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Liberty Broadband (Liberty Broadband) E10 : $3.99 (As of Dec. 2023)


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What is Liberty Broadband 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.

Liberty Broadband's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.99 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Liberty Broadband's average E10 Growth Rate was 19.10% 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.

As of today (2024-04-27), Liberty Broadband's current stock price is $49.25. Liberty Broadband's E10 for the quarter that ended in Dec. 2023 was $3.99. Liberty Broadband's Shiller PE Ratio of today is 12.34.

During the past 13 years, the highest Shiller PE Ratio of Liberty Broadband was 38.46. The lowest was 12.18. And the median was 23.25.


Liberty Broadband E10 Historical Data

The historical data trend for Liberty Broadband'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.

Liberty Broadband E10 Chart

Liberty Broadband 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 - - - 3.37 3.99

Liberty Broadband Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.37 3.42 3.66 3.88 3.99

Competitive Comparison of Liberty Broadband's E10

For the Telecom Services subindustry, Liberty Broadband'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.


Liberty Broadband's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Liberty Broadband's Shiller PE Ratio distribution charts can be found below:

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



Liberty Broadband 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, Liberty Broadband's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.39/129.4194*129.4194
=1.390

Current CPI (Dec. 2023) = 129.4194.

Liberty Broadband Quarterly Data

per share eps CPI Adj_EPS
201403 -0.645 99.695 -0.837
201406 0.021 100.560 0.027
201409 -0.368 100.428 -0.474
201412 -0.546 99.070 -0.713
201503 0.050 99.621 0.065
201506 -0.080 100.684 -0.103
201509 -0.190 100.392 -0.245
201512 -0.280 99.792 -0.363
201603 -0.220 100.470 -0.283
201606 6.280 101.688 7.993
201609 0.020 101.861 0.025
201612 -0.100 101.863 -0.127
201703 -0.080 102.862 -0.101
201706 -0.020 103.349 -0.025
201709 -0.050 104.136 -0.062
201712 11.250 104.011 13.998
201803 -0.080 105.290 -0.098
201806 0.060 106.317 0.073
201809 0.330 106.507 0.401
201812 0.080 105.998 0.098
201903 -0.080 107.251 -0.097
201906 0.070 108.070 0.084
201909 0.150 108.329 0.179
201912 0.500 108.420 0.597
202003 -0.040 108.902 -0.048
202006 0.390 108.767 0.464
202009 0.380 109.815 0.448
202012 1.440 109.897 1.696
202103 0.270 111.754 0.313
202106 0.300 114.631 0.339
202109 1.290 115.734 1.443
202112 2.110 117.630 2.321
202203 1.770 121.301 1.888
202206 2.870 125.017 2.971
202209 2.050 125.227 2.119
202212 1.260 125.222 1.302
202303 0.470 127.348 0.478
202306 1.710 128.729 1.719
202309 1.100 129.860 1.096
202312 1.390 129.419 1.390

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


Liberty Broadband  (NAS:LBRDK) 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.

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

Shiller PE Ratio=Share Price/E10
=49.25/3.99
=12.34

* 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 Liberty Broadband was 38.46. The lowest was 12.18. And the median was 23.25.


Be Aware

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


Liberty Broadband E10 Related Terms

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


Liberty Broadband (Liberty Broadband) Business Description

Address
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Liberty Broadband Corp serves in the telecommunications industry in the United States. It provides cable services to both residential and small to medium businesses through its fiber, hybrid fiber, and coaxial cable infrastructure. The services provided by the company are residential services which include video services, internet services, voice services, and mobile services, commercial services which include small, and medium business and enterprise solutions, advertising services, and other services which include security and home management. The reportable segments of the company are GCI Holdings, Charter. The firm derives the majority of its revenue from GCI Holdings.
Executives
Sue Ann Hamilton director 12405 POWERSCOURT DRIVE, ST. LOUIS MO 63131
Gregg L Engles director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Julie D. Frist director 810 JACKSON BLVD., NASHVILLE TN 37205
Renee L Wilm officer: Chief Legal Officer 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
John C Malone director, 10 percent owner 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Brian J Wendling officer: SVP/Controller/PFO 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Mark D Carleton officer: Chief Financial Officer 12300 LIBERTY BLVD., ENGLEWOOD CO 80112
J David Wargo director C/O WARGO & CO, 712 FIFTH AVENUE 41ST FLOOR, NEW YORK NY 10019
Donne F Fisher director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Welsh John E Iii director AVALON CAPITAL PARTNERS, 181 MAIN ST, COLD SPRING HARBOR NY 11724
Richard R Green director 1550 WEWATTA STREET, STE 1000, DENVER CO 80202
Gregory B Maffei director, officer: President/CEO 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Liberty Media Corp 10 percent owner 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Albert E Rosenthaler officer: Senior Vice President 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Christopher W Shean officer: Senior Vice President/CFO 12300 LIBERTY BLVD., ENGLEWOOD CO 80116