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Keysight Technologies (FRA:1KT) E10 : €3.59 (As of Apr. 2024)


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What is Keysight Technologies 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.

Keysight Technologies's adjusted earnings per share data for the three months ended in Apr. 2024 was €0.671. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.59 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Keysight Technologies's average E10 Growth Rate was 7.10% 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 (2024-06-01), Keysight Technologies's current stock price is €126.42. Keysight Technologies's E10 for the quarter that ended in Apr. 2024 was €3.59. Keysight Technologies's Shiller PE Ratio of today is 35.21.

During the past 13 years, the highest Shiller PE Ratio of Keysight Technologies was 54.49. The lowest was 32.78. And the median was 45.05.


Keysight Technologies E10 Historical Data

The historical data trend for Keysight Technologies'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.

Keysight Technologies E10 Chart

Keysight Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.36 3.43

Keysight Technologies Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.18 3.32 3.43 3.49 3.59

Competitive Comparison of Keysight Technologies's E10

For the Scientific & Technical Instruments subindustry, Keysight Technologies'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.


Keysight Technologies's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Keysight Technologies's Shiller PE Ratio distribution charts can be found below:

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



Keysight Technologies 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, Keysight Technologies's adjusted earnings per share data for the three months ended in Apr. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=0.671/131.7762*131.7762
=0.671

Current CPI (Apr. 2024) = 131.7762.

Keysight Technologies Quarterly Data

per share eps CPI Adj_EPS
201407 0.474 100.520 0.621
201410 0.477 100.176 0.627
201501 0.353 98.604 0.472
201504 0.517 99.824 0.682
201507 0.373 100.691 0.488
201510 1.435 100.346 1.884
201601 0.341 99.957 0.450
201604 0.449 100.947 0.586
201607 0.480 101.524 0.623
201610 0.490 101.988 0.633
201701 0.592 102.456 0.761
201704 0.252 103.167 0.322
201707 -0.087 103.278 -0.111
201710 -0.170 104.070 -0.215
201801 0.410 104.578 0.517
201804 0.277 105.708 0.345
201807 0.539 106.324 0.668
201810 -0.531 106.695 -0.656
201901 0.526 106.200 0.653
201904 0.712 107.818 0.870
201907 0.740 108.250 0.901
201910 0.922 108.577 1.119
202001 0.775 108.841 0.938
202004 0.340 108.173 0.414
202007 0.809 109.318 0.975
202010 0.978 109.861 1.173
202101 0.755 110.364 0.901
202104 0.828 112.673 0.968
202107 1.151 115.183 1.317
202110 1.310 116.696 1.479
202201 1.096 118.619 1.218
202204 1.306 121.978 1.411
202207 1.838 125.002 1.938
202210 1.685 125.734 1.766
202301 1.346 126.223 1.405
202304 1.441 127.992 1.484
202307 1.455 128.974 1.487
202310 1.212 129.810 1.230
202401 0.900 130.124 0.911
202404 0.671 131.776 0.671

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


Keysight Technologies  (FRA:1KT) 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.

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

Shiller PE Ratio=Share Price/E10
=126.42/3.59
=35.21

* 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 Keysight Technologies was 54.49. The lowest was 32.78. And the median was 45.05.


Be Aware

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


Keysight Technologies E10 Related Terms

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


Keysight Technologies (FRA:1KT) Business Description

Traded in Other Exchanges
Address
1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

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