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Hellenic Exchanges - Athens Stock Exchange (MEX:HEE) E10 : MXN2.57 (As of Sep. 2024)


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What is Hellenic Exchanges - Athens Stock Exchange 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.

Hellenic Exchanges - Athens Stock Exchange's adjusted earnings per share data for the three months ended in Sep. 2024 was MXN1.464. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN2.57 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Hellenic Exchanges - Athens Stock Exchange's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was -8.60% per year. During the past 5 years, the average E10 Growth Rate was -11.20% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Hellenic Exchanges - Athens Stock Exchange was -8.60% per year. The lowest was -77.30% per year. And the median was -11.25% per year.

As of today (2025-03-19), Hellenic Exchanges - Athens Stock Exchange's current stock price is MXN90.00. Hellenic Exchanges - Athens Stock Exchange's E10 for the quarter that ended in Sep. 2024 was MXN2.57. Hellenic Exchanges - Athens Stock Exchange's Shiller PE Ratio of today is 35.02.

During the past 13 years, the highest Shiller PE Ratio of Hellenic Exchanges - Athens Stock Exchange was 49.75. The lowest was 0.31. And the median was 21.65.


Hellenic Exchanges - Athens Stock Exchange E10 Historical Data

The historical data trend for Hellenic Exchanges - Athens Stock Exchange'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.

Hellenic Exchanges - Athens Stock Exchange E10 Chart

Hellenic Exchanges - Athens Stock Exchange 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 - - - - -

Hellenic Exchanges - Athens Stock Exchange 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 - - - - 2.57

Competitive Comparison of Hellenic Exchanges - Athens Stock Exchange's E10

For the Financial Data & Stock Exchanges subindustry, Hellenic Exchanges - Athens Stock Exchange'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.


Hellenic Exchanges - Athens Stock Exchange's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hellenic Exchanges - Athens Stock Exchange's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hellenic Exchanges - Athens Stock Exchange's Shiller PE Ratio falls into.



Hellenic Exchanges - Athens Stock Exchange 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, Hellenic Exchanges - Athens Stock Exchange'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)
=1.464/119.6501*119.6501
=1.464

Current CPI (Sep. 2024) = 119.6501.

Hellenic Exchanges - Athens Stock Exchange Quarterly Data

per share eps CPI Adj_EPS
201412 0.909 100.254 1.085
201503 1.026 100.549 1.221
201506 0.368 100.838 0.437
201509 0.035 100.856 0.042
201512 0.999 100.087 1.194
201603 0.544 99.041 0.657
201606 0.439 100.121 0.525
201609 -0.438 99.878 -0.525
201612 -0.179 100.110 -0.214
201703 0.144 100.770 0.171
201706 0.398 101.138 0.471
201709 0.235 100.882 0.279
201712 0.345 100.762 0.410
201803 0.358 100.534 0.426
201806 0.601 102.121 0.704
201809 -0.170 101.982 -0.199
201812 0.273 101.330 0.322
201903 0.211 101.482 0.249
201906 0.597 101.837 0.701
201909 1.315 101.906 1.544
201912 0.066 102.120 0.077
202003 0.669 101.479 0.789
202006 0.308 100.239 0.368
202009 0.113 99.886 0.135
202012 0.535 99.751 0.642
202103 0.787 99.817 0.943
202106 1.237 101.270 1.462
202109 0.777 102.095 0.911
202112 0.461 104.853 0.526
202203 1.194 108.651 1.315
202206 0.749 113.517 0.789
202209 0.503 114.371 0.526
202212 0.489 112.428 0.520
202303 0.733 113.620 0.772
202306 1.038 115.515 1.075
202309 0.987 116.234 1.016
202312 1.076 116.364 1.106
202403 1.840 117.285 1.877
202406 1.184 118.129 1.199
202409 1.464 119.650 1.464

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


Hellenic Exchanges - Athens Stock Exchange  (MEX:HEE) 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.

Hellenic Exchanges - Athens Stock Exchange's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=90.00/2.57
=35.02

* 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 Hellenic Exchanges - Athens Stock Exchange was 49.75. The lowest was 0.31. And the median was 21.65.


Be Aware

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


Hellenic Exchanges - Athens Stock Exchange E10 Related Terms

Thank you for viewing the detailed overview of Hellenic Exchanges - Athens Stock Exchange's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Hellenic Exchanges - Athens Stock Exchange Business Description

Traded in Other Exchanges
Address
110 Athinon Avenue, Athens, GRC, 10442
Hellenic Exchanges - Athens Stock Exchange SA or Athex Group consists of the Athens Stock Exchange as the parent company, and the Athens Exchange Clearing House and the Hellenic Central Securities Depository SA as its subsidiaries. The Athens Stock Exchange is the only stock exchange in Greece. The parent company and its subsidiaries operate the organized cash and derivatives markets, provide comprehensive informational technology solutions to the Greek capital market, and promote the development of capital markets in Greece. The group's revenue derives from its operational functions including listing, trading, clearing and settling, as well as depository services.

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