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Logitech International (Logitech International) E10 : $2.62 (As of Dec. 2023)


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What is Logitech International 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.

Logitech International's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.62 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Logitech International's average E10 Growth Rate was 15.20% per year. During the past 3 years, the average E10 Growth Rate was 33.80% per year. During the past 5 years, the average E10 Growth Rate was 33.00% per year. During the past 10 years, the average E10 Growth Rate was 11.50% 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 Logitech International was 37.30% per year. The lowest was -12.00% per year. And the median was 3.60% per year.

As of today (2024-04-28), Logitech International's current stock price is $79.26. Logitech International's E10 for the quarter that ended in Dec. 2023 was $2.62. Logitech International's Shiller PE Ratio of today is 30.25.

During the past 13 years, the highest Shiller PE Ratio of Logitech International was 94.21. The lowest was 8.80. And the median was 40.85.


Logitech International E10 Historical Data

The historical data trend for Logitech International'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.

Logitech International E10 Chart

Logitech International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.85 1.33 1.68 2.18

Logitech International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.08 2.18 2.26 2.29 2.62

Competitive Comparison of Logitech International's E10

For the Computer Hardware subindustry, Logitech International'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.


Logitech International's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Logitech International's Shiller PE Ratio distribution charts can be found below:

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



Logitech International 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, Logitech International'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)
=1.55/106.4611*106.4611
=1.550

Current CPI (Dec. 2023) = 106.4611.

Logitech International Quarterly Data

per share eps CPI Adj_EPS
201403 0.070 101.224 0.074
201406 0.120 101.517 0.126
201409 0.220 101.247 0.231
201412 0.380 100.704 0.402
201503 0.100 100.339 0.106
201506 0.040 100.464 0.042
201509 0.110 99.785 0.117
201512 0.390 99.386 0.418
201603 0.170 99.475 0.182
201606 0.130 100.088 0.138
201609 0.280 99.604 0.299
201612 0.590 99.380 0.632
201703 0.150 100.040 0.160
201706 0.220 100.285 0.234
201709 0.330 100.254 0.350
201712 0.480 100.213 0.510
201803 0.200 100.836 0.211
201806 0.230 101.435 0.241
201809 0.380 101.246 0.400
201812 0.670 100.906 0.707
201903 0.250 101.571 0.262
201906 0.270 102.044 0.282
201909 0.430 101.396 0.451
201912 0.690 101.063 0.727
202003 1.260 101.048 1.328
202006 0.420 100.743 0.444
202009 1.560 100.585 1.651
202012 2.220 100.241 2.358
202103 1.310 100.800 1.384
202106 1.090 101.352 1.145
202109 0.810 101.533 0.849
202112 1.240 101.776 1.297
202203 0.640 103.205 0.660
202206 0.610 104.783 0.620
202209 0.500 104.835 0.508
202212 0.860 104.666 0.875
202303 0.260 106.245 0.261
202306 0.390 106.576 0.390
202309 0.860 106.570 0.859
202312 1.550 106.461 1.550

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


Logitech International  (NAS:LOGI) 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.

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

Shiller PE Ratio=Share Price/E10
=79.26/2.62
=30.25

* 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 Logitech International was 94.21. The lowest was 8.80. And the median was 40.85.


Be Aware

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


Logitech International E10 Related Terms

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


Logitech International (Logitech International) Business Description

Address
EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, CHE, 1015
Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.
Executives
Samantha Harnett officer: General Counsel 1836 CLEMENS ROAD, OAKLAND CA 94602
Charles D Boynton officer: Chief Financial Officer
Prakash Arunkundrum officer: Head of Global Operations C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Kwok Wang Ng director C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Sascha Zahnd director C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Christopher Richardson Jones director 1501 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98134
Patrick Aebischer director C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Nathan Olmstead officer: Principal Accounting Officer C/O LOGITECH INC., 7700 GATEWAY BOULEVARD, NEWARK CA 94560
Riet Cadonau director C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Bracken Darrell officer: President 2000 M-63N, BENTON HARBOR MI 49022
Didier Hirsch director 5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Neela Montgomery director C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Deborah Thomas director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02862
Guy Gecht director
Michael B Polk director 100 DEFOREST AVE, EAST HANOVER NJ 07936