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Freedom Holding (XKAZ:FRHC_KZ) E10 : $2.45 (As of Dec. 2024)


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What is Freedom Holding 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.

Freedom Holding's adjusted earnings per share data for the three months ended in Dec. 2024 was $1.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.45 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Freedom Holding's average E10 Growth Rate was 30.50% 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 Freedom Holding was 69.80% per year. The lowest was -30.50% per year. And the median was 46.50% per year.

As of today (2025-04-03), Freedom Holding's current stock price is $133.60. Freedom Holding's E10 for the quarter that ended in Dec. 2024 was $2.45. Freedom Holding's Shiller PE Ratio of today is 54.53.

During the past 13 years, the highest Shiller PE Ratio of Freedom Holding was 78.31. The lowest was 31.01. And the median was 52.73.


Freedom Holding E10 Historical Data

The historical data trend for Freedom Holding'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.

Freedom Holding E10 Chart

Freedom Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.91 1.33 2.01

Freedom Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.89 2.01 2.34 2.35 2.45

Competitive Comparison of Freedom Holding's E10

For the Financial Conglomerates subindustry, Freedom Holding'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.


Freedom Holding's Shiller PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Shiller PE Ratio falls into.


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Freedom Holding 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, Freedom Holding's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.29/133.1571*133.1571
=1.290

Current CPI (Dec. 2024) = 133.1571.

Freedom Holding Quarterly Data

per share eps CPI Adj_EPS
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 -0.001 100.392 -0.001
201512 -0.002 99.792 -0.003
201603 0.000 100.470 0.000
201606 -0.004 101.688 -0.005
201609 0.008 101.861 0.010
201612 -0.002 101.863 -0.003
201703 0.021 102.862 0.027
201706 0.016 103.349 0.021
201709 0.860 104.136 1.100
201712 -0.256 104.011 -0.328
201803 -0.064 105.290 -0.081
201806 -0.119 106.317 -0.149
201809 0.030 106.507 0.038
201812 0.150 105.998 0.188
201903 0.050 107.251 0.062
201906 0.140 108.070 0.173
201909 0.150 108.329 0.184
201912 0.070 108.420 0.086
202003 0.070 108.902 0.086
202006 0.420 108.767 0.514
202009 0.400 109.815 0.485
202012 0.720 109.897 0.872
202103 1.020 111.754 1.215
202106 0.930 114.631 1.080
202109 3.470 115.734 3.992
202112 0.860 117.630 0.974
202203 -1.340 121.301 -1.471
202206 1.030 125.017 1.097
202209 0.440 125.227 0.468
202212 1.050 125.222 1.117
202303 0.950 127.348 0.993
202306 1.160 128.729 1.200
202309 1.950 129.860 2.000
202312 1.630 129.419 1.677
202403 1.580 131.776 1.597
202406 0.580 132.554 0.583
202409 1.890 133.029 1.892
202412 1.290 133.157 1.290

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


Freedom Holding  (XKAZ:FRHC_KZ) 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.

Freedom Holding's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=133.60/2.45
=54.53

* 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 Freedom Holding was 78.31. The lowest was 31.01. And the median was 52.73.


Be Aware

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


Freedom Holding E10 Related Terms

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


Freedom Holding Business Description

Traded in Other Exchanges
Address
No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040
Freedom Holding Corp is a holding company with its subsidiary it is engaged in securities brokerage, securities dealing for customers and account, market-making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its segments are Brokerage, Banking, Insurance, and Others.

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