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Republic Services (FRA:RPU) E10 : €3.67 (As of Mar. 2024)


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What is Republic Services 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.

Republic Services's adjusted earnings per share data for the three months ended in Mar. 2024 was €1.325. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Republic Services's average E10 Growth Rate was 13.80% per year. During the past 3 years, the average E10 Growth Rate was 15.10% per year. During the past 5 years, the average E10 Growth Rate was 12.90% per year. During the past 10 years, the average E10 Growth Rate was 11.10% 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 Republic Services was 15.10% per year. The lowest was 3.50% per year. And the median was 7.60% per year.

As of today (2024-05-24), Republic Services's current stock price is €172.15. Republic Services's E10 for the quarter that ended in Mar. 2024 was €3.67. Republic Services's Shiller PE Ratio of today is 46.91.

During the past 13 years, the highest Shiller PE Ratio of Republic Services was 50.25. The lowest was 22.67. And the median was 38.31.


Republic Services E10 Historical Data

The historical data trend for Republic Services'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.

Republic Services E10 Chart

Republic Services 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 2.08 2.01 2.55 3.16 3.41

Republic Services 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 3.16 3.28 3.61 3.41 3.67

Competitive Comparison of Republic Services's E10

For the Waste Management subindustry, Republic Services'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.


Republic Services's Shiller PE Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Republic Services's Shiller PE Ratio distribution charts can be found below:

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



Republic Services 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, Republic Services'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)
=1.325/131.7762*131.7762
=1.325

Current CPI (Mar. 2024) = 131.7762.

Republic Services Quarterly Data

per share eps CPI Adj_EPS
201406 0.368 100.560 0.482
201409 0.404 100.428 0.530
201412 0.114 99.070 0.152
201503 0.453 99.621 0.599
201506 0.481 100.684 0.630
201509 0.544 100.392 0.714
201512 0.450 99.792 0.594
201603 0.404 100.470 0.530
201606 0.463 101.688 0.600
201609 0.223 101.861 0.288
201612 0.521 101.863 0.674
201703 0.514 102.862 0.658
201706 0.534 103.349 0.681
201709 0.554 104.136 0.701
201712 1.673 104.011 2.120
201803 0.584 105.290 0.731
201806 0.608 106.317 0.754
201809 0.694 106.507 0.859
201812 0.809 105.998 1.006
201903 0.637 107.251 0.783
201906 0.690 108.070 0.841
201909 0.844 108.329 1.027
201912 0.810 108.420 0.984
202003 0.697 108.902 0.843
202006 0.630 108.767 0.763
202009 0.688 109.815 0.826
202012 0.608 109.897 0.729
202103 0.781 111.754 0.921
202106 0.855 114.631 0.983
202109 0.935 115.734 1.065
202112 0.867 117.630 0.971
202203 1.008 121.301 1.095
202206 1.107 125.017 1.167
202209 1.333 125.227 1.403
202212 1.029 125.222 1.083
202303 1.130 127.348 1.169
202306 1.246 128.729 1.275
202309 1.424 129.860 1.445
202312 1.275 129.419 1.298
202403 1.325 131.776 1.325

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


Republic Services  (FRA:RPU) 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.

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

Shiller PE Ratio=Share Price/E10
=172.15/3.67
=46.91

* 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 Republic Services was 50.25. The lowest was 22.67. And the median was 38.31.


Be Aware

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


Republic Services E10 Related Terms

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


Republic Services (FRA:RPU) Business Description

Traded in Other Exchanges
Address
18500 North Allied Way, Phoenix, AZ, USA, 85054
Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 206 active landfills and 233 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

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