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Jeronimo Martins SGPS (XLIS:JMT) E10 : €0.80 (As of Dec. 2023)


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What is Jeronimo Martins SGPS 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.

Jeronimo Martins SGPS's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.316. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Jeronimo Martins SGPS's average E10 Growth Rate was 8.10% per year. During the past 3 years, the average E10 Growth Rate was 8.90% per year. During the past 5 years, the average E10 Growth Rate was 6.20% 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 Jeronimo Martins SGPS was 8.90% per year. The lowest was 3.30% per year. And the median was 6.10% per year.

As of today (2024-04-28), Jeronimo Martins SGPS's current stock price is €19.03. Jeronimo Martins SGPS's E10 for the quarter that ended in Dec. 2023 was €0.80. Jeronimo Martins SGPS's Shiller PE Ratio of today is 23.79.

During the past 13 years, the highest Shiller PE Ratio of Jeronimo Martins SGPS was 34.28. The lowest was 16.69. And the median was 25.54.


Jeronimo Martins SGPS E10 Historical Data

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS E10 Chart

Jeronimo Martins SGPS 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 0.62 0.62 0.65 0.74 0.80

Jeronimo Martins SGPS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.74 0.76 0.78 0.79 0.80

Competitive Comparison of Jeronimo Martins SGPS's E10

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Jeronimo Martins SGPS's Shiller PE Ratio falls into.



Jeronimo Martins SGPS 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, Jeronimo Martins SGPS's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.316/118.0324*118.0324
=0.316

Current CPI (Dec. 2023) = 118.0324.

Jeronimo Martins SGPS Quarterly Data

per share eps CPI Adj_EPS
201403 0.099 99.788 0.117
201406 0.131 99.967 0.155
201409 0.147 99.617 0.174
201412 0.103 99.723 0.122
201503 0.103 100.097 0.121
201506 0.135 100.769 0.158
201509 0.163 100.489 0.191
201512 0.129 100.119 0.152
201603 0.123 100.547 0.144
201606 0.151 101.319 0.176
201609 0.524 101.122 0.612
201612 0.146 100.998 0.171
201703 0.123 101.924 0.142
201706 0.152 102.240 0.175
201709 0.179 102.527 0.206
201712 0.159 102.479 0.183
201803 0.135 102.626 0.155
201806 0.151 103.790 0.172
201809 0.179 103.960 0.203
201812 0.173 103.159 0.198
201903 0.098 103.495 0.112
201906 0.161 104.192 0.182
201909 0.165 103.844 0.188
201912 0.196 103.592 0.223
202003 0.055 103.544 0.063
202006 0.111 104.323 0.126
202009 0.183 103.699 0.208
202012 0.148 103.354 0.169
202103 0.092 104.014 0.104
202106 0.205 104.852 0.231
202109 0.219 105.232 0.246
202112 0.221 106.191 0.246
202203 0.140 109.559 0.151
202206 0.276 114.003 0.286
202209 0.250 114.999 0.257
202212 0.273 116.377 0.277
202303 0.223 117.701 0.224
202306 0.345 117.872 0.345
202309 0.321 119.111 0.318
202312 0.316 118.032 0.316

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


Jeronimo Martins SGPS  (XLIS:JMT) 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.

Jeronimo Martins SGPS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.03/0.8
=23.79

* 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 Jeronimo Martins SGPS was 34.28. The lowest was 16.69. And the median was 25.54.


Be Aware

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


Jeronimo Martins SGPS E10 Related Terms

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


Jeronimo Martins SGPS (XLIS:JMT) Business Description

Address
Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS (XLIS:JMT) Headlines