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MasTec (NYSE:MTZ) E10

: $3.02 (As of Sep. 2022)
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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.

MasTec's adjusted earnings per share data for the three months ended in Sep. 2022 was $0.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.02 for the trailing ten years ended in Sep. 2022.

As of today (2023-01-30), MasTec's current stock price is $96.40. MasTec's E10 for the quarter that ended in Sep. 2022 was $3.02. MasTec's Shiller PE Ratio of today is 31.92.

During the past 13 years, the highest Shiller PE Ratio of MasTec was 180.06. The lowest was 12.50. And the median was 31.97.


MasTec E10 Historical Data

The historical data trend for MasTec'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.

MasTec Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 1.65 2.10 2.44 2.91

MasTec Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
E10 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 Premium Member Only Premium Member Only Premium Member Only 2.78 2.91 2.94 3.00 3.02

Competitive Comparison

For the Engineering & Construction subindustry, MasTec's E10, along with its competitors' market caps and E10 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.

   

MasTec E10 Distribution

For the Construction industry and Industrials sector, MasTec's E10 distribution charts can be found below:

* The bar in red indicates where MasTec's E10 falls in comparison to its industry or sector. The grey bar indicates the E10's extreme value range as defined by GuruFocus.



MasTec 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, MasTec's adjusted earnings per share data for the three months ended in Sep. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0.65/125.2265*125.2265
=0.650

Current CPI (Sep. 2022) = 125.2265.

MasTec Quarterly Data

per share eps CPI Adj_EPS
201212 0.440 96.871 0.569
201303 0.220 98.209 0.281
201306 0.410 98.518 0.521
201309 0.540 98.790 0.685
201312 0.480 98.326 0.611
201403 0.140 99.695 0.176
201406 0.390 100.560 0.486
201409 0.570 100.428 0.711
201412 0.260 99.070 0.329
201503 -0.080 99.621 -0.101
201506 -0.050 100.684 -0.062
201509 0.090 100.392 0.112
201512 -0.960 99.792 -1.205
201603 -0.030 100.470 -0.037
201606 0.300 101.688 0.369
201609 0.690 101.861 0.848
201612 0.660 101.863 0.811
201703 0.500 102.862 0.609
201706 0.990 103.349 1.200
201709 0.770 104.136 0.926
201712 1.950 104.011 2.348
201803 0.320 105.290 0.381
201806 1.010 106.317 1.190
201809 1.520 106.507 1.787
201812 0.410 105.998 0.484
201903 0.570 107.251 0.666
201906 1.580 108.070 1.831
201909 1.690 108.329 1.954
201912 1.330 108.420 1.536
202003 0.480 108.902 0.552
202006 0.780 108.767 0.898
202009 1.590 109.815 1.813
202012 1.540 109.897 1.755
202103 0.890 111.754 0.997
202106 1.020 114.631 1.114
202109 1.500 115.734 1.623
202112 1.040 117.630 1.107
202203 -0.470 121.301 -0.485
202206 0.200 125.017 0.200
202209 0.650 125.227 0.650

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


MasTec  (NYSE:MTZ) 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.

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

Shiller PE Ratio=Share Price/E10
=96.40/3.02
=31.92

* 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 MasTec was 180.06. The lowest was 12.50. And the median was 31.97.


Be Aware

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


MasTec E10 Related Terms

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


MasTec (NYSE:MTZ) Business Description

MasTec logo
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.
Executives
Parker Ava L director 1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A director C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray officer: President 800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E officer: Chief Operations Officer 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott officer: Chief Operations Officer C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert officer: EVP & CFO 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M director 3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael officer: General Counsel and EVP 800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131

MasTec (NYSE:MTZ) Headlines

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