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Mogo (TSX:MOGO) E10 : C$-2.43 (As of Mar. 2024)


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What is Mogo 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.

Mogo's adjusted earnings per share data for the three months ended in Mar. 2024 was C$-0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-2.43 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-23), Mogo's current stock price is C$2.00. Mogo's E10 for the quarter that ended in Mar. 2024 was C$-2.43. Mogo's Shiller PE Ratio of today is .


Mogo E10 Historical Data

The historical data trend for Mogo'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.

Mogo E10 Chart

Mogo 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 - - - - -

Mogo 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 - - - - -2.43

Competitive Comparison of Mogo's E10

For the Software - Infrastructure subindustry, Mogo'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.


Mogo's Shiller PE Ratio Distribution in the Software Industry

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

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



Mogo 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, Mogo'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)
=-0.15/126.2576*126.2576
=-0.150

Current CPI (Mar. 2024) = 126.2576.

Mogo Quarterly Data

per share eps CPI Adj_EPS
201406 -0.554 99.473 -0.703
201409 -0.649 99.394 -0.824
201412 -0.431 98.367 -0.553
201503 -0.704 99.789 -0.891
201506 -0.774 100.500 -0.972
201509 -1.125 100.421 -1.414
201512 -0.924 99.947 -1.167
201603 -0.933 101.054 -1.166
201606 -0.759 102.002 -0.939
201609 -0.588 101.765 -0.730
201612 -0.540 101.449 -0.672
201703 -0.750 102.634 -0.923
201706 -0.876 103.029 -1.074
201709 -0.609 103.345 -0.744
201712 -0.978 103.345 -1.195
201803 -0.522 105.004 -0.628
201806 -0.798 105.557 -0.954
201809 -0.921 105.636 -1.101
201812 -0.654 105.399 -0.783
201903 -0.642 106.979 -0.758
201906 0.801 107.690 0.939
201909 -0.663 107.611 -0.778
201912 -0.720 107.769 -0.844
202003 -1.080 107.927 -1.263
202006 -0.165 108.401 -0.192
202009 0.105 108.164 0.123
202012 -0.285 108.559 -0.331
202103 -0.180 110.298 -0.206
202106 0.390 111.720 0.441
202109 -0.420 112.905 -0.470
202112 -0.350 113.774 -0.388
202203 -0.750 117.646 -0.805
202206 -2.040 120.806 -2.132
202209 -0.790 120.648 -0.827
202212 1.390 120.964 1.451
202303 -0.270 122.702 -0.278
202306 -0.390 124.203 -0.396
202309 -0.380 125.230 -0.383
202312 0.340 125.072 0.343
202403 -0.150 126.258 -0.150

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


Mogo  (TSX:MOGO) 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.


Be Aware

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


Mogo E10 Related Terms

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


Mogo (TSX:MOGO) Business Description

Traded in Other Exchanges
Address
2100 - 401 West Georgia Street, Vancouver, BC, CAN, V6B 5A1
Mogo Inc is a Canadian-based financial technology company. It offers a finance application to consumers with solutions that help them to control their financial health. At Mogo, users can sign up for a free account and get access to products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Some of its products are personal loans, crypto, mortgage, credit score, and others. Mogo is one of the go-to financial applications for Canadians with more than one million members.
Executives
David Marshall Feller Director, Senior Officer