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Fiserv (MIL:1FISV) E10 : €2.84 (As of Sep. 2024)


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What is Fiserv 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.

Fiserv's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.883. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.84 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Fiserv's average E10 Growth Rate was 13.90% per year. During the past 3 years, the average E10 Growth Rate was 16.10% per year. During the past 5 years, the average E10 Growth Rate was 11.90% per year. During the past 10 years, the average E10 Growth Rate was 12.40% 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 Fiserv was 32.60% per year. The lowest was 7.70% per year. And the median was 15.10% per year.

As of today (2024-12-13), Fiserv's current stock price is €196.86. Fiserv's E10 for the quarter that ended in Sep. 2024 was €2.84. Fiserv's Shiller PE Ratio of today is 69.32.

During the past 13 years, the highest Shiller PE Ratio of Fiserv was 69.45. The lowest was 36.40. And the median was 48.68.


Fiserv E10 Historical Data

The historical data trend for Fiserv'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.

Fiserv E10 Chart

Fiserv 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 - - - - -

Fiserv 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 - - - 2.96 2.84

Competitive Comparison of Fiserv's E10

For the Information Technology Services subindustry, Fiserv'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.


Fiserv's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Fiserv's Shiller PE Ratio distribution charts can be found below:

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



Fiserv 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, Fiserv'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)
=0.883/133.0289*133.0289
=0.883

Current CPI (Sep. 2024) = 133.0289.

Fiserv Quarterly Data

per share eps CPI Adj_EPS
201412 0.296 99.070 0.397
201503 0.337 99.621 0.450
201506 0.236 100.684 0.312
201509 0.410 100.392 0.543
201512 0.372 99.792 0.496
201603 0.570 100.470 0.755
201606 0.418 101.688 0.547
201609 0.428 101.861 0.559
201612 0.465 101.863 0.607
201703 0.524 102.862 0.678
201706 0.454 103.349 0.584
201709 0.453 104.136 0.579
201712 1.086 104.011 1.389
201803 0.811 105.290 1.025
201806 0.514 106.317 0.643
201809 0.471 106.507 0.588
201812 0.624 105.998 0.783
201903 0.496 107.251 0.615
201906 0.496 108.070 0.611
201909 0.300 108.329 0.368
201912 0.324 108.420 0.398
202003 0.516 108.902 0.630
202006 0.003 108.767 0.004
202009 0.331 109.815 0.401
202012 0.362 109.897 0.438
202103 0.378 111.754 0.450
202106 0.332 114.631 0.385
202109 0.544 115.734 0.625
202112 0.443 117.630 0.501
202203 0.926 121.301 1.016
202206 0.870 125.017 0.926
202209 0.758 125.227 0.805
202212 1.161 125.222 1.233
202303 0.831 127.348 0.868
202306 1.015 128.729 1.049
202309 1.462 129.860 1.498
202312 1.330 129.419 1.367
202403 1.141 131.776 1.152
202406 1.421 132.554 1.426
202409 0.883 133.029 0.883

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


Fiserv  (MIL:1FISV) 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.

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

Shiller PE Ratio=Share Price/E10
=196.86/2.84
=69.32

* 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 Fiserv was 69.45. The lowest was 36.40. And the median was 48.68.


Be Aware

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


Fiserv E10 Related Terms

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


Fiserv Business Description

Address
255 Fiserv Drive, Brookfield, WI, USA, 53045
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for us banks and credit unions, with a focus on small and midsize banks. Through the merger with First Data in 2019, Fiserv also provides payment processing services for merchants. About 10% of the company's revenue is generated internationally.

Fiserv Headlines

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