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Avertronics (ROCO:3597) E10 : NT$1.33 (As of Sep. 2024)


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What is Avertronics 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.

Avertronics's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.33 for the trailing ten years ended in Sep. 2024.

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 (2024-12-11), Avertronics's current stock price is NT$41.75. Avertronics's E10 for the quarter that ended in Sep. 2024 was NT$1.33. Avertronics's Shiller PE Ratio of today is 31.39.

During the past 13 years, the highest Shiller PE Ratio of Avertronics was 36.99. The lowest was 15.90. And the median was 19.18.


Avertronics E10 Historical Data

The historical data trend for Avertronics'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.

Avertronics E10 Chart

Avertronics 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 - - - - 1.33

Avertronics 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 - 1.33 1.34 1.24 1.33

Competitive Comparison of Avertronics's E10

For the Electronic Components subindustry, Avertronics'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.


Avertronics's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Avertronics 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, Avertronics'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)
=0.42/133.0289*133.0289
=0.420

Current CPI (Sep. 2024) = 133.0289.

Avertronics Quarterly Data

per share eps CPI Adj_EPS
201106 0.291 95.235 0.406
201112 0.024 95.213 0.034
201206 0.045 96.819 0.062
201212 -0.064 96.871 -0.088
201306 0.291 98.518 0.393
201312 0.151 98.326 0.204
201406 0.064 100.560 0.085
201412 0.491 99.070 0.659
201506 0.027 100.684 0.036
201512 0.746 99.792 0.994
201606 0.082 101.688 0.107
201612 0.258 101.863 0.337
201706 -0.350 103.349 -0.451
201712 0.400 104.011 0.512
201806 0.940 106.317 1.176
201809 0.725 106.507 0.906
201812 -0.167 105.998 -0.210
201903 0.362 107.251 0.449
201906 0.196 108.070 0.241
201909 0.225 108.329 0.276
201912 0.245 108.420 0.301
202003 0.078 108.902 0.095
202006 0.343 108.767 0.420
202009 0.500 109.815 0.606
202012 0.310 109.897 0.375
202103 0.390 111.754 0.464
202106 0.560 114.631 0.650
202109 0.620 115.734 0.713
202112 0.430 117.630 0.486
202203 0.160 121.301 0.175
202206 0.510 125.017 0.543
202209 1.030 125.227 1.094
202212 0.220 125.222 0.234
202303 0.020 127.348 0.021
202306 0.320 128.729 0.331
202309 0.150 129.860 0.154
202312 -0.270 129.419 -0.278
202403 0.170 131.776 0.172
202406 0.170 132.554 0.171
202409 0.420 133.029 0.420

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


Avertronics  (ROCO:3597) 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.

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

Shiller PE Ratio=Share Price/E10
=41.75/1.33
=31.39

* 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 Avertronics was 36.99. The lowest was 15.90. And the median was 19.18.


Be Aware

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


Avertronics E10 Related Terms

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


Avertronics Business Description

Traded in Other Exchanges
N/A
Address
No 10 Gong Yecyu 19th Road, Taichung Industrial Zone, Taichung, TWN
Avertronics Inc operates as a contract manufacturer for connector, wire-harness, wireless control and lighting control system products in Taiwan. Its products are used in automotive electronics, electrical machinery, photoelectric information, health care, lighting, and other optoelectronic industry.

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