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Talanx AG (WBO:TLX) E10 : €4.35 (As of Sep. 2024)


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What is Talanx AG 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.

Talanx AG's adjusted earnings per share data for the three months ended in Sep. 2024 was €1.944. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.35 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Talanx AG's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 8.30% 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 Talanx AG was 8.30% per year. The lowest was 8.30% per year. And the median was 8.30% per year.

As of today (2025-03-16), Talanx AG's current stock price is €95.10. Talanx AG's E10 for the quarter that ended in Sep. 2024 was €4.35. Talanx AG's Shiller PE Ratio of today is 21.86.

During the past 13 years, the highest Shiller PE Ratio of Talanx AG was 21.77. The lowest was 8.32. And the median was 12.03.


Talanx AG E10 Historical Data

The historical data trend for Talanx AG'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.

Talanx AG E10 Chart

Talanx AG 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 - 3.11 3.34 3.55 3.91

Talanx AG 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 3.93 3.91 4.09 4.24 4.35

Competitive Comparison of Talanx AG's E10

For the Insurance - Diversified subindustry, Talanx AG'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.


Talanx AG's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Talanx AG's Shiller PE Ratio distribution charts can be found below:

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



Talanx AG 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, Talanx AG'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)
=1.944/126.1978*126.1978
=1.944

Current CPI (Sep. 2024) = 126.1978.

Talanx AG Quarterly Data

per share eps CPI Adj_EPS
201412 0.940 99.543 1.192
201503 0.990 99.717 1.253
201506 0.240 100.417 0.302
201509 0.700 100.417 0.880
201512 0.970 99.717 1.228
201603 0.880 100.017 1.110
201606 0.710 100.717 0.890
201609 0.920 101.017 1.149
201612 1.060 101.217 1.322
201703 0.940 101.417 1.170
201706 0.890 102.117 1.100
201709 -0.080 102.717 -0.098
201712 0.900 102.617 1.107
201803 0.860 102.917 1.055
201806 0.870 104.017 1.056
201809 0.200 104.718 0.241
201812 0.850 104.217 1.029
201903 0.930 104.217 1.126
201906 0.960 105.718 1.146
201909 1.050 106.018 1.250
201912 0.720 105.818 0.859
202003 0.880 105.718 1.050
202006 0.410 106.618 0.485
202009 0.770 105.818 0.918
202012 0.500 105.518 0.598
202103 1.100 107.518 1.291
202106 1.060 108.486 1.233
202109 0.700 109.435 0.807
202112 1.140 110.384 1.303
202203 1.270 113.968 1.406
202206 1.440 115.760 1.570
202209 0.950 118.818 1.009
202212 -0.870 119.345 -0.920
202303 1.670 122.402 1.722
202306 1.590 123.140 1.629
202309 1.780 124.195 1.809
202312 1.160 123.773 1.183
202403 2.220 125.038 2.241
202406 2.000 125.882 2.005
202409 1.944 126.198 1.944

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


Talanx AG  (WBO:TLX) 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.

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

Shiller PE Ratio=Share Price/E10
=95.10/4.35
=21.86

* 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 Talanx AG was 21.77. The lowest was 8.32. And the median was 12.03.


Be Aware

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


Talanx AG E10 Related Terms

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


Talanx AG Business Description

Traded in Other Exchanges
Address
HDI-Platz 1, Hannover, NI, DEU, 30659
Talanx is the third-largest insurer in Germany. It sells insurance to businesses, individuals, and also reinsures other insurers. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry as a result of a growing dissatisfaction with providers of insurance. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual. HDI started providing reinsurance services in the mid-1920s, and individual insurance in the 1950s. HDI owns three quarters of the Talanx share capital.