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Iberdrola (LTS:0HIT) E10 : €0.59 (As of Mar. 2024)


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What is Iberdrola 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.

Iberdrola's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.421. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Iberdrola's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 4.50% 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 Iberdrola was 8.00% per year. The lowest was -10.40% per year. And the median was 3.10% per year.

As of today (2024-05-31), Iberdrola's current stock price is €11.875. Iberdrola's E10 for the quarter that ended in Mar. 2024 was €0.59. Iberdrola's Shiller PE Ratio of today is 20.13.

During the past 13 years, the highest Shiller PE Ratio of Iberdrola was 27.18. The lowest was 8.24. And the median was 19.88.


Iberdrola E10 Historical Data

The historical data trend for Iberdrola'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.

Iberdrola E10 Chart

Iberdrola 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 0.18 0.14 0.48 0.52 0.57

Iberdrola 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 0.53 0.54 0.56 0.57 0.59

Competitive Comparison of Iberdrola's E10

For the Utilities - Diversified subindustry, Iberdrola'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.


Iberdrola's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Iberdrola's Shiller PE Ratio distribution charts can be found below:

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



Iberdrola 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, Iberdrola'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)
=0.421/122.7621*122.7621
=0.421

Current CPI (Mar. 2024) = 122.7621.

Iberdrola Quarterly Data

per share eps CPI Adj_EPS
201406 0.089 101.081 0.108
201409 0.060 100.441 0.073
201412 0.079 100.251 0.097
201503 0.130 99.474 0.160
201506 0.106 101.138 0.129
201509 0.067 99.559 0.083
201512 0.038 100.268 0.047
201603 0.140 98.638 0.174
201606 0.081 100.333 0.099
201609 0.093 99.737 0.114
201612 0.088 101.842 0.106
201703 0.128 100.896 0.156
201706 0.112 101.848 0.135
201709 0.178 101.524 0.215
201712 0.062 102.975 0.074
201803 0.130 102.122 0.156
201806 0.080 104.165 0.094
201809 0.159 103.818 0.188
201812 0.148 104.193 0.174
201903 0.148 103.488 0.176
201906 0.103 104.612 0.121
201909 0.146 103.905 0.172
201912 0.107 105.015 0.125
202003 0.195 103.469 0.231
202006 0.089 104.254 0.105
202009 0.132 103.521 0.157
202012 0.111 104.456 0.130
202103 0.154 104.857 0.180
202106 0.071 107.102 0.081
202109 0.134 107.669 0.153
202112 0.236 111.298 0.260
202203 0.158 115.153 0.168
202206 0.151 118.044 0.157
202209 0.155 117.221 0.162
202212 0.162 117.650 0.169
202303 0.223 118.948 0.230
202306 0.152 120.278 0.155
202309 0.166 121.343 0.168
202312 0.174 121.300 0.176
202403 0.421 122.762 0.421

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


Iberdrola  (LTS:0HIT) 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.

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

Shiller PE Ratio=Share Price/E10
=11.875/0.59
=20.13

* 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 Iberdrola was 27.18. The lowest was 8.24. And the median was 19.88.


Be Aware

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


Iberdrola E10 Related Terms

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


Iberdrola (LTS:0HIT) Business Description

Address
Plaza Euskadi Number 5, Biscay, Bilbao, ESP, 48009
Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 54-gigawatt portfolio of hydro, wind, natural gas, and nuclear power plants. It is the largest owner of wind farms in the world, representing nearly 40% of its portfolio. Although the company has recently developed or acquired distribution and power generation assets in other geographic areas, Spain is still home to around 50% of its power generation capacity. Iberdrola also owns and operates electricity and distribution networks in Spain, the U.K., Brazil, and the U.S.

Iberdrola (LTS:0HIT) Headlines

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