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Yelp (BUE:YELP) E10 : ARS321.97 (As of Mar. 2024)


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What is Yelp 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.

Yelp's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS168.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS321.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yelp's average E10 Growth Rate was 46.30% per year. During the past 3 years, the average E10 Growth Rate was 62.70% 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 Yelp was 62.70% per year. The lowest was 62.70% per year. And the median was 62.70% per year.

As of today (2024-06-09), Yelp's current stock price is ARS22636.50. Yelp's E10 for the quarter that ended in Mar. 2024 was ARS321.97. Yelp's Shiller PE Ratio of today is 70.31.

During the past 13 years, the highest Shiller PE Ratio of Yelp was 380.67. The lowest was 60.63. And the median was 104.37.


Yelp E10 Historical Data

The historical data trend for Yelp'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.

Yelp E10 Chart

Yelp 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 - 8.75 26.09 64.01 266.83

Yelp 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 81.33 107.32 213.20 266.83 321.97

Competitive Comparison of Yelp's E10

For the Internet Content & Information subindustry, Yelp'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.


Yelp's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Yelp's Shiller PE Ratio distribution charts can be found below:

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



Yelp 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, Yelp'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)
=168.5/131.7762*131.7762
=168.500

Current CPI (Mar. 2024) = 131.7762.

Yelp Quarterly Data

per share eps CPI Adj_EPS
201406 0.325 100.560 0.426
201409 0.421 100.428 0.552
201412 3.591 99.070 4.777
201503 -0.176 99.621 -0.233
201506 -0.182 100.684 -0.238
201509 -1.034 100.392 -1.357
201512 -3.753 99.792 -4.956
201603 -2.921 100.470 -3.831
201606 0.140 101.688 0.181
201609 0.298 101.861 0.386
201612 1.585 101.863 2.050
201703 -0.771 102.862 -0.988
201706 1.484 103.349 1.892
201709 1.577 104.136 1.996
201712 30.552 104.011 38.708
201803 -0.604 105.290 -0.756
201806 2.993 106.317 3.710
201809 6.256 106.507 7.740
201812 13.951 105.998 17.344
201903 0.782 107.251 0.961
201906 7.149 108.070 8.717
201909 7.830 108.329 9.525
201912 14.346 108.420 17.436
202003 -13.655 108.902 -16.523
202006 -22.592 108.767 -27.371
202009 -0.742 109.815 -0.890
202012 21.973 109.897 26.348
202103 -7.206 111.754 -8.497
202106 4.737 114.631 5.445
202109 22.489 115.734 25.606
202112 30.297 117.630 33.941
202203 -1.074 121.301 -1.167
202206 13.236 125.017 13.952
202209 18.063 125.227 19.008
202212 46.942 125.222 49.399
202303 -3.951 127.348 -4.088
202306 50.400 128.729 51.593
202309 276.461 129.860 280.542
202312 133.570 129.419 136.002
202403 168.500 131.776 168.500

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


Yelp  (BUE:YELP) 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.

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

Shiller PE Ratio=Share Price/E10
=22636.50/321.97
=70.31

* 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 Yelp was 380.67. The lowest was 60.63. And the median was 104.37.


Be Aware

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


Yelp E10 Related Terms

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


Yelp (BUE:YELP) Business Description

Traded in Other Exchanges
Address
350 Mission Street, 10th Floor, San Francisco, CA, USA, 94105
Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States.