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HIM International Music (ROCO:8446) E10 : NT$8.32 (As of Mar. 2024)


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What is HIM International Music 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.

HIM International Music's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$2.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$8.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, HIM International Music's average E10 Growth Rate was 12.30% 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.

As of today (2024-05-28), HIM International Music's current stock price is NT$105.00. HIM International Music's E10 for the quarter that ended in Mar. 2024 was NT$8.32. HIM International Music's Shiller PE Ratio of today is 12.62.

During the past 13 years, the highest Shiller PE Ratio of HIM International Music was 18.89. The lowest was 10.13. And the median was 13.38.


HIM International Music E10 Historical Data

The historical data trend for HIM International Music'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.

HIM International Music E10 Chart

HIM International Music 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 - - 6.41 7.21 7.98

HIM International Music 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 7.41 7.65 7.92 7.98 8.32

Competitive Comparison of HIM International Music's E10

For the Entertainment subindustry, HIM International Music'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.


HIM International Music's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's Shiller PE Ratio distribution charts can be found below:

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



HIM International Music 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, HIM International Music'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)
=2.79/131.7762*131.7762
=2.790

Current CPI (Mar. 2024) = 131.7762.

HIM International Music Quarterly Data

per share eps CPI Adj_EPS
201406 0.560 100.560 0.734
201409 0.759 100.428 0.996
201412 1.494 99.070 1.987
201503 0.727 99.621 0.962
201506 0.822 100.684 1.076
201509 1.154 100.392 1.515
201512 1.478 99.792 1.952
201603 0.909 100.470 1.192
201606 1.257 101.688 1.629
201609 1.183 101.861 1.530
201612 1.835 101.863 2.374
201703 0.965 102.862 1.236
201706 1.043 103.349 1.330
201709 1.460 104.136 1.848
201712 2.280 104.011 2.889
201803 1.410 105.290 1.765
201806 3.160 106.317 3.917
201809 1.920 106.507 2.376
201812 2.350 105.998 2.922
201903 2.460 107.251 3.023
201906 2.850 108.070 3.475
201909 2.420 108.329 2.944
201912 2.480 108.420 3.014
202003 2.460 108.902 2.977
202006 2.160 108.767 2.617
202009 2.330 109.815 2.796
202012 2.580 109.897 3.094
202103 2.250 111.754 2.653
202106 1.250 114.631 1.437
202109 1.250 115.734 1.423
202112 1.810 117.630 2.028
202203 0.820 121.301 0.891
202206 1.700 125.017 1.792
202209 1.490 125.227 1.568
202212 1.920 125.222 2.020
202303 1.480 127.348 1.531
202306 2.480 128.729 2.539
202309 2.580 129.860 2.618
202312 1.670 129.419 1.700
202403 2.790 131.776 2.790

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


HIM International Music  (ROCO:8446) 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.

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

Shiller PE Ratio=Share Price/E10
=105.00/8.32
=12.62

* 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 HIM International Music was 18.89. The lowest was 10.13. And the median was 13.38.


Be Aware

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


HIM International Music E10 Related Terms

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


HIM International Music (ROCO:8446) Business Description

Traded in Other Exchanges
N/A
Address
Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN
HIM International Music Inc is a Taiwan based media company. The company is engaged in organizing media activities such as live events, autograph sessions, and endorsement activities. It also provides music records and albums. The company also arrange concerts in Taiwan.

HIM International Music (ROCO:8446) Headlines

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