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DSV AS (WBO:DSV) E10 : €4.26 (As of Mar. 2024)


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What is DSV AS 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.

DSV AS's adjusted earnings per share data for the three months ended in Mar. 2024 was €1.515. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DSV AS's average E10 Growth Rate was 15.70% per year. During the past 3 years, the average E10 Growth Rate was 33.00% per year. During the past 5 years, the average E10 Growth Rate was 26.50% 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 DSV AS was 33.00% per year. The lowest was 20.30% per year. And the median was 29.70% per year.

As of today (2024-04-27), DSV AS's current stock price is €138.55. DSV AS's E10 for the quarter that ended in Mar. 2024 was €4.26. DSV AS's Shiller PE Ratio of today is 32.52.

During the past 13 years, the highest Shiller PE Ratio of DSV AS was 111.13. The lowest was 31.12. And the median was 56.40.


DSV AS E10 Historical Data

The historical data trend for DSV AS'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.

DSV AS E10 Chart

DSV AS 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 1.60 1.78 2.36 3.48 4.14

DSV AS 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 3.68 3.83 4.00 4.14 4.26

Competitive Comparison of DSV AS's E10

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Shiller PE Ratio distribution charts can be found below:

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



DSV AS 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, DSV AS'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)
=1.515/116.7000*116.7000
=1.515

Current CPI (Mar. 2024) = 116.7000.

DSV AS Quarterly Data

per share eps CPI Adj_EPS
201406 0.357 99.700 0.418
201409 0.376 99.700 0.440
201412 0.331 99.400 0.389
201503 0.334 100.200 0.389
201506 0.417 100.300 0.485
201509 0.456 100.200 0.531
201512 0.395 99.800 0.462
201603 0.168 100.200 0.196
201606 0.235 100.600 0.273
201609 0.395 100.200 0.460
201612 0.397 100.300 0.462
201703 0.484 101.200 0.558
201706 0.524 101.200 0.604
201709 0.578 101.800 0.663
201712 0.537 101.300 0.619
201803 0.550 101.700 0.631
201806 0.859 102.300 0.980
201809 0.804 102.400 0.916
201812 0.684 102.100 0.782
201903 0.707 102.900 0.802
201906 0.843 102.900 0.956
201909 0.737 102.900 0.836
201912 0.161 102.900 0.183
202003 0.187 103.300 0.211
202006 0.805 103.200 0.910
202009 0.780 103.500 0.879
202012 0.699 103.400 0.789
202103 1.371 104.300 1.534
202106 1.493 105.000 1.659
202109 1.802 105.800 1.988
202112 1.802 106.600 1.973
202203 2.474 109.900 2.627
202206 2.902 113.600 2.981
202209 2.580 116.400 2.587
202212 2.285 115.900 2.301
202303 2.002 117.300 1.992
202306 2.082 116.400 2.087
202309 1.743 117.400 1.733
202312 1.838 116.700 1.838
202403 1.515 116.700 1.515

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


DSV AS  (WBO:DSV) 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.

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

Shiller PE Ratio=Share Price/E10
=138.55/4.26
=32.52

* 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 DSV AS was 111.13. The lowest was 31.12. And the median was 56.40.


Be Aware

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


DSV AS E10 Related Terms

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


DSV AS (WBO:DSV) Business Description

Address
Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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