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Patentus (WAR:PAT) E10 : zł0.25 (As of Dec. 2023)


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What is Patentus 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.

Patentus's adjusted earnings per share data for the three months ended in Dec. 2023 was zł1.319. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.25 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Patentus's average E10 Growth Rate was 316.70% per year. During the past 3 years, the average E10 Growth Rate was 35.70% per year. During the past 5 years, the average E10 Growth Rate was 6.30% 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 Patentus was 35.70% per year. The lowest was -20.60% per year. And the median was -11.20% per year.

As of today (2024-05-22), Patentus's current stock price is zł4.84. Patentus's E10 for the quarter that ended in Dec. 2023 was zł0.25. Patentus's Shiller PE Ratio of today is 19.36.

During the past 13 years, the highest Shiller PE Ratio of Patentus was 44.91. The lowest was 8.00. And the median was 14.11.


Patentus E10 Historical Data

The historical data trend for Patentus'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.

Patentus E10 Chart

Patentus 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 0.12 0.10 0.07 0.06 0.25

Patentus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.06 0.07 0.11 0.11 0.25

Competitive Comparison of Patentus's E10

For the Farm & Heavy Construction Machinery subindustry, Patentus'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.


Patentus's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Patentus's Shiller PE Ratio distribution charts can be found below:

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



Patentus 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, Patentus'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)
=1.319/147.7411*147.7411
=1.319

Current CPI (Dec. 2023) = 147.7411.

Patentus Quarterly Data

per share eps CPI Adj_EPS
201403 0.001 101.262 0.001
201406 0.100 101.180 0.146
201409 -0.010 100.611 -0.015
201412 -0.010 100.122 -0.015
201503 0.020 100.041 0.030
201506 -0.020 100.448 -0.029
201509 0.010 99.634 0.015
201512 -0.050 99.471 -0.074
201603 -0.060 98.983 -0.090
201606 -0.220 99.552 -0.326
201609 -0.050 99.064 -0.075
201612 -0.220 100.366 -0.324
201703 0.060 101.018 0.088
201706 0.020 101.180 0.029
201709 -0.010 101.343 -0.015
201712 -0.010 102.564 -0.014
201803 0.080 102.564 0.115
201806 0.040 103.378 0.057
201809 0.040 103.378 0.057
201812 0.130 103.785 0.185
201903 0.020 104.274 0.028
201906 0.090 105.983 0.125
201909 0.300 105.983 0.418
201912 0.080 107.123 0.110
202003 0.080 109.076 0.108
202006 -0.010 109.402 -0.014
202009 0.020 109.320 0.027
202012 -0.087 109.565 -0.117
202103 -0.100 112.658 -0.131
202106 -0.020 113.960 -0.026
202109 0.002 115.588 0.003
202112 -0.110 119.088 -0.136
202203 -0.040 125.031 -0.047
202206 0.110 131.705 0.123
202209 0.100 135.531 0.109
202212 0.008 139.113 0.008
202303 0.210 145.950 0.213
202306 0.400 147.009 0.402
202309 0.190 146.113 0.192
202312 1.319 147.741 1.319

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


Patentus  (WAR:PAT) 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.

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

Shiller PE Ratio=Share Price/E10
=4.84/0.25
=19.36

* 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 Patentus was 44.91. The lowest was 8.00. And the median was 14.11.


Be Aware

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


Patentus E10 Related Terms

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


Patentus (WAR:PAT) Business Description

Traded in Other Exchanges
N/A
Address
ul. Gornoslaska 11, Pszczyna, POL, 43-200
Patentus SA is engaged in manufacturing of mining equipment. The company produces conveyors, coal crushers, haulage platforms, working drift platforms, draught lyre cooler, welded steel constructions, and welding equipment. It also manufactures gear transmissions for use in mining machines as well as in power engineering, railways, heating, and other industries.

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