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Corporacion Financiera Alba (FRA:CSV) E10 : €4.89 (As of Jun. 2023)


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What is Corporacion Financiera Alba 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.

Corporacion Financiera Alba's adjusted earnings per share data for the fiscal year that ended in Dec. 2022 was €7.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.89 for the trailing ten years ended in Dec. 2022.

During the past 3 years, the average E10 Growth Rate was 3.80% per year. During the past 5 years, the average E10 Growth Rate was -4.10% per year. During the past 10 years, the average E10 Growth Rate was -31.40% 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 Corporacion Financiera Alba was 3.80% per year. The lowest was -66.10% per year. And the median was -11.60% per year.

As of today (2024-06-06), Corporacion Financiera Alba's current stock price is € 51.80. Corporacion Financiera Alba's E10 for the fiscal year that ended in Dec. 2022 was €4.89. Corporacion Financiera Alba's Shiller PE Ratio of today is 10.59.

During the past 13 years, the highest Shiller PE Ratio of Corporacion Financiera Alba was 16.52. The lowest was 0.25. And the median was 9.17.


Corporacion Financiera Alba E10 Historical Data

The historical data trend for Corporacion Financiera Alba'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.

Corporacion Financiera Alba E10 Chart

Corporacion Financiera Alba Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.68 4.43 3.52 3.35 4.89

Corporacion Financiera Alba Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 3.35 - 4.89 -

Competitive Comparison of Corporacion Financiera Alba's E10

For the Asset Management subindustry, Corporacion Financiera Alba'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.


Corporacion Financiera Alba's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corporacion Financiera Alba's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Corporacion Financiera Alba's Shiller PE Ratio falls into.



Corporacion Financiera Alba 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, Corporacion Financiera Alba's adjusted earnings per share data for the fiscal year that ended in Dec. 2022 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=7.37/117.6503*117.6503
=7.370

Current CPI (Dec. 2022) = 117.6503.

Corporacion Financiera Alba Annual Data

per_share_eps CPI Adj_EPS
201312 3.900 101.306 4.529
201412 4.140 100.251 4.859
201512 4.630 100.268 5.433
201612 7.000 101.842 8.087
201712 8.140 102.975 9.300
201812 2.650 104.193 2.992
201912 3.080 105.015 3.451
202012 -1.760 104.456 -1.982
202112 5.200 111.298 5.497
202212 7.370 117.650 7.370

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


Corporacion Financiera Alba  (FRA:CSV) 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.

Corporacion Financiera Alba's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=51.80/4.89
=10.59

* 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 Corporacion Financiera Alba was 16.52. The lowest was 0.25. And the median was 9.17.


Be Aware

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


Corporacion Financiera Alba E10 Related Terms

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


Corporacion Financiera Alba (FRA:CSV) Business Description

Traded in Other Exchanges
Address
C/ castello 77-5th floor, Madrid, ESP, 28006
Corporacion Financiera Alba SA is an investment holding company in Spain. The company's objective is to take long-term holdings in listed and unlisted companies, with activities in different economic sectors. The company is a part of the March group which integrates Banca March and Fundacion Juan March. Banca March is a family-owned Spanish bank, focused on Private Banking and Wealth Management, with a strong focus on family businesses. Its investments include top-tier office buildings in prime downtown and suburban business locations. Its current investment portfolio includes Acerinox, Naturgy, CIE Automotive, Ebro, Indra, Viscofan among others. It is also engaged in the lease of properties and holds interests in companies through venture capital.