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PLDT (PHTCF) E10 : $1.88 (As of Sep. 2024)


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What is PLDT 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.

PLDT's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.761. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.88 for the trailing ten years ended in Sep. 2024.

During the past 12 months, PLDT's average E10 Growth Rate was -4.50% per year. During the past 3 years, the average E10 Growth Rate was -2.90% per year. During the past 5 years, the average E10 Growth Rate was -4.60% per year. During the past 10 years, the average E10 Growth Rate was -5.40% 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 PLDT was 37.00% per year. The lowest was -7.00% per year. And the median was 3.45% per year.

As of today (2024-12-15), PLDT's current stock price is $22.00. PLDT's E10 for the quarter that ended in Sep. 2024 was $1.88. PLDT's Shiller PE Ratio of today is 11.70.

During the past 13 years, the highest Shiller PE Ratio of PLDT was 16.01. The lowest was 5.98. And the median was 9.97.


PLDT E10 Historical Data

The historical data trend for PLDT'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.

PLDT E10 Chart

PLDT 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 2.79 2.33 2.67 1.99 2.08

PLDT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.22 2.08 1.95 1.84 1.88

Competitive Comparison of PLDT's E10

For the Telecom Services subindustry, PLDT'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.


PLDT's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Shiller PE Ratio distribution charts can be found below:

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



PLDT 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, PLDT's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.761/133.0289*133.0289
=0.761

Current CPI (Sep. 2024) = 133.0289.

PLDT Quarterly Data

per share eps CPI Adj_EPS
201412 0.483 99.070 0.649
201503 0.740 99.621 0.988
201506 0.736 100.684 0.972
201509 0.520 100.392 0.689
201512 -0.260 99.792 -0.347
201603 0.490 100.470 0.649
201606 0.492 101.688 0.644
201609 0.267 101.861 0.349
201612 0.326 101.863 0.426
201703 0.389 102.862 0.503
201706 0.912 103.349 1.174
201709 0.422 104.136 0.539
201712 -0.673 104.011 -0.861
201803 0.543 105.290 0.686
201806 0.383 106.317 0.479
201809 0.354 106.507 0.442
201812 0.208 105.998 0.261
201903 0.528 107.251 0.655
201906 0.433 108.070 0.533
201909 0.298 108.329 0.366
201912 0.514 108.420 0.631
202003 0.466 108.902 0.569
202006 0.501 108.767 0.613
202009 0.584 109.815 0.707
202012 0.362 109.897 0.438
202103 0.457 111.754 0.544
202106 0.561 114.631 0.651
202109 0.467 115.734 0.537
202112 0.592 117.630 0.670
202203 0.717 121.301 0.786
202206 0.607 125.017 0.646
202209 0.844 125.227 0.897
202212 -1.344 125.222 -1.428
202303 0.710 127.348 0.742
202306 0.744 128.729 0.769
202309 0.743 129.860 0.761
202312 -0.101 129.419 -0.104
202403 0.774 131.776 0.781
202406 0.677 132.554 0.679
202409 0.761 133.029 0.761

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


PLDT  (OTCPK:PHTCF) 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.

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

Shiller PE Ratio=Share Price/E10
=22.00/1.88
=11.70

* 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 PLDT was 16.01. The lowest was 5.98. And the median was 9.97.


Be Aware

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


PLDT E10 Related Terms

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


PLDT Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company's business activities include three business units: Wireless, Fixed Line, and Others. The wireless segment consists of mobile telecommunications services provided by Smart and DMPI, and Fixed-line telecommunications services mainly provided by PLDT. It also provides fixed-line services through PLDT's subsidiaries.

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