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Keppel Philippines Holdings (PHS:KPH) E10 : ₱1.70 (As of Mar. 2024)


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What is Keppel Philippines Holdings 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.

Keppel Philippines Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱8.708. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱1.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Keppel Philippines Holdings's average E10 Growth Rate was 112.50% per year. During the past 3 years, the average E10 Growth Rate was -5.10% 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 Keppel Philippines Holdings was -5.00% per year. The lowest was -5.10% per year. And the median was -5.05% per year.

As of today (2024-05-26), Keppel Philippines Holdings's current stock price is ₱22.95. Keppel Philippines Holdings's E10 for the quarter that ended in Mar. 2024 was ₱1.70. Keppel Philippines Holdings's Shiller PE Ratio of today is 13.50.

During the past 13 years, the highest Shiller PE Ratio of Keppel Philippines Holdings was 13.50. The lowest was 4.35. And the median was 6.00.


Keppel Philippines Holdings E10 Historical Data

The historical data trend for Keppel Philippines Holdings'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.

Keppel Philippines Holdings E10 Chart

Keppel Philippines Holdings 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 0.92 0.96 0.96 0.79 0.82

Keppel Philippines Holdings 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 0.80 0.81 0.82 0.82 1.70

Competitive Comparison of Keppel Philippines Holdings's E10

For the Real Estate Services subindustry, Keppel Philippines Holdings'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.


Keppel Philippines Holdings's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Keppel Philippines Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Keppel Philippines Holdings's Shiller PE Ratio falls into.



Keppel Philippines Holdings 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, Keppel Philippines Holdings'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)
=8.708/131.7762*131.7762
=8.708

Current CPI (Mar. 2024) = 131.7762.

Keppel Philippines Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.045 100.560 0.059
201409 0.042 100.428 0.055
201412 0.069 99.070 0.092
201503 0.059 99.621 0.078
201506 0.048 100.684 0.063
201509 0.057 100.392 0.075
201512 0.054 99.792 0.071
201603 0.047 100.470 0.062
201606 0.045 101.688 0.058
201609 0.044 101.861 0.057
201612 0.092 101.863 0.119
201703 0.043 102.862 0.055
201706 0.305 103.349 0.389
201709 0.323 104.136 0.409
201712 0.104 104.011 0.132
201803 0.023 105.290 0.029
201806 0.018 106.317 0.022
201809 0.033 106.507 0.041
201812 0.017 105.998 0.021
201903 0.107 107.251 0.131
201906 0.130 108.070 0.159
201909 0.045 108.329 0.055
201912 0.035 108.420 0.043
202003 0.104 108.902 0.126
202006 0.079 108.767 0.096
202009 0.077 109.815 0.092
202012 0.090 109.897 0.108
202103 -0.015 111.754 -0.018
202106 4.585 114.631 5.271
202109 0.012 115.734 0.014
202112 -0.030 117.630 -0.034
202203 0.001 121.301 0.001
202206 0.012 125.017 0.013
202209 0.026 125.227 0.027
202212 0.040 125.222 0.042
202303 0.054 127.348 0.056
202306 0.074 128.729 0.076
202309 0.087 129.860 0.088
202312 0.096 129.419 0.098
202403 8.708 131.776 8.708

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


Keppel Philippines Holdings  (PHS:KPH) 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.

Keppel Philippines Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.95/1.7
=13.50

* 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 Keppel Philippines Holdings was 13.50. The lowest was 4.35. And the median was 6.00.


Be Aware

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


Keppel Philippines Holdings E10 Related Terms

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


Keppel Philippines Holdings (PHS:KPH) Business Description

Traded in Other Exchanges
Address
Unit 3B, Country Space 1 Building, 133 Sen. Gil J Puyat Avenue, Salcedo Village, Barangay Bel-Air, Makati, PHL, 1200
Keppel Philippines Holdings Inc is an investment holding company, which engages in real estate business in the Philippines. It owns and leases office spaces, parcels of land and land improvements. The company generates maximum revenue from the real estate segment.

Keppel Philippines Holdings (PHS:KPH) Headlines

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