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Parade Technologies (ROCO:4966) E10 : NT$39.18 (As of Sep. 2024)


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What is Parade Technologies 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.

Parade Technologies's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$9.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$39.18 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Parade Technologies's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 19.90% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Parade Technologies was 36.10% per year. The lowest was 19.90% per year. And the median was 28.00% per year.

As of today (2025-03-02), Parade Technologies's current stock price is NT$682.00. Parade Technologies's E10 for the quarter that ended in Sep. 2024 was NT$39.18. Parade Technologies's Shiller PE Ratio of today is 17.41.

During the past 13 years, the highest Shiller PE Ratio of Parade Technologies was 77.99. The lowest was 16.90. And the median was 32.68.


Parade Technologies E10 Historical Data

The historical data trend for Parade Technologies'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.

Parade Technologies E10 Chart

Parade Technologies 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 13.80 21.70 29.01 34.81 37.36

Parade Technologies 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 37.27 37.36 38.30 38.75 39.18

Competitive Comparison of Parade Technologies's E10

For the Semiconductors subindustry, Parade Technologies'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.


Parade Technologies's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Parade Technologies's Shiller PE Ratio distribution charts can be found below:

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



Parade Technologies 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, Parade Technologies'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)
=9.54/133.0289*133.0289
=9.540

Current CPI (Sep. 2024) = 133.0289.

Parade Technologies Quarterly Data

per share eps CPI Adj_EPS
201412 4.040 99.070 5.425
201503 3.360 99.621 4.487
201506 3.560 100.684 4.704
201509 4.220 100.392 5.592
201512 3.890 99.792 5.186
201603 4.680 100.470 6.197
201606 4.560 101.688 5.965
201609 3.940 101.861 5.146
201612 4.430 101.863 5.785
201703 4.780 102.862 6.182
201706 5.740 103.349 7.388
201709 8.550 104.136 10.922
201712 5.490 104.011 7.022
201803 5.080 105.290 6.418
201806 4.630 106.317 5.793
201809 6.330 106.507 7.906
201812 8.650 105.998 10.856
201903 7.130 107.251 8.844
201906 6.840 108.070 8.420
201909 8.670 108.329 10.647
201912 7.720 108.420 9.472
202003 7.790 108.902 9.516
202006 10.540 108.767 12.891
202009 13.520 109.815 16.378
202012 11.960 109.897 14.477
202103 12.820 111.754 15.261
202106 15.620 114.631 18.127
202109 18.340 115.734 21.081
202112 18.050 117.630 20.413
202203 20.550 121.301 22.537
202206 22.180 125.017 23.601
202209 12.210 125.227 12.971
202212 5.610 125.222 5.960
202303 4.460 127.348 4.659
202306 5.400 128.729 5.580
202309 7.680 129.860 7.867
202312 8.020 129.419 8.244
202403 7.170 131.776 7.238
202406 7.090 132.554 7.115
202409 9.540 133.029 9.540

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


Parade Technologies  (ROCO:4966) 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.

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

Shiller PE Ratio=Share Price/E10
=682.00/39.18
=17.41

* 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 Parade Technologies was 77.99. The lowest was 16.90. And the median was 32.68.


Be Aware

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


Parade Technologies E10 Related Terms

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


Parade Technologies Business Description

Traded in Other Exchanges
N/A
Address
No. 335, Ruiguang Road, 14th Floor, Neihu District, Taipei, TWN, 114
Parade Technologies Ltd supplies mixed-signal integrated circuits for a variety of display and high-speed interface standards used in computers, consumer electronics, and display panels. The company's host of products serve customers with needs for display, storage, and interface applications. As a fabless semiconductor company, Parade manufactures and designs its integrated circuits, but outsources the fabrication of silicon wafers for semiconductors. The company has branch offices and subsidiaries dedicated to designing, engineering, support, and logistical services in Asian countries, but services a global customer base. Geographically the company generates revenue from Taiwan, China, South Korea, Japan and Others.

Parade Technologies Headlines

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