GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (XTAE:NICE) » Definitions » E10

NICE (XTAE:NICE) E10 : ₪14.83 (As of Dec. 2024)


View and export this data going back to 1991. Start your Free Trial

What is NICE 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.

NICE's adjusted earnings per share data for the three months ended in Dec. 2024 was ₪5.542. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪14.83 for the trailing ten years ended in Dec. 2024.

During the past 12 months, NICE's average E10 Growth Rate was 15.60% per year. During the past 3 years, the average E10 Growth Rate was 16.00% per year. During the past 5 years, the average E10 Growth Rate was 15.30% per year. During the past 10 years, the average E10 Growth Rate was 14.80% 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 NICE was 136.30% per year. The lowest was 12.70% per year. And the median was 17.30% per year.

As of today (2025-03-02), NICE's current stock price is ₪506.10. NICE's E10 for the quarter that ended in Dec. 2024 was ₪14.83. NICE's Shiller PE Ratio of today is 34.13.

During the past 13 years, the highest Shiller PE Ratio of NICE was 112.03. The lowest was 35.26. And the median was 64.95.


NICE E10 Historical Data

The historical data trend for NICE'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.

NICE E10 Chart

NICE 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 8.21 9.49 11.04 12.83 14.83

NICE 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 12.83 13.52 14.15 14.66 14.83

Competitive Comparison of NICE's E10

For the Software - Application subindustry, NICE'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.


NICE's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, NICE's Shiller PE Ratio distribution charts can be found below:

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



NICE 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, NICE'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)
=5.542/133.1571*133.1571
=5.542

Current CPI (Dec. 2024) = 133.1571.

NICE Quarterly Data

per share eps CPI Adj_EPS
201503 1.727 99.621 2.308
201506 1.727 100.684 2.284
201509 8.386 100.392 11.123
201512 3.383 99.792 4.514
201603 2.087 100.470 2.766
201606 1.512 101.688 1.980
201609 1.799 101.861 2.352
201612 1.548 101.863 2.024
201703 1.008 102.862 1.305
201706 1.188 103.349 1.531
201709 1.512 104.136 1.933
201712 4.571 104.011 5.852
201803 1.332 105.290 1.685
201806 1.943 106.317 2.434
201809 2.231 106.507 2.789
201812 3.527 105.998 4.431
201903 2.087 107.251 2.591
201906 2.339 108.070 2.882
201909 2.483 108.329 3.052
201912 3.419 108.420 4.199
202003 2.555 108.902 3.124
202006 2.447 108.767 2.996
202009 2.735 109.815 3.316
202012 2.987 109.897 3.619
202103 2.807 111.754 3.345
202106 2.447 114.631 2.842
202109 2.699 115.734 3.105
202112 2.735 117.630 3.096
202203 3.131 121.301 3.437
202206 3.563 125.017 3.795
202209 3.851 125.227 4.095
202212 3.851 125.222 4.095
202303 4.139 127.348 4.328
202306 4.715 128.729 4.877
202309 5.003 129.860 5.130
202312 4.463 129.419 4.592
202403 5.758 131.776 5.818
202406 6.334 132.554 6.363
202409 6.694 133.029 6.700
202412 5.542 133.157 5.542

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


NICE  (XTAE:NICE) 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.

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

Shiller PE Ratio=Share Price/E10
=506.10/14.83
=34.13

* 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 NICE was 112.03. The lowest was 35.26. And the median was 64.95.


Be Aware

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


NICE E10 Related Terms

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


NICE Business Description

Traded in Other Exchanges
Address
13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602
Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.