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Shenzhen-ZhongRong Morgan Investment Holding Group E10

: $0.00 (As of Mar. 2017)
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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.

Shenzhen-ZhongRong Morgan Investment Holding Group's adjusted earnings per share data for the fiscal year that ended in Dec. 2016 was $-0.003. 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 Dec. 2016.

As of today (2022-05-16), Shenzhen-ZhongRong Morgan Investment Holding Group's current stock price is $ 0.01. Shenzhen-ZhongRong Morgan Investment Holding Group's E10 for the fiscal year that ended in Dec. 2016 was $. Shenzhen-ZhongRong Morgan Investment Holding Group's Shiller PE Ratio of today is .


Shenzhen-ZhongRong Morgan Investment Holding Group E10 Historical Data

The historical data trend for Shenzhen-ZhongRong Morgan Investment Holding Group'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.

Shenzhen-ZhongRong Morgan Investment Holding Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10
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Shenzhen-ZhongRong Morgan Investment Holding Group Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
E10 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Shell Companies subindustry, Shenzhen-ZhongRong Morgan Investment Holding Group's E10, along with its competitors' market caps and E10 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.

   

Shenzhen-ZhongRong Morgan Investment Holding Group E10 Distribution

For the Diversified Financial Services industry and Financial Services sector, Shenzhen-ZhongRong Morgan Investment Holding Group's E10 distribution charts can be found below:

* The bar in red indicates where Shenzhen-ZhongRong Morgan Investment Holding Group's E10 falls into.



Shenzhen-ZhongRong Morgan Investment Holding Group 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, Shenzhen-ZhongRong Morgan Investment Holding Group's adjusted earnings per share data for the fiscal year that ended in Dec. 2016 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=-0.003/101.8627*101.8627
=-0.003

Current CPI (Dec. 2016) = 101.8627.

Shenzhen-ZhongRong Morgan Investment Holding Group does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.


Shenzhen-ZhongRong Morgan Investment Holding Group  (GREY:ZRMG) 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.


Be Aware

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


Shenzhen-ZhongRong Morgan Investment Holding Group E10 Related Terms

Thank you for viewing the detailed overview of Shenzhen-ZhongRong Morgan Investment Holding Group's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen-ZhongRong Morgan Investment Holding Group Business Description

Shenzhen-ZhongRong Morgan Investment Holding Group logo
Industry
Traded in Other Exchanges
N/A
Address
136-40 39th Avenue, Suite 6B, Garden Plaza, Flushing, NY, USA, 11354
Website
Shenzhen-ZhongRong Morgan Investment Holding Group Co Ltd is a shell company.

Shenzhen-ZhongRong Morgan Investment Holding Group Headlines

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