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Guotai Junan Securities Co (HKSE:02611) E10 : HK$0.84 (As of Mar. 2024)


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What is Guotai Junan Securities 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.

Guotai Junan Securities Co's adjusted earnings per share data for the three months ended in Mar. 2024 was HK$0.282. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$0.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Guotai Junan Securities Co's average E10 Growth Rate was -2.20% per year. During the past 3 years, the average E10 Growth Rate was 0.30% 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 Guotai Junan Securities Co was 1.00% per year. The lowest was 0.20% per year. And the median was 0.30% per year.

As of today (2024-06-15), Guotai Junan Securities Co's current stock price is HK$8.12. Guotai Junan Securities Co's E10 for the quarter that ended in Mar. 2024 was HK$0.84. Guotai Junan Securities Co's Shiller PE Ratio of today is 9.67.

During the past 13 years, the highest Shiller PE Ratio of Guotai Junan Securities Co was 15.62. The lowest was 9.49. And the median was 12.07.


Guotai Junan Securities Co E10 Historical Data

The historical data trend for Guotai Junan Securities 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.

Guotai Junan Securities Co E10 Chart

Guotai Junan Securities 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 1.01 0.86 0.93 0.90 0.79

Guotai Junan Securities 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 0.92 0.90 0.83 0.79 0.84

Competitive Comparison of Guotai Junan Securities Co's E10

For the Capital Markets subindustry, Guotai Junan Securities 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.


Guotai Junan Securities Co's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guotai Junan Securities Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Guotai Junan Securities Co's Shiller PE Ratio falls into.



Guotai Junan Securities 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, Guotai Junan Securities 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)
=0.282/115.2271*115.2271
=0.282

Current CPI (Mar. 2024) = 115.2271.

Guotai Junan Securities Co Quarterly Data

per share eps CPI Adj_EPS
201406 0.236 98.200 0.277
201409 0.369 98.900 0.430
201412 0.580 99.000 0.675
201503 0.572 99.900 0.660
201506 1.349 99.500 1.562
201509 0.371 100.500 0.425
201512 0.589 100.600 0.675
201603 0.346 102.200 0.390
201606 0.389 101.400 0.442
201609 0.401 102.400 0.451
201612 0.323 102.600 0.363
201703 0.360 103.200 0.402
201706 0.275 103.100 0.307
201709 0.311 104.100 0.344
201712 0.387 104.500 0.427
201803 0.323 105.300 0.353
201806 0.194 104.900 0.213
201809 0.171 106.600 0.185
201812 0.136 106.500 0.147
201903 0.374 107.700 0.400
201906 0.257 107.700 0.275
201909 0.165 109.800 0.173
201912 0.234 111.200 0.242
202003 0.210 112.300 0.215
202006 0.427 110.400 0.446
202009 0.421 111.700 0.434
202012 0.273 111.500 0.282
202103 0.572 112.662 0.585
202106 0.471 111.769 0.486
202109 0.470 112.215 0.483
202112 0.441 113.108 0.449
202203 0.333 114.335 0.336
202206 0.481 114.558 0.484
202209 0.235 115.339 0.235
202212 0.380 115.116 0.380
202303 0.364 115.116 0.364
202306 0.306 114.558 0.308
202309 0.322 115.339 0.322
202312 0.066 114.781 0.066
202403 0.282 115.227 0.282

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


Guotai Junan Securities Co  (HKSE:02611) 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.

Guotai Junan Securities Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.12/0.84
=9.67

* 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 Guotai Junan Securities Co was 15.62. The lowest was 9.49. And the median was 12.07.


Be Aware

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


Guotai Junan Securities Co E10 Related Terms

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


Guotai Junan Securities Co (HKSE:02611) Business Description

Traded in Other Exchanges
Address
No. 768 Nanjing West Road, Guotai Junan Mansion, Jingan District, Shanghai, CHN, 200041
Guotai Junan Securities Co Ltd is engaged in providing brokerage services, corporate finance, asset management services, and loans and financing services. Its segments include wealth management, investment banking, institutional and trading, investment management, international business and other segments. The company derives most of its revenue from the institutional and trading segment which consists of research, institutional brokerage, trading and investment; and equity investment.
Executives
A9 Usd (feeder) L.p. 2201 Interest of corporation controlled by you
Ward Jacqueline Mary Le Maitre 2301 Trustee
Guille Andrew William 2301 Trustee
Diamond Holding Sarl 2201 Interest of corporation controlled by you
Diamond Acquisitionco Sarl 2101 Beneficial owner
Apax Ix Usd L.p. 2201 Interest of corporation controlled by you
Apax Ix Usd Gp L.p. Inc. 2201 Interest of corporation controlled by you
Apax Ix Gp Co. Limited 2201 Interest of corporation controlled by you
Apax Guernsey (holdco) Pcc Limited 2201 Interest of corporation controlled by you
Sihchong Kong Investment Holdings Limited 2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Shang Hai Guo Ji Ji Tuan You Xian Gong Si 2101 Beneficial owner
Shang Hai Guo You Zi Chan Jing Ying You Xian Gong Si 2101 Beneficial owner
New China Asset Management Company Limited 2201 Interest of corporation controlled by you
New China Life Insurance Company Ltd. 2501 Other

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