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GMA Network (PHS:GMA7) E10 : ₱0.83 (As of Mar. 2024)


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What is GMA Network 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.

GMA Network's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱0.042. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱0.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GMA Network's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 14.70% 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 GMA Network was 20.10% per year. The lowest was 12.80% per year. And the median was 17.20% per year.

As of today (2024-06-21), GMA Network's current stock price is ₱7.21. GMA Network's E10 for the quarter that ended in Mar. 2024 was ₱0.83. GMA Network's Shiller PE Ratio of today is 8.69.

During the past 13 years, the highest Shiller PE Ratio of GMA Network was 25.65. The lowest was 8.45. And the median was 11.89.


GMA Network E10 Historical Data

The historical data trend for GMA Network'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.

GMA Network E10 Chart

GMA Network 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 0.45 0.51 0.66 0.78 0.82

GMA Network 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 0.78 0.79 0.81 0.82 0.83

Competitive Comparison of GMA Network's E10

For the Broadcasting subindustry, GMA Network'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.


GMA Network's Shiller PE Ratio Distribution in the Media - Diversified Industry

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

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



GMA Network 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, GMA Network'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)
=0.042/131.7762*131.7762
=0.042

Current CPI (Mar. 2024) = 131.7762.

GMA Network Quarterly Data

per share eps CPI Adj_EPS
201406 0.052 100.560 0.068
201409 0.052 100.428 0.068
201412 0.001 99.070 0.001
201503 0.083 99.621 0.110
201506 0.083 100.684 0.109
201509 0.083 100.392 0.109
201512 0.066 99.792 0.087
201603 0.105 100.470 0.138
201606 0.280 101.688 0.363
201609 0.150 101.861 0.194
201612 0.109 101.863 0.141
201703 0.172 102.862 0.220
201706 0.145 103.349 0.185
201709 0.158 104.136 0.200
201712 0.047 104.011 0.060
201803 0.086 105.290 0.108
201806 0.165 106.317 0.205
201809 0.152 106.507 0.188
201812 0.003 105.998 0.004
201903 0.147 107.251 0.181
201906 0.129 108.070 0.157
201909 0.129 108.329 0.157
201912 0.091 108.420 0.111
202003 0.118 108.902 0.143
202006 0.170 108.767 0.206
202009 0.513 109.815 0.616
202012 0.429 109.897 0.514
202103 0.411 111.754 0.485
202106 0.337 114.631 0.387
202109 0.481 115.734 0.548
202112 0.320 117.630 0.358
202203 0.436 121.301 0.474
202206 0.386 125.017 0.407
202209 0.225 125.227 0.237
202212 0.072 125.222 0.076
202303 0.124 127.348 0.128
202306 0.120 128.729 0.123
202309 0.264 129.860 0.268
202312 0.144 129.419 0.147
202403 0.042 131.776 0.042

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


GMA Network  (PHS:GMA7) 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.

GMA Network's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.21/0.83
=8.69

* 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 GMA Network was 25.65. The lowest was 8.45. And the median was 11.89.


Be Aware

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


GMA Network E10 Related Terms

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


GMA Network (PHS:GMA7) Business Description

Traded in Other Exchanges
N/A
Address
GMA Network Center, Timog Avenue EDSA corner, Diliman, Quezon, PHL, 1103
GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines.

GMA Network (PHS:GMA7) Headlines

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