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Synaptics (Synaptics) E10

: $1.58 (As of Dec. 2023)
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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.

Synaptics's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.58 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Synaptics's average E10 Growth Rate was -28.50% per year. During the past 3 years, the average E10 Growth Rate was 11.30% per year. During the past 5 years, the average E10 Growth Rate was 9.20% per year. During the past 10 years, the average E10 Growth Rate was 2.30% 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 Synaptics was 18.80% per year. The lowest was -11.30% per year. And the median was 10.30% per year.

As of today (2024-04-16), Synaptics's current stock price is $87.10. Synaptics's E10 for the quarter that ended in Dec. 2023 was $1.58. Synaptics's Shiller PE Ratio of today is 55.13.

During the past 13 years, the highest Shiller PE Ratio of Synaptics was 182.90. The lowest was 18.89. And the median was 45.43.


Synaptics E10 Historical Data

The historical data trend for Synaptics'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.

Synaptics Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.40 1.48 2.06 1.93

Synaptics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 Premium Member Only Premium Member Only Premium Member Only 2.21 2.14 1.93 1.67 1.58

Competitive Comparison

For the Semiconductors subindustry, Synaptics'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.


Synaptics Shiller PE Ratio Distribution

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

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



Synaptics 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, Synaptics'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)
=-0.23/129.4194*129.4194
=-0.230

Current CPI (Dec. 2023) = 129.4194.

Synaptics Quarterly Data

per share eps CPI Adj_EPS
201403 -1.120 99.695 -1.454
201406 0.890 100.560 1.145
201409 0.680 100.428 0.876
201412 0.550 99.070 0.718
201503 0.820 99.621 1.065
201506 0.850 100.684 1.093
201509 0.620 100.392 0.799
201512 0.930 99.792 1.206
201603 0.540 100.470 0.696
201606 -0.190 101.688 -0.242
201609 0.100 101.861 0.127
201612 0.640 101.863 0.813
201703 0.130 102.862 0.164
201706 0.510 103.349 0.639
201709 -0.790 104.136 -0.982
201712 -2.420 104.011 -3.011
201803 -0.400 105.290 -0.492
201806 -0.040 106.317 -0.049
201809 0.110 106.507 0.134
201812 0.360 105.998 0.440
201903 0.190 107.251 0.229
201906 -1.350 108.070 -1.617
201909 0.120 108.329 0.143
201912 0.580 108.420 0.692
202003 0.140 108.902 0.166
202006 2.550 108.767 3.034
202009 -0.080 109.815 -0.094
202012 1.360 109.897 1.602
202103 0.350 111.754 0.405
202106 0.480 114.631 0.542
202109 0.990 115.734 1.107
202112 1.710 117.630 1.881
202203 1.590 121.301 1.696
202206 2.040 125.017 2.112
202209 1.590 125.227 1.643
202212 0.550 125.222 0.568
202303 0.260 127.348 0.264
202306 -0.590 128.729 -0.593
202309 -1.430 129.860 -1.425
202312 -0.230 129.419 -0.230

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


Synaptics  (NAS:SYNA) 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.

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

Shiller PE Ratio=Share Price/E10
=87.10/1.58
=55.13

* 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 Synaptics was 182.90. The lowest was 18.89. And the median was 45.43.


Be Aware

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


Synaptics E10 Related Terms

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


Synaptics (Synaptics) Business Description

Traded in Other Exchanges
Address
1109 McKay Drive, San Jose, CA, USA, 95131
Synaptics Inc is a global producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices. Geographically, it derives a majority of revenue from China. The company operates in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products.
Executives
Vikram Gupta officer: See Remarks 1109 MCKAY DRIVE, SAN JOSE CA 95131
John Mcfarland officer: SVP and General Counsel 1251 MCKAY DR., SAN JOSE CA 95131
Dean Warren Butler officer: See Remarks C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Saleel Awsare officer: See Remarks C/O SIGMA DESIGN, INC., 47467 FREMONT BLVD., FREMONT CA 94538
Michael E. Hurlston director, officer: See remarks below 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Kiva A. Allgood director C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Vivie Lee director 126 SIERRA POINT ROAD, BRISBANE CA 94005
James L Whims director C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Kermit Nolan officer: See Remarks 1251 MCKAY DRIVE, SAN JOSE CA 95131
Jeffrey D Buchanan director C/O SMITH & WESSON, 2100 ROOSEVELT AVENUE, SPRINGFIELD MA 01104
Patricia Lorraine Kummrow director C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Craig Browning Stein officer: Please see remarks C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Nelson C Chan director C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Susan J Hardman director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Richard L Sanquini director 14087 LOMA RIO DR, SARATOGA CA 95070