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Intel (LIM:INTC) E10 : $3.04 (As of Sep. 2024)


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What is Intel 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.

Intel's adjusted earnings per share data for the three months ended in Sep. 2024 was $-3.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.04 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Intel's average E10 Growth Rate was -15.70% per year. During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 8.90% per year. During the past 10 years, the average E10 Growth Rate was 10.20% 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 Intel was 38.30% per year. The lowest was -0.60% per year. And the median was 9.30% per year.

As of today (2024-12-15), Intel's current stock price is $20.50. Intel's E10 for the quarter that ended in Sep. 2024 was $3.04. Intel's Shiller PE Ratio of today is 6.74.

During the past 13 years, the highest Shiller PE Ratio of Intel was 27.18. The lowest was 5.35. And the median was 17.90.


Intel E10 Historical Data

The historical data trend for Intel'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.

Intel E10 Chart

Intel 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 1.04 2.96 3.51 3.61 3.54

Intel 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 3.48 3.54 3.44 3.48 3.04

Competitive Comparison of Intel's E10

For the Semiconductors subindustry, Intel'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.


Intel's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Intel's Shiller PE Ratio distribution charts can be found below:

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



Intel 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, Intel'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)
=-3.88/133.0289*133.0289
=-3.880

Current CPI (Sep. 2024) = 133.0289.

Intel Quarterly Data

per share eps CPI Adj_EPS
201412 0.740 99.070 0.994
201503 0.410 99.621 0.547
201506 0.550 100.684 0.727
201509 0.640 100.392 0.848
201512 0.740 99.792 0.986
201603 0.420 100.470 0.556
201606 0.270 101.688 0.353
201609 0.690 101.861 0.901
201612 0.730 101.863 0.953
201703 0.610 102.862 0.789
201706 0.580 103.349 0.747
201709 0.940 104.136 1.201
201712 -0.150 104.011 -0.192
201803 0.930 105.290 1.175
201806 1.050 106.317 1.314
201809 1.380 106.507 1.724
201812 1.120 105.998 1.406
201903 0.870 107.251 1.079
201906 0.920 108.070 1.132
201909 1.350 108.329 1.658
201912 1.580 108.420 1.939
202003 1.310 108.902 1.600
202006 1.190 108.767 1.455
202009 1.020 109.815 1.236
202012 1.420 109.897 1.719
202103 0.820 111.754 0.976
202106 1.240 114.631 1.439
202109 1.670 115.734 1.920
202112 1.130 117.630 1.278
202203 1.980 121.301 2.171
202206 -0.110 125.017 -0.117
202209 0.250 125.227 0.266
202212 -0.160 125.222 -0.170
202303 -0.660 127.348 -0.689
202306 0.350 128.729 0.362
202309 0.070 129.860 0.072
202312 0.630 129.419 0.648
202403 -0.090 131.776 -0.091
202406 -0.380 132.554 -0.381
202409 -3.880 133.029 -3.880

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


Intel  (LIM:INTC) 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.

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

Shiller PE Ratio=Share Price/E10
=20.50/3.04
=6.74

* 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 Intel was 27.18. The lowest was 5.35. And the median was 17.90.


Be Aware

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


Intel E10 Related Terms

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


Intel Business Description

Address
2200 Mission College Boulevard, Santa Clara, CA, USA, 95054-1549
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.