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Tripadvisor (BUE:TRIP) E10 : ARS113.20 (As of Mar. 2024)


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What is Tripadvisor 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.

Tripadvisor's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS-362.275. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS113.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tripadvisor's average E10 Growth Rate was -43.20% per year. During the past 3 years, the average E10 Growth Rate was -27.40% 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 Tripadvisor was -25.60% per year. The lowest was -27.40% per year. And the median was -26.50% per year.

As of today (2024-05-26), Tripadvisor's current stock price is ARS11036.00. Tripadvisor's E10 for the quarter that ended in Mar. 2024 was ARS113.20. Tripadvisor's Shiller PE Ratio of today is 97.49.

During the past 13 years, the highest Shiller PE Ratio of Tripadvisor was 130.71. The lowest was 13.89. And the median was 45.95.


Tripadvisor E10 Historical Data

The historical data trend for Tripadvisor'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.

Tripadvisor E10 Chart

Tripadvisor 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 42.16 57.12 61.63 78.76 151.18

Tripadvisor 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 75.25 84.62 123.35 151.18 113.20

Competitive Comparison of Tripadvisor's E10

For the Travel Services subindustry, Tripadvisor'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.


Tripadvisor's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tripadvisor's Shiller PE Ratio distribution charts can be found below:

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



Tripadvisor 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, Tripadvisor'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)
=-362.275/131.7762*131.7762
=-362.275

Current CPI (Mar. 2024) = 131.7762.

Tripadvisor Quarterly Data

per share eps CPI Adj_EPS
201406 3.819 100.560 5.005
201409 3.115 100.428 4.087
201412 2.138 99.070 2.844
201503 3.792 99.621 5.016
201506 3.635 100.684 4.758
201509 4.795 100.392 6.294
201512 0.259 99.792 0.342
201603 2.921 100.470 3.831
201606 3.215 101.688 4.166
201609 5.519 101.861 7.140
201612 0.159 101.863 0.206
201703 1.388 102.862 1.778
201706 3.133 103.349 3.995
201709 3.154 104.136 3.991
201712 -11.457 104.011 -14.515
201803 0.806 105.290 1.009
201806 5.736 106.317 7.110
201809 18.032 106.507 22.310
201812 1.885 105.998 2.343
201903 7.036 107.251 8.645
201906 10.723 108.070 13.075
201909 20.133 108.329 24.491
201912 6.575 108.420 7.991
202003 -7.448 108.902 -9.012
202006 -78.044 108.767 -94.554
202009 -26.726 109.815 -32.071
202012 -43.945 109.897 -52.694
202103 -53.147 111.754 -62.669
202106 -27.472 114.631 -31.581
202109 0.978 115.734 1.114
202112 -21.208 117.630 -23.759
202203 -25.769 121.301 -27.994
202206 25.269 125.017 26.635
202209 23.621 125.227 24.856
202212 -3.353 125.222 -3.529
202303 -102.726 127.348 -106.298
202306 40.800 128.729 41.766
202309 66.491 129.860 67.472
202312 83.030 129.419 84.542
202403 -362.275 131.776 -362.275

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


Tripadvisor  (BUE:TRIP) 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.

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

Shiller PE Ratio=Share Price/E10
=11036.00/113.2
=97.49

* 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 Tripadvisor was 130.71. The lowest was 13.89. And the median was 45.95.


Be Aware

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


Tripadvisor E10 Related Terms

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


Tripadvisor (BUE:TRIP) Business Description

Address
400 1st Avenue, Needham, MA, USA, 02494
Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).