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Henry Schein (WBO:HSIC) E10 : €3.71 (As of Mar. 2024)


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What is Henry Schein 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.

Henry Schein's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.662. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Henry Schein's average E10 Growth Rate was 0.80% per year. During the past 3 years, the average E10 Growth Rate was 8.80% per year. During the past 5 years, the average E10 Growth Rate was 8.80% per year. During the past 10 years, the average E10 Growth Rate was 9.80% 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 Henry Schein was 23.80% per year. The lowest was 8.80% per year. And the median was 13.10% per year.

As of today (2024-05-14), Henry Schein's current stock price is €67.84. Henry Schein's E10 for the quarter that ended in Mar. 2024 was €3.71. Henry Schein's Shiller PE Ratio of today is 18.29.

During the past 13 years, the highest Shiller PE Ratio of Henry Schein was 33.77. The lowest was 15.15. And the median was 23.99.


Henry Schein E10 Historical Data

The historical data trend for Henry Schein'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.

Henry Schein E10 Chart

Henry Schein 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 2.65 2.48 3.13 3.62 3.62

Henry Schein 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 3.60 3.67 3.85 3.62 3.71

Competitive Comparison of Henry Schein's E10

For the Medical Distribution subindustry, Henry Schein'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.


Henry Schein's Shiller PE Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Henry Schein's Shiller PE Ratio distribution charts can be found below:

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



Henry Schein 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, Henry Schein'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)
=0.662/129.4194*129.4194
=0.662

Current CPI (Mar. 2024) = 129.4194.

Henry Schein Quarterly Data

per share eps CPI Adj_EPS
201406 0.497 100.560 0.640
201409 0.520 100.428 0.670
201412 0.633 99.070 0.827
201503 0.564 99.621 0.733
201506 0.624 100.684 0.802
201509 0.677 100.392 0.873
201512 0.716 99.792 0.929
201603 0.615 100.470 0.792
201606 0.650 101.688 0.827
201609 0.731 101.861 0.929
201612 0.820 101.863 1.042
201703 0.823 102.862 1.035
201706 0.765 103.349 0.958
201709 0.730 104.136 0.907
201712 -0.051 104.011 -0.063
201803 0.738 105.290 0.907
201806 0.788 106.317 0.959
201809 0.677 106.507 0.823
201812 0.765 105.998 0.934
201903 0.646 107.251 0.780
201906 0.681 108.070 0.816
201909 0.863 108.329 1.031
201912 2.016 108.420 2.406
202003 0.824 108.902 0.979
202006 -0.071 108.767 -0.084
202009 0.841 109.815 0.991
202012 0.822 109.897 0.968
202103 0.974 111.754 1.128
202106 0.913 114.631 1.031
202109 0.978 115.734 1.094
202112 0.929 117.630 1.022
202203 1.180 121.301 1.259
202206 1.097 125.017 1.136
202209 1.101 125.227 1.138
202212 0.340 125.222 0.351
202303 0.850 127.348 0.864
202306 0.978 128.729 0.983
202309 0.984 129.860 0.981
202312 0.128 129.419 0.128
202403 0.662 129.419 0.662

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


Henry Schein  (WBO:HSIC) 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.

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

Shiller PE Ratio=Share Price/E10
=67.84/3.71
=18.29

* 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 Henry Schein was 33.77. The lowest was 15.15. And the median was 23.99.


Be Aware

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


Henry Schein E10 Related Terms

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


Henry Schein (WBO:HSIC) Business Description

Traded in Other Exchanges
Address
135 Duryea Road, Melville, NY, USA, 11747
Henry Schein Inc is a solutions company for healthcare professionals powered by a network of people and technology. The company is a provider of healthcare products and services primarily to office-based dental and medical practitioners, as well as alternate sites of care. The company operates in two reportable segments; health care distribution and technology & value-added services. The healthcare distribution segment is engaged in combining global dental and medical businesses and distributes consumable products, small equipment, laboratory products, and Vitamins. The technology and value-added services reportable segment provides software, technology & other value-added services to health care practitioners. The majority of revenue is derived from the health care distribution segment.