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Arbor Technology (ROCO:3594) E10 : NT$1.10 (As of Mar. 2024)


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What is Arbor Technology 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.

Arbor Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arbor Technology's average E10 Growth Rate was -0.90% 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.

As of today (2024-06-25), Arbor Technology's current stock price is NT$43.60. Arbor Technology's E10 for the quarter that ended in Mar. 2024 was NT$1.10. Arbor Technology's Shiller PE Ratio of today is 39.64.

During the past 13 years, the highest Shiller PE Ratio of Arbor Technology was 884.21. The lowest was 20.67. And the median was 26.88.


Arbor Technology E10 Historical Data

The historical data trend for Arbor Technology'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.

Arbor Technology E10 Chart

Arbor Technology 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 - 1.05 0.97 1.07 -

Arbor Technology 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 1.11 1.10 1.11 - 1.10

Competitive Comparison of Arbor Technology's E10

For the Computer Hardware subindustry, Arbor Technology'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.


Arbor Technology's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arbor Technology's Shiller PE Ratio distribution charts can be found below:

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



Arbor Technology 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, Arbor Technology'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)
=0.19/131.7762*131.7762
=0.190

Current CPI (Mar. 2024) = 131.7762.

Arbor Technology Quarterly Data

per share eps CPI Adj_EPS
201406 0.441 100.560 0.578
201409 0.308 100.428 0.404
201412 0.767 99.070 1.020
201503 -0.264 99.621 -0.349
201506 0.238 100.684 0.311
201509 0.136 100.392 0.179
201512 0.581 99.792 0.767
201603 0.009 100.470 0.012
201606 0.091 101.688 0.118
201609 -0.425 101.861 -0.550
201612 0.536 101.863 0.693
201703 -1.063 102.862 -1.362
201706 0.629 103.349 0.802
201709 3.629 104.136 4.592
201712 -1.000 104.011 -1.267
201803 -0.591 105.290 -0.740
201806 0.381 106.317 0.472
201809 0.330 106.507 0.408
201812 0.204 105.998 0.254
201903 0.243 107.251 0.299
201906 0.350 108.070 0.427
201909 0.139 108.329 0.169
201912 -0.059 108.420 -0.072
202003 -0.456 108.902 -0.552
202006 0.258 108.767 0.313
202009 0.307 109.815 0.368
202012 0.011 109.897 0.013
202103 -0.120 111.754 -0.141
202106 0.130 114.631 0.149
202109 -0.003 115.734 -0.003
202112 0.290 117.630 0.325
202203 0.180 121.301 0.196
202206 0.230 125.017 0.242
202209 0.640 125.227 0.673
202212 0.410 125.222 0.431
202303 0.380 127.348 0.393
202306 0.550 128.729 0.563
202309 0.370 129.860 0.375
202312 0.000 129.419 0.000
202403 0.190 131.776 0.190

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


Arbor Technology  (ROCO:3594) 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.

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

Shiller PE Ratio=Share Price/E10
=43.60/1.1
=39.64

* 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 Arbor Technology was 884.21. The lowest was 20.67. And the median was 26.88.


Be Aware

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


Arbor Technology E10 Related Terms

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


Arbor Technology (ROCO:3594) Business Description

Traded in Other Exchanges
N/A
Address
No.700, Zhongzheng Road, 1Oth Floor, Zhonghe District, Taipei, TWN, 235
Arbor Technology Corp is a Taiwan-based company that engages in the manufacture and sale of computing platforms and mobility solutions. The company offers system integration, customer-centric design services, embedded systems, automation products, and logistics support. The Company is engaged in the R&D, assembly, combination, processing, manufacturing, and trading of industrial motherboards, computer products, peripheral devices, and electronic parts. The company operates in geographical areas of Taiwan, Mainland China, America, Europe, Korea, and Others.

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