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Aon (MEX:AON) E10 : MXN165.01 (As of Dec. 2024)


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What is Aon 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.

Aon's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN68.407. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN165.01 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Aon's average E10 Growth Rate was 10.30% per year. During the past 3 years, the average E10 Growth Rate was 17.30% per year. During the past 5 years, the average E10 Growth Rate was 16.00% per year. During the past 10 years, the average E10 Growth Rate was 10.70% 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 Aon was 17.50% per year. The lowest was 2.90% per year. And the median was 6.20% per year.

As of today (2025-03-19), Aon's current stock price is MXN6820.00. Aon's E10 for the quarter that ended in Dec. 2024 was MXN165.01. Aon's Shiller PE Ratio of today is 41.33.

During the past 13 years, the highest Shiller PE Ratio of Aon was 64.16. The lowest was 25.40. And the median was 41.76.


Aon E10 Historical Data

The historical data trend for Aon'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.

Aon E10 Chart

Aon 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 - - 128.82 155.56 165.01

Aon 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 155.56 142.88 166.53 167.35 165.01

Competitive Comparison of Aon's E10

For the Insurance Brokers subindustry, Aon'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.


Aon's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aon's Shiller PE Ratio distribution charts can be found below:

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



Aon 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, Aon'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)
=68.407/122.4391*122.4391
=68.407

Current CPI (Dec. 2024) = 122.4391.

Aon Quarterly Data

per share eps CPI Adj_EPS
201503 17.379 99.975 21.284
201506 9.728 100.573 11.843
201509 17.574 100.274 21.459
201512 35.938 99.676 44.145
201603 20.485 99.676 25.163
201606 20.528 101.072 24.868
201609 22.816 100.274 27.859
201612 38.554 99.676 47.359
201703 20.524 100.374 25.036
201706 52.963 100.673 64.414
201709 13.067 100.474 15.924
201712 -1.571 100.075 -1.922
201803 43.057 100.573 52.418
201806 3.733 101.072 4.522
201809 11.223 101.371 13.556
201812 27.685 100.773 33.637
201903 52.375 101.670 63.074
201906 21.898 102.168 26.243
201909 18.360 102.268 21.981
201912 29.799 102.068 35.746
202003 77.144 102.367 92.270
202006 39.240 101.769 47.210
202009 26.067 101.072 31.578
202012 45.155 101.072 54.701
202103 81.764 102.367 97.796
202106 33.044 103.364 39.142
202109 -82.042 104.859 -95.797
202112 80.005 106.653 91.846
202203 94.179 109.245 105.553
202206 46.875 112.779 50.890
202209 38.621 113.504 41.661
202212 61.217 115.436 64.931
202303 91.387 117.609 95.140
202306 46.460 119.662 47.538
202309 38.844 120.749 39.388
202312 41.926 120.749 42.513
202403 88.790 120.990 89.853
202406 45.067 122.318 45.111
202409 30.914 121.594 31.129
202412 68.407 122.439 68.407

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


Aon  (MEX:AON) 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.

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

Shiller PE Ratio=Share Price/E10
=6820.00/165.01
=41.33

* 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 Aon was 64.16. The lowest was 25.40. And the median was 41.76.


Be Aware

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


Aon E10 Related Terms

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


Aon Business Description

Traded in Other Exchanges
Address
James Joyce Street, Metropolitan Building, Dublin 1, IRL, D01 K0Y8
Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions. Its operations are tilted toward its brokerage operations. Headquartered in London, Aon has about 50,000 employees and operations in over 120 countries.