Megaron (WAR:MEG) E10

: zł1.79 (As of Dec. 2022)

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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.

Megaron's adjusted earnings per share data for the three months ended in Dec. 2022 was zł-0.510. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł1.79 for the trailing ten years ended in Dec. 2022.

As of today (2023-05-29), Megaron's current stock price is zł10.20. Megaron's E10 for the quarter that ended in Dec. 2022 was zł1.79. Megaron's Shiller PE Ratio of today is 5.70.

During the past 13 years, the highest Shiller PE Ratio of Megaron was 7.71. The lowest was 4.75. And the median was 6.14.

Megaron E10 Historical Data

The historical data trend for Megaron'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.

Megaron Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

E10

1.97

1.79

Megaron Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22
E10																2.13	1.97	-	1.88	1.79

Competitive Comparison

For the Building Materials subindustry, Megaron's E10, along with its competitors' market caps and E10 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.

Annual Data Quarterly Data

Megaron E10 Distribution

For the Building Materials industry and Basic Materials sector, Megaron's E10 distribution charts can be found below:

* The bar in red indicates where Megaron's E10 falls in comparison to its industry or sector. The grey bar indicates the E10's extreme value range as defined by GuruFocus.

Megaron 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, Megaron's adjusted earnings per share data for the three months ended in Dec. 2022 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Dec. 2022 (Change)	*	Current CPI (Dec. 2022)
	=	-0.51	/	139.1127	*	139.1127
	=	-0.510

Current CPI (Dec. 2022) = 139.1127.

Megaron Quarterly Data

	per share eps	CPI	Adj_EPS
201206	0.574	100.448	0.795
201209	2.070	99.715	2.888
201212	-0.240	100.285	-0.333
201303	1.680	100.529	2.325
201306	-0.120	100.855	-0.166
201309	0.650	100.936	0.896
201312	-0.090	101.018	-0.124
201403	0.557	101.262	0.765
201406	0.376	101.180	0.517
201409	0.653	100.611	0.903
201412	-0.106	100.122	-0.147
201503	0.725	100.041	1.008
201506	0.371	100.448	0.514
201509	0.538	99.634	0.751
201512	0.026	99.471	0.036
201603	0.550	98.983	0.773
201606	0.314	99.552	0.439
201609	0.377	99.064	0.529
201612	0.179	100.366	0.248
201703	0.486	101.018	0.669
201706	-0.264	101.180	-0.363
201709	-0.682	101.343	-0.936
201712	0.220	102.564	0.298
201803	0.710	102.564	0.963
201806	0.150	103.378	0.202
201809	0.337	103.378	0.453
201812	-0.210	103.785	-0.281
201903	0.710	104.274	0.947
201906	-0.180	105.983	-0.236
201909	0.460	105.983	0.604
201912	0.050	107.123	0.065
202006	0.000	109.402	0.000
202009	1.140	109.320	1.451
202012	-0.090	109.565	-0.114
202106	0.000	113.960	0.000
202109	0.820	115.588	0.987
202112	-0.150	119.088	-0.175
202206	0.000	131.705	0.000
202209	-0.120	135.531	-0.123
202212	-0.510	139.113	-0.510

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

Megaron (WAR:MEG) 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.

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

Shiller PE Ratio	=	Share Price	/	E10
	=	10.20	/	1.79
	=	5.70

During the past 13 years, the highest Shiller P/E Ratio of Megaron was 7.71. The lowest was 4.75. And the median was 6.14.

Be Aware

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

Megaron E10 Related Terms

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

Megaron (WAR:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Megaron SA (WAR:MEG) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ul Pyrzycka 3 e f, Szczecin, POL, 70-892

Website

http://www.megaron.com.pl

Megaron SA is a Poland based company engaged in the production and distribution of building materials. It offers plaster coats, gypsum putty, and assembly adhesives. The company sells its products through distributors and sales representatives.