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Qorvo (QRVO) E10 : $2.38 (As of Mar. 2024)


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What is Qorvo 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.

Qorvo's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.029. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.38 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-30), Qorvo's current stock price is $96.28. Qorvo's E10 for the quarter that ended in Mar. 2024 was $2.38. Qorvo's Shiller PE Ratio of today is 40.45.

During the past 12 years, the highest Shiller PE Ratio of Qorvo was 51.12. The lowest was 34.87. And the median was 43.33.


Qorvo E10 Historical Data

The historical data trend for Qorvo'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.

Qorvo E10 Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.38

Qorvo 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 - 2.42 2.48 2.34 2.38

Competitive Comparison of Qorvo's E10

For the Semiconductors subindustry, Qorvo'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.


Qorvo's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Qorvo's Shiller PE Ratio distribution charts can be found below:

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



Qorvo 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, Qorvo'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)
=0.029/131.7762*131.7762
=0.029

Current CPI (Mar. 2024) = 131.7762.

Qorvo Quarterly Data

per share eps CPI Adj_EPS
201406 0.260 100.560 0.341
201409 0.426 100.428 0.559
201412 0.592 99.070 0.787
201503 0.040 99.621 0.053
201506 0.010 100.684 0.013
201509 0.030 100.392 0.039
201512 -0.080 99.792 -0.106
201603 -0.180 100.470 -0.236
201606 -0.040 101.688 -0.052
201609 0.090 101.861 0.116
201612 -0.620 101.863 -0.802
201703 0.430 102.862 0.551
201706 -0.240 103.349 -0.306
201709 0.270 104.136 0.342
201712 -0.260 104.011 -0.329
201803 -0.100 105.290 -0.125
201806 -0.240 106.317 -0.297
201809 0.250 106.507 0.309
201812 0.550 105.998 0.684
201903 0.500 107.251 0.614
201906 0.330 108.070 0.402
201909 0.700 108.329 0.852
201912 1.360 108.420 1.653
202003 0.430 108.902 0.520
202006 0.830 108.767 1.006
202009 1.180 109.815 1.416
202012 1.740 109.897 2.086
202103 2.600 111.754 3.066
202106 2.510 114.631 2.885
202109 2.840 115.734 3.234
202112 1.950 117.630 2.185
202203 1.950 121.301 2.118
202206 0.650 125.017 0.685
202209 1.820 125.227 1.915
202212 -0.160 125.222 -0.168
202303 -1.390 127.348 -1.438
202306 -0.440 128.729 -0.450
202309 0.990 129.860 1.005
202312 -1.310 129.419 -1.334
202403 0.029 131.776 0.029

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


Qorvo  (NAS:QRVO) 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.

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

Shiller PE Ratio=Share Price/E10
=96.28/2.38
=40.45

* 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 12 years, the highest Shiller P/E Ratio of Qorvo was 51.12. The lowest was 34.87. And the median was 43.33.


Be Aware

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


Qorvo E10 Related Terms

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


Qorvo (QRVO) Business Description

Traded in Other Exchanges
Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
Executives
Steven E Creviston officer: VP and Pres. Mobile Products
Gina Harrison officer: VP and Corporate Controller 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley officer: Pres. Infra & Defense 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walden C Rhines director C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
Paul J Fego officer: VP, Global Operations 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Frank P. Stewart officer: SVP, Advanced Cellular 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Roderick Nelson director 2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Robert A Bruggeworth director, officer: President and CEO C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John R Harding director C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Grant Brown officer: SVP & Chief Financial Officer 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jeffery R Gardner director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James L Klein officer: VP and Pres. Infra. & Defense 2300NE BROOKWOOD PKWY, HILLSBORO OR 97124
Susan Louise Spradley director C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Mark J. Murphy officer: Chief Financial Officer DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098

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