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Bionet (ROCO:1784) E10 : NT$0.51 (As of Sep. 2024)


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What is Bionet 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.

Bionet's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.51 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Bionet's average E10 Growth Rate was 4.10% per year. During the past 3 years, the average E10 Growth Rate was 1.40% 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 Bionet was 9.50% per year. The lowest was 1.40% per year. And the median was 5.45% per year.

As of today (2025-03-02), Bionet's current stock price is NT$84.30. Bionet's E10 for the quarter that ended in Sep. 2024 was NT$0.51. Bionet's Shiller PE Ratio of today is 165.29.

During the past 13 years, the highest Shiller PE Ratio of Bionet was 266.40. The lowest was 62.90. And the median was 83.02.


Bionet E10 Historical Data

The historical data trend for Bionet'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.

Bionet E10 Chart

Bionet 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 0.35 0.48 0.52 0.46 0.50

Bionet Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.49 0.50 0.50 0.51 0.51

Competitive Comparison of Bionet's E10

For the Diagnostics & Research subindustry, Bionet'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.


Bionet's Shiller PE Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Bionet's Shiller PE Ratio distribution charts can be found below:

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



Bionet 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, Bionet's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.23/133.0289*133.0289
=0.230

Current CPI (Sep. 2024) = 133.0289.

Bionet Quarterly Data

per share eps CPI Adj_EPS
201412 -0.018 99.070 -0.024
201503 0.171 99.621 0.228
201506 0.108 100.684 0.143
201509 0.090 100.392 0.119
201512 0.063 99.792 0.084
201603 0.036 100.470 0.048
201606 -0.081 101.688 -0.106
201609 -0.054 101.861 -0.071
201612 -0.074 101.863 -0.097
201703 -0.027 102.862 -0.035
201706 -0.054 103.349 -0.070
201709 -0.045 104.136 -0.057
201712 0.018 104.011 0.023
201803 0.171 105.290 0.216
201806 0.072 106.317 0.090
201809 0.072 106.507 0.090
201812 0.126 105.998 0.158
201903 0.162 107.251 0.201
201906 -0.018 108.070 -0.022
201909 -0.004 108.329 -0.005
201912 -0.009 108.420 -0.011
202003 0.099 108.902 0.121
202006 -0.003 108.767 -0.004
202009 0.027 109.815 0.033
202012 0.117 109.897 0.142
202103 0.225 111.754 0.268
202106 0.225 114.631 0.261
202109 0.099 115.734 0.114
202112 -0.045 117.630 -0.051
202203 0.090 121.301 0.099
202206 0.135 125.017 0.144
202209 0.306 125.227 0.325
202212 0.198 125.222 0.210
202303 0.440 127.348 0.460
202306 0.626 128.729 0.647
202309 0.360 129.860 0.369
202312 0.051 129.419 0.052
202403 0.422 131.776 0.426
202406 0.327 132.554 0.328
202409 0.230 133.029 0.230

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


Bionet  (ROCO:1784) 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.

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

Shiller PE Ratio=Share Price/E10
=84.30/0.51
=165.29

* 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 Bionet was 266.40. The lowest was 62.90. And the median was 83.02.


Be Aware

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


Bionet E10 Related Terms

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


Bionet Business Description

Traded in Other Exchanges
N/A
Address
No.28, Lane 36, Xinhu 1st Road, Neihu District, Taipei, TWN, 114065
Bionet Corp provides blood bank and stem cell services. It is a preservation center for stem cells such as Umbilical Cord Mesenchymal Stem Cells and Dental Pulp Stem Cell Stem.

Bionet Headlines

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