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Graham Holdings Co (Graham Holdings Co) E10 : $67.41 (As of Mar. 2024)


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What is Graham Holdings Co 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.

Graham Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2024 was $27.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $67.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Graham Holdings Co's average E10 Growth Rate was 1.10% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 9.40% per year. During the past 10 years, the average E10 Growth Rate was 8.40% 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 Graham Holdings Co was 15.10% per year. The lowest was -5.50% per year. And the median was 6.30% per year.

As of today (2024-05-14), Graham Holdings Co's current stock price is $770.39. Graham Holdings Co's E10 for the quarter that ended in Mar. 2024 was $67.41. Graham Holdings Co's Shiller PE Ratio of today is 11.43.

During the past 13 years, the highest Shiller PE Ratio of Graham Holdings Co was 17.03. The lowest was 6.43. And the median was 13.25.


Graham Holdings Co E10 Historical Data

The historical data trend for Graham Holdings Co'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.

Graham Holdings Co E10 Chart

Graham Holdings Co 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 49.35 52.30 61.40 64.59 66.95

Graham Holdings Co 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 66.70 69.22 68.80 66.95 67.41

Competitive Comparison of Graham Holdings Co's E10

For the Education & Training Services subindustry, Graham Holdings Co'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.


Graham Holdings Co's Shiller PE Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Graham Holdings Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Graham Holdings Co's Shiller PE Ratio falls into.



Graham Holdings Co 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, Graham Holdings Co'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)
=27.72/129.4194*129.4194
=27.720

Current CPI (Mar. 2024) = 129.4194.

Graham Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201406 100.480 100.560 129.317
201409 13.120 100.428 16.907
201412 57.410 99.070 74.997
201503 3.480 99.621 4.521
201506 9.870 100.684 12.687
201509 -40.250 100.392 -51.888
201512 8.720 99.792 11.309
201603 6.590 100.470 8.489
201606 10.760 101.688 13.694
201609 5.870 101.861 7.458
201612 6.570 101.863 8.347
201703 3.750 102.862 4.718
201706 7.460 103.349 9.342
201709 4.420 104.136 5.493
201712 38.520 104.011 47.930
201803 7.780 105.290 9.563
201806 8.630 106.317 10.505
201809 23.280 106.507 28.288
201812 10.610 105.998 12.954
201903 15.260 107.251 18.414
201906 10.650 108.070 12.754
201909 8.050 108.329 9.617
201912 27.250 108.420 32.528
202003 -6.320 108.902 -7.511
202006 3.600 108.767 4.284
202009 15.220 109.815 17.937
202012 47.340 109.897 55.750
202103 22.440 111.754 25.987
202106 22.990 114.631 25.956
202109 7.900 115.734 8.834
202112 17.100 117.630 18.814
202203 19.450 121.301 20.752
202206 -13.950 125.017 -14.441
202209 6.760 125.227 6.986
202212 1.280 125.222 1.323
202303 10.880 127.348 11.057
202306 25.890 128.729 26.029
202309 -5.020 129.860 -5.003
202312 11.680 129.419 11.680
202403 27.720 129.419 27.720

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


Graham Holdings Co  (NYSE:GHC) 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.

Graham Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=770.39/67.41
=11.43

* 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 Graham Holdings Co was 17.03. The lowest was 6.43. And the median was 13.25.


Be Aware

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


Graham Holdings Co E10 Related Terms

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


Graham Holdings Co (Graham Holdings Co) Business Description

Traded in Other Exchanges
Address
1300 North 17th Street, 17th Floor, Arlington, VA, USA, 22209
Graham Holdings Co. is a diversified education and media company made up of subsidiaries. Firm operations include educational services; television broadcasting; online, print, and local news; home health and hospice care; and manufacturing. The Company segments into the following seven reportable segments: Kaplan International, Higher Education, Supplemental Education, Television Broadcasting, Manufacturing, Healthcare, and Automotive. The majority of revenue comes from the Kaplan International segment, which includes higher education, test preparation, language instruction, and professional training. A large portion of company revenue also comes from the television broadcasting segment through advertising.
Executives
Thomas Sinnickson Gayner director C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Tony Allen director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Timothy J O'shaughnessy director, officer: President and CEO C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Marcel A. Snyman officer: VP & Chief Accounting Officer C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Danielle Y. Conley director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Christopher C Davis director C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Sandra M. Stonesifer officer: VP, Chief HR Officer C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Jack A. Markell director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209
Andrew Stephen Rosen officer: Executive Vice President C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209
Lee C Bollinger director 535 WEST 116TH STREET, LOW LIBRARY, ROOM 202, NEW YORK NY 10027
Katharine Weymouth director 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Anne M Mulcahy director C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209
Jacob Maas, officer: Sr. VP-Planning and Dev. C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Denise M Demeter officer: VP and Chief HR Officer 1300 17TH STREET NORTH, SUITE 1700, ROSSLYN VA 22209
Donald Graham director, 10 percent owner, officer: CEO and COB C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209