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Jinan Acetate Chemical Co (TPE:4763) E10 : NT$14.57 (As of Mar. 2024)


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What is Jinan Acetate Chemical Co 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.

Jinan Acetate Chemical Co's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$24.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$14.57 for the trailing ten years ended in Mar. 2024.

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 (2024-06-06), Jinan Acetate Chemical Co's current stock price is NT$840.00. Jinan Acetate Chemical Co's E10 for the quarter that ended in Mar. 2024 was NT$14.57. Jinan Acetate Chemical Co's Shiller PE Ratio of today is 57.65.

During the past 12 years, the highest Shiller PE Ratio of Jinan Acetate Chemical Co was 163.98. The lowest was 52.44. And the median was 71.64.


Jinan Acetate Chemical Co E10 Historical Data

The historical data trend for Jinan Acetate Chemical Co'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.

Jinan Acetate Chemical Co E10 Chart

Jinan Acetate Chemical Co 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 - - - - 12.27

Jinan Acetate Chemical Co 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 - - 7.44 12.27 14.57

Competitive Comparison of Jinan Acetate Chemical Co's E10

For the Chemicals subindustry, Jinan Acetate 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.


Jinan Acetate Chemical Co's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinan Acetate Chemical Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Jinan Acetate Chemical Co's Shiller PE Ratio falls into.



Jinan Acetate 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.

For example, Jinan Acetate Chemical Co'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)
=24.46/115.2271*115.2271
=24.460

Current CPI (Mar. 2024) = 115.2271.

Jinan Acetate Chemical Co Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 98.200 0.000
201409 0.000 98.900 0.000
201412 0.979 99.000 1.139
201503 1.012 99.900 1.167
201506 0.965 99.500 1.118
201509 1.114 100.500 1.277
201512 1.210 100.600 1.386
201603 0.897 102.200 1.011
201606 1.169 101.400 1.328
201609 0.815 102.400 0.917
201612 1.305 102.600 1.466
201703 0.890 103.200 0.994
201706 0.550 103.100 0.615
201709 0.082 104.100 0.091
201712 0.992 104.500 1.094
201803 0.353 105.300 0.386
201806 0.496 104.900 0.545
201809 0.703 106.600 0.760
201812 0.927 106.500 1.003
201903 0.875 107.700 0.936
201906 0.830 107.700 0.888
201909 1.502 109.800 1.576
201912 1.420 111.200 1.471
202003 1.450 112.300 1.488
202006 1.461 110.400 1.525
202009 1.212 111.700 1.250
202012 2.974 111.500 3.073
202103 1.212 112.662 1.240
202106 1.126 111.769 1.161
202109 1.214 112.215 1.247
202112 0.921 113.108 0.938
202203 5.036 114.335 5.075
202206 2.901 114.558 2.918
202209 3.830 115.339 3.826
202212 4.555 115.116 4.559
202303 6.410 115.116 6.416
202306 13.052 114.558 13.128
202309 17.204 115.339 17.187
202312 27.608 114.781 27.715
202403 24.460 115.227 24.460

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


Jinan Acetate Chemical Co  (TPE:4763) 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.

Jinan Acetate Chemical Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=840.00/14.57
=57.65

* 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 12 years, the highest Shiller P/E Ratio of Jinan Acetate Chemical Co was 163.98. The lowest was 52.44. And the median was 71.64.


Be Aware

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


Jinan Acetate Chemical Co E10 Related Terms

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


Jinan Acetate Chemical Co (TPE:4763) Business Description

Traded in Other Exchanges
N/A
Address
No.7 of Taixing East Street, Jiyang County, Shandong Province, Jinan, CHN
Jinan Acetate Chemical Co Ltd is a chemical company based in China. The company is engaged in the manufacturing and sales of cellulose acetate products. It derives a majority of its revenue from Cellulose acetate tow products. Geographically, it generates maximum revenue from Asia and also has a presence in America, Africa, and Other Countries.

Jinan Acetate Chemical Co (TPE:4763) Headlines

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