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Proximus (MEX:PROX) E10 : MXN52.78 (As of Dec. 2024)


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What is Proximus 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.

Proximus's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN5.023. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN52.78 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Proximus's average E10 Growth Rate was -3.90% per year. During the past 3 years, the average E10 Growth Rate was -2.50% per year. During the past 5 years, the average E10 Growth Rate was -3.60% 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 Proximus was -1.80% per year. The lowest was -19.40% per year. And the median was -5.95% per year.

As of today (2025-03-23), Proximus's current stock price is MXN152.43. Proximus's E10 for the quarter that ended in Dec. 2024 was MXN52.78. Proximus's Shiller PE Ratio of today is 2.89.

During the past 13 years, the highest Shiller PE Ratio of Proximus was 12.25. The lowest was 2.76. And the median was 7.72.


Proximus E10 Historical Data

The historical data trend for Proximus'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.

Proximus E10 Chart

Proximus 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 - - - - 52.78

Proximus 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 - - - 37.89 52.78

Competitive Comparison of Proximus's E10

For the Telecom Services subindustry, Proximus'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.


Proximus's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Proximus's Shiller PE Ratio distribution charts can be found below:

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



Proximus 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, Proximus'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)
=5.023/132.3456*132.3456
=5.023

Current CPI (Dec. 2024) = 132.3456.

Proximus Quarterly Data

per share eps CPI Adj_EPS
201503 6.600 99.423 8.786
201506 7.924 100.107 10.476
201509 3.983 100.245 5.258
201512 8.242 100.572 10.846
201603 6.709 101.653 8.735
201606 8.104 102.267 10.488
201609 10.850 102.118 14.062
201612 8.264 102.614 10.658
201703 7.451 103.972 9.484
201706 7.921 103.902 10.089
201709 9.301 104.170 11.817
201712 9.994 104.804 12.620
201803 8.513 105.419 10.687
201806 8.952 106.063 11.170
201809 8.949 106.618 11.108
201812 8.712 107.252 10.750
201903 9.206 107.876 11.294
201906 9.333 107.896 11.448
201909 8.697 107.470 10.710
201912 -1.886 108.065 -2.310
202003 12.177 108.550 14.846
202006 11.697 108.540 14.262
202009 12.750 108.441 15.561
202012 8.228 108.511 10.035
202103 9.247 109.522 11.174
202106 8.874 110.305 10.647
202109 8.709 111.543 10.333
202112 6.259 114.705 7.222
202203 8.114 118.620 9.053
202206 8.081 120.948 8.842
202209 7.767 124.120 8.282
202212 5.163 126.578 5.398
202303 5.597 126.528 5.854
202306 5.386 125.973 5.658
202309 4.648 127.083 4.840
202312 5.183 128.292 5.347
202403 5.592 130.552 5.669
202406 5.522 130.691 5.592
202409 12.238 130.968 12.367
202412 5.023 132.346 5.023

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


Proximus  (MEX:PROX) 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.

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

Shiller PE Ratio=Share Price/E10
=152.43/52.78
=2.89

* 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 Proximus was 12.25. The lowest was 2.76. And the median was 7.72.


Be Aware

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


Proximus E10 Related Terms

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


Proximus Business Description

Address
Boulevard du Roi Albert II, 27 B, Proximus Towers, Brussels, BEL, B-1030
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened with the acquisition of Telesign.

Proximus Headlines

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