Switch to:

Millicom International Cellular E10

: $6.29 (As of Sep. 2019)
View and export this data going back to . Start your Free Trial

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.

Millicom International Cellular's adjusted earnings per share data for the three months ended in Sep. 2019 was $-1.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.29 for the trailing ten years ended in Sep. 2019.

As of today (2019-12-07), Millicom International Cellular's current stock price is $47.25. Millicom International Cellular's E10 for the quarter that ended in Sep. 2019 was $6.29. Millicom International Cellular's Shiller PE Ratio of today is 7.51.

During the past 13 years, the highest Shiller PE Ratio of Millicom International Cellular was 37.83. The lowest was 5.09. And the median was 11.45.


Millicom International Cellular 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.

Millicom International Cellular Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.22 7.73 7.64 7.09 6.67

Millicom International Cellular Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 6.90 6.67 6.59 6.58 6.29

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.


Millicom International Cellular E10 Distribution

* The bar in red indicates where Millicom International Cellular's E10 falls into.



Millicom International Cellular 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, Millicom International Cellular's adjusted earnings per share data for the three months ended in Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=-1.29/256.358*256.358
=-1.290

Current CPI (Sep. 2019) = 256.358.

Millicom International Cellular Quarterly Data

per share eps CPI Adj_EPS
200912 4.170 215.949 4.950
201003 1.430 217.631 1.684
201006 1.230 217.965 1.447
201009 11.090 218.439 13.015
201012 1.210 219.179 1.415
201103 2.450 223.467 2.811
201106 1.330 225.722 1.511
201109 3.310 226.889 3.740
201112 1.760 225.672 1.999
201203 0.930 229.392 1.039
201206 2.090 229.478 2.335
201209 1.140 231.407 1.263
201212 0.850 229.601 0.949
201303 1.450 232.773 1.597
201306 0.660 233.504 0.725
201309 -0.370 234.149 -0.405
201312 0.551 233.049 0.606
201403 22.440 236.293 24.346
201406 1.860 238.343 2.001
201409 1.650 238.031 1.777
201412 0.480 234.812 0.524
201503 -0.460 236.119 -0.499
201506 -0.990 238.638 -1.064
201509 0.120 237.945 0.129
201512 -4.260 236.525 -4.617
201603 0.380 238.132 0.409
201606 0.390 241.018 0.415
201609 0.200 241.428 0.212
201612 -1.290 241.432 -1.370
201703 0.240 243.801 0.252
201706 -0.280 244.955 -0.293
201709 0.210 246.819 0.218
201712 0.690 246.524 0.718
201803 0.170 249.554 0.175
201806 -0.010 251.989 -0.010
201809 0.680 252.439 0.691
201812 -0.940 251.233 -0.959
201903 0.140 254.202 0.141
201906 0.450 256.143 0.450
201909 -1.290 256.358 -1.290

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


Millicom International Cellular  (NAS:TIGO) 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.

Millicom International Cellular's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.25/6.29
=7.51

* 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 Millicom International Cellular was 37.83. The lowest was 5.09. And the median was 11.45.


Be Aware

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


Millicom International Cellular E10 Related Terms


Millicom International Cellular E10 Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)