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Restaurant Brands International (STU:0R6) E10 : €1.94 (As of Mar. 2024)


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What is Restaurant Brands International 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.

Restaurant Brands International's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.662. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.94 for the trailing ten years ended in Mar. 2024.

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 (2024-05-14), Restaurant Brands International's current stock price is €66.88. Restaurant Brands International's E10 for the quarter that ended in Mar. 2024 was €1.94. Restaurant Brands International's Shiller PE Ratio of today is 34.47.

During the past 12 years, the highest Shiller PE Ratio of Restaurant Brands International was 39.96. The lowest was 32.42. And the median was 36.93.


Restaurant Brands International E10 Historical Data

The historical data trend for Restaurant Brands International'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.

Restaurant Brands International E10 Chart

Restaurant Brands International 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 - - - - 1.90

Restaurant Brands International 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 - 1.78 1.88 1.90 1.94

Competitive Comparison of Restaurant Brands International's E10

For the Restaurants subindustry, Restaurant Brands International'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.


Restaurant Brands International's Shiller PE Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Shiller PE Ratio falls into.



Restaurant Brands International 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, Restaurant Brands International'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)
=0.662/125.4675*125.4675
=0.662

Current CPI (Mar. 2024) = 125.4675.

Restaurant Brands International Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 99.473 0.000
201409 -0.090 99.394 -0.114
201412 -2.044 98.367 -2.607
201503 -0.037 99.789 -0.047
201506 0.045 100.500 0.056
201509 0.214 100.421 0.267
201512 0.230 99.947 0.289
201603 0.189 101.054 0.235
201606 0.338 102.002 0.416
201609 0.321 101.765 0.396
201612 0.474 101.449 0.586
201703 0.196 102.634 0.240
201706 0.329 103.029 0.401
201709 0.310 103.345 0.376
201712 1.344 103.345 1.632
201803 0.478 105.004 0.571
201806 0.565 105.557 0.672
201809 0.454 105.636 0.539
201812 0.563 105.399 0.670
201903 0.469 106.979 0.550
201906 0.487 107.690 0.567
201909 0.681 107.611 0.794
201912 0.486 107.769 0.566
202003 0.434 107.927 0.505
202006 0.311 108.401 0.360
202009 0.399 108.164 0.463
202012 0.247 108.559 0.285
202103 0.487 110.298 0.554
202106 0.697 111.720 0.783
202109 0.595 112.905 0.661
202112 0.504 113.774 0.556
202203 0.536 117.646 0.572
202206 0.719 120.806 0.747
202209 1.182 120.648 1.229
202212 0.699 120.964 0.725
202303 0.570 122.702 0.583
202306 0.711 124.203 0.718
202309 0.740 125.230 0.741
202312 1.467 125.468 1.467
202403 0.662 125.468 0.662

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


Restaurant Brands International  (STU:0R6) 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.

Restaurant Brands International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=66.88/1.94
=34.47

* 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 12 years, the highest Shiller P/E Ratio of Restaurant Brands International was 39.96. The lowest was 32.42. And the median was 36.93.


Be Aware

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


Restaurant Brands International E10 Related Terms

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


Restaurant Brands International (STU:0R6) Business Description

Traded in Other Exchanges
Address
130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.

Restaurant Brands International (STU:0R6) Headlines

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