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Photronics E10

: $0.65 (As of Apr. 2022)
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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.

Photronics's adjusted earnings per share data for the three months ended in Apr. 2022 was $0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.65 for the trailing ten years ended in Apr. 2022.

As of today (2022-08-18), Photronics's current stock price is $24.41. Photronics's E10 for the quarter that ended in Apr. 2022 was $0.65. Photronics's Shiller PE Ratio of today is 37.55.

During the past 13 years, the highest Shiller PE Ratio of Photronics was 39.66. The lowest was 18.38. And the median was 25.48.


Photronics E10 Historical Data

The historical data trend for Photronics'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.

Photronics Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.34 0.29 0.46 0.47 0.57

Photronics Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
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 0.53 0.55 0.57 0.61 0.65

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Photronics'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.

   

Photronics E10 Distribution

For the Semiconductors industry and Technology sector, Photronics's E10 distribution charts can be found below:

* The bar in red indicates where Photronics's E10 falls into.



Photronics 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, Photronics's adjusted earnings per share data for the three months ended in Apr. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2022 (Change)*Current CPI (Apr. 2022)
=0.45/121.9782*121.9782
=0.450

Current CPI (Apr. 2022) = 121.9782.

Photronics Quarterly Data

per share eps CPI Adj_EPS
201207 0.160 96.661 0.202
201210 0.060 97.595 0.075
201301 0.040 97.158 0.050
201304 0.080 98.107 0.099
201307 0.100 98.557 0.124
201310 0.080 98.536 0.099
201401 0.030 98.692 0.037
201404 0.220 100.023 0.268
201407 0.070 100.520 0.085
201410 0.070 100.176 0.085
201501 0.060 98.604 0.074
201504 0.140 99.824 0.171
201507 0.170 100.691 0.206
201510 0.250 100.346 0.304
201601 0.280 99.957 0.342
201604 0.160 100.947 0.193
201607 0.120 101.524 0.144
201610 0.080 101.988 0.096
201701 0.030 102.456 0.036
201704 0.030 103.167 0.035
201707 0.060 103.278 0.071
201710 0.080 104.070 0.094
201801 0.090 104.578 0.105
201804 0.150 105.708 0.173
201807 0.180 106.324 0.207
201810 0.180 106.695 0.206
201901 0.080 106.200 0.092
201904 0.130 107.818 0.147
201907 0.100 108.250 0.113
201910 0.150 108.577 0.169
202001 0.160 108.841 0.179
202004 0.100 108.173 0.113
202007 0.170 109.318 0.190
202010 0.100 109.861 0.111
202101 0.130 110.364 0.144
202104 0.170 112.673 0.184
202107 0.280 115.183 0.297
202110 0.330 116.696 0.345
202201 0.380 118.619 0.391
202204 0.450 121.978 0.450

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


Photronics  (NAS:PLAB) 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.

Photronics's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.41/0.65
=37.55

* 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 Photronics was 39.66. The lowest was 18.38. And the median was 25.48.


Be Aware

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


Photronics E10 Related Terms

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


Photronics Business Description

Photronics logo
Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
Photronics is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Asia contributing the majority of total revenue.
Executives
Lewis Adam M director 15 SECOR ROAD BROOKFIELD CT 06804
Liao Daniel Jl director 2045 EAST INNOVATION CIRCLE TEMPE AZ 85284
Paladino Mary director 15 SECOR ROAD BROOKFIELD CT 06804
Lee Kang Jyh officer: President, Asia IC Photomask 15 SECOR ROAD BROOKFIELD CT 06804
Jordan John P officer: SVP & Chief Financial Officer 600 EAST GREENWICH AVENUE WEST WARWICK RI 02893
Hsia Liang Choo director 15 SECOR RD. BROOKFIELD CT 06804
Gmt Capital Corp 10 percent owner GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339
Burr Richelle E officer: VP, General Counsel & Secy 15 SECOR RD BROOKFIELD CT 06804
Kirlin Peter S officer: Senior VP, U.S. & Europe 15 SECOR ROAD BROOKFIELD CT 06804
Progler Christopher J officer: VP,Chief Technology Officer 15 SECOR ROAD BROOKFIELD CT 06804
Jeong Soo Hong officer: COO, President-Asia Operations 15 SECOR ROAD BROOKFIELD CT 06804
Luttati Michael J director, officer: Chief Executive Officer 15 SECOR ROAD BROOKFIELD CT 06804
Maris Willem D director 15 SECOR ROAD BROOKFIELD CT 06804
Tyson Mitchell G director 15 SECOR ROAD BROOKFIELD CT 06804
Yomazzo Michael J director 15 SECOR ROAD PO BOX 5226 BROOKFIELD CT 06804

Photronics Headlines

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