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TAV Havalimanlari Holding AS (IST:TAVHL) E10 : ₺4.32 (As of Mar. 2024)


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What is TAV Havalimanlari Holding AS 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.

TAV Havalimanlari Holding AS's adjusted earnings per share data for the three months ended in Mar. 2024 was ₺0.696. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺4.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TAV Havalimanlari Holding AS's average E10 Growth Rate was 128.60% per year. During the past 3 years, the average E10 Growth Rate was 44.20% per year. During the past 5 years, the average E10 Growth Rate was 17.40% 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 TAV Havalimanlari Holding AS was 44.20% per year. The lowest was -12.40% per year. And the median was 1.65% per year.

As of today (2024-06-10), TAV Havalimanlari Holding AS's current stock price is ₺234.00. TAV Havalimanlari Holding AS's E10 for the quarter that ended in Mar. 2024 was ₺4.32. TAV Havalimanlari Holding AS's Shiller PE Ratio of today is 54.17.

During the past 13 years, the highest Shiller PE Ratio of TAV Havalimanlari Holding AS was 58.88. The lowest was 7.26. And the median was 17.37.


TAV Havalimanlari Holding AS E10 Historical Data

The historical data trend for TAV Havalimanlari Holding AS'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.

TAV Havalimanlari Holding AS E10 Chart

TAV Havalimanlari Holding AS 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 2.06 1.40 1.52 2.11 4.20

TAV Havalimanlari Holding AS 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 1.89 2.14 3.57 4.20 4.32

Competitive Comparison of TAV Havalimanlari Holding AS's E10

For the Airports & Air Services subindustry, TAV Havalimanlari Holding AS'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.


TAV Havalimanlari Holding AS's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Shiller PE Ratio falls into.



TAV Havalimanlari Holding AS 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, TAV Havalimanlari Holding AS'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)
=0.696/131.7762*131.7762
=0.696

Current CPI (Mar. 2024) = 131.7762.

TAV Havalimanlari Holding AS Quarterly Data

per share eps CPI Adj_EPS
201406 0.518 100.560 0.679
201409 0.684 100.428 0.898
201412 0.340 99.070 0.452
201503 0.224 99.621 0.296
201506 0.486 100.684 0.636
201509 0.743 100.392 0.975
201512 0.382 99.792 0.504
201603 0.129 100.470 0.169
201606 0.164 101.688 0.213
201609 0.732 101.861 0.947
201612 0.184 101.863 0.238
201703 0.118 102.862 0.151
201706 0.514 103.349 0.655
201709 1.201 104.136 1.520
201712 -0.070 104.011 -0.089
201803 0.088 105.290 0.110
201806 1.300 106.317 1.611
201809 2.295 106.507 2.840
201812 0.610 105.998 0.758
201903 0.370 107.251 0.455
201906 0.723 108.070 0.882
201909 1.509 108.329 1.836
201912 3.966 108.420 4.820
202003 -1.050 108.902 -1.271
202006 -1.996 108.767 -2.418
202009 -1.242 109.815 -1.490
202012 -2.252 109.897 -2.700
202103 1.554 111.754 1.832
202106 -1.141 114.631 -1.312
202109 1.810 115.734 2.061
202112 -1.685 117.630 -1.888
202203 -0.966 121.301 -1.049
202206 2.515 125.017 2.651
202209 4.896 125.227 5.152
202212 -0.395 125.222 -0.416
202303 -2.441 127.348 -2.526
202306 2.567 128.729 2.628
202309 14.695 129.860 14.912
202312 6.659 129.419 6.780
202403 0.696 131.776 0.696

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


TAV Havalimanlari Holding AS  (IST:TAVHL) 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.

TAV Havalimanlari Holding AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=234.00/4.32
=54.17

* 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 TAV Havalimanlari Holding AS was 58.88. The lowest was 7.26. And the median was 17.37.


Be Aware

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


TAV Havalimanlari Holding AS E10 Related Terms

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


TAV Havalimanlari Holding AS (IST:TAVHL) Business Description

Traded in Other Exchanges
Address
Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485
TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.

TAV Havalimanlari Holding AS (IST:TAVHL) Headlines

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