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Air France-KLM (MIL:1AF) E10 : €-10.33 (As of Sep. 2024)


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What is Air France-KLM 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.

Air France-KLM's adjusted earnings per share data for the three months ended in Sep. 2024 was €2.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-10.33 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was -18.30% 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 Air France-KLM was 5.00% per year. The lowest was -160.70% per year. And the median was -34.60% per year.

As of today (2024-12-14), Air France-KLM's current stock price is €7.95. Air France-KLM's E10 for the quarter that ended in Sep. 2024 was €-10.33. Air France-KLM's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air France-KLM was 169.82. The lowest was 147.71. And the median was 155.95.


Air France-KLM E10 Historical Data

The historical data trend for Air France-KLM'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.

Air France-KLM E10 Chart

Air France-KLM 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 -9.43 -26.59 -30.38 -14.52 -11.48

Air France-KLM 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 -13.73 -11.48 -10.52 -10.56 -10.33

Competitive Comparison of Air France-KLM's E10

For the Airlines subindustry, Air France-KLM'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.


Air France-KLM's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air France-KLM's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Air France-KLM's Shiller PE Ratio falls into.



Air France-KLM 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, Air France-KLM'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)
=2.87/119.5600*119.5600
=2.870

Current CPI (Sep. 2024) = 119.5600.

Air France-KLM Quarterly Data

per share eps CPI Adj_EPS
201412 5.245 99.860 6.280
201503 -9.532 100.170 -11.377
201506 -1.362 100.440 -1.621
201509 8.221 99.950 9.834
201512 4.388 100.040 5.244
201603 -2.723 100.020 -3.255
201606 0.555 100.630 0.659
201609 8.322 100.340 9.916
201612 5.195 100.650 6.171
201703 -2.522 101.170 -2.980
201706 9.885 101.320 11.665
201709 9.179 101.330 10.830
201712 -13.718 101.850 -16.103
201803 -3.228 102.750 -3.756
201806 1.156 103.370 1.337
201809 9.415 103.560 10.870
201812 -2.522 103.470 -2.914
201903 -3.883 103.890 -4.469
201906 1.050 104.580 1.200
201909 4.365 104.500 4.994
201912 1.614 104.980 1.838
202003 -21.284 104.590 -24.330
202006 -30.926 104.790 -35.285
202009 -19.540 104.550 -22.345
202012 -12.054 104.960 -13.731
202103 -17.450 105.750 -19.729
202106 -12.154 106.340 -13.665
202109 -1.179 106.810 -1.320
202112 -2.194 107.850 -2.432
202203 -9.400 110.490 -10.172
202206 0.852 112.550 0.905
202209 1.713 112.740 1.817
202212 1.884 114.160 1.973
202303 -0.140 116.790 -0.143
202306 0.190 117.650 0.193
202309 0.400 118.260 0.404
202312 -1.047 118.390 -1.057
202403 -2.040 119.470 -2.042
202406 0.410 120.200 0.408
202409 2.870 119.560 2.870

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


Air France-KLM  (MIL:1AF) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air France-KLM was 169.82. The lowest was 147.71. And the median was 155.95.


Be Aware

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


Air France-KLM E10 Related Terms

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


Air France-KLM Business Description

Address
7 Rue du Cirque, Paris, FRA, 75008
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue that includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.

Air France-KLM Headlines

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