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Ite Tech (TPE:3014) E10 : NT$5.78 (As of Mar. 2024)


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What is Ite Tech 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.

Ite Tech's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$2.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ite Tech's average E10 Growth Rate was 17.70% per year. During the past 3 years, the average E10 Growth Rate was 92.20% 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 Ite Tech was 117.70% per year. The lowest was 92.20% per year. And the median was 104.95% per year.

As of today (2024-05-17), Ite Tech's current stock price is NT$168.00. Ite Tech's E10 for the quarter that ended in Mar. 2024 was NT$5.78. Ite Tech's Shiller PE Ratio of today is 29.07.

During the past 13 years, the highest Shiller PE Ratio of Ite Tech was 148.40. The lowest was 12.82. And the median was 31.50.


Ite Tech E10 Historical Data

The historical data trend for Ite Tech'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.

Ite Tech E10 Chart

Ite Tech 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 0.45 0.79 3.82 4.64 5.61

Ite Tech 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 4.91 5.20 5.47 5.61 5.78

Competitive Comparison of Ite Tech's E10

For the Semiconductors subindustry, Ite Tech'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.


Ite Tech's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Ite Tech 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, Ite Tech'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)
=2.44/131.7762*131.7762
=2.440

Current CPI (Mar. 2024) = 131.7762.

Ite Tech Quarterly Data

per share eps CPI Adj_EPS
201406 0.710 100.560 0.930
201409 0.800 100.428 1.050
201412 0.200 99.070 0.266
201503 0.610 99.621 0.807
201506 0.230 100.684 0.301
201509 0.730 100.392 0.958
201512 0.580 99.792 0.766
201603 0.480 100.470 0.630
201606 0.560 101.688 0.726
201609 0.850 101.861 1.100
201612 0.430 101.863 0.556
201703 0.560 102.862 0.717
201706 0.590 103.349 0.752
201709 0.790 104.136 1.000
201712 0.490 104.011 0.621
201803 0.660 105.290 0.826
201806 0.720 106.317 0.892
201809 1.130 106.507 1.398
201812 0.460 105.998 0.572
201903 0.500 107.251 0.614
201906 0.880 108.070 1.073
201909 1.110 108.329 1.350
201912 0.820 108.420 0.997
202003 0.770 108.902 0.932
202006 1.460 108.767 1.769
202009 2.030 109.815 2.436
202012 1.460 109.897 1.751
202103 2.300 111.754 2.712
202106 2.860 114.631 3.288
202109 3.390 115.734 3.860
202112 2.460 117.630 2.756
202203 2.470 121.301 2.683
202206 1.810 125.017 1.908
202209 1.910 125.227 2.010
202212 1.270 125.222 1.336
202303 2.100 127.348 2.173
202306 2.700 128.729 2.764
202309 2.910 129.860 2.953
202312 2.050 129.419 2.087
202403 2.440 131.776 2.440

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


Ite Tech  (TPE:3014) 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.

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

Shiller PE Ratio=Share Price/E10
=168.00/5.78
=29.07

* 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 Ite Tech was 148.40. The lowest was 12.82. And the median was 31.50.


Be Aware

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


Ite Tech E10 Related Terms

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


Ite Tech (TPE:3014) Business Description

Traded in Other Exchanges
N/A
Address
3F, No. 13, Innovation Road I, Hsinchu Science Park, Hsinchu, TWN, 30076
Ite Tech Inc is a fabless integrated circuit (IC) design house. The company principally engages in developing, manufacturing, and marketing of integrated circuits. Its product offerings include PC input/output (I/O) and KBC, digital TV controller, sensor hub/IOT, multimedia controller, and analog IC. Geographically, it operates in Taiwan, Asia, and Others, out of which the majority is from Taiwan.

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