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News (NAS:NWSA) E10

: $-0.45 (As of Dec. 2023)
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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.

News's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.45 for the trailing ten years ended in Dec. 2023.

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 (2024-02-21), News's current stock price is $26.25. News's E10 for the quarter that ended in Dec. 2023 was $-0.45. News's Shiller PE Ratio of today is .


News E10 Historical Data

The historical data trend for News'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.

News Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -0.83 -0.33 -0.43

News Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.61 -0.68 -0.43 -0.44 -0.45

Competitive Comparison

For the Entertainment subindustry, News'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.


News Shiller PE Ratio Distribution

For the Media - Diversified industry and Communication Services sector, News's Shiller PE Ratio distribution charts can be found below:

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



News 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, News's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.27/129.4194*129.4194
=0.270

Current CPI (Dec. 2023) = 129.4194.

News Quarterly Data

per share eps CPI Adj_EPS
201403 0.080 99.695 0.104
201406 0.020 100.560 0.026
201409 0.110 100.428 0.142
201412 0.240 99.070 0.314
201503 0.040 99.621 0.052
201506 -0.650 100.684 -0.836
201509 0.300 100.392 0.387
201512 0.110 99.792 0.143
201603 -0.260 100.470 -0.335
201606 0.150 101.688 0.191
201609 -0.030 101.861 -0.038
201612 -0.500 101.863 -0.635
201703 -0.010 102.862 -0.013
201706 -0.740 103.349 -0.927
201709 0.120 104.136 0.149
201712 -0.140 104.011 -0.174
201803 -1.940 105.290 -2.385
201806 -0.640 106.317 -0.779
201809 0.170 106.507 0.207
201812 0.160 105.998 0.195
201903 0.020 107.251 0.024
201906 -0.090 108.070 -0.108
201909 -0.390 108.329 -0.466
201912 0.140 108.420 0.167
202003 -1.240 108.902 -1.474
202006 -0.670 108.767 -0.797
202009 0.060 109.815 0.071
202012 0.390 109.897 0.459
202103 0.130 111.754 0.151
202106 -0.020 114.631 -0.023
202109 0.330 115.734 0.369
202112 0.400 117.630 0.440
202203 0.140 121.301 0.149
202206 0.190 125.017 0.197
202209 0.070 125.227 0.072
202212 0.120 125.222 0.124
202303 0.090 127.348 0.091
202306 -0.010 128.729 -0.010
202309 0.050 129.860 0.050
202312 0.270 129.419 0.270

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


News  (NAS:NWSA) 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.


Be Aware

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


News E10 Related Terms

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


News (NAS:NWSA) Business Description

Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Marygrace Degrazio officer: Chief Accounting Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kelly Ayotte director C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Susan Panuccio officer: Chief Financial Officer C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David B Pitofsky officer: General Counsel C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kevin Halpin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joel Klein director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James R Murdoch director C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
John Elkann director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Elaine L. Chao director C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Ana Paula Pessoa director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Masroor Siddiqui director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Natalie Bancroft director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jose Maria Aznar director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lachlan K Murdoch director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501