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Jiangsu Expressway Co (HKSE:00177) E10 : HK$0.44 (As of Dec. 2024)


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What is Jiangsu Expressway 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.

Jiangsu Expressway Co's adjusted earnings per share data for the three months ended in Dec. 2024 was HK$0.175. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.44 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Jiangsu Expressway Co's average E10 Growth Rate was -100.00% 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 Jiangsu Expressway Co was 12.90% per year. The lowest was 2.40% per year. And the median was 8.95% per year.

As of today (2025-03-27), Jiangsu Expressway Co's current stock price is HK$9.25. Jiangsu Expressway Co's E10 for the quarter that ended in Dec. 2024 was HK$0.44. Jiangsu Expressway Co's Shiller PE Ratio of today is 21.02.

During the past 13 years, the highest Shiller PE Ratio of Jiangsu Expressway Co was 23.70. The lowest was 9.99. And the median was 15.95.


Jiangsu Expressway Co E10 Historical Data

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co E10 Chart

Jiangsu Expressway Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.64 0.62 0.51 0.44

Jiangsu Expressway Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.51 0.52 0.51 0.44 0.44

Competitive Comparison of Jiangsu Expressway Co's E10

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.


Jiangsu Expressway Co's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Expressway Co's Shiller PE Ratio falls into.


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Jiangsu Expressway 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, Jiangsu Expressway Co's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.175/114.8925*114.8925
=0.175

Current CPI (Dec. 2024) = 114.8925.

Jiangsu Expressway Co Quarterly Data

per share eps CPI Adj_EPS
201503 0.162 99.900 0.186
201506 0.265 99.500 0.306
201509 0.179 100.500 0.205
201512 0.009 100.600 0.010
201603 0.183 102.200 0.206
201606 0.184 101.400 0.208
201609 0.203 102.400 0.228
201612 0.202 102.600 0.226
201703 0.196 103.200 0.218
201706 0.232 103.100 0.259
201709 0.235 104.100 0.259
201712 0.163 104.500 0.179
201803 0.251 105.300 0.274
201806 0.354 104.900 0.388
201809 0.264 106.600 0.285
201812 0.163 106.500 0.176
201903 0.240 107.700 0.256
201906 0.281 107.700 0.300
201909 0.279 109.800 0.292
201912 0.141 111.200 0.146
202003 -0.007 112.300 -0.007
202006 0.113 110.400 0.118
202009 0.318 111.700 0.327
202012 0.134 111.500 0.138
202103 0.271 112.662 0.276
202106 0.368 111.769 0.378
202109 0.278 112.215 0.285
202112 0.106 113.108 0.108
202203 0.206 114.335 0.207
202206 0.230 114.558 0.231
202209 0.284 115.339 0.283
202212 0.136 115.116 0.136
202303 0.277 115.116 0.276
202306 0.272 114.558 0.273
202309 0.331 115.339 0.330
202312 0.082 114.781 0.082
202403 0.269 115.227 0.268
202406 0.321 114.781 0.321
202409 0.300 115.785 0.298
202412 0.175 114.893 0.175

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


Jiangsu Expressway Co  (HKSE:00177) 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.

Jiangsu Expressway Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.25/0.44
=21.02

* 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 Jiangsu Expressway Co was 23.70. The lowest was 9.99. And the median was 15.95.


Be Aware

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


Jiangsu Expressway Co E10 Related Terms

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


Jiangsu Expressway Co Business Description

Traded in Other Exchanges
Address
6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
Blackrock, Inc. 2201 Interest of corporation controlled by you
State Street Corporation 2102 Investment manager
Citigroup Inc. 2502 Approved lending agent
Mitsubishi Ufj Financial Group, Inc. 2201 Interest of corporation controlled by you
Newton Investment Management Limited 2102 Investment manager

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