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Edison Spa (MIL:EDNR) E10 : €-0.03 (As of Mar. 2024)


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What is Edison Spa 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.

Edison Spa's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.068. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.03 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 26.30% per year. During the past 5 years, the average E10 Growth Rate was 14.60% 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 Edison Spa was 75.50% per year. The lowest was 9.10% per year. And the median was 21.00% per year.

As of today (2024-06-09), Edison Spa's current stock price is €1.55. Edison Spa's E10 for the quarter that ended in Mar. 2024 was €-0.03. Edison Spa's Shiller PE Ratio of today is .


Edison Spa E10 Historical Data

The historical data trend for Edison Spa'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.

Edison Spa E10 Chart

Edison Spa 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 -0.05 -0.05 -0.03 -0.03 -0.02

Edison Spa 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 -0.02 -0.03 -0.02 -0.02 -0.03

Competitive Comparison of Edison Spa's E10

For the Utilities - Regulated Electric subindustry, Edison Spa'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.


Edison Spa's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Edison Spa's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Edison Spa's Shiller PE Ratio falls into.



Edison Spa 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, Edison Spa'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)
=0.068/120.2000*120.2000
=0.068

Current CPI (Mar. 2024) = 120.2000.

Edison Spa Quarterly Data

per share eps CPI Adj_EPS
201406 -0.164 100.093 -0.197
201409 0.012 99.814 0.014
201412 -0.026 99.721 -0.031
201503 -0.030 99.814 -0.036
201506 -0.011 100.279 -0.013
201509 -0.005 100.000 -0.006
201512 -0.145 99.814 -0.175
201603 -0.015 99.600 -0.018
201606 0.002 99.900 0.002
201609 -0.007 100.100 -0.008
201612 -0.054 100.300 -0.065
201703 -0.004 101.000 -0.005
201706 -0.023 101.100 -0.027
201709 0.006 101.200 0.007
201712 -0.012 101.200 -0.014
201803 0.008 101.800 0.009
201806 0.004 102.400 0.005
201809 0.005 102.600 0.006
201812 -0.006 102.300 -0.007
201903 0.015 102.800 0.018
201906 -0.089 103.100 -0.104
201909 0.005 102.900 0.006
201912 -0.012 102.800 -0.014
202003 -0.002 102.900 -0.002
202006 -0.010 102.900 -0.012
202009 -0.002 102.300 -0.002
202012 0.018 102.600 0.021
202103 0.021 103.700 0.024
202106 0.047 104.200 0.054
202109 0.024 104.900 0.028
202112 -0.005 106.600 -0.006
202203 0.006 110.400 0.007
202206 0.037 112.500 0.040
202209 0.014 114.200 0.015
202212 -0.024 119.000 -0.024
202303 0.061 118.800 0.062
202306 -0.021 119.700 -0.021
202309 0.063 120.300 0.063
202312 0.006 119.700 0.006
202403 0.068 120.200 0.068

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


Edison Spa  (MIL:EDNR) 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.


Be Aware

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


Edison Spa E10 Related Terms

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


Edison Spa (MIL:EDNR) Business Description

Traded in Other Exchanges
Address
Foro Buonaparte, 31, Milano, ITA, 20121
Edison Spa is an Italian energy operator. It is principally engaged in procurement, production, and sale and supplying electricity, gas and energy, and environmental services to families and businesses. The company operates through three segments namely Electric Power Operations which produces electricity through hydroelectric, wind power, solar and biomass resources; the Hydrocarbons Operations which are engaged in the procurement and sale of natural gas; and Corporate Activities and Other are involved in managing and administering the company's affairs. It generates maximum revenue from the Hydrocarbons Operations segment.

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