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Titan International (STU:TZ4) E10 : €-0.18 (As of Dec. 2024)


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What is Titan International 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.

Titan International's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.019. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.18 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was 25.50% per year. During the past 5 years, the average E10 Growth Rate was 5.60% 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 Titan International was 25.50% per year. The lowest was -139.10% per year. And the median was -16.60% per year.

As of today (2025-03-16), Titan International's current stock price is €7.45. Titan International's E10 for the quarter that ended in Dec. 2024 was €-0.18. Titan International's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Titan International was 771.00. The lowest was 55.94. And the median was 107.80.


Titan International E10 Historical Data

The historical data trend for Titan International'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.

Titan International E10 Chart

Titan International 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 -0.30 -0.40 -0.42 -0.38 -0.18

Titan International 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 -0.38 -0.38 -0.31 -0.29 -0.18

Competitive Comparison of Titan International's E10

For the Farm & Heavy Construction Machinery subindustry, Titan International'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.


Titan International's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Shiller PE Ratio distribution charts can be found below:

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



Titan International 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, Titan International'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)
=0.019/133.1571*133.1571
=0.019

Current CPI (Dec. 2024) = 133.1571.

Titan International Quarterly Data

per share eps CPI Adj_EPS
201503 -0.046 99.621 -0.061
201506 0.151 100.684 0.200
201509 -0.704 100.392 -0.934
201512 -0.982 99.792 -1.310
201603 -0.296 100.470 -0.392
201606 -0.089 101.688 -0.117
201609 -0.151 101.861 -0.197
201612 -0.246 101.863 -0.322
201703 -0.168 102.862 -0.217
201706 -0.151 103.349 -0.195
201709 -0.185 104.136 -0.237
201712 -0.465 104.011 -0.595
201803 0.211 105.290 0.267
201806 0.051 106.317 0.064
201809 -0.026 106.507 -0.033
201812 -0.193 105.998 -0.242
201903 0.018 107.251 0.022
201906 -0.106 108.070 -0.131
201909 -0.300 108.329 -0.369
201912 -0.369 108.420 -0.453
202003 -0.380 108.902 -0.465
202006 -0.071 108.767 -0.087
202009 -0.178 109.815 -0.216
202012 -0.230 109.897 -0.279
202103 0.185 111.754 0.220
202106 -0.033 114.631 -0.038
202109 0.153 115.734 0.176
202112 0.389 117.630 0.440
202203 0.336 121.301 0.369
202206 1.003 125.017 1.068
202209 0.687 125.227 0.731
202212 0.623 125.222 0.662
202303 0.467 127.348 0.488
202306 0.443 128.729 0.458
202309 0.290 129.860 0.297
202312 -0.037 129.419 -0.038
202403 0.129 131.776 0.130
202406 0.028 132.554 0.028
202409 -0.225 133.029 -0.225
202412 0.019 133.157 0.019

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


Titan International  (STU:TZ4) 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.

During the past 13 years, the highest Shiller P/E Ratio of Titan International was 771.00. The lowest was 55.94. And the median was 107.80.


Be Aware

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


Titan International E10 Related Terms

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


Titan International Business Description

Traded in Other Exchanges
Address
1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives majority of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Titan International Headlines

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