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Almirall (XMAD:ALM) E10 : €0.37 (As of Dec. 2024)


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What is Almirall 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.

Almirall's adjusted earnings per share data for the three months ended in Dec. 2024 was €0.014. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.37 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Almirall's average E10 Growth Rate was 8.80% per year. During the past 3 years, the average E10 Growth Rate was -1.70% per year. During the past 5 years, the average E10 Growth Rate was -6.10% 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 Almirall was -1.70% per year. The lowest was -17.00% per year. And the median was -9.10% per year.

As of today (2025-04-04), Almirall's current stock price is €9.675. Almirall's E10 for the quarter that ended in Dec. 2024 was €0.37. Almirall's Shiller PE Ratio of today is 26.15.

During the past 13 years, the highest Shiller PE Ratio of Almirall was 38.33. The lowest was 10.62. And the median was 25.10.


Almirall E10 Historical Data

The historical data trend for Almirall'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.

Almirall E10 Chart

Almirall 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 0.44 0.39 0.35 0.34 0.37

Almirall Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 0.34 0.39 0.39 0.38 0.37

Competitive Comparison of Almirall's E10

For the Drug Manufacturers - Specialty & Generic subindustry, Almirall'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.


Almirall's Shiller PE Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Almirall's Shiller PE Ratio distribution charts can be found below:

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


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Almirall 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, Almirall'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)
=0.014/124.7533*124.7533
=0.014

Current CPI (Dec. 2024) = 124.7533.

Almirall Quarterly Data

per share eps CPI Adj_EPS
201412 2.340 100.251 2.912
201503 0.250 99.474 0.314
201506 0.090 101.138 0.111
201509 0.080 99.559 0.100
201512 0.338 100.268 0.421
201603 0.130 98.638 0.164
201606 0.340 100.333 0.423
201609 0.134 99.737 0.168
201612 -0.162 101.842 -0.198
201703 0.113 100.896 0.140
201706 -0.536 101.848 -0.657
201709 -0.154 101.524 -0.189
201712 -1.181 102.975 -1.431
201803 0.180 102.122 0.220
201806 0.120 104.165 0.144
201809 0.237 103.818 0.285
201812 -0.089 104.193 -0.107
201903 0.170 103.488 0.205
201906 0.184 104.612 0.219
201909 0.203 103.905 0.244
201912 0.049 105.015 0.058
202003 0.279 103.469 0.336
202006 -0.036 104.254 -0.043
202009 0.084 103.521 0.101
202012 0.097 104.456 0.116
202103 0.167 104.857 0.199
202106 -0.404 107.102 -0.471
202109 0.019 107.669 0.022
202112 -0.008 111.298 -0.009
202203 0.113 115.153 0.122
202206 0.038 118.044 0.040
202212 -0.130 117.650 -0.138
202303 0.042 118.948 0.044
202306 0.021 120.278 0.022
202309 0.008 121.343 0.008
202312 -0.249 121.300 -0.256
202403 0.035 122.762 0.036
202406 0.037 124.409 0.037
202409 -0.038 123.121 -0.039
202412 0.014 124.753 0.014

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


Almirall  (XMAD:ALM) 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.

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

Shiller PE Ratio=Share Price/E10
=9.675/0.37
=26.15

* 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 Almirall was 38.33. The lowest was 10.62. And the median was 25.10.


Be Aware

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


Almirall E10 Related Terms

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


Almirall Business Description

Traded in Other Exchanges
Address
Ronda General Mitre 151, Barcelona, ESP, 08022
Almirall SA is a Spain-based company engaged in development, manufacture, and selling pharmaceutical products across a range of therapeutic areas. It aims to provide treatments in areas of dermatology, respiratory, gastrointestinal, central nervous systems, and other specialties. The company operates in five segments: Sales of its own network, sales of licensees, Research and developments, Sales of Therapeutic dermatological products in the U.S., and Corporate management. The medical dermatology business in the Europe is the key driver of the company's operation. Other than Europe, the company also operates in the Americas, Asia, Africa, and Oceania through subsidiaries.

Almirall Headlines

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