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.
Shandong Hualu-hengsheng Chemical Co's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.502. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥1.45 for the trailing ten years ended in Mar. 2024.
During the past 12 months, Shandong Hualu-hengsheng Chemical Co's average E10 Growth Rate was 11.50% per year.
During the past 3 years, the average E10 Growth Rate was 30.80% per year.
During the past 5 years, the average E10 Growth Rate was 27.90% per year.
During the past 10 years, the average E10 Growth Rate was 21.50% 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 Shandong Hualu-hengsheng Chemical Co was 31.40% per year. The lowest was 9.00% per year. And the median was 15.80% per year.
* 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.
Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's E10
For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical Co'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.
Shandong Hualu-hengsheng Chemical Co's Shiller PE Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Shiller PE Ratio falls into.
Shandong Hualu-hengsheng Chemical Co 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.
Shandong Hualu-hengsheng Chemical Co Quarterly Data
per share eps
CPI
Adj_EPS
201406
0.103
98.200
0.121
201409
0.100
98.900
0.117
201412
0.087
99.000
0.101
201503
0.117
99.900
0.135
201506
0.133
99.500
0.154
201509
0.116
100.500
0.133
201512
0.065
100.600
0.074
201603
0.105
102.200
0.118
201606
0.127
101.400
0.144
201609
0.074
102.400
0.083
201612
0.109
102.600
0.122
201703
0.149
103.200
0.166
201706
0.110
103.100
0.123
201709
0.143
104.100
0.158
201712
0.178
104.500
0.196
201803
0.347
105.300
0.380
201806
0.451
104.900
0.495
201809
0.405
106.600
0.438
201812
0.231
106.500
0.250
201903
0.304
107.700
0.325
201906
0.315
107.700
0.337
201909
0.285
109.800
0.299
201912
0.255
111.200
0.264
202003
0.203
112.300
0.208
202006
0.225
110.400
0.235
202009
0.182
111.700
0.188
202012
0.240
111.500
0.248
202103
0.969
112.662
0.991
202106
1.052
111.769
1.085
202109
0.853
112.215
0.876
202112
0.792
113.108
0.807
202203
1.150
114.335
1.159
202206
0.978
114.558
0.984
202209
0.482
115.339
0.482
202212
0.355
115.116
0.355
202303
0.368
115.116
0.368
202306
0.437
114.558
0.440
202309
0.574
115.339
0.573
202312
0.310
114.781
0.311
202403
0.502
115.227
0.502
Add all the adjusted EPS together and divide 10 will get our e10.
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) 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.
Shandong Hualu-hengsheng Chemical Co's Shiller P/E Ratio of today is calculated as
* 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 Shandong Hualu-hengsheng Chemical Co was 59.46. The lowest was 11.94. And the median was 24.20.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Shandong Hualu-hengsheng Chemical Co E10 Related Terms
Thank you for viewing the detailed overview of Shandong Hualu-hengsheng Chemical Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description
Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.
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