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DHL Group (BSE:DPW) E10 : lei14.35 (As of Dec. 2023)


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What is DHL Group 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.

DHL Group's adjusted earnings per share data for the three months ended in Dec. 2023 was lei4.045. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is lei14.35 for the trailing ten years ended in Dec. 2023.

During the past 12 months, DHL Group's average E10 Growth Rate was 7.30% per year. During the past 3 years, the average E10 Growth Rate was 16.40% per year. During the past 5 years, the average E10 Growth Rate was 12.40% 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 DHL Group was 16.40% per year. The lowest was -29.10% per year. And the median was 4.70% per year.

As of today (2024-06-06), DHL Group's current stock price is lei195.45. DHL Group's E10 for the quarter that ended in Dec. 2023 was lei14.35. DHL Group's Shiller PE Ratio of today is 13.62.

During the past 13 years, the highest Shiller PE Ratio of DHL Group was 30.75. The lowest was 4.38. And the median was 17.05.


DHL Group E10 Historical Data

The historical data trend for DHL Group'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.

DHL Group E10 Chart

DHL Group 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 8.60 8.95 10.43 11.10 14.35

DHL Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.10 12.74 13.69 14.18 14.35

Competitive Comparison of DHL Group's E10

For the Integrated Freight & Logistics subindustry, DHL Group'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.


DHL Group's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DHL Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where DHL Group's Shiller PE Ratio falls into.



DHL Group 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, DHL Group's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.045/123.7729*123.7729
=4.045

Current CPI (Dec. 2023) = 123.7729.

DHL Group Quarterly Data

per share eps CPI Adj_EPS
201403 2.533 99.543 3.150
201406 2.302 99.543 2.862
201409 2.183 99.823 2.707
201412 2.823 99.543 3.510
201503 1.933 99.717 2.399
201506 1.336 100.417 1.647
201509 0.206 100.417 0.254
201512 2.644 99.717 3.282
201603 2.600 100.017 3.218
201606 2.212 100.717 2.718
201609 2.518 101.017 3.085
201612 3.236 101.217 3.957
201703 2.498 101.417 3.049
201706 2.521 102.117 3.056
201709 2.783 102.717 3.353
201712 3.468 102.617 4.183
201803 2.710 102.917 3.259
201806 2.193 104.017 2.610
201809 0.641 104.718 0.758
201812 3.386 104.217 4.021
201903 3.104 104.217 3.686
201906 1.863 105.718 2.181
201909 2.269 106.018 2.649
201912 3.460 105.818 4.047
202003 1.214 105.718 1.421
202006 2.189 106.618 2.541
202009 3.614 105.818 4.227
202012 5.738 105.518 6.731
202103 5.124 107.518 5.899
202106 5.627 108.486 6.420
202109 4.687 109.435 5.301
202112 6.105 110.384 6.846
202203 5.446 113.968 5.915
202206 5.663 115.760 6.055
202209 4.488 118.818 4.675
202212 5.287 119.345 5.483
202303 3.677 122.402 3.718
202306 3.969 123.140 3.989
202309 3.323 124.195 3.312
202312 4.045 123.773 4.045

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


DHL Group  (BSE:DPW) 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.

DHL Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=195.45/14.35
=13.62

* 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 DHL Group was 30.75. The lowest was 4.38. And the median was 17.05.


Be Aware

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


DHL Group E10 Related Terms

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


DHL Group (BSE:DPW) Business Description

Address
Platz der Deutschen Post, Bonn, NW, DEU, 53250
Based in Germany, DHL Group ranks among the largest parcel-shipping and third-party logistics providers globally. Its DHL divisions (international express shipping, air and ocean freight forwarding, contract logistics, and e-commerce solutions) generated 83% of revenue in 2022. Roughly 17% of revenue comes from the Post and Parcel Germany division, which includes the legacy postal business and the German small-package delivery business.

DHL Group (BSE:DPW) Headlines

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