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Aperam (XMAD:APAM) E10 : €4.89 (As of Sep. 2024)


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What is Aperam 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.

Aperam's adjusted earnings per share data for the three months ended in Sep. 2024 was €2.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.89 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Aperam's average E10 Growth Rate was 15.20% 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.

As of today (2024-12-15), Aperam's current stock price is €26.16. Aperam's E10 for the quarter that ended in Sep. 2024 was €4.89. Aperam's Shiller PE Ratio of today is 5.35.

During the past 13 years, the highest Shiller PE Ratio of Aperam was 10.34. The lowest was 5.70. And the median was 7.02.


Aperam E10 Historical Data

The historical data trend for Aperam'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.

Aperam E10 Chart

Aperam 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 - - - 3.65 4.07

Aperam Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.96 4.07 4.02 4.25 4.89

Competitive Comparison of Aperam's E10

For the Steel subindustry, Aperam'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.


Aperam's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aperam's Shiller PE Ratio distribution charts can be found below:

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



Aperam 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, Aperam's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.44/123.3000*123.3000
=2.440

Current CPI (Sep. 2024) = 123.3000.

Aperam Quarterly Data

per share eps CPI Adj_EPS
201212 -0.678 97.930 -0.854
201306 -0.392 99.110 -0.488
201312 -0.535 99.440 -0.663
201406 0.513 99.960 0.633
201412 0.449 98.830 0.560
201506 1.159 100.640 1.420
201512 0.753 99.910 0.929
201606 0.980 100.660 1.200
201612 1.437 101.040 1.754
201703 1.030 101.780 1.248
201706 0.840 102.170 1.014
201709 0.640 102.520 0.770
201712 1.220 102.410 1.469
201803 0.830 102.900 0.995
201806 0.740 103.650 0.880
201809 0.870 104.580 1.026
201812 0.570 104.320 0.674
201903 0.300 105.140 0.352
201906 0.690 105.550 0.806
201909 0.470 105.900 0.547
201912 0.360 106.080 0.418
202003 0.360 106.040 0.419
202006 0.270 106.340 0.313
202009 0.300 106.620 0.347
202012 1.260 106.670 1.456
202103 1.450 108.140 1.653
202106 2.650 108.680 3.006
202109 2.530 109.470 2.850
202112 5.530 111.090 6.138
202203 2.400 114.780 2.578
202206 4.150 116.750 4.383
202209 1.640 117.000 1.728
202212 0.100 117.060 0.105
202303 1.830 118.910 1.898
202306 0.580 120.460 0.594
202309 -0.590 121.740 -0.598
202312 0.950 121.170 0.967
202403 -0.260 122.590 -0.262
202406 0.820 123.120 0.821
202409 2.440 123.300 2.440

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


Aperam  (XMAD:APAM) 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.

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

Shiller PE Ratio=Share Price/E10
=26.16/4.89
=5.35

* 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 Aperam was 10.34. The lowest was 5.70. And the median was 7.02.


Be Aware

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


Aperam E10 Related Terms

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


Aperam Business Description

Address
24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company primarily operates through four segments. Its stainless and electrical steel segment, which generates major revenue produces a wide range of stainless and electrical steel products, and also special carbon products. Its service and solutions segment markets the company's products and provides customized steel transformation services. Its alloys and specialties segment produces nickel alloys and certain specific stainless steels. The Recycling & Renewables segment collects, trades, processes and recycles stainless steel scrap and high-performance alloys. Geographically the company generates revenue from Europe, Americas, and Asia & Africa.