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Terna SpA (STU:UEI) E10 : €0.00 (As of Dec. 2023)


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What is Terna SpA 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.

Terna SpA's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.121. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Terna SpA's average E10 Growth Rate was 10.80% per year. During the past 3 years, the average E10 Growth Rate was 8.90% per year. During the past 5 years, the average E10 Growth Rate was 2.70% 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 Terna SpA was 8.90% per year. The lowest was -4.00% per year. And the median was 3.10% per year.

As of today (2024-05-13), Terna SpA's current stock price is €7.68. Terna SpA's E10 for the quarter that ended in Dec. 2023 was €0.00. Terna SpA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Terna SpA was 22.92. The lowest was 12.69. And the median was 18.54.


Terna SpA E10 Historical Data

The historical data trend for Terna SpA'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.

Terna SpA E10 Chart

Terna SpA 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 0.30 0.30 0.33 0.40 -

Terna SpA 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 0.39 0.39 0.39 - -

Competitive Comparison of Terna SpA's E10

For the Utilities - Regulated Electric subindustry, Terna SpA'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.


Terna SpA's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's Shiller PE Ratio distribution charts can be found below:

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



Terna SpA 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, Terna SpA's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.121/119.5000*119.5000
=0.121

Current CPI (Dec. 2023) = 119.5000.

Terna SpA Quarterly Data

per share eps CPI Adj_EPS
201403 0.072 99.907 0.086
201406 0.064 100.093 0.076
201409 0.072 99.814 0.086
201412 0.063 99.721 0.075
201503 0.082 99.814 0.098
201506 0.072 100.279 0.086
201509 0.072 100.000 0.086
201512 0.070 99.814 0.084
201603 0.081 99.600 0.097
201606 0.081 99.900 0.097
201609 0.081 100.100 0.097
201612 0.073 100.300 0.087
201703 0.089 101.000 0.105
201706 0.086 101.100 0.102
201709 0.088 101.200 0.104
201712 0.079 101.200 0.093
201803 0.091 101.800 0.107
201806 0.088 102.400 0.103
201809 0.090 102.600 0.105
201812 0.082 102.300 0.096
201903 0.093 102.800 0.108
201906 0.090 103.100 0.104
201909 0.092 102.900 0.107
201912 0.102 102.800 0.119
202003 0.093 102.900 0.108
202006 0.115 102.900 0.134
202009 0.095 102.300 0.111
202012 0.108 102.600 0.126
202103 0.095 103.700 0.109
202106 0.097 104.200 0.111
202109 0.098 104.900 0.112
202112 0.104 106.600 0.117
202203 0.096 110.400 0.104
202206 0.103 112.500 0.109
202209 0.094 114.200 0.098
202212 0.135 119.000 0.136
202303 0.100 118.800 0.101
202306 0.105 119.700 0.105
202309 0.115 120.300 0.114
202312 0.121 119.500 0.121

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


Terna SpA  (STU:UEI) 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 Terna SpA was 22.92. The lowest was 12.69. And the median was 18.54.


Be Aware

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


Terna SpA E10 Related Terms

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


Terna SpA (STU:UEI) Business Description

Address
Viale Egidio Galbani, 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA (STU:UEI) Headlines

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