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Ternium (STU:T5Z) E10 : €5.65 (As of Dec. 2024)


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What is Ternium 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.

Ternium's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.366. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.65 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Ternium's average E10 Growth Rate was 2.40% per year. During the past 3 years, the average E10 Growth Rate was 10.20% per year. During the past 5 years, the average E10 Growth Rate was 19.70% per year. During the past 10 years, the average E10 Growth Rate was 9.60% 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 Ternium was 28.60% per year. The lowest was -7.80% per year. And the median was 7.40% per year.

As of today (2025-03-02), Ternium's current stock price is €27.40. Ternium's E10 for the quarter that ended in Dec. 2024 was €5.65. Ternium's Shiller PE Ratio of today is 4.85.

During the past 13 years, the highest Shiller PE Ratio of Ternium was 17.02. The lowest was 4.08. And the median was 7.69.


Ternium E10 Historical Data

The historical data trend for Ternium'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.

Ternium E10 Chart

Ternium 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 2.22 3.87 5.23 5.25 5.65

Ternium 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 5.25 5.47 5.10 5.23 5.65

Competitive Comparison of Ternium's E10

For the Steel subindustry, Ternium'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.


Ternium's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ternium's Shiller PE Ratio distribution charts can be found below:

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



Ternium 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, Ternium'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)
=1.366/122.4300*122.4300
=1.366

Current CPI (Dec. 2024) = 122.4300.

Ternium Quarterly Data

per share eps CPI Adj_EPS
201503 0.322 99.980 0.394
201506 0.178 100.640 0.217
201509 0.089 100.380 0.109
201512 -0.590 99.910 -0.723
201603 0.449 100.030 0.550
201606 0.712 100.660 0.866
201609 1.069 100.750 1.299
201612 0.572 101.040 0.693
201703 1.215 101.780 1.462
201706 1.157 102.170 1.386
201709 0.839 102.520 1.002
201712 0.760 102.410 0.909
201803 1.379 102.900 1.641
201806 1.284 103.650 1.517
201809 2.314 104.580 2.709
201812 1.570 104.320 1.843
201903 0.974 105.140 1.134
201906 0.797 105.550 0.924
201909 0.454 105.900 0.525
201912 0.360 106.080 0.415
202003 -0.090 106.040 -0.104
202006 0.178 106.340 0.205
202009 -0.255 106.620 -0.293
202012 2.515 106.670 2.887
202103 2.604 108.140 2.948
202106 4.316 108.680 4.862
202109 5.185 109.470 5.799
202112 4.496 111.090 4.955
202203 3.632 114.780 3.874
202206 3.879 116.750 4.068
202209 0.808 117.000 0.845
202212 0.192 117.060 0.201
202303 1.775 118.910 1.828
202306 2.954 120.460 3.002
202309 -3.561 121.740 -3.581
202312 1.935 121.170 1.955
202403 1.656 122.590 1.654
202406 -3.437 123.120 -3.418
202409 0.180 123.300 0.179
202412 1.366 122.430 1.366

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


Ternium  (STU:T5Z) 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.

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

Shiller PE Ratio=Share Price/E10
=27.40/5.65
=4.85

* 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 Ternium was 17.02. The lowest was 4.08. And the median was 7.69.


Be Aware

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


Ternium E10 Related Terms

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


Ternium Business Description

Address
26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel, Usiminas and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The Usiminas segment include iron ore extraction, steel transformation, production of capital goods and logistics. The vast majority of its revenue comes from the steel segment and geographically from Mexico.

Ternium Headlines

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