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NetApp E10

: $2.41 (As of Oct. 2021)
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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.

NetApp's adjusted earnings per share data for the three months ended in Oct. 2021 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.41 for the trailing ten years ended in Oct. 2021.

As of today (2022-01-17), NetApp's current stock price is $95.41. NetApp's E10 for the quarter that ended in Oct. 2021 was $2.41. NetApp's Shiller PE Ratio of today is 39.59.

During the past 13 years, the highest Shiller PE Ratio of NetApp was 86.57. The lowest was 16.80. And the median was 33.97.


NetApp E10 Historical Data

The historical data trend for NetApp'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.

NetApp Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.35 1.81 2.04 2.24

NetApp Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
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 2.06 2.10 2.24 2.34 2.41

Competitive Comparison

For the Computer Hardware subindustry, NetApp'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.

   

NetApp E10 Distribution

For the Hardware industry and Technology sector, NetApp's E10 distribution charts can be found below:

* The bar in red indicates where NetApp's E10 falls into.



NetApp 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, NetApp's adjusted earnings per share data for the three months ended in Oct. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2021 (Change)*Current CPI (Oct. 2021)
=0.98/116.6958*116.6958
=0.980

Current CPI (Oct. 2021) = 116.6958.

NetApp Quarterly Data

per share eps CPI Adj_EPS
201201 0.320 95.632 0.390
201204 0.470 97.075 0.565
201207 0.170 96.661 0.205
201210 0.300 97.595 0.359
201301 0.430 97.158 0.516
201304 0.470 98.107 0.559
201307 0.230 98.557 0.272
201310 0.480 98.536 0.568
201401 0.550 98.692 0.650
201404 0.590 100.023 0.688
201407 0.270 100.520 0.313
201410 0.490 100.176 0.571
201501 0.560 98.604 0.663
201504 0.430 99.824 0.503
201507 -0.100 100.691 -0.116
201510 0.390 100.346 0.454
201601 0.520 99.957 0.607
201604 -0.030 100.947 -0.035
201607 0.230 101.524 0.264
201610 0.380 101.988 0.435
201701 0.520 102.456 0.592
201704 0.680 103.167 0.769
201707 0.470 103.278 0.531
201710 0.630 104.070 0.706
201801 -1.790 104.578 -1.997
201804 0.990 105.708 1.093
201807 1.050 106.324 1.152
201810 0.910 106.695 0.995
201901 0.980 106.200 1.077
201904 1.590 107.818 1.721
201907 0.420 108.250 0.453
201910 1.030 108.577 1.107
202001 1.210 108.841 1.297
202004 0.880 108.173 0.949
202007 0.350 109.318 0.374
202010 0.610 109.861 0.648
202101 0.800 110.364 0.846
202104 1.460 112.673 1.512
202107 0.880 115.183 0.892
202110 0.980 116.696 0.980

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


NetApp  (NAS:NTAP) 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.

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

Shiller PE Ratio=Share Price/E10
=95.41/2.41
=39.59

* 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 NetApp was 86.57. The lowest was 16.80. And the median was 33.97.


Be Aware

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


NetApp E10 Related Terms

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


NetApp Business Description

NetApp logo
Industry
Technology » Hardware NAICS : 334112 SIC : 3572
Traded in Other Exchanges
Address
1395 Crossman Avenue, Sunnyvale, CA, USA, 94089
NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
Executives
Allen Scott R. officer: SVP, Chief Accounting Officer 11690 N.W. 105TH STREET MIAMI FL 33178
Anderson Brad officer: EVP, SSSBU and CIBU ONE DELL WAY ROUND ROCK TX 78682
Hill Kathryn director 7 WORLD TRADE CENTER 250 GREENWICH STREET NEW YORK NY 10007
Ahuja Deepak director C/O TESLA MOTORS, INC. 3500 DEER CREEK ROAD PALO ALTO CA 94304
Schenkel Scott F. director C/O EBAY INC. 2025 HAMILTON AVE. SAN JOSE CA 95125
Kerr Deborah director 901 MARQUETTE AVENUE SUITE 3200 MINNEAPOLIS MN 55402
Nevens Thomas Michael director C/O BORLAND SOFTWARE CORPORATION 20450 STEVENS CREEK BLVD, SUITE 800 CUPERTINO CA 95014
Shaheen George T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHAHEEN GEORGE T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Held Gerald director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HELD GERALD a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Cernuda Cesar officer: President 1395 CROSSMAN AVENUE SUNNYVALE CA 94089
Berry Michael J officer: EVP Finance & Operations, CFO C/O INFORMATICA CORPORATION 2100 SEAPORT BOULEVARD REDWOOD CITY CA 94063
Fawcett Matthew K officer: SVP, GC & Secretary 495 EAST JAVA DRIVE SUNNYVALE CA 94089
Kurian George director, officer: CEO C/O NETAPP 495 E. JAVA DRIVE SUNNYVALE CA 94089
Pasek Ronald J officer: EVP Finance & Operations, CFO 101 INNOVATION DRIVE SAN JOSE CA 95134
Richard Henri P officer: EVP, Go To Market FREESCALE SEMICONDUCTOR, INC. 2680 ZANKER RD, SUITE 200 SAN JOSE CA 95134

NetApp Headlines

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