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Amplifon SpA (MIL:AMP) E10 : €0.53 (As of Dec. 2023)


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What is Amplifon SpA 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.

Amplifon SpA's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.229. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.53 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Amplifon SpA's average E10 Growth Rate was 15.20% per year. During the past 3 years, the average E10 Growth Rate was 20.90% per year. During the past 5 years, the average E10 Growth Rate was 17.50% 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 Amplifon SpA was 20.90% per year. The lowest was -22.30% per year. And the median was 16.25% per year.

As of today (2024-05-26), Amplifon SpA's current stock price is €33.87. Amplifon SpA's E10 for the quarter that ended in Dec. 2023 was €0.53. Amplifon SpA's Shiller PE Ratio of today is 63.91.

During the past 13 years, the highest Shiller PE Ratio of Amplifon SpA was 139.56. The lowest was 20.09. And the median was 77.37.


Amplifon SpA E10 Historical Data

The historical data trend for Amplifon SpA'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.

Amplifon SpA E10 Chart

Amplifon SpA 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 0.28 0.30 0.36 0.46 0.53

Amplifon SpA 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 0.46 0.48 0.50 0.52 0.53

Competitive Comparison of Amplifon SpA's E10

For the Medical Distribution subindustry, Amplifon SpA'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.


Amplifon SpA's Shiller PE Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Shiller PE Ratio distribution charts can be found below:

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



Amplifon SpA 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, Amplifon SpA'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)
=0.229/119.7000*119.7000
=0.229

Current CPI (Dec. 2023) = 119.7000.

Amplifon SpA Quarterly Data

per share eps CPI Adj_EPS
201403 0.045 99.907 0.054
201406 0.056 100.093 0.067
201409 0.016 99.814 0.019
201412 0.091 99.721 0.109
201503 0.016 99.814 0.019
201506 0.067 100.279 0.080
201509 0.030 100.000 0.036
201512 0.095 99.814 0.114
201603 0.038 99.600 0.046
201606 0.093 99.900 0.111
201609 0.043 100.100 0.051
201612 0.108 100.300 0.129
201703 0.057 101.000 0.068
201706 0.115 101.100 0.136
201709 0.045 101.200 0.053
201712 0.234 101.200 0.277
201803 0.065 101.800 0.076
201806 0.148 102.400 0.173
201809 0.047 102.600 0.055
201812 0.194 102.300 0.227
201903 0.079 102.800 0.092
201906 0.163 103.100 0.189
201909 0.031 102.900 0.036
201912 0.211 102.800 0.246
202003 0.023 102.900 0.027
202006 0.033 102.900 0.038
202009 0.126 102.300 0.147
202012 0.264 102.600 0.308
202103 0.102 103.700 0.118
202106 0.237 104.200 0.272
202109 0.104 104.900 0.119
202112 0.251 106.600 0.282
202203 0.135 110.400 0.146
202206 0.245 112.500 0.261
202209 0.130 114.200 0.136
202212 0.278 119.000 0.280
202303 0.130 118.800 0.131
202306 0.230 119.700 0.230
202309 0.099 120.300 0.099
202312 0.229 119.700 0.229

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


Amplifon SpA  (MIL:AMP) 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.

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

Shiller PE Ratio=Share Price/E10
=33.87/0.53
=63.91

* 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 Amplifon SpA was 139.56. The lowest was 20.09. And the median was 77.37.


Be Aware

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


Amplifon SpA E10 Related Terms

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


Amplifon SpA (MIL:AMP) Business Description

Traded in Other Exchanges
Address
Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. Amplifon operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. Amplifon operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear. The majority of Amplifon's direct points of sale are in Italy.