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Interactive Brokers Group (MEX:IBKR) E10 : MXN34.89 (As of Jun. 2024)


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What is Interactive Brokers 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.

Interactive Brokers Group's adjusted earnings per share data for the three months ended in Jun. 2024 was MXN30.228. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN34.89 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Interactive Brokers Group's average E10 Growth Rate was 24.10% per year. During the past 3 years, the average E10 Growth Rate was 136.00% 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 Interactive Brokers Group was 136.00% per year. The lowest was -12.00% per year. And the median was -2.30% per year.

As of today (2024-09-21), Interactive Brokers Group's current stock price is MXN2532.00. Interactive Brokers Group's E10 for the quarter that ended in Jun. 2024 was MXN34.89. Interactive Brokers Group's Shiller PE Ratio of today is 72.57.

During the past 13 years, the highest Shiller PE Ratio of Interactive Brokers Group was 394.40. The lowest was 28.55. And the median was 39.75.


Interactive Brokers Group E10 Historical Data

The historical data trend for Interactive Brokers 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.

Interactive Brokers Group E10 Chart

Interactive Brokers 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 -14.80 3.93 35.84 43.86 46.16

Interactive Brokers Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 42.88 44.33 46.16 36.47 34.89

Competitive Comparison of Interactive Brokers Group's E10

For the Capital Markets subindustry, Interactive Brokers 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.


Interactive Brokers Group's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Shiller PE Ratio distribution charts can be found below:

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



Interactive Brokers 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, Interactive Brokers Group's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=30.228/132.5538*132.5538
=30.228

Current CPI (Jun. 2024) = 132.5538.

Interactive Brokers Group Quarterly Data

per share eps CPI Adj_EPS
201409 0.671 100.428 0.886
201412 1.770 99.070 2.368
201503 -3.354 99.621 -4.463
201506 5.805 100.684 7.642
201509 5.914 100.392 7.809
201512 4.299 99.792 5.710
201603 8.779 100.470 11.582
201606 7.397 101.688 9.642
201609 5.801 101.861 7.549
201612 1.443 101.863 1.878
201703 6.402 102.862 8.250
201706 5.784 103.349 7.418
201709 7.804 104.136 9.934
201712 -0.393 104.011 -0.501
201803 11.446 105.290 14.410
201806 11.200 106.317 13.964
201809 9.540 106.507 11.873
201812 11.192 105.998 13.996
201903 12.415 107.251 15.344
201906 8.260 108.070 10.131
201909 8.884 108.329 10.871
201912 10.750 108.420 13.143
202003 14.069 108.902 17.125
202006 9.233 108.767 11.252
202009 12.813 109.815 15.466
202012 16.113 109.897 19.435
202103 23.712 111.754 28.125
202106 19.906 114.631 23.018
202109 8.842 115.734 10.127
202112 13.744 117.630 15.488
202203 14.734 121.301 16.101
202206 14.485 125.017 15.358
202209 19.512 125.227 20.654
202212 25.540 125.222 27.035
202303 25.595 127.348 26.641
202306 20.573 128.729 21.184
202309 27.173 129.860 27.737
202312 25.122 129.419 25.730
202403 26.720 131.776 26.878
202406 30.228 132.554 30.228

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


Interactive Brokers Group  (MEX:IBKR) 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.

Interactive Brokers Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2532.00/34.89
=72.57

* 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 Interactive Brokers Group was 394.40. The lowest was 28.55. And the median was 39.75.


Be Aware

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


Interactive Brokers Group E10 Related Terms

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


Interactive Brokers Group Business Description

Traded in Other Exchanges
Address
One Pickwick Plaza, Greenwich, CT, USA, 06830
Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.