanges
Address
612, rue Saint-Jacques, Corporate secretariat, 18th floor, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.