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Trend Micro (STU:TMI) E10 : €1.31 (As of Dec. 2024)


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What is Trend Micro 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.

Trend Micro's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.374. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.31 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Trend Micro's average E10 Growth Rate was 7.40% per year. During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 5.80% per year. During the past 10 years, the average E10 Growth Rate was 3.10% 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 Trend Micro was 9.10% per year. The lowest was -1.30% per year. And the median was 5.80% per year.

As of today (2025-03-20), Trend Micro's current stock price is €61.45. Trend Micro's E10 for the quarter that ended in Dec. 2024 was €1.31. Trend Micro's Shiller PE Ratio of today is 46.91.

During the past 13 years, the highest Shiller PE Ratio of Trend Micro was 54.50. The lowest was 21.27. And the median was 34.06.


Trend Micro E10 Historical Data

The historical data trend for Trend Micro'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.

Trend Micro E10 Chart

Trend Micro 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 1.34 1.39 1.42 1.25 1.31

Trend Micro 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 1.25 1.20 1.18 1.30 1.31

Competitive Comparison of Trend Micro's E10

For the Software - Infrastructure subindustry, Trend Micro'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.


Trend Micro's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Trend Micro's Shiller PE Ratio distribution charts can be found below:

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



Trend Micro 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, Trend Micro'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)
=0.374/110.7000*110.7000
=0.374

Current CPI (Dec. 2024) = 110.7000.

Trend Micro Quarterly Data

per share eps CPI Adj_EPS
201503 0.311 97.900 0.352
201506 0.259 98.400 0.291
201509 0.362 98.500 0.407
201512 0.234 98.100 0.264
201603 0.363 97.900 0.410
201606 0.291 98.100 0.328
201609 0.408 98.000 0.461
201612 0.426 98.400 0.479
201703 0.326 98.100 0.368
201706 0.344 98.500 0.387
201709 0.499 98.800 0.559
201712 0.278 99.400 0.310
201803 0.362 99.200 0.404
201806 0.384 99.200 0.429
201809 0.412 99.900 0.457
201812 0.408 99.700 0.453
201903 0.392 99.700 0.435
201906 0.397 99.800 0.440
201909 0.526 100.100 0.582
201912 0.333 100.500 0.367
202003 0.534 100.300 0.589
202006 0.370 99.900 0.410
202009 0.223 99.900 0.247
202012 0.450 99.300 0.502
202103 0.488 99.900 0.541
202106 0.416 99.500 0.463
202109 0.507 100.100 0.561
202112 0.707 100.100 0.782
202203 0.468 101.100 0.512
202206 0.324 101.800 0.352
202209 0.680 103.100 0.730
202212 0.068 104.100 0.072
202303 0.320 104.400 0.339
202306 0.261 105.200 0.275
202309 0.047 106.200 0.049
202312 -0.095 106.800 -0.098
202403 0.492 107.200 0.508
202406 0.308 108.200 0.315
202409 0.409 108.900 0.416
202412 0.374 110.700 0.374

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


Trend Micro  (STU:TMI) 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.

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

Shiller PE Ratio=Share Price/E10
=61.45/1.31
=46.91

* 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 Trend Micro was 54.50. The lowest was 21.27. And the median was 34.06.


Be Aware

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


Trend Micro E10 Related Terms

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


Trend Micro Business Description

Traded in Other Exchanges
Address
Shibuya-ku, 2-1-1 Shinjuku Maynds Tower, Yoyogi, Tokyo, JPN, 151-0053
Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. Sales have averaged 75% annual growth over the past decade. Customers include British Airways, Merrill Lynch, Microsoft, Pacific Bell, and governmental agencies in the United States and Japan.

Trend Micro Headlines

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