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TFI International (TSX:TFII) E10 : C$5.88 (As of Mar. 2024)


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What is TFI 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.

TFI International's adjusted earnings per share data for the three months ended in Mar. 2024 was C$1.475. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$5.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TFI International's average E10 Growth Rate was 16.00% per year. During the past 3 years, the average E10 Growth Rate was 29.70% per year. During the past 5 years, the average E10 Growth Rate was 25.50% per year. During the past 10 years, the average E10 Growth Rate was 18.60% 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 TFI International was 29.70% per year. The lowest was -1.80% per year. And the median was 12.05% per year.

As of today (2024-05-15), TFI International's current stock price is C$186.95. TFI International's E10 for the quarter that ended in Mar. 2024 was C$5.88. TFI International's Shiller PE Ratio of today is 31.79.

During the past 13 years, the highest Shiller PE Ratio of TFI International was 44.06. The lowest was 11.44. And the median was 22.15.


TFI International E10 Historical Data

The historical data trend for TFI 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.

TFI International E10 Chart

TFI 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 2.33 2.63 3.63 4.85 5.74

TFI 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 5.07 5.29 5.49 5.74 5.88

Competitive Comparison of TFI International's E10

For the Trucking subindustry, TFI 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.


TFI International's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Shiller PE Ratio distribution charts can be found below:

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



TFI 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, TFI 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)
=1.475/125.4675*125.4675
=1.475

Current CPI (Mar. 2024) = 125.4675.

TFI International Quarterly Data

per share eps CPI Adj_EPS
201406 0.376 99.473 0.474
201409 0.404 99.394 0.510
201412 0.384 98.367 0.490
201503 0.129 99.789 0.162
201506 0.618 100.500 0.772
201509 0.405 100.421 0.506
201512 0.395 99.947 0.496
201603 5.186 101.054 6.439
201606 0.409 102.002 0.503
201609 0.548 101.765 0.676
201612 0.379 101.449 0.469
201703 0.151 102.634 0.185
201706 -0.838 103.029 -1.021
201709 1.059 103.345 1.286
201712 1.304 103.345 1.583
201803 0.531 105.004 0.634
201806 0.888 105.557 1.055
201809 0.968 105.636 1.150
201812 0.712 105.399 0.848
201903 0.741 106.979 0.869
201906 1.022 107.690 1.191
201909 0.980 107.611 1.143
201912 0.883 107.769 1.028
202003 0.907 107.927 1.054
202006 0.772 108.401 0.894
202009 1.191 108.164 1.382
202012 1.166 108.559 1.348
202103 0.880 110.298 1.001
202106 5.279 111.720 5.929
202109 1.749 112.905 1.944
202112 1.933 113.774 2.132
202203 1.988 117.646 2.120
202206 3.841 120.806 3.989
202209 3.628 120.648 3.773
202212 2.377 120.964 2.465
202303 1.738 122.702 1.777
202306 1.953 124.203 1.973
202309 2.084 125.230 2.088
202312 2.039 125.468 2.039
202403 1.475 125.468 1.475

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


TFI International  (TSX:TFII) 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.

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

Shiller PE Ratio=Share Price/E10
=186.95/5.88
=31.79

* 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 TFI International was 44.06. The lowest was 11.44. And the median was 22.15.


Be Aware

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


TFI International E10 Related Terms

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


TFI International (TSX:TFII) Business Description

Traded in Other Exchanges
Address
8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6
TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.
Executives
David Joseph Saperstein Senior Officer