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Coca-Cola Co (XTER:CCC3) E10 : €1.88 (As of Sep. 2024)


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What is Coca-Cola Co 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.

Coca-Cola Co's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.595. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.88 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Coca-Cola Co's average E10 Growth Rate was 3.00% per year. During the past 3 years, the average E10 Growth Rate was 5.10% per year. During the past 5 years, the average E10 Growth Rate was 2.70% per year. During the past 10 years, the average E10 Growth Rate was 1.60% 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 Coca-Cola Co was 16.10% per year. The lowest was 0.20% per year. And the median was 6.50% per year.

As of today (2024-12-15), Coca-Cola Co's current stock price is €60.68. Coca-Cola Co's E10 for the quarter that ended in Sep. 2024 was €1.88. Coca-Cola Co's Shiller PE Ratio of today is 32.28.

During the past 13 years, the highest Shiller PE Ratio of Coca-Cola Co was 34.84. The lowest was 20.82. And the median was 27.53.


Coca-Cola Co E10 Historical Data

The historical data trend for Coca-Cola Co'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.

Coca-Cola Co E10 Chart

Coca-Cola Co 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 1.64 1.40 1.65 1.85 1.82

Coca-Cola Co 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 1.92 1.82 1.93 1.94 1.88

Competitive Comparison of Coca-Cola Co's E10

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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.


Coca-Cola Co's Shiller PE Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Co's Shiller PE Ratio falls into.



Coca-Cola Co 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, Coca-Cola Co'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)
=0.595/133.0289*133.0289
=0.595

Current CPI (Sep. 2024) = 133.0289.

Coca-Cola Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.138 99.070 0.185
201503 0.323 99.621 0.431
201506 0.633 100.684 0.836
201509 0.294 100.392 0.390
201512 0.257 99.792 0.343
201603 0.305 100.470 0.404
201606 0.703 101.688 0.920
201609 0.214 101.861 0.279
201612 0.123 101.863 0.161
201703 0.252 102.862 0.326
201706 0.285 103.349 0.367
201709 0.277 104.136 0.354
201712 -0.549 104.011 -0.702
201803 0.260 105.290 0.328
201806 0.462 106.317 0.578
201809 0.377 106.507 0.471
201812 0.176 105.998 0.221
201903 0.345 107.251 0.428
201906 0.540 108.070 0.665
201909 0.545 108.329 0.669
201912 0.423 108.420 0.519
202003 0.579 108.902 0.707
202006 0.364 108.767 0.445
202009 0.340 109.815 0.412
202012 0.279 109.897 0.338
202103 0.437 111.754 0.520
202106 0.506 114.631 0.587
202109 0.485 115.734 0.557
202112 0.496 117.630 0.561
202203 0.581 121.301 0.637
202206 0.416 125.017 0.443
202209 0.657 125.227 0.698
202212 0.444 125.222 0.472
202303 0.672 127.348 0.702
202306 0.545 128.729 0.563
202309 0.665 129.860 0.681
202312 0.422 129.419 0.434
202403 0.681 131.776 0.687
202406 0.520 132.554 0.522
202409 0.595 133.029 0.595

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


Coca-Cola Co  (XTER:CCC3) 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.

Coca-Cola Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=60.68/1.88
=32.28

* 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 Coca-Cola Co was 34.84. The lowest was 20.82. And the median was 27.53.


Be Aware

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


Coca-Cola Co E10 Related Terms

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


Coca-Cola Co Business Description

Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co Headlines

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