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Cablevision Systems (FRA:CVY) E10 : €0.69 (As of Mar. 2016)


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What is Cablevision Systems 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.

Cablevision Systems's adjusted earnings per share data for the three months ended in Mar. 2016 was €0.305. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.69 for the trailing ten years ended in Mar. 2016.

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 (2024-05-16), Cablevision Systems's current stock price is €31.02. Cablevision Systems's E10 for the quarter that ended in Mar. 2016 was €0.69. Cablevision Systems's Shiller PE Ratio of today is 44.96.


Cablevision Systems E10 Historical Data

The historical data trend for Cablevision Systems'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.

Cablevision Systems E10 Chart

Cablevision Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 -0.01 0.21 0.58 0.67

Cablevision Systems Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 0.72 0.65 0.66 0.67 0.69

Competitive Comparison of Cablevision Systems's E10

For the Broadcasting subindustry, Cablevision Systems'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.


Cablevision Systems's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cablevision Systems's Shiller PE Ratio distribution charts can be found below:

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



Cablevision Systems 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, Cablevision Systems's adjusted earnings per share data for the three months ended in Mar. 2016 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.305/100.4704*100.4704
=0.305

Current CPI (Mar. 2016) = 100.4704.

Cablevision Systems Quarterly Data

per share eps CPI Adj_EPS
200606 0.040 85.606 0.047
200609 -0.165 85.606 -0.194
200612 -0.064 85.142 -0.076
200703 -0.068 86.640 -0.079
200706 0.805 87.906 0.920
200709 -0.194 87.964 -0.222
200712 0.016 88.616 0.018
200803 -0.071 90.090 -0.079
200806 0.206 92.320 0.224
200809 0.070 92.307 0.076
200812 -0.823 88.697 -0.932
200903 0.054 89.744 0.060
200906 0.207 91.003 0.229
200909 0.226 91.120 0.249
200912 0.178 91.111 0.196
201003 0.177 91.821 0.194
201006 0.164 91.962 0.179
201009 0.282 92.162 0.307
201012 0.288 92.474 0.313
201103 0.257 94.283 0.274
201106 0.215 95.235 0.227
201109 0.102 95.727 0.107
201112 0.166 95.213 0.175
201203 0.159 96.783 0.165
201206 0.191 96.819 0.198
201209 -0.008 97.633 -0.008
201212 0.338 96.871 0.351
201303 -0.046 98.209 -0.047
201306 0.387 98.518 0.395
201309 0.823 98.790 0.837
201312 0.142 98.326 0.145
201403 0.239 99.695 0.241
201406 0.258 100.560 0.258
201409 0.202 100.428 0.202
201412 0.165 99.070 0.167
201503 0.148 99.621 0.149
201506 0.241 100.684 0.240
201509 0.071 100.392 0.071
201512 0.106 99.792 0.107
201603 0.305 100.470 0.305

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


Cablevision Systems  (FRA:CVY) 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.

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

Shiller PE Ratio=Share Price/E10
=31.02/0.69
=44.96

* 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.


Be Aware

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


Cablevision Systems E10 Related Terms

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


Cablevision Systems (FRA:CVY) Business Description

Traded in Other Exchanges
N/A
Address
Cablevision Systems Corp is a Delaware corporation which was organized in 1997. It operates through its subsidiary, CSC Holdings. CSC Holdings is a cable operator in the United States. It also provides high-speed data and Voice over Internet Protocol services using its television broadband network; and Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area. One of its subsidiaries also operates a newspaper publishing business. It also owns a cable television advertising sales business and regional news and other local programming services businesses. The Company classifies its operations into three reportable segments: Cable, consisting principally of video, high-speed data, and VoIP services; Lightpath; and Other, consisting principally of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, the News 12 Networks, which provides regional news programming services, Cablevision Media Sales Corporation, a cable television advertising company, and MSG Varsity, a program service dedicated to showcasing high school sports and activities and other local programming. The Company's cable television systems are operated in New York, New Jersey, and Connecticut under non-exclusive franchise agreements, where required by the franchising authority, with state and/or municipal or county franchising authorities. The Company's competitors include Verizon Communications, Inc., AT&T Inc., RCN Corporation, among others. Its cable television systems are subject to federal, state and local regulations.

Cablevision Systems (FRA:CVY) Headlines

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