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Meitav Investments House (XTAE:MTAV) E10 : ₪1.02 (As of Dec. 2024)


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What is Meitav Investments House 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.

Meitav Investments House's adjusted earnings per share data for the three months ended in Dec. 2024 was ₪1.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪1.02 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Meitav Investments House's average E10 Growth Rate was 24.40% 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.

As of today (2025-04-05), Meitav Investments House's current stock price is ₪44.51. Meitav Investments House's E10 for the quarter that ended in Dec. 2024 was ₪1.02. Meitav Investments House's Shiller PE Ratio of today is 43.64.

During the past 13 years, the highest Shiller PE Ratio of Meitav Investments House was 43.84. The lowest was 14.79. And the median was 19.90.


Meitav Investments House E10 Historical Data

The historical data trend for Meitav Investments House'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.

Meitav Investments House E10 Chart

Meitav Investments House 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 - - 0.67 0.82 1.02

Meitav Investments House 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 0.82 0.88 0.92 0.97 1.02

Competitive Comparison of Meitav Investments House's E10

For the Asset Management subindustry, Meitav Investments House'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.


Meitav Investments House's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Meitav Investments House's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Meitav Investments House's Shiller PE Ratio falls into.


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Meitav Investments House 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, Meitav Investments House'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)
=1.09/133.1571*133.1571
=1.090

Current CPI (Dec. 2024) = 133.1571.

Meitav Investments House Quarterly Data

per share eps CPI Adj_EPS
201503 0.438 99.621 0.585
201506 0.279 100.684 0.369
201509 0.299 100.392 0.397
201512 0.359 99.792 0.479
201603 0.389 100.470 0.516
201606 0.259 101.688 0.339
201609 0.379 101.861 0.495
201612 0.189 101.863 0.247
201703 0.359 102.862 0.465
201706 0.289 103.349 0.372
201709 0.478 104.136 0.611
201712 0.319 104.011 0.408
201803 0.299 105.290 0.378
201806 0.199 106.317 0.249
201809 0.339 106.507 0.424
201812 0.179 105.998 0.225
201903 0.438 107.251 0.544
201906 0.289 108.070 0.356
201909 0.339 108.329 0.417
201912 0.100 108.420 0.123
202003 0.139 108.902 0.170
202006 0.389 108.767 0.476
202009 0.418 109.815 0.507
202012 1.764 109.897 2.137
202103 0.199 111.754 0.237
202106 0.438 114.631 0.509
202109 -7.453 115.734 -8.575
202112 0.515 117.630 0.583
202203 0.399 121.301 0.438
202206 0.250 125.017 0.266
202209 0.310 125.227 0.330
202212 0.130 125.222 0.138
202303 0.270 127.348 0.282
202306 0.590 128.729 0.610
202309 0.340 129.860 0.349
202312 0.500 129.419 0.514
202403 0.640 131.776 0.647
202406 0.740 132.554 0.743
202409 0.790 133.029 0.791
202412 1.090 133.157 1.090

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


Meitav Investments House  (XTAE:MTAV) 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.

Meitav Investments House's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=44.51/1.02
=43.64

* 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 Meitav Investments House was 43.84. The lowest was 14.79. And the median was 19.90.


Be Aware

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


Meitav Investments House E10 Related Terms

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


Meitav Investments House Business Description

Traded in Other Exchanges
N/A
Address
30 Derekh Sheshet Ha-Yamim Street, Discount House, Bnei Brak, ISR, 5120261
Meitav Investments House Ltd formely, Meitav Dash Investments Ltd operates, by itself and through its investees, in the capital market in the fields of financial asset management, including study funds, provident funds, pension funds and exchange-traded notes among others.

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