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Sapiens International NV (XTAE:SPNS) E10 : ₪2.62 (As of Mar. 2024)


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What is Sapiens International NV 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.

Sapiens International NV's adjusted earnings per share data for the three months ended in Mar. 2024 was ₪1.139. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪2.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sapiens International NV's average E10 Growth Rate was 18.30% per year. During the past 3 years, the average E10 Growth Rate was 19.80% per year. During the past 5 years, the average E10 Growth Rate was 16.80% 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 Sapiens International NV was 196.20% per year. The lowest was -10.80% per year. And the median was 18.80% per year.

As of today (2024-05-27), Sapiens International NV's current stock price is ₪127.50. Sapiens International NV's E10 for the quarter that ended in Mar. 2024 was ₪2.62. Sapiens International NV's Shiller PE Ratio of today is 48.66.

During the past 13 years, the highest Shiller PE Ratio of Sapiens International NV was 833.00. The lowest was 29.50. And the median was 56.28.


Sapiens International NV E10 Historical Data

The historical data trend for Sapiens International NV'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.

Sapiens International NV E10 Chart

Sapiens International NV 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 1.22 1.26 1.51 1.98 2.44

Sapiens International NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.12 2.32 2.50 2.44 2.62

Competitive Comparison of Sapiens International NV's E10

For the Software - Application subindustry, Sapiens International NV'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.


Sapiens International NV's Shiller PE Ratio Distribution in the Software Industry

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

* The bar in red indicates where Sapiens International NV's Shiller PE Ratio falls into.



Sapiens International NV 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, Sapiens International NV's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.139/131.7762*131.7762
=1.139

Current CPI (Mar. 2024) = 131.7762.

Sapiens International NV Quarterly Data

per share eps CPI Adj_EPS
201406 0.220 100.560 0.288
201409 0.294 100.428 0.386
201412 0.331 99.070 0.440
201503 0.367 99.621 0.485
201506 0.367 100.684 0.480
201509 0.331 100.392 0.434
201512 0.441 99.792 0.582
201603 0.367 100.470 0.481
201606 0.404 101.688 0.524
201609 0.404 101.861 0.523
201612 0.294 101.863 0.380
201703 0.073 102.862 0.094
201706 -0.257 103.349 -0.328
201709 0.478 104.136 0.605
201712 0.257 104.011 0.326
201803 0.478 105.290 0.598
201806 0.147 106.317 0.182
201809 0.551 106.507 0.682
201812 0.257 105.998 0.320
201903 0.625 107.251 0.768
201906 0.514 108.070 0.627
201909 0.551 108.329 0.670
201912 0.772 108.420 0.938
202003 0.478 108.902 0.578
202006 0.661 108.767 0.801
202009 0.661 109.815 0.793
202012 0.551 109.897 0.661
202103 0.661 111.754 0.779
202106 0.698 114.631 0.802
202109 0.882 115.734 1.004
202112 0.919 117.630 1.030
202203 0.919 121.301 0.998
202206 0.772 125.017 0.814
202209 0.882 125.227 0.928
202212 0.882 125.222 0.928
202303 0.955 127.348 0.988
202306 1.029 128.729 1.053
202309 1.029 129.860 1.044
202312 1.102 129.419 1.122
202403 1.139 131.776 1.139

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


Sapiens International NV  (XTAE:SPNS) 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.

Sapiens International NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=127.50/2.62
=48.66

* 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 Sapiens International NV was 833.00. The lowest was 29.50. And the median was 56.28.


Be Aware

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


Sapiens International NV E10 Related Terms

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


Sapiens International NV (XTAE:SPNS) Business Description

Traded in Other Exchanges
Address
26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800
Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.