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Restaurant Brands International (LTS:0VFA) E10 : C$3.03 (As of Sep. 2024)


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What is Restaurant Brands 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.

Restaurant Brands International's adjusted earnings per share data for the three months ended in Sep. 2024 was C$1.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$3.03 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Restaurant Brands International's average E10 Growth Rate was 15.20% 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.

As of today (2024-12-13), Restaurant Brands International's current stock price is C$100.57. Restaurant Brands International's E10 for the quarter that ended in Sep. 2024 was C$3.03. Restaurant Brands International's Shiller PE Ratio of today is 33.19.

During the past 12 years, the highest Shiller PE Ratio of Restaurant Brands International was 39.96. The lowest was 31.14. And the median was 35.19.


Restaurant Brands International E10 Historical Data

The historical data trend for Restaurant Brands 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.

Restaurant Brands International E10 Chart

Restaurant Brands International 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 - - - - 2.78

Restaurant Brands International 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 2.58 2.78 2.84 2.83 3.03

Competitive Comparison of Restaurant Brands International's E10

For the Restaurants subindustry, Restaurant Brands 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.


Restaurant Brands International's Shiller PE Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Shiller PE Ratio distribution charts can be found below:

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



Restaurant Brands 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, Restaurant Brands International'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)
=1.07/127.2847*127.2847
=1.070

Current CPI (Sep. 2024) = 127.2847.

Restaurant Brands International Quarterly Data

per share eps CPI Adj_EPS
201412 -2.906 98.367 -3.760
201503 -0.050 99.789 -0.064
201506 0.062 100.500 0.079
201509 0.318 100.421 0.403
201512 0.343 99.947 0.437
201603 0.278 101.054 0.350
201606 0.490 102.002 0.611
201609 0.472 101.765 0.590
201612 0.667 101.449 0.837
201703 0.281 102.634 0.348
201706 0.492 103.029 0.608
201709 0.454 103.345 0.559
201712 2.030 103.345 2.500
201803 0.763 105.004 0.925
201806 0.866 105.557 1.044
201809 0.691 105.636 0.833
201812 0.860 105.399 1.039
201903 0.709 106.979 0.844
201906 0.731 107.690 0.864
201909 0.993 107.611 1.175
201912 0.711 107.769 0.840
202003 0.670 107.927 0.790
202006 0.474 108.401 0.557
202009 0.622 108.164 0.732
202012 0.384 108.559 0.450
202103 0.729 110.298 0.841
202106 1.026 111.720 1.169
202109 0.887 112.905 1.000
202112 0.730 113.774 0.817
202203 0.747 117.646 0.808
202206 0.973 120.806 1.025
202209 1.561 120.648 1.647
202212 1.005 120.964 1.058
202303 0.835 122.702 0.866
202306 1.023 124.203 1.048
202309 1.069 125.230 1.087
202312 2.147 125.072 2.185
202403 0.975 126.258 0.983
202406 1.206 127.522 1.204
202409 1.070 127.285 1.070

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


Restaurant Brands International  (LTS:0VFA) 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.

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

Shiller PE Ratio=Share Price/E10
=100.57/3.03
=33.19

* 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 12 years, the highest Shiller P/E Ratio of Restaurant Brands International was 39.96. The lowest was 31.14. And the median was 35.19.


Be Aware

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


Restaurant Brands International E10 Related Terms

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


Restaurant Brands International Business Description

Address
130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.

Restaurant Brands International Headlines

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