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Innolux (TPE:3481) Shiller PE Ratio : 14.06 (As of May. 28, 2024)


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What is Innolux Shiller PE Ratio?

As of today (2024-05-28), Innolux's current share price is NT$14.20. Innolux's E10 for the quarter that ended in Mar. 2024 was NT$1.01. Innolux's Shiller PE Ratio for today is 14.06.

The historical rank and industry rank for Innolux's Shiller PE Ratio or its related term are showing as below:

TPE:3481' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.49   Med: 13   Max: 48.5
Current: 13.97

During the past years, Innolux's highest Shiller PE Ratio was 48.50. The lowest was 8.49. And the median was 13.00.

TPE:3481's Shiller PE Ratio is ranked better than
75.85% of 1387 companies
in the Hardware industry
Industry Median: 24.33 vs TPE:3481: 13.97

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Innolux's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is NT$1.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Innolux Shiller PE Ratio Historical Data

The historical data trend for Innolux's Shiller PE Ratio 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.

Innolux Shiller PE Ratio Chart

Innolux Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 24.74 9.07 13.82

Innolux Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 12.78 14.91 12.49 13.82 14.96

Competitive Comparison of Innolux's Shiller PE Ratio

For the Electronic Components subindustry, Innolux'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.


Innolux's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Innolux's Shiller PE Ratio distribution charts can be found below:

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



Innolux Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Innolux's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=14.20/1.01
=14.06

* 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.

Innolux's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Innolux'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)
=-0.45/131.7762*131.7762
=-0.450

Current CPI (Mar. 2024) = 131.7762.

Innolux Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.384 100.560 0.503
201409 0.896 100.428 1.176
201412 1.338 99.070 1.780
201503 1.000 99.621 1.323
201506 0.628 100.684 0.822
201509 0.407 100.392 0.534
201512 -0.791 99.792 -1.045
201603 -1.000 100.470 -1.312
201606 -0.407 101.688 -0.527
201609 0.361 101.861 0.467
201612 1.268 101.863 1.640
201703 1.372 102.862 1.758
201706 1.396 103.349 1.780
201709 1.012 104.136 1.281
201712 0.454 104.011 0.575
201803 0.337 105.290 0.422
201806 -0.221 106.317 -0.274
201809 0.221 106.507 0.273
201812 -0.081 105.998 -0.101
201903 -0.430 107.251 -0.528
201906 -0.349 108.070 -0.426
201909 -0.454 108.329 -0.552
201912 -0.826 108.420 -1.004
202003 -0.640 108.902 -0.774
202006 -0.570 108.767 -0.691
202009 0.174 109.815 0.209
202012 1.221 109.897 1.464
202103 1.279 111.754 1.508
202106 2.338 114.631 2.688
202109 1.811 115.734 2.062
202112 0.568 117.630 0.636
202203 0.189 121.301 0.205
202206 -0.474 125.017 -0.500
202209 -1.270 125.227 -1.336
202212 -1.372 125.222 -1.444
202303 -0.820 127.348 -0.849
202306 -0.632 128.729 -0.647
202309 -0.210 129.860 -0.213
202312 -0.370 129.419 -0.377
202403 -0.450 131.776 -0.450

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


Innolux  (TPE:3481) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Innolux Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Innolux's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Innolux (TPE:3481) Business Description

Traded in Other Exchanges
N/A
Address
No. 160, Science Road, Hsinchu Science Park, Zhunan Site, Miaoli, TWN, 35053
Innolux Corp is a Taiwan-based company that designs, manufactures, and distributes thin-film transistor liquid crystal display panels to original-equipment manufacturers. Its panels range from 18 inches to 100 inches and are used in television sets, desktop monitors, notebooks and tablets, and medical and automotive applications. The company has more than 10 manufacturing facilities, predominantly in Taiwan. It generates revenue in Taiwan and markets in Asia, the Americas, and Europe.

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