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Perion Network (XTAE:PERI) E10 : ₪0.56 (As of Mar. 2024)


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What is Perion Network 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.

Perion Network's adjusted earnings per share data for the three months ended in Mar. 2024 was ₪0.878. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪0.56 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 25.40% per year. During the past 5 years, the average E10 Growth Rate was -32.50% per year. During the past 10 years, the average E10 Growth Rate was -32.20% 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 Perion Network was 25.40% per year. The lowest was -83.50% per year. And the median was -21.35% per year.

As of today (2024-05-26), Perion Network's current stock price is ₪43.00. Perion Network's E10 for the quarter that ended in Mar. 2024 was ₪0.56. Perion Network's Shiller PE Ratio of today is 76.79.

During the past 13 years, the highest Shiller PE Ratio of Perion Network was 7398.00. The lowest was 2.80. And the median was 10.80.


Perion Network E10 Historical Data

The historical data trend for Perion Network'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.

Perion Network E10 Chart

Perion Network 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 1.35 0.38 0.01 0.28 0.75

Perion Network 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 -0.03 -0.24 0.27 0.75 0.56

Competitive Comparison of Perion Network's E10

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Perion Network's Shiller PE Ratio falls into.



Perion Network 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, Perion Network'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)
=0.878/131.7762*131.7762
=0.878

Current CPI (Mar. 2024) = 131.7762.

Perion Network Quarterly Data

per share eps CPI Adj_EPS
201406 2.744 100.560 3.596
201409 3.073 100.428 4.032
201412 -1.427 99.070 -1.898
201503 1.537 99.621 2.033
201506 1.268 100.684 1.660
201509 -10.976 100.392 -14.407
201512 -2.524 99.792 -3.333
201603 -0.768 100.470 -1.007
201606 0.110 101.688 0.143
201609 0.768 101.861 0.994
201612 0.045 101.863 0.058
201703 -0.329 102.862 -0.421
201706 -5.049 103.349 -6.438
201709 0.366 104.136 0.463
201712 -5.268 104.011 -6.674
201803 0.008 105.290 0.010
201806 0.110 106.317 0.136
201809 0.293 106.507 0.363
201812 0.695 105.998 0.864
201903 0.183 107.251 0.225
201906 0.402 108.070 0.490
201909 0.402 108.329 0.489
201912 0.805 108.420 0.978
202003 0.183 108.902 0.221
202006 -0.293 108.767 -0.355
202009 0.293 109.815 0.352
202012 1.098 109.897 1.317
202103 0.329 111.754 0.388
202106 0.695 114.631 0.799
202109 1.024 115.734 1.166
202112 1.610 117.630 1.804
202203 1.207 121.301 1.311
202206 1.500 125.017 1.581
202209 1.939 125.227 2.040
202212 2.890 125.222 3.041
202303 1.756 127.348 1.817
202306 1.573 128.729 1.610
202309 2.378 129.860 2.413
202312 2.854 129.419 2.906
202403 0.878 131.776 0.878

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


Perion Network  (XTAE:PERI) 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.

Perion Network's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=43.00/0.56
=76.79

* 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 Perion Network was 7398.00. The lowest was 2.80. And the median was 10.80.


Be Aware

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


Perion Network E10 Related Terms

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


Perion Network (XTAE:PERI) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.