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Warsaw Stock Exchange (WAR:GPW) E10 : zł5.33 (As of Sep. 2024)


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What is Warsaw Stock Exchange 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.

Warsaw Stock Exchange's adjusted earnings per share data for the three months ended in Sep. 2024 was zł1.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł5.33 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Warsaw Stock Exchange's average E10 Growth Rate was 4.10% per year. During the past 3 years, the average E10 Growth Rate was 11.30% 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 Warsaw Stock Exchange was 11.70% per year. The lowest was 11.30% per year. And the median was 11.50% per year.

As of today (2025-03-20), Warsaw Stock Exchange's current stock price is zł45.75. Warsaw Stock Exchange's E10 for the quarter that ended in Sep. 2024 was zł5.33. Warsaw Stock Exchange's Shiller PE Ratio of today is 8.58.

During the past 13 years, the highest Shiller PE Ratio of Warsaw Stock Exchange was 13.30. The lowest was 6.69. And the median was 9.30.


Warsaw Stock Exchange E10 Historical Data

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange E10 Chart

Warsaw Stock Exchange 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 3.52 3.76 4.14 4.90 5.18

Warsaw Stock Exchange Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.12 5.18 5.16 5.25 5.33

Competitive Comparison of Warsaw Stock Exchange's E10

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Warsaw Stock Exchange's Shiller PE Ratio falls into.



Warsaw Stock Exchange 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, Warsaw Stock Exchange's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1/153.4391*153.4391
=1.000

Current CPI (Sep. 2024) = 153.4391.

Warsaw Stock Exchange Quarterly Data

per share eps CPI Adj_EPS
201412 0.887 100.122 1.359
201503 0.910 100.041 1.396
201506 0.640 100.448 0.978
201509 0.720 99.634 1.109
201512 0.959 99.471 1.479
201603 0.610 98.983 0.946
201606 0.790 99.552 1.218
201609 0.940 99.064 1.456
201612 1.212 100.366 1.853
201703 0.630 101.018 0.957
201706 1.030 101.180 1.562
201709 1.120 101.343 1.696
201712 1.549 102.564 2.317
201803 0.710 102.564 1.062
201806 1.880 103.378 2.790
201809 0.900 103.378 1.336
201812 1.366 103.785 2.020
201903 0.580 104.274 0.853
201906 1.010 105.983 1.462
201909 0.980 105.983 1.419
201912 0.412 107.123 0.590
202003 0.700 109.076 0.985
202006 1.040 109.402 1.459
202009 0.760 109.320 1.067
202012 1.749 109.565 2.449
202103 0.930 112.658 1.267
202106 1.080 113.960 1.454
202109 0.860 115.588 1.142
202112 1.521 119.088 1.960
202203 0.910 125.031 1.117
202206 0.910 131.705 1.060
202209 0.740 135.531 0.838
202212 1.386 139.113 1.529
202303 0.630 145.950 0.662
202306 1.070 147.009 1.117
202309 0.950 146.113 0.998
202312 1.645 147.741 1.708
202403 0.650 149.044 0.669
202406 0.950 150.997 0.965
202409 1.000 153.439 1.000

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


Warsaw Stock Exchange  (WAR:GPW) 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.

Warsaw Stock Exchange's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=45.75/5.33
=8.58

* 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 Warsaw Stock Exchange was 13.30. The lowest was 6.69. And the median was 9.30.


Be Aware

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


Warsaw Stock Exchange E10 Related Terms

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


Warsaw Stock Exchange Business Description

Traded in Other Exchanges
Address
ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange Headlines

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