GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MetLife Inc (NYSE:MET) » Definitions » E10

MET (MetLife) E10 : $5.45 (As of Mar. 2025)


View and export this data going back to 2000. Start your Free Trial

What is MetLife 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.

MetLife's adjusted earnings per share data for the three months ended in Mar. 2025 was $1.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.45 for the trailing ten years ended in Mar. 2025.

During the past 12 months, MetLife's average E10 Growth Rate was -1.30% per year. During the past 3 years, the average E10 Growth Rate was 5.20% per year. During the past 5 years, the average E10 Growth Rate was 6.80% per year. During the past 10 years, the average E10 Growth Rate was 5.00% 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 MetLife was 15.40% per year. The lowest was -11.20% per year. And the median was 5.20% per year.

As of today (2025-07-01), MetLife's current stock price is $81.09. MetLife's E10 for the quarter that ended in Mar. 2025 was $5.45. MetLife's Shiller PE Ratio of today is 14.88.

During the past 13 years, the highest Shiller PE Ratio of MetLife was 18.46. The lowest was 5.96. And the median was 12.99.


MetLife E10 Historical Data

The historical data trend for MetLife'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.

MetLife E10 Chart

MetLife Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.37 4.72 5.48 5.46 5.50

MetLife Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.52 5.53 5.49 5.50 5.45

Competitive Comparison of MetLife's E10

For the Insurance - Life subindustry, MetLife'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.


MetLife's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MetLife's Shiller PE Ratio distribution charts can be found below:

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


;
;

MetLife 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, MetLife's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.28/134.9266*134.9266
=1.280

Current CPI (Mar. 2025) = 134.9266.

MetLife Quarterly Data

per share eps CPI Adj_EPS
201506 0.923 100.684 1.237
201509 1.060 100.392 1.425
201512 0.700 99.792 0.946
201603 1.980 100.470 2.659
201606 0.060 101.688 0.080
201609 0.510 101.861 0.676
201612 -1.940 101.863 -2.570
201703 0.790 102.862 1.036
201706 0.800 103.349 1.044
201709 -0.090 104.136 -0.117
201712 2.140 104.011 2.776
201803 1.190 105.290 1.525
201806 0.830 106.317 1.053
201809 0.880 106.507 1.115
201812 2.040 105.998 2.597
201903 1.400 107.251 1.761
201906 1.770 108.070 2.210
201909 2.300 108.329 2.865
201912 0.580 108.420 0.722
202003 4.746 108.902 5.880
202006 0.070 108.767 0.087
202009 0.690 109.815 0.848
202012 0.138 109.897 0.169
202103 0.330 111.754 0.398
202106 3.909 114.631 4.601
202109 1.770 115.734 2.064
202112 1.390 117.630 1.594
202203 1.890 121.301 2.102
202206 1.080 125.017 1.166
202209 1.370 125.227 1.476
202212 1.660 125.222 1.789
202303 0.020 127.348 0.021
202306 0.480 128.729 0.503
202309 0.560 129.860 0.582
202312 0.770 129.419 0.803
202403 1.100 131.776 1.126
202406 1.280 132.554 1.303
202409 1.810 133.029 1.836
202412 1.775 133.157 1.799
202503 1.280 134.927 1.280

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


MetLife  (NYSE:MET) 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.

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

Shiller PE Ratio=Share Price/E10
=81.09/5.45
=14.88

* 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 MetLife was 18.46. The lowest was 5.96. And the median was 12.99.


Be Aware

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


MetLife E10 Related Terms

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


MetLife Business Description

Address
200 Park Avenue, New York, NY, USA, 10166-0188
MetLife is one of the largest life insurers in the us by assets and provides a variety of insurance and financial-services products. It is organized into five segments: us, Asia, Latin America, Europe/Middle East/Africa, and MetLife Holdings. The us business contributes around 50% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 22% of earnings and is mainly composed of the Japan business, with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile, with the Latin America segment contributing around 13% of earnings. The EMEA and MetLife Holdings segments contribute around 4% and 11% of earnings, respectively.
Executives
Bill Pappas officer: EVP, Global Tech. & Ops. METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Michel Khalaf director, officer: President & CEO 200 PARK AVENUE, NEW YORK NY 10166
Marlene Debel officer: EVP & Chief Risk Officer METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Ramy Tadros officer: President, U.S. Business 200 PARK AVENUE, NEW YORK NY 10166
Jeh C. Johnson director 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Robert Glenn Hubbard director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Susan M Podlogar officer: EVP & Chief HR Officer 200 PARK AVENUE, NEW YORK NY 10166
Steven J Goulart officer: EVP & Chief Investment Officer 200 PARK AVENUE, NEW YORK NY 10166
Carla A Harris director 702 SW 8TH STREET, BENTONVILLE AR 72716
Gerald L Hassell director
Diana Mckenzie director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Carlos M Gutierrez director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Denise M Morrison director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Mark A Weinberger director METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
William E Kennard director METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166