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Interactive Brokers Group (Interactive Brokers Group) E10 : $2.80 (As of Mar. 2024)


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What is Interactive Brokers Group 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.

Interactive Brokers Group's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Interactive Brokers Group's average E10 Growth Rate was 24.40% per year. During the past 3 years, the average E10 Growth Rate was 136.00% 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 Interactive Brokers Group was 136.00% per year. The lowest was -12.00% per year. And the median was -2.30% per year.

As of today (2024-05-22), Interactive Brokers Group's current stock price is $126.60. Interactive Brokers Group's E10 for the quarter that ended in Mar. 2024 was $2.80. Interactive Brokers Group's Shiller PE Ratio of today is 45.21.

During the past 13 years, the highest Shiller PE Ratio of Interactive Brokers Group was 394.40. The lowest was 28.55. And the median was 38.72.


Interactive Brokers Group E10 Historical Data

The historical data trend for Interactive Brokers Group'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.

Interactive Brokers Group E10 Chart

Interactive Brokers Group 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 -0.77 0.20 1.72 2.09 2.63

Interactive Brokers Group 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 2.25 2.37 2.50 2.63 2.80

Competitive Comparison of Interactive Brokers Group's E10

For the Capital Markets subindustry, Interactive Brokers Group'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.


Interactive Brokers Group's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Interactive Brokers Group's Shiller PE Ratio falls into.



Interactive Brokers Group 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, Interactive Brokers Group'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)
=1.61/131.7762*131.7762
=1.610

Current CPI (Mar. 2024) = 131.7762.

Interactive Brokers Group Quarterly Data

per share eps CPI Adj_EPS
201406 0.260 100.560 0.341
201409 0.050 100.428 0.066
201412 0.120 99.070 0.160
201503 -0.220 99.621 -0.291
201506 0.370 100.684 0.484
201509 0.350 100.392 0.459
201512 0.250 99.792 0.330
201603 0.510 100.470 0.669
201606 0.400 101.688 0.518
201609 0.300 101.861 0.388
201612 0.070 101.863 0.091
201703 0.340 102.862 0.436
201706 0.320 103.349 0.408
201709 0.430 104.136 0.544
201712 -0.020 104.011 -0.025
201803 0.630 105.290 0.788
201806 0.570 106.317 0.706
201809 0.510 106.507 0.631
201812 0.570 105.998 0.709
201903 0.640 107.251 0.786
201906 0.430 108.070 0.524
201909 0.450 108.329 0.547
201912 0.570 108.420 0.693
202003 0.600 108.902 0.726
202006 0.400 108.767 0.485
202009 0.580 109.815 0.696
202012 0.810 109.897 0.971
202103 1.160 111.754 1.368
202106 1.000 114.631 1.150
202109 0.430 115.734 0.490
202112 0.670 117.630 0.751
202203 0.740 121.301 0.804
202206 0.720 125.017 0.759
202209 0.970 125.227 1.021
202212 1.310 125.222 1.379
202303 1.420 127.348 1.469
202306 1.200 128.729 1.228
202309 1.560 129.860 1.583
202312 1.480 129.419 1.507
202403 1.610 131.776 1.610

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


Interactive Brokers Group  (NAS:IBKR) 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.

Interactive Brokers Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=126.60/2.8
=45.21

* 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 Interactive Brokers Group was 394.40. The lowest was 28.55. And the median was 38.72.


Be Aware

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


Interactive Brokers Group E10 Related Terms

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


Interactive Brokers Group (Interactive Brokers Group) Business Description

Traded in Other Exchanges
Address
One Pickwick Plaza, Greenwich, CT, USA, 06830
Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.
Executives
Thomas Aj Frank officer: Exec V.P & Chief Info Officer ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul Jonathan Brody director, CFO, Treasurer & Secretary ONE PICKWICK PLAZA, GREENWICH CT 06830
Philip Uhde director, other: See Remarks 63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
Thomas Peterffy director, officer: Chairman, CEO & President ONE PICKWICK PLAZA, GREENWICH CT 06830
Jill Bright director 1334 YORK AVENUE, NEW YORK NY 10021
Denis Mendonca officer: Chief Accounting Officer ONE PICKWICK PLAZA, GREENWICH CT 06830
Earl H Nemser director, Vice Chairman ONE PICKWICK PLAZA, GREENWICH CT 06830
Nicole Yuen director ONE PICKWICK PLAZA, GREENWICH CT 06830
William Peterffy director ONE PICKWICK PLAZA, GREENWICH CT 06830
Echinus Advisors, Llc director, other: See Remarks 63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
John M. Damgard director ONE PICKWICK PLAZA, GREENWICH CT 06830
Milan Galik director, officer: Sr. V.P. Software Development ONE PICKWICK PLAZA, GREENWICH CT 06830
Kenneth James Winston director 870 S SAN RAFAEL AVE, PASADENA CA 91105
Gary Katz director ONE PICKWICK PLAZA, GREENWICH CT 06830
Wayne Hilbert Wagner director 4337 CITY DRIVE, PENTHOUSE 43, MARINA DEL REY CA 90292