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Taiji Computer (SZSE:002368) E10 : ¥0.62 (As of Mar. 2024)


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What is Taiji Computer 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.

Taiji Computer's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taiji Computer's average E10 Growth Rate was 3.30% per year. During the past 3 years, the average E10 Growth Rate was 6.10% per year. During the past 5 years, the average E10 Growth Rate was 8.50% 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 Taiji Computer was 11.20% per year. The lowest was 6.10% per year. And the median was 7.70% per year.

As of today (2024-06-08), Taiji Computer's current stock price is ¥20.08. Taiji Computer's E10 for the quarter that ended in Mar. 2024 was ¥0.62. Taiji Computer's Shiller PE Ratio of today is 32.39.

During the past 13 years, the highest Shiller PE Ratio of Taiji Computer was 81.90. The lowest was 30.11. And the median was 53.53.


Taiji Computer E10 Historical Data

The historical data trend for Taiji Computer'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.

Taiji Computer E10 Chart

Taiji Computer 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 0.48 0.51 0.55 0.60 0.61

Taiji Computer 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 0.60 0.59 0.60 0.61 0.62

Competitive Comparison of Taiji Computer's E10

For the Information Technology Services subindustry, Taiji Computer'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.


Taiji Computer's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Taiji Computer's Shiller PE Ratio distribution charts can be found below:

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



Taiji Computer 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, Taiji Computer'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)
=0.026/115.2271*115.2271
=0.026

Current CPI (Mar. 2024) = 115.2271.

Taiji Computer Quarterly Data

per share eps CPI Adj_EPS
201406 0.089 98.200 0.104
201409 0.057 98.900 0.066
201412 0.190 99.000 0.221
201503 0.036 99.900 0.042
201506 0.007 99.500 0.008
201509 0.100 100.500 0.115
201512 0.242 100.600 0.277
201603 0.029 102.200 0.033
201606 0.000 101.400 0.000
201609 0.079 102.400 0.089
201612 0.404 102.600 0.454
201703 0.029 103.200 0.032
201706 0.005 103.100 0.006
201709 0.079 104.100 0.087
201712 0.387 104.500 0.427
201803 0.031 105.300 0.034
201806 0.003 104.900 0.003
201809 0.085 106.600 0.092
201812 0.439 106.500 0.475
201903 0.034 107.700 0.036
201906 0.004 107.700 0.004
201909 0.135 109.800 0.142
201912 0.625 111.200 0.648
202003 0.034 112.300 0.035
202006 0.019 110.400 0.020
202009 0.097 111.700 0.100
202012 0.502 111.500 0.519
202103 0.034 112.662 0.035
202106 0.015 111.769 0.015
202109 0.100 112.215 0.103
202112 0.495 113.108 0.504
202203 0.032 114.335 0.032
202206 0.031 114.558 0.031
202209 0.139 115.339 0.139
202212 0.445 115.116 0.445
202303 0.046 115.116 0.046
202306 0.038 114.558 0.038
202309 0.132 115.339 0.132
202312 0.395 114.781 0.397
202403 0.026 115.227 0.026

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


Taiji Computer  (SZSE:002368) 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.

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

Shiller PE Ratio=Share Price/E10
=20.08/0.62
=32.39

* 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 Taiji Computer was 81.90. The lowest was 30.11. And the median was 53.53.


Be Aware

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


Taiji Computer E10 Related Terms

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


Taiji Computer (SZSE:002368) Business Description

Traded in Other Exchanges
N/A
Address
Rongda Road, China Electric Power Taiji Information Industry Park, Chaoyang District, Beijing, CHN
Taiji Computer Corp Ltd is engaged in the designing and engineering construction of information systems in China. It offers information technology consulting services, industry solution services, infrastructure services, operational services, and various other value-added IT services. In addition, the company is also involved in the information construction of government, finance, energy, manufacturing, and public utilities.
Executives
Feng Guo Kuan Executives
Lv Yi Director
Chai Yong Mao Directors, executives
Wang Yu Zhong Supervisors
Xiao Yi Executives
Shen Long Zhe Executives
Zhong Kai Executives
Wang Xin Zhong Executives
Zheng Ji Yun Securities Affairs Representative
Zhang Su Wei Executives
Xu Shi Jun Executives
He Jing Supervisors
Liu Huai Song Directors, executives
Liu Xiao Wei Directors, executives
Wang Ya Feng Directors, executives

Taiji Computer (SZSE:002368) Headlines

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