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Gildan Activewear (TSX:GIL) E10 : C$2.41 (As of Mar. 2024)


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What is Gildan Activewear 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.

Gildan Activewear's adjusted earnings per share data for the three months ended in Mar. 2024 was C$0.636. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$2.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gildan Activewear's average E10 Growth Rate was 12.60% per year. During the past 3 years, the average E10 Growth Rate was 21.90% per year. During the past 5 years, the average E10 Growth Rate was 11.00% per year. During the past 10 years, the average E10 Growth Rate was 11.70% 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 Gildan Activewear was 21.90% per year. The lowest was 1.80% per year. And the median was 15.30% per year.

As of today (2024-05-05), Gildan Activewear's current stock price is C$45.30. Gildan Activewear's E10 for the quarter that ended in Mar. 2024 was C$2.41. Gildan Activewear's Shiller PE Ratio of today is 18.80.

During the past 13 years, the highest Shiller PE Ratio of Gildan Activewear was 49.91. The lowest was 9.37. And the median was 31.44.


Gildan Activewear E10 Historical Data

The historical data trend for Gildan Activewear'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.

Gildan Activewear E10 Chart

Gildan Activewear Annual Data
Trend Sep14 Sep15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 1.32 1.70 2.08 2.39

Gildan Activewear 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 2.14 2.22 2.29 2.39 2.41

Competitive Comparison of Gildan Activewear's E10

For the Apparel Manufacturing subindustry, Gildan Activewear'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.


Gildan Activewear's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Shiller PE Ratio distribution charts can be found below:

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



Gildan Activewear 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, Gildan Activewear's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.636/125.4675*125.4675
=0.636

Current CPI (Mar. 2024) = 125.4675.

Gildan Activewear Quarterly Data

per share eps CPI Adj_EPS
201406 0.509 99.473 0.642
201409 0.551 99.394 0.696
201412 -0.196 98.367 -0.250
201503 0.290 99.789 0.365
201506 0.507 100.500 0.633
201509 0.663 100.421 0.828
201512 0.384 99.947 0.482
201603 0.344 101.054 0.427
201606 0.516 102.002 0.635
201609 0.642 101.765 0.792
201612 0.427 101.449 0.528
201703 0.482 102.634 0.589
201706 0.638 103.029 0.777
201709 0.639 103.345 0.776
201712 0.319 103.345 0.387
201803 0.401 105.004 0.479
201806 0.669 105.557 0.795
201809 0.717 105.636 0.852
201812 0.390 105.399 0.464
201903 0.147 106.979 0.172
201906 0.651 107.690 0.758
201909 0.675 107.611 0.787
201912 0.211 107.769 0.246
202003 -0.698 107.927 -0.811
202006 -1.708 108.401 -1.977
202009 0.370 108.164 0.429
202012 0.436 108.559 0.504
202103 0.628 110.298 0.714
202106 0.904 111.720 1.015
202109 1.204 112.905 1.338
202112 1.139 113.774 1.256
202203 0.975 117.646 1.040
202206 1.088 120.806 1.130
202209 1.120 120.648 1.165
202212 0.638 120.964 0.662
202303 0.739 122.702 0.756
202306 1.156 124.203 1.168
202309 0.988 125.230 0.990
202312 1.194 125.468 1.194
202403 0.636 125.468 0.636

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


Gildan Activewear  (TSX:GIL) 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.

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

Shiller PE Ratio=Share Price/E10
=45.30/2.41
=18.80

* 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 Gildan Activewear was 49.91. The lowest was 9.37. And the median was 31.44.


Be Aware

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


Gildan Activewear E10 Related Terms

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


Gildan Activewear (TSX:GIL) Business Description

Traded in Other Exchanges
Address
600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.