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Quercus TFI (WAR:QRS) E10 : zł0.54 (As of Sep. 2024)


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What is Quercus TFI 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.

Quercus TFI's adjusted earnings per share data for the three months ended in Sep. 2024 was zł0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł0.54 for the trailing ten years ended in Sep. 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 (2025-03-17), Quercus TFI's current stock price is zł9.34. Quercus TFI's E10 for the quarter that ended in Sep. 2024 was zł0.54. Quercus TFI's Shiller PE Ratio of today is 17.30.

During the past 13 years, the highest Shiller PE Ratio of Quercus TFI was 17.30. The lowest was 4.11. And the median was 8.17.


Quercus TFI E10 Historical Data

The historical data trend for Quercus TFI'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.

Quercus TFI E10 Chart

Quercus TFI 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 - - 0.43 0.51 0.54

Quercus TFI 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 0.54 0.54 0.53 0.53 0.54

Competitive Comparison of Quercus TFI's E10

For the Asset Management subindustry, Quercus TFI'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.


Quercus TFI's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Quercus TFI's Shiller PE Ratio distribution charts can be found below:

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



Quercus TFI 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, Quercus TFI'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)
=0.15/153.4391*153.4391
=0.150

Current CPI (Sep. 2024) = 153.4391.

Quercus TFI Quarterly Data

per share eps CPI Adj_EPS
201412 0.112 100.122 0.172
201503 0.082 100.041 0.126
201506 0.099 100.448 0.151
201509 0.097 99.634 0.149
201512 0.187 99.471 0.288
201603 0.090 98.983 0.140
201606 0.091 99.552 0.140
201609 0.098 99.064 0.152
201612 0.173 100.366 0.264
201703 0.120 101.018 0.182
201706 -0.114 101.180 -0.173
201709 0.128 101.343 0.194
201712 0.197 102.564 0.295
201803 0.110 102.564 0.165
201806 0.097 103.378 0.144
201809 -0.467 103.378 -0.693
201812 0.080 103.785 0.118
201903 0.039 104.274 0.057
201906 0.041 105.983 0.059
201909 0.049 105.983 0.071
201912 0.215 107.123 0.308
202003 0.048 109.076 0.068
202006 0.052 109.402 0.073
202009 0.049 109.320 0.069
202012 0.166 109.565 0.232
202103 0.410 112.658 0.558
202106 0.000 113.960 0.000
202109 0.070 115.588 0.093
202112 0.230 119.088 0.296
202203 0.310 125.031 0.380
202206 -0.040 131.705 -0.047
202209 0.050 135.531 0.057
202212 0.070 139.113 0.077
202303 0.310 145.950 0.326
202306 -0.040 147.009 -0.042
202309 0.090 146.113 0.095
202312 0.350 147.741 0.363
202403 0.120 149.044 0.124
202406 0.110 150.997 0.112
202409 0.150 153.439 0.150

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


Quercus TFI  (WAR:QRS) 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.

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

Shiller PE Ratio=Share Price/E10
=9.34/0.54
=17.30

* 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 Quercus TFI was 17.30. The lowest was 4.11. And the median was 8.17.


Be Aware

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


Quercus TFI E10 Related Terms

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


Quercus TFI Business Description

Traded in Other Exchanges
N/A
Address
ul. Nowy Swiat 6/12, Warsaw, POL, 00400
Quercus TFI SA is an investment fund company in Poland whose offer is mainly targeted at high net-worth Investors. The products of the company include Quercus Short-Term Debt, Quercus Capital Protection, Quercus Treasury Bonds, Quercus Stable, Quercus Aggressive and Quercus Gold among others.

Quercus TFI Headlines

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