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Tivoli AS (OCSE:TIV) E10 : kr10.41 (As of Dec. 2024)


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What is Tivoli AS E10?

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.

Tivoli AS's adjusted earnings per share data for the three months ended in Dec. 2024 was kr12.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr10.41 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Tivoli AS's average E10 Growth Rate was 15.50% per year. During the past 3 years, the average E10 Growth Rate was 15.10% per year. During the past 5 years, the average E10 Growth Rate was 5.90% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Tivoli AS was 15.10% per year. The lowest was -1.00% per year. And the median was 8.30% per year.

As of today (2025-04-04), Tivoli AS's current stock price is kr658.00. Tivoli AS's E10 for the quarter that ended in Dec. 2024 was kr10.41. Tivoli AS's Shiller PE Ratio of today is 63.21.

During the past 13 years, the highest Shiller PE Ratio of Tivoli AS was 308.68. The lowest was 57.44. And the median was 98.16.


Tivoli AS E10 Historical Data

The historical data trend for Tivoli AS'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.

Tivoli AS E10 Chart

Tivoli AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.94 6.83 8.20 9.01 10.41

Tivoli AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial 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 9.01 8.64 9.15 9.82 10.41

Competitive Comparison of Tivoli AS's E10

For the Leisure subindustry, Tivoli AS'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.


Tivoli AS's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's Shiller PE Ratio distribution charts can be found below:

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


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Tivoli AS 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, Tivoli AS's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=12.6/118.9000*118.9000
=12.600

Current CPI (Dec. 2024) = 118.9000.

Tivoli AS Quarterly Data

per share eps CPI Adj_EPS
201503 -8.660 100.200 -10.276
201506 3.000 100.300 3.556
201509 9.000 100.200 10.680
201512 4.268 99.800 5.085
201603 -10.100 100.200 -11.985
201606 3.200 100.600 3.782
201609 11.400 100.200 13.528
201612 8.600 100.300 10.195
201703 -10.200 101.200 -11.984
201706 3.200 101.200 3.760
201709 11.200 101.800 13.081
201712 9.499 101.300 11.149
201803 -9.000 101.700 -10.522
201806 4.000 102.300 4.649
201809 12.000 102.400 13.934
201812 9.500 102.100 11.063
201903 -10.400 102.900 -12.017
201906 4.600 102.900 5.315
201909 28.900 102.900 33.394
201912 6.175 102.900 7.135
202003 -12.100 103.300 -13.927
202006 -6.400 103.200 -7.374
202009 -0.157 103.500 -0.180
202012 -6.500 103.400 -7.474
202103 -14.400 104.300 -16.416
202106 -2.100 105.000 -2.378
202109 4.800 105.800 5.394
202112 4.500 106.600 5.019
202203 -13.277 109.900 -14.364
202206 5.700 113.600 5.966
202209 13.200 116.400 13.484
202212 5.700 115.900 5.848
202303 -17.200 117.300 -17.435
202306 7.000 116.400 7.150
202309 15.400 117.400 15.597
202312 9.900 116.700 10.087
202403 -15.300 118.400 -15.365
202406 7.300 118.500 7.325
202409 17.000 118.900 17.000
202412 12.600 118.900 12.600

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


Tivoli AS  (OCSE:TIV) 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.

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

Shiller PE Ratio=Share Price/E10
=658.00/10.41
=63.21

* 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 Tivoli AS was 308.68. The lowest was 57.44. And the median was 98.16.


Be Aware

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


Tivoli AS E10 Related Terms

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


Tivoli AS Business Description

Traded in Other Exchanges
Address
Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, and entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, a circus. The company operates in six business segments Games & Casino, Food & Beverage, high end, Enterprise Rental, Sales, Culture.

Tivoli AS Headlines

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