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Telecom Argentina E10

: $0.10 (As of Sep. 2020)
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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.

Telecom Argentina's adjusted earnings per share data for the three months ended in Sep. 2020 was $-0.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.10 for the trailing ten years ended in Sep. 2020.

As of today (2021-02-25), Telecom Argentina's current stock price is $5.830000. Telecom Argentina's E10 for the quarter that ended in Sep. 2020 was $0.10. Telecom Argentina's Shiller PE Ratio of today is 58.30.

During the past 13 years, the highest Shiller PE Ratio of Telecom Argentina was 182.22. The lowest was 10.60. And the median was 32.24.


Telecom Argentina 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.

Telecom Argentina Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.82 0.83 0.44 0.19

Telecom Argentina Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 0.20 0.19 0.17 0.14 0.10

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.


Telecom Argentina E10 Distribution

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



Telecom Argentina 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, Telecom Argentina's adjusted earnings per share data for the three months ended in Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=-0.11045258918245/109.8605*109.8605
=-0.110

Current CPI (Sep. 2020) = 109.8605.

Telecom Argentina Quarterly Data

per share eps CPI Adj_EPS
201012 0.800 92.914 0.946
201103 0.789 94.890 0.914
201106 0.775 95.319 0.893
201109 0.737 95.529 0.848
201112 0.755 95.632 0.867
201203 0.811 97.075 0.917
201206 0.652 96.661 0.741
201209 0.671 97.595 0.755
201212 0.820 97.158 0.927
201303 0.796 98.107 0.892
201306 0.623 98.557 0.695
201309 0.776 98.536 0.865
201312 0.715 98.692 0.796
201403 0.580 100.023 0.637
201406 0.578 100.520 0.632
201409 0.517 100.176 0.567
201412 0.621 98.604 0.692
201503 0.601 99.824 0.661
201506 0.528 100.691 0.576
201509 0.441 100.346 0.483
201512 0.257 99.957 0.283
201603 0.325 100.947 0.354
201606 0.297 101.524 0.321
201609 0.258 101.988 0.278
201612 0.489 102.456 0.525
201703 0.627 103.167 0.668
201706 0.324 103.278 0.345
201709 0.328 104.070 0.346
201712 0.288 104.578 0.302
201803 1.310 105.708 1.362
201806 -0.852 106.324 -0.880
201809 -0.977 106.695 -1.006
201812 1.225 106.200 1.268
201903 0.109 107.818 0.111
201906 0.389 108.250 0.395
201909 -1.155 108.577 -1.169
201912 0.391 108.841 0.394
202003 0.095 108.173 0.097
202006 -0.032 109.318 -0.032
202009 -0.110 109.861 -0.110

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


Telecom Argentina  (NYSE:TEO) 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.

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

Shiller PE Ratio=Share Price/E10
=5.830000/0.1
=58.30

* 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 Telecom Argentina was 182.22. The lowest was 10.60. And the median was 32.24.


Be Aware

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


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