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Air China (Air China) E10 : $0.00 (As of Mar. 2024)


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What is Air China E10?

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Air China's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.305. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Air China was 13.80% per year. The lowest was -33.20% per year. And the median was 4.30% per year.

As of today (2024-04-29), Air China's current stock price is $10.50. Air China's E10 for the quarter that ended in Mar. 2024 was $0.00. Air China's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air China was 555.00. The lowest was 11.34. And the median was 20.28.


Air China E10 Historical Data

The historical data trend for Air China'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.

Air China E10 Chart

Air China 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 1.29 0.74 0.26 -0.27 -0.37

Air China 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 -0.29 -0.33 -0.33 -0.37 -

Competitive Comparison of Air China's E10

For the Airlines subindustry, Air China'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.


Air China's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Shiller PE Ratio distribution charts can be found below:

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



Air China 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, Air China'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)
=-0.305/117.7354*117.7354
=-0.305

Current CPI (Mar. 2024) = 117.7354.

Air China Quarterly Data

per share eps CPI Adj_EPS
201406 0.094 96.409 0.115
201409 0.717 97.948 0.862
201412 0.160 99.707 0.189
201503 0.449 99.927 0.529
201506 0.559 99.267 0.663
201509 0.597 99.927 0.703
201512 0.117 102.015 0.135
201603 0.615 102.785 0.704
201606 0.237 101.686 0.274
201609 0.930 102.565 1.068
201612 -0.116 103.225 -0.132
201703 0.319 103.335 0.363
201706 0.376 103.664 0.427
201709 1.127 103.994 1.276
201712 -0.243 104.984 -0.273
201803 0.602 105.973 0.669
201806 0.179 106.193 0.198
201809 0.759 106.852 0.836
201812 0.058 107.622 0.063
201903 0.596 108.172 0.649
201906 0.083 109.601 0.089
201909 0.731 110.260 0.781
201912 -0.069 110.700 -0.073
202003 -0.997 110.920 -1.058
202006 -0.960 110.590 -1.022
202009 -0.147 107.512 -0.161
202012 -0.948 109.711 -1.017
202103 -1.382 111.579 -1.458
202106 -0.125 111.360 -0.132
202109 -0.805 109.051 -0.869
202112 -1.444 112.349 -1.513
202203 -2.049 113.558 -2.124
202206 -2.270 113.448 -2.356
202209 -1.823 113.778 -1.886
202212 -2.180 114.548 -2.241
202303 -0.551 115.427 -0.562
202306 -0.090 115.647 -0.092
202309 0.718 116.087 0.728
202312 -0.336 117.296 -0.337
202403 -0.305 117.735 -0.305

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


Air China  (OTCPK:AIRYY) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air China was 555.00. The lowest was 11.34. And the median was 20.28.


Be Aware

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


Air China E10 Related Terms

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


Air China (Air China) Business Description

Address
30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312
Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.