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Boyd Gaming (FRA:BO5) E10 : €2.43 (As of Mar. 2024)


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What is Boyd Gaming 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.

Boyd Gaming's adjusted earnings per share data for the three months ended in Mar. 2024 was €1.288. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boyd Gaming's average E10 Growth Rate was 37.40% 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 Boyd Gaming was 35.40% per year. The lowest was -35.70% per year. And the median was 13.90% per year.

As of today (2024-06-08), Boyd Gaming's current stock price is €48.60. Boyd Gaming's E10 for the quarter that ended in Mar. 2024 was €2.43. Boyd Gaming's Shiller PE Ratio of today is 20.00.

During the past 13 years, the highest Shiller PE Ratio of Boyd Gaming was 962.17. The lowest was 19.31. And the median was 33.16.


Boyd Gaming E10 Historical Data

The historical data trend for Boyd Gaming'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.

Boyd Gaming E10 Chart

Boyd Gaming 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 -0.41 -0.46 -0.17 1.58 2.26

Boyd Gaming 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 1.77 1.94 2.19 2.26 2.43

Competitive Comparison of Boyd Gaming's E10

For the Resorts & Casinos subindustry, Boyd Gaming'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.


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

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

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



Boyd Gaming 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, Boyd Gaming'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)
=1.288/131.7762*131.7762
=1.288

Current CPI (Mar. 2024) = 131.7762.

Boyd Gaming Quarterly Data

per share eps CPI Adj_EPS
201406 0.007 100.560 0.009
201409 -0.109 100.428 -0.143
201412 -0.235 99.070 -0.313
201503 0.286 99.621 0.378
201506 -0.053 100.684 -0.069
201509 0.196 100.392 0.257
201512 -0.055 99.792 -0.073
201603 0.260 100.470 0.341
201606 0.231 101.688 0.299
201609 2.646 101.861 3.423
201612 0.104 101.863 0.135
201703 0.290 102.862 0.372
201706 0.374 103.349 0.477
201709 0.168 104.136 0.213
201712 0.600 104.011 0.760
201803 0.292 105.290 0.365
201806 0.291 106.317 0.361
201809 0.086 106.507 0.106
201812 0.176 105.998 0.219
201903 0.354 107.251 0.435
201906 0.381 108.070 0.465
201909 0.318 108.329 0.387
201912 0.180 108.420 0.219
202003 -1.176 108.902 -1.423
202006 -0.852 108.767 -1.032
202009 0.280 109.815 0.336
202012 0.600 109.897 0.719
202103 0.756 111.754 0.891
202106 0.830 114.631 0.954
202109 1.029 115.734 1.172
202112 0.850 117.630 0.952
202203 1.317 121.301 1.431
202206 1.258 125.017 1.326
202209 1.475 125.227 1.552
202212 1.539 125.222 1.620
202303 1.803 127.348 1.866
202306 1.744 128.729 1.785
202309 1.256 129.860 1.275
202312 0.862 129.419 0.878
202403 1.288 131.776 1.288

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


Boyd Gaming  (FRA:BO5) 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.

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

Shiller PE Ratio=Share Price/E10
=48.60/2.43
=20.00

* 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 Boyd Gaming was 962.17. The lowest was 19.31. And the median was 33.16.


Be Aware

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


Boyd Gaming E10 Related Terms

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


Boyd Gaming (FRA:BO5) Business Description

Traded in Other Exchanges
Address
6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.

Boyd Gaming (FRA:BO5) Headlines

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