GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LEM Holding SA (XSWX:LEHN) » Definitions » E10

LEM Holding (XSWX:LEHN) E10 : CHF50.17 (As of Sep. 2023)


View and export this data going back to 2013. Start your Free Trial

What is LEM 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.

LEM Holding's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was CHF66.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF50.17 for the trailing ten years ended in Mar. 2023.

During the past 3 years, the average E10 Growth Rate was 8.70% per year. During the past 5 years, the average E10 Growth Rate was 9.10% per year. During the past 10 years, the average E10 Growth Rate was 10.40% 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 LEM Holding was 21.50% per year. The lowest was 8.00% per year. And the median was 10.20% per year.

As of today (2024-04-28), LEM Holding's current stock price is CHF 1568.00. LEM Holding's E10 for the fiscal year that ended in Mar. 2023 was CHF50.17. LEM Holding's Shiller PE Ratio of today is 31.25.

During the past 13 years, the highest Shiller PE Ratio of LEM Holding was 63.77. The lowest was 23.65. And the median was 38.38.


LEM Holding E10 Historical Data

The historical data trend for LEM 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.

LEM Holding E10 Chart

LEM Holding Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.83 39.06 40.46 45.23 50.17

LEM Holding Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 45.23 - 50.17 -

Competitive Comparison of LEM Holding's E10

For the Electrical Equipment & Parts subindustry, LEM 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.


LEM Holding's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LEM Holding's Shiller PE Ratio distribution charts can be found below:

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



LEM 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, LEM Holding's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=66.07/106.2447*106.2447
=66.070

Current CPI (Mar. 2023) = 106.2447.

LEM Holding Annual Data

per_share_eps CPI Adj_EPS
201403 40.090 101.224 42.078
201503 37.860 100.339 40.088
201603 38.180 99.475 40.778
201703 39.110 100.040 41.536
201803 47.760 100.836 50.322
201903 45.970 101.571 48.085
202003 53.270 101.048 56.010
202103 48.790 100.800 51.425
202203 63.480 103.205 65.350
202303 66.070 106.245 66.070

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


LEM Holding  (XSWX:LEHN) 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.

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

Shiller PE Ratio=Share Price/E10
=1568.00/50.17
=31.25

* 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 LEM Holding was 63.77. The lowest was 23.65. And the median was 38.38.


Be Aware

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


LEM Holding E10 Related Terms

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


LEM Holding (XSWX:LEHN) Business Description

Traded in Other Exchanges
Address
Route du Nant-d'Avril, 152, Meyrin, CHE, 1217
LEM Holding SA is a Switzerland-based holding company whose subsidiaries manufacture and distribute electrical measurement components for products with automotive, railway, battery monitoring, and wireless submetering network measuring applications. The firm's operations are broadly organized in two segments namely Asia, Europe/Americas, and LEM Group. It derives a majority of its revenue from Asia.

LEM Holding (XSWX:LEHN) Headlines

No Headlines