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Janus Henderson Group (LTS:0RPW) E10 : $2.82 (As of Sep. 2024)


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What is Janus Henderson Group 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.

Janus Henderson Group's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.82 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Janus Henderson Group's average E10 Growth Rate was 1.40% 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.

As of today (2025-01-18), Janus Henderson Group's current stock price is $42.50. Janus Henderson Group's E10 for the quarter that ended in Sep. 2024 was $2.82. Janus Henderson Group's Shiller PE Ratio of today is 15.07.

During the past 13 years, the highest Shiller PE Ratio of Janus Henderson Group was 16.00. The lowest was 7.44. And the median was 10.36.


Janus Henderson Group E10 Historical Data

The historical data trend for Janus Henderson Group'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.

Janus Henderson Group E10 Chart

Janus Henderson Group 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 - - - 2.76 2.82

Janus Henderson Group 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 2.80 2.82 2.84 2.89 2.82

Competitive Comparison of Janus Henderson Group's E10

For the Asset Management subindustry, Janus Henderson Group'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.


Janus Henderson Group's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Janus Henderson Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Janus Henderson Group's Shiller PE Ratio falls into.



Janus Henderson Group 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, Janus Henderson Group'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)
=0.17/133.5000*133.5000
=0.170

Current CPI (Sep. 2024) = 133.5000.

Janus Henderson Group Quarterly Data

per share eps CPI Adj_EPS
201306 0.600 98.000 0.817
201312 0.500 99.200 0.673
201406 1.620 99.800 2.167
201412 0.640 99.900 0.855
201506 0.790 100.100 1.054
201512 0.620 100.400 0.824
201606 0.410 101.000 0.542
201609 0.460 101.500 0.605
201612 0.330 102.200 0.431
201703 0.380 102.700 0.494
201706 0.280 103.500 0.361
201709 0.490 104.300 0.627
201712 2.320 105.000 2.950
201803 0.820 105.100 1.042
201806 0.700 105.900 0.882
201809 0.550 106.600 0.689
201812 0.538 107.100 0.671
201903 0.480 107.000 0.599
201906 0.560 107.900 0.693
201909 0.580 108.400 0.714
201912 0.590 108.500 0.726
202003 -1.350 108.600 -1.660
202006 0.550 108.800 0.675
202009 0.650 109.200 0.795
202012 1.020 109.400 1.245
202103 0.880 109.700 1.071
202106 0.790 111.400 0.947
202109 1.140 112.400 1.354
202112 0.778 114.700 0.906
202203 0.610 116.500 0.699
202206 0.570 120.500 0.631
202209 0.650 122.300 0.710
202212 0.390 125.300 0.416
202303 0.530 126.800 0.558
202306 0.540 129.400 0.557
202309 0.560 130.100 0.575
202312 0.736 130.500 0.753
202403 0.810 131.600 0.822
202406 0.810 133.000 0.813
202409 0.170 133.500 0.170

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


Janus Henderson Group  (LTS:0RPW) 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.

Janus Henderson Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=42.50/2.82
=15.07

* 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 Janus Henderson Group was 16.00. The lowest was 7.44. And the median was 10.36.


Be Aware

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


Janus Henderson Group E10 Related Terms

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


Janus Henderson Group Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Janus Henderson Group provides investment management services to retail intermediary (56% of managed assets), self-directed (23%) and institutional (21%) clients. At the end of September 2024, active equities (63%), fixed-income (21%), multi-asset (14%) and alternative (2%) investment platforms constituted the company's $382.3 billion in assets under management. Janus Henderson sources most of its managed assets from clients in North America (61%), with customers from Europe, the Middle East, Africa, and Latin America (29%) and the Asia-Pacific region (10%) accounting for the remainder.

Janus Henderson Group Headlines

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