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Qualcomm E10

: $2.82 (As of Dec. 2019)
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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.

Qualcomm's adjusted earnings per share data for the three months ended in Dec. 2019 was $0.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.82 for the trailing ten years ended in Dec. 2019.

As of today (2020-02-22), Qualcomm's current stock price is $87.03. Qualcomm's E10 for the quarter that ended in Dec. 2019 was $2.82. Qualcomm's Shiller PE Ratio of today is 30.86.

During the past 13 years, the highest Shiller PE Ratio of Qualcomm was 50.43. The lowest was 15.83. And the median was 30.64.


Qualcomm E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Qualcomm Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.75 2.99 3.01 2.50 2.80

Qualcomm Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 2.56 2.66 2.81 2.80 2.82

Competitive Comparison
* 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.


Qualcomm E10 Distribution

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



Qualcomm 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.

For example, Qualcomm's adjusted earnings per share data for the three months ended in Dec. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=0.8/257.14*257.14
=0.800

Current CPI (Dec. 2019) = 257.14.

Qualcomm Quarterly Data

per share eps CPI Adj_EPS
201003 0.460 217.630 0.544
201006 0.470 217.970 0.554
201009 0.530 218.440 0.624
201012 0.710 219.180 0.833
201103 0.590 223.470 0.679
201106 0.610 225.720 0.695
201109 0.620 226.890 0.703
201112 0.810 225.670 0.923
201203 1.280 229.390 1.435
201206 0.690 229.480 0.773
201209 0.730 231.410 0.811
201212 1.090 229.600 1.221
201303 1.060 232.770 1.171
201306 0.900 233.500 0.991
201309 0.870 234.150 0.955
201312 1.090 233.050 1.203
201403 1.140 236.290 1.241
201406 1.310 238.340 1.413
201409 1.120 238.030 1.210
201412 1.170 234.810 1.281
201503 0.630 236.120 0.686
201506 0.730 238.640 0.787
201509 0.670 237.940 0.724
201512 0.990 236.530 1.076
201603 0.780 238.130 0.842
201606 0.970 241.020 1.035
201609 1.070 241.430 1.140
201612 0.460 241.430 0.490
201703 0.500 243.800 0.527
201706 0.580 244.960 0.609
201709 0.110 246.820 0.115
201712 -4.050 246.520 -4.224
201803 0.220 249.550 0.227
201806 0.810 251.990 0.827
201809 -0.350 252.440 -0.357
201812 0.870 251.230 0.890
201903 0.550 254.200 0.556
201906 1.750 256.140 1.757
201909 0.420 256.760 0.421
201912 0.800 257.140 0.800

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


Qualcomm  (NAS:QCOM) 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.

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

Shiller PE Ratio=Share Price/E10
=87.03/2.82
=30.86

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Qualcomm was 50.43. The lowest was 15.83. And the median was 30.64.


Be Aware

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


Qualcomm E10 Related Terms

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