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Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) E10 : $-1.44 (As of Sep. 2015)


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What is Global-Tech Advanced Innovations 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.

Global-Tech Advanced Innovations's adjusted earnings per share data for the fiscal year that ended in Mar. 2015 was $-2.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.44 for the trailing ten years ended in Mar. 2015.

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 (2024-04-25), Global-Tech Advanced Innovations's current stock price is $ 8.80. Global-Tech Advanced Innovations's E10 for the fiscal year that ended in Mar. 2015 was $-1.44. Global-Tech Advanced Innovations's Shiller PE Ratio of today is .


Global-Tech Advanced Innovations E10 Historical Data

The historical data trend for Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations E10 Chart

Global-Tech Advanced Innovations Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.59 -1.46 -1.77 -1.97 -1.44

Global-Tech Advanced Innovations Semi-Annual Data
Mar05 Sep05 Mar06 Sep06 Mar07 Sep07 Mar08 Mar09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15
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 - -1.97 - -1.44 -

Competitive Comparison of Global-Tech Advanced Innovations's E10

For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.


Global-Tech Advanced Innovations's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global-Tech Advanced Innovations's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Global-Tech Advanced Innovations's Shiller PE Ratio falls into.



Global-Tech Advanced Innovations 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, Global-Tech Advanced Innovations's adjusted earnings per share data for the fiscal year that ended in Mar. 2015 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2015 (Change)*Current CPI (Mar. 2015)
=-2.11/99.9267*99.9267
=-2.110

Current CPI (Mar. 2015) = 99.9267.

Global-Tech Advanced Innovations Annual Data

per_share_eps CPI Adj_EPS
200603 -3.680 73.653 -4.993
200703 -0.400 75.412 -0.530
200803 -1.440 78.600 -1.831
200903 -1.910 79.480 -2.401
201003 1.140 81.239 1.402
201103 -1.320 84.756 -1.556
201203 0.460 88.934 0.517
201303 -0.650 92.122 -0.705
201403 -3.470 95.749 -3.621
201503 -2.110 99.927 -2.110

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


Global-Tech Advanced Innovations  (NAS:GAI) 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.


Be Aware

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


Global-Tech Advanced Innovations E10 Related Terms

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


Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Traded in Other Exchanges
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Address
Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

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