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FormFactor (FRA:FMF) E10 : €0.67 (As of Mar. 2024)


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What is FormFactor 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.

FormFactor's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.258. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FormFactor's average E10 Growth Rate was 60.00% 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 FormFactor was 66.20% per year. The lowest was -15.10% per year. And the median was -13.50% per year.

As of today (2024-06-10), FormFactor's current stock price is €49.00. FormFactor's E10 for the quarter that ended in Mar. 2024 was €0.67. FormFactor's Shiller PE Ratio of today is 73.13.

During the past 13 years, the highest Shiller PE Ratio of FormFactor was 1695.00. The lowest was 46.80. And the median was 77.38.


FormFactor E10 Historical Data

The historical data trend for FormFactor'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.

FormFactor E10 Chart

FormFactor 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 -0.51 -0.04 0.19 0.36 0.59

FormFactor 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 0.41 0.44 0.48 0.59 0.67

Competitive Comparison of FormFactor's E10

For the Semiconductors subindustry, FormFactor'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.


FormFactor's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



FormFactor 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, FormFactor'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)
=0.258/131.7762*131.7762
=0.258

Current CPI (Mar. 2024) = 131.7762.

FormFactor Quarterly Data

per share eps CPI Adj_EPS
201406 -0.059 100.560 -0.077
201409 -0.004 100.428 -0.005
201412 -0.024 99.070 -0.032
201503 0.009 99.621 0.012
201506 0.009 100.684 0.012
201509 -0.036 100.392 -0.047
201512 -0.009 99.792 -0.012
201603 -0.216 100.470 -0.283
201606 0.543 101.688 0.704
201609 -0.178 101.861 -0.230
201612 -0.209 101.863 -0.270
201703 0.065 102.862 0.083
201706 0.214 103.349 0.273
201709 0.143 104.136 0.181
201712 0.059 104.011 0.075
201803 0.024 105.290 0.030
201806 0.103 106.317 0.128
201809 0.086 106.507 0.106
201812 0.993 105.998 1.234
201903 0.062 107.251 0.076
201906 0.080 108.070 0.098
201909 0.100 108.329 0.122
201912 0.216 108.420 0.263
202003 0.181 108.902 0.219
202006 0.231 108.767 0.280
202009 0.246 109.815 0.295
202012 0.197 109.897 0.236
202103 0.210 111.754 0.248
202106 0.191 114.631 0.220
202109 0.221 115.734 0.252
202112 0.292 117.630 0.327
202203 0.345 121.301 0.375
202206 0.359 125.017 0.378
202209 0.061 125.227 0.064
202212 -0.170 125.222 -0.179
202303 0.019 127.348 0.020
202306 0.009 128.729 0.009
202309 0.056 129.860 0.057
202312 0.889 129.419 0.905
202403 0.258 131.776 0.258

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


FormFactor  (FRA:FMF) 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.

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

Shiller PE Ratio=Share Price/E10
=49.00/0.67
=73.13

* 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 FormFactor was 1695.00. The lowest was 46.80. And the median was 77.38.


Be Aware

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


FormFactor E10 Related Terms

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


FormFactor (FRA:FMF) Business Description

Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

FormFactor (FRA:FMF) Headlines