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First Abacus Financial Holdings (PHS:FAF) E10 : ₱-0.15 (As of Mar. 2024)


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What is First Abacus Financial Holdings 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.

First Abacus Financial Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱-0.025. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱-0.15 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -35.70% per year. During the past 5 years, the average E10 Growth Rate was -36.70% 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 First Abacus Financial Holdings was -32.60% per year. The lowest was -35.70% per year. And the median was -35.70% per year.

As of today (2024-06-20), First Abacus Financial Holdings's current stock price is ₱0.60. First Abacus Financial Holdings's E10 for the quarter that ended in Mar. 2024 was ₱-0.15. First Abacus Financial Holdings's Shiller PE Ratio of today is .


First Abacus Financial Holdings E10 Historical Data

The historical data trend for First Abacus Financial Holdings'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.

First Abacus Financial Holdings E10 Chart

First Abacus Financial Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.06 -0.07 -0.10 -0.15

First Abacus Financial Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.11 -0.12 -0.12 -0.15 -0.15

Competitive Comparison of First Abacus Financial Holdings's E10

For the Capital Markets subindustry, First Abacus Financial Holdings'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.


First Abacus Financial Holdings's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Shiller PE Ratio falls into.



First Abacus Financial Holdings 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, First Abacus Financial Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.025/131.7762*131.7762
=-0.025

Current CPI (Mar. 2024) = 131.7762.

First Abacus Financial Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 -0.005 100.560 -0.007
201409 -0.006 100.428 -0.008
201412 0.130 99.070 0.173
201503 -0.008 99.621 -0.011
201506 -0.006 100.684 -0.008
201509 -0.007 100.392 -0.009
201512 0.024 99.792 0.032
201603 0.008 100.470 0.010
201606 0.009 101.688 0.012
201609 0.005 101.861 0.006
201612 -0.027 101.863 -0.035
201703 -0.029 102.862 -0.037
201706 0.006 103.349 0.008
201709 -0.009 104.136 -0.011
201712 0.012 104.011 0.015
201803 -0.012 105.290 -0.015
201806 -0.036 106.317 -0.045
201809 0.004 106.507 0.005
201812 -0.341 105.998 -0.424
201903 -0.030 107.251 -0.037
201906 -0.050 108.070 -0.061
201909 -0.036 108.329 -0.044
201912 -0.062 108.420 -0.075
202003 -0.048 108.902 -0.058
202006 -0.029 108.767 -0.035
202009 -0.030 109.815 -0.036
202012 0.015 109.897 0.018
202103 0.007 111.754 0.008
202106 -0.062 114.631 -0.071
202109 -0.066 115.734 -0.075
202112 0.087 117.630 0.097
202203 -0.034 121.301 -0.037
202206 -0.063 125.017 -0.066
202209 0.025 125.227 0.026
202212 -0.204 125.222 -0.215
202303 -0.038 127.348 -0.039
202306 -0.073 128.729 -0.075
202309 -0.055 129.860 -0.056
202312 -0.321 129.419 -0.327
202403 -0.025 131.776 -0.025

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


First Abacus Financial Holdings  (PHS:FAF) 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.


First Abacus Financial Holdings E10 Related Terms

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


First Abacus Financial Holdings (PHS:FAF) Business Description

Traded in Other Exchanges
N/A
Address
Exchange Road, Ortigas Center, Unit 2904-A East Tower, Philippine Stock Exchange Centre, Pasig, PHL, 1600
First Abacus Financial Holdings Corp is engaged in, through its subsidiaries, stockbroking activities, investment banking, real estate business, and other financial services. The company provides financial advisory services, debt underwriting and loan arrangements service, treasury sales service, and others. Its segments include Securities brokerage; Investment banking; Leasing and others, of which key revenue is generated from the Securities brokerage segment which handles buying and selling of shares of stock, bonds, and other securities.

First Abacus Financial Holdings (PHS:FAF) Headlines