GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (LTS:0R2O) » Definitions » E10

Freeport-McMoRan (LTS:0R2O) E10 : $-0.72 (As of Dec. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Freeport-McMoRan 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.

Freeport-McMoRan's adjusted earnings per share data for the three months ended in Dec. 2024 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.72 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was -9.60% 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 Freeport-McMoRan was 76.80% per year. The lowest was -64.50% per year. And the median was 6.60% per year.

As of today (2025-03-03), Freeport-McMoRan's current stock price is $36.63. Freeport-McMoRan's E10 for the quarter that ended in Dec. 2024 was $-0.72. Freeport-McMoRan's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Freeport-McMoRan was 340.00. The lowest was 18.51. And the median was 32.48.


Freeport-McMoRan E10 Historical Data

The historical data trend for Freeport-McMoRan'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.

Freeport-McMoRan E10 Chart

Freeport-McMoRan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.23 -0.54 -0.74 -1.00 -0.72

Freeport-McMoRan Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -1.00 -1.03 -1.06 -1.11 -0.72

Competitive Comparison of Freeport-McMoRan's E10

For the Copper subindustry, Freeport-McMoRan'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.


Freeport-McMoRan's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's Shiller PE Ratio falls into.



Freeport-McMoRan 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, Freeport-McMoRan's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.19/133.1571*133.1571
=0.190

Current CPI (Dec. 2024) = 133.1571.

Freeport-McMoRan Quarterly Data

per share eps CPI Adj_EPS
201503 -2.380 99.621 -3.181
201506 -1.783 100.684 -2.358
201509 -3.580 100.392 -4.748
201512 -3.470 99.792 -4.630
201603 -3.350 100.470 -4.440
201606 -0.380 101.688 -0.498
201609 0.159 101.861 0.208
201612 0.210 101.863 0.275
201703 0.160 102.862 0.207
201706 0.180 103.349 0.232
201709 0.190 104.136 0.243
201712 0.710 104.011 0.909
201803 0.470 105.290 0.594
201806 0.590 106.317 0.739
201809 0.380 106.507 0.475
201812 0.090 105.998 0.113
201903 0.020 107.251 0.025
201906 -0.050 108.070 -0.062
201909 -0.150 108.329 -0.184
201912 0.006 108.420 0.007
202003 -0.340 108.902 -0.416
202006 0.030 108.767 0.037
202009 0.220 109.815 0.267
202012 0.480 109.897 0.582
202103 0.480 111.754 0.572
202106 0.730 114.631 0.848
202109 0.940 115.734 1.082
202112 0.740 117.630 0.838
202203 1.040 121.301 1.142
202206 0.570 125.017 0.607
202209 0.280 125.227 0.298
202212 0.480 125.222 0.510
202303 0.460 127.348 0.481
202306 0.230 128.729 0.238
202309 0.310 129.860 0.318
202312 0.270 129.419 0.278
202403 0.320 131.776 0.323
202406 0.420 132.554 0.422
202409 0.360 133.029 0.360
202412 0.190 133.157 0.190

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


Freeport-McMoRan  (LTS:0R2O) 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.

During the past 13 years, the highest Shiller P/E Ratio of Freeport-McMoRan was 340.00. The lowest was 18.51. And the median was 32.48.


Be Aware

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


Freeport-McMoRan E10 Related Terms

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


Freeport-McMoRan Business Description

Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Freeport-McMoRan Headlines

No Headlines