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Criteo (Criteo) E10 : $1.27 (As of Mar. 2024)


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What is Criteo 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.

Criteo's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Criteo's 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.

As of today (2024-06-04), Criteo's current stock price is $37.89. Criteo's E10 for the quarter that ended in Mar. 2024 was $1.27. Criteo's Shiller PE Ratio of today is 29.83.

During the past 13 years, the highest Shiller PE Ratio of Criteo was 38.11. The lowest was 19.33. And the median was 25.98.


Criteo E10 Historical Data

The historical data trend for Criteo'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.

Criteo E10 Chart

Criteo 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 - - 1.08 1.13 1.25

Criteo 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 1.13 1.15 1.16 1.25 1.27

Competitive Comparison of Criteo's E10

For the Advertising Agencies subindustry, Criteo'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.


Criteo's Shiller PE Ratio Distribution in the Media - Diversified Industry

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

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



Criteo 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, Criteo'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)
=0.12/119.4700*119.4700
=0.120

Current CPI (Mar. 2024) = 119.4700.

Criteo Quarterly Data

per share eps CPI Adj_EPS
201406 0.055 100.180 0.066
201409 0.228 99.920 0.273
201412 0.334 99.860 0.400
201503 0.200 100.170 0.239
201506 0.050 100.440 0.059
201509 0.080 99.950 0.096
201512 0.530 100.040 0.633
201603 0.260 100.020 0.311
201606 0.190 100.630 0.226
201609 0.210 100.340 0.250
201612 0.600 100.650 0.712
201703 0.180 101.170 0.213
201706 0.090 101.320 0.106
201709 0.290 101.330 0.342
201712 0.780 101.850 0.915
201803 0.290 102.750 0.337
201806 0.160 103.370 0.185
201809 0.250 103.560 0.288
201812 0.570 103.470 0.658
201903 0.290 103.890 0.333
201906 0.160 104.580 0.183
201909 0.280 104.500 0.320
201912 0.650 104.980 0.740
202003 0.250 104.590 0.286
202006 0.090 104.790 0.103
202009 0.090 104.550 0.103
202012 0.730 104.960 0.831
202103 0.350 105.750 0.395
202106 0.230 106.340 0.258
202109 0.370 106.810 0.414
202112 1.150 107.850 1.274
202203 0.320 110.490 0.346
202206 -0.560 112.550 -0.594
202209 0.100 112.740 0.106
202212 0.250 114.160 0.262
202303 -0.210 116.790 -0.215
202306 -0.050 117.650 -0.051
202309 0.120 118.260 0.121
202312 1.020 118.390 1.029
202403 0.120 119.470 0.120

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


Criteo  (NAS:CRTO) 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.

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

Shiller PE Ratio=Share Price/E10
=37.89/1.27
=29.83

* 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 Criteo was 38.11. The lowest was 19.33. And the median was 25.98.


Be Aware

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


Criteo E10 Related Terms

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


Criteo (Criteo) Business Description

Traded in Other Exchanges
Address
32 Rue Blanche, Paris, FRA, 75009
Headquartered in Paris, Criteo is one of the leading ad-tech companies in the digital advertising market. Its technology, allows retailer advertisers to launch multichannel and cross-device marketing campaigns in real time. With real-time return on investment analysis of the ads, the firm's clients can adjust their marketing strategies dynamically. The firm also provides technology allowing retailers to effectively manage their ad inventories and improve yield optimization.
Executives
Megan Clarken officer: Chief Executive Officer C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Ryan Damon other: EVP, Gen. Counsel & Secretary C/O CRITEO, 32 RUE BLANCHE, PARIS I0 75009
Sarah Js Glickman officer: Chief Financial Officer 60 BINNEY STREET, C/O BLUEBIRD BIO, INC., CAMBRIDGE MA 02142
Van Der Kooi Frederik director C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Marie Lalleman director C/O CRITEO, 32 RUE BLANCHE, PARIS I0 75009
Nathalie Balla director C/O CRITEO, 32 RUE BLANCHE, PARIS I0 75009
Rachel Picard director C/O CRITEO, 32 RUE BLANCHE, PARIS I0 75009
James Warner director 135 WEST 18TH STREET, 5TH FLOOR, NEW YORK NY 10011
Edmond Mesrobian director 10 S ALMADEN BLVD, 16TH FLOOR, SAN JOSE CA 95113
Jean-baptiste Rudelle director, officer: Executive Chairman C/O CRITEO S.A., 32 RUE BLANCHE, PARIS I0 75009
David J Anderson officer: Interim CFO C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Dan Teodosiu officer: Chief Technology Officer C/O CRITEO, 32 RUE BLANCHE, PARIS I0 75009
Mary Spilman officer: Chief Revenue Officer C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Eric Eichmann director, officer: Chief Executive Officer C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 11TH FLOOR, NEW YORK NY 10016
Pesquidoux Hubert De director TEKELEC, 5200 PARAMOUNT PARKWAY, MORRISVILLE NC 27560