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Munsin Garment (ROCO:2916) E10 : NT$2.30 (As of Mar. 2024)


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What is Munsin Garment 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.

Munsin Garment's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$1.307. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Munsin Garment's average E10 Growth Rate was 19.80% per year. During the past 3 years, the average E10 Growth Rate was 17.70% 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 Munsin Garment was 17.70% per year. The lowest was 7.60% per year. And the median was 12.65% per year.

As of today (2024-06-08), Munsin Garment's current stock price is NT$60.70. Munsin Garment's E10 for the quarter that ended in Mar. 2024 was NT$2.30. Munsin Garment's Shiller PE Ratio of today is 26.39.

During the past 13 years, the highest Shiller PE Ratio of Munsin Garment was 26.78. The lowest was 0.10. And the median was 13.53.


Munsin Garment E10 Historical Data

The historical data trend for Munsin Garment'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.

Munsin Garment E10 Chart

Munsin Garment 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 1.43 1.34 1.44 1.78 2.17

Munsin Garment 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 1.93 2.04 2.11 2.17 2.30

Competitive Comparison of Munsin Garment's E10

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Shiller PE Ratio distribution charts can be found below:

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



Munsin Garment 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, Munsin Garment'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)
=1.307/131.7762*131.7762
=1.307

Current CPI (Mar. 2024) = 131.7762.

Munsin Garment Quarterly Data

per share eps CPI Adj_EPS
201406 0.095 100.560 0.124
201409 -0.153 100.428 -0.201
201412 0.944 99.070 1.256
201503 0.363 99.621 0.480
201506 0.267 100.684 0.349
201509 -0.114 100.392 -0.150
201512 0.887 99.792 1.171
201603 0.324 100.470 0.425
201606 0.057 101.688 0.074
201609 -0.124 101.861 -0.160
201612 0.754 101.863 0.975
201703 0.248 102.862 0.318
201706 0.134 103.349 0.171
201709 -0.019 104.136 -0.024
201712 0.897 104.011 1.136
201803 0.458 105.290 0.573
201806 0.229 106.317 0.284
201809 -0.095 106.507 -0.118
201812 0.859 105.998 1.068
201903 0.496 107.251 0.609
201906 0.248 108.070 0.302
201909 -0.210 108.329 -0.255
201912 0.792 108.420 0.963
202003 -0.076 108.902 -0.092
202006 0.238 108.767 0.288
202009 0.095 109.815 0.114
202012 1.278 109.897 1.532
202103 0.668 111.754 0.788
202106 -0.181 114.631 -0.208
202109 0.153 115.734 0.174
202112 1.755 117.630 1.966
202203 0.639 121.301 0.694
202206 0.219 125.017 0.231
202209 0.649 125.227 0.683
202212 1.622 125.222 1.707
202303 1.154 127.348 1.194
202306 1.078 128.729 1.104
202309 0.334 129.860 0.339
202312 1.822 129.419 1.855
202403 1.307 131.776 1.307

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


Munsin Garment  (ROCO:2916) 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.

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

Shiller PE Ratio=Share Price/E10
=60.70/2.3
=26.39

* 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 Munsin Garment was 26.78. The lowest was 0.10. And the median was 13.53.


Be Aware

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


Munsin Garment E10 Related Terms

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


Munsin Garment (ROCO:2916) Business Description

Traded in Other Exchanges
N/A
Address
NO.18, Wu-Chuan 6 Road, Wu-Gu District, New Taipei City, TWN
Munsin Garment Corp manufactures and trades garments knitwear. The company provides men's and women's apparels under brands named Munsingwear, Mcgregor, Eminento, NARA and Hazzys, among others.

Munsin Garment (ROCO:2916) Headlines

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