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ENAV SpA (MIL:ENAV) E10 : €0.17 (As of Dec. 2023)


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What is ENAV SpA 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.

ENAV SpA's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was €0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ENAV SpA's average E10 Growth Rate was 13.30% 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.

As of today (2024-04-29), ENAV SpA's current stock price is € 3.892. ENAV SpA's E10 for the fiscal year that ended in Dec. 2023 was €0.17. ENAV SpA's Shiller PE Ratio of today is 22.89.

During the past 11 years, the highest Shiller PE Ratio of ENAV SpA was 29.08. The lowest was 19.01. And the median was 26.11.


ENAV SpA E10 Historical Data

The historical data trend for ENAV SpA'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.

ENAV SpA E10 Chart

ENAV SpA 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 - - - 0.15 0.17

ENAV SpA Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 - 0.15 - - 0.17

Competitive Comparison of ENAV SpA's E10

For the Airports & Air Services subindustry, ENAV SpA'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.


ENAV SpA's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ENAV SpA's Shiller PE Ratio distribution charts can be found below:

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



ENAV SpA 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, ENAV SpA's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.21/119.5000*119.5000
=0.210

Current CPI (Dec. 2023) = 119.5000.

ENAV SpA Annual Data

per_share_eps CPI Adj_EPS
201412 0.045 99.721 0.054
201512 0.074 99.814 0.089
201612 0.110 100.300 0.131
201712 0.190 101.200 0.224
201812 0.210 102.300 0.245
201912 0.220 102.800 0.256
202012 0.100 102.600 0.116
202112 0.140 106.600 0.157
202212 0.190 119.000 0.191
202312 0.210 119.500 0.210

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


ENAV SpA  (MIL:ENAV) 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.

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

Shiller PE Ratio=Share Price/E10
=3.892/0.17
=22.89

* 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 11 years, the highest Shiller P/E Ratio of ENAV SpA was 29.08. The lowest was 19.01. And the median was 26.11.


Be Aware

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


ENAV SpA E10 Related Terms

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


ENAV SpA (MIL:ENAV) Business Description

Traded in Other Exchanges
Address
Via Salaria 716, Rome, ITA, 00138
ENAV SpA is an air traffic controlling firm. The company's operating segment includes Air navigation services, Maintenance services and AIM software solutions. It generates maximum revenue from the Flight assistance services segment. Geographically, it derives a majority of revenue from Italy.

ENAV SpA (MIL:ENAV) Headlines