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GoPro (BSP:GPRO34) E10 : R$-2.97 (As of Mar. 2024)


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What is GoPro 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.

GoPro's adjusted earnings per share data for the three months ended in Mar. 2024 was R$-11.155. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-2.97 for the trailing ten years ended in Mar. 2024.

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 (2024-06-01), GoPro's current stock price is R$8.00. GoPro's E10 for the quarter that ended in Mar. 2024 was R$-2.97. GoPro's Shiller PE Ratio of today is .


GoPro E10 Historical Data

The historical data trend for GoPro'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.

GoPro E10 Chart

GoPro 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 - - - -1.31 -1.70

GoPro 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 -1.59 -1.46 -1.57 -1.70 -2.97

Competitive Comparison of GoPro's E10

For the Consumer Electronics subindustry, GoPro'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.


GoPro's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GoPro's Shiller PE Ratio distribution charts can be found below:

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



GoPro 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, GoPro'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)
=-11.155/131.7762*131.7762
=-11.155

Current CPI (Mar. 2024) = 131.7762.

GoPro Quarterly Data

per share eps CPI Adj_EPS
201406 -0.537 100.560 -0.704
201409 0.234 100.428 0.307
201412 2.193 99.070 2.917
201503 0.346 99.621 0.458
201506 0.747 100.684 0.978
201509 0.507 100.392 0.665
201512 -0.970 99.792 -1.281
201603 -2.884 100.470 -3.783
201606 -2.259 101.688 -2.927
201609 -2.407 101.861 -3.114
201612 -2.784 101.863 -3.602
201703 -2.439 102.862 -3.125
201706 -0.725 103.349 -0.924
201709 0.313 104.136 0.396
201712 -1.351 104.011 -1.712
201803 -1.803 105.290 -2.257
201806 -1.018 106.317 -1.262
201809 -0.781 106.507 -0.966
201812 0.854 105.998 1.062
201903 -0.653 107.251 -0.802
201906 -0.308 108.070 -0.376
201909 -2.101 108.329 -2.556
201912 2.668 108.420 3.243
202003 -2.101 108.902 -2.542
202006 -1.764 108.767 -2.137
202009 0.108 109.815 0.130
202012 1.441 109.897 1.728
202103 -0.394 111.754 -0.465
202106 0.503 114.631 0.578
202109 10.136 115.734 11.541
202112 1.810 117.630 2.028
202203 0.199 121.301 0.216
202206 0.101 125.017 0.106
202209 0.524 125.227 0.551
202212 0.105 125.222 0.110
202303 -0.990 127.348 -1.024
202306 -0.534 128.729 -0.547
202309 -0.099 129.860 -0.100
202312 -0.098 129.419 -0.100
202403 -11.155 131.776 -11.155

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


GoPro  (BSP:GPRO34) 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.


GoPro E10 Related Terms

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


GoPro (BSP:GPRO34) Business Description

Address
3025 Clearview Way, San Mateo, CA, USA, 94402
GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

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