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Tencent Holdings (XBUL:NNND) E10 : лв1.67 (As of Mar. 2025)


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What is Tencent Holdings 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.

Tencent Holdings's adjusted earnings per share data for the three months ended in Mar. 2025 was лв1.182. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв1.67 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tencent Holdings's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 15.00% per year. During the past 5 years, the average E10 Growth Rate was 22.70% 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 Tencent Holdings was 30.60% per year. The lowest was 15.00% per year. And the median was 26.30% per year.

As of today (2025-06-27), Tencent Holdings's current stock price is лв55.05. Tencent Holdings's E10 for the quarter that ended in Mar. 2025 was лв1.67. Tencent Holdings's Shiller PE Ratio of today is 32.96.

During the past 13 years, the highest Shiller PE Ratio of Tencent Holdings was 101.14. The lowest was 17.84. And the median was 47.10.


Tencent Holdings E10 Historical Data

The historical data trend for Tencent Holdings'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.

Tencent Holdings E10 Chart

Tencent Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.74

Tencent Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - 1.66 1.52 1.74 1.67

Competitive Comparison of Tencent Holdings's E10

For the Internet Content & Information subindustry, Tencent Holdings'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.


Tencent Holdings's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Shiller PE Ratio distribution charts can be found below:

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


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Tencent Holdings 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, Tencent Holdings's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.182/115.1156*115.1156
=1.182

Current CPI (Mar. 2025) = 115.1156.

Tencent Holdings Quarterly Data

per share eps CPI Adj_EPS
201506 0.209 99.500 0.242
201509 0.208 100.500 0.238
201512 0.196 100.600 0.224
201603 0.249 102.200 0.280
201606 0.287 101.400 0.326
201609 0.281 102.400 0.316
201612 0.267 102.600 0.300
201703 0.369 103.200 0.412
201706 0.470 103.100 0.525
201709 0.480 104.100 0.531
201712 0.551 104.500 0.607
201803 0.644 105.300 0.704
201806 0.483 104.900 0.530
201809 0.595 106.600 0.643
201812 0.361 106.500 0.390
201903 0.708 107.700 0.757
201906 0.610 107.700 0.652
201909 0.499 109.800 0.523
201912 0.514 111.200 0.532
202003 0.714 112.300 0.732
202006 0.811 110.400 0.846
202009 0.972 111.700 1.002
202012 1.563 111.500 1.614
202103 1.261 112.662 1.288
202106 1.140 111.769 1.174
202109 1.054 112.215 1.081
202112 2.583 113.108 2.629
202203 0.633 114.335 0.637
202206 0.478 114.558 0.480
202209 0.977 115.339 0.975
202212 2.622 115.116 2.622
202303 0.640 115.116 0.640
202306 0.629 114.558 0.632
202309 0.859 115.339 0.857
202312 0.658 114.781 0.660
202403 1.017 115.227 1.016
202406 1.150 114.781 1.153
202409 1.332 115.785 1.324
202412 1.257 114.893 1.259
202503 1.182 115.116 1.182

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


Tencent Holdings  (XBUL:NNND) 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.

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

Shiller PE Ratio=Share Price/E10
=55.05/1.67
=32.96

* 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 Tencent Holdings was 101.14. The lowest was 17.84. And the median was 47.10.


Be Aware

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


Tencent Holdings E10 Related Terms

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


Tencent Holdings Business Description

Address
No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

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