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Polisan Holding AS (IST:POLHO) E10 : ₺0.61 (As of Mar. 2024)


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What is Polisan Holding AS 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.

Polisan Holding AS's adjusted earnings per share data for the three months ended in Mar. 2024 was ₺0.246. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺0.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Polisan Holding AS's average E10 Growth Rate was 27.10% 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 (2024-06-10), Polisan Holding AS's current stock price is ₺13.29. Polisan Holding AS's E10 for the quarter that ended in Mar. 2024 was ₺0.61. Polisan Holding AS's Shiller PE Ratio of today is 21.79.

During the past 13 years, the highest Shiller PE Ratio of Polisan Holding AS was 57.28. The lowest was 13.84. And the median was 21.87.


Polisan Holding AS E10 Historical Data

The historical data trend for Polisan Holding AS'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.

Polisan Holding AS E10 Chart

Polisan Holding AS 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 - - 0.19 0.48 0.58

Polisan Holding AS 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 0.48 0.49 0.53 0.58 0.61

Competitive Comparison of Polisan Holding AS's E10

For the Specialty Chemicals subindustry, Polisan Holding AS'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.


Polisan Holding AS's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polisan Holding AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Polisan Holding AS's Shiller PE Ratio falls into.



Polisan Holding AS 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, Polisan Holding AS'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)
=0.246/131.7762*131.7762
=0.246

Current CPI (Mar. 2024) = 131.7762.

Polisan Holding AS Quarterly Data

per share eps CPI Adj_EPS
201406 0.015 100.560 0.020
201409 -0.001 100.428 -0.001
201412 0.042 99.070 0.056
201503 -0.001 99.621 -0.001
201506 0.012 100.684 0.016
201509 -0.026 100.392 -0.034
201512 0.059 99.792 0.078
201603 0.013 100.470 0.017
201606 0.043 101.688 0.056
201609 0.001 101.861 0.001
201612 0.575 101.863 0.744
201703 0.021 102.862 0.027
201706 0.032 103.349 0.041
201709 0.022 104.136 0.028
201712 0.054 104.011 0.068
201803 0.051 105.290 0.064
201806 0.066 106.317 0.082
201809 -0.050 106.507 -0.062
201812 0.004 105.998 0.005
201903 -0.026 107.251 -0.032
201906 0.035 108.070 0.043
201909 0.047 108.329 0.057
201912 0.029 108.420 0.035
202003 0.011 108.902 0.013
202006 0.029 108.767 0.035
202009 0.022 109.815 0.026
202012 0.105 109.897 0.126
202103 0.051 111.754 0.060
202106 0.054 114.631 0.062
202109 0.060 115.734 0.068
202112 0.204 117.630 0.229
202203 0.173 121.301 0.188
202206 0.245 125.017 0.258
202209 0.173 125.227 0.182
202212 2.285 125.222 2.405
202303 -0.075 127.348 -0.078
202306 0.121 128.729 0.124
202309 0.403 129.860 0.409
202312 0.446 129.419 0.454
202403 0.246 131.776 0.246

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


Polisan Holding AS  (IST:POLHO) 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.

Polisan Holding AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.29/0.61
=21.79

* 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 Polisan Holding AS was 57.28. The lowest was 13.84. And the median was 21.87.


Be Aware

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


Polisan Holding AS E10 Related Terms

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


Polisan Holding AS (IST:POLHO) Business Description

Traded in Other Exchanges
N/A
Address
Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR
Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.

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