GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GFC Ltd (ROCO:4506) » Definitions » E10

GFC (ROCO:4506) E10 : NT$4.56 (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is GFC 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.

GFC's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$1.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GFC's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 14.20% 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 GFC was 14.60% per year. The lowest was 14.20% per year. And the median was 14.40% per year.

As of today (2024-06-20), GFC's current stock price is NT$108.00. GFC's E10 for the quarter that ended in Mar. 2024 was NT$4.56. GFC's Shiller PE Ratio of today is 23.68.

During the past 13 years, the highest Shiller PE Ratio of GFC was 26.75. The lowest was 16.55. And the median was 19.27.


GFC E10 Historical Data

The historical data trend for GFC'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.

GFC E10 Chart

GFC 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 2.63 2.95 3.46 3.96 4.39

GFC 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 4.09 4.21 4.33 4.39 4.56

Competitive Comparison of GFC's E10

For the Specialty Industrial Machinery subindustry, GFC'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.


GFC's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GFC's Shiller PE Ratio distribution charts can be found below:

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



GFC 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, GFC'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)
=1.39/131.7762*131.7762
=1.390

Current CPI (Mar. 2024) = 131.7762.

GFC Quarterly Data

per share eps CPI Adj_EPS
201406 0.490 100.560 0.642
201409 0.460 100.428 0.604
201412 0.480 99.070 0.638
201503 0.678 99.621 0.897
201506 0.760 100.684 0.995
201509 0.800 100.392 1.050
201512 0.230 99.792 0.304
201603 1.118 100.470 1.466
201606 0.900 101.688 1.166
201609 0.730 101.861 0.944
201612 0.419 101.863 0.542
201703 2.040 102.862 2.613
201706 0.760 103.349 0.969
201709 0.820 104.136 1.038
201712 0.745 104.011 0.944
201803 1.180 105.290 1.477
201806 0.800 106.317 0.992
201809 0.750 106.507 0.928
201812 0.900 105.998 1.119
201903 1.160 107.251 1.425
201906 0.910 108.070 1.110
201909 0.880 108.329 1.070
201912 0.890 108.420 1.082
202003 1.120 108.902 1.355
202006 0.880 108.767 1.066
202009 1.220 109.815 1.464
202012 0.880 109.897 1.055
202103 1.070 111.754 1.262
202106 1.030 114.631 1.184
202109 1.200 115.734 1.366
202112 1.090 117.630 1.221
202203 1.520 121.301 1.651
202206 1.020 125.017 1.075
202209 1.340 125.227 1.410
202212 0.900 125.222 0.947
202303 1.360 127.348 1.407
202306 1.380 128.729 1.413
202309 1.370 129.860 1.390
202312 0.940 129.419 0.957
202403 1.390 131.776 1.390

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


GFC  (ROCO:4506) 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.

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

Shiller PE Ratio=Share Price/E10
=108.00/4.56
=23.68

* 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 GFC was 26.75. The lowest was 16.55. And the median was 19.27.


Be Aware

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


GFC E10 Related Terms

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


GFC (ROCO:4506) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Nanjing East Road, 13th Floor, Section 2, Taipei, TWN
GFC Ltd is engaged in providing services like elevators, escalators, vacuum elevators, nuva pneumatic, and others. The company's products are used in offices and factories, shopping malls, hotels, mansions, hospitals, and others. Its segment includes Sales; Maintenance and other. The company generates maximum revenue from the Sales segment.

GFC (ROCO:4506) Headlines

No Headlines