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K Way Co (ROCO:5201) E10 : NT$1.54 (As of Mar. 2024)


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What is K Way Co 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.

K Way Co's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, K Way Co's average E10 Growth Rate was 10.00% per year. During the past 3 years, the average E10 Growth Rate was 10.90% 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 K Way Co was 15.30% per year. The lowest was 10.90% per year. And the median was 13.10% per year.

As of today (2024-06-13), K Way Co's current stock price is NT$27.70. K Way Co's E10 for the quarter that ended in Mar. 2024 was NT$1.54. K Way Co's Shiller PE Ratio of today is 17.99.

During the past 13 years, the highest Shiller PE Ratio of K Way Co was 38.39. The lowest was 18.70. And the median was 21.82.


K Way Co E10 Historical Data

The historical data trend for K Way Co'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.

K Way Co E10 Chart

K Way Co 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 0.90 1.10 1.30 1.38 1.50

K Way Co 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 1.40 1.49 1.46 1.50 1.54

Competitive Comparison of K Way Co's E10

For the Software - Application subindustry, K Way Co'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.


K Way Co's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, K Way Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where K Way Co's Shiller PE Ratio falls into.



K Way Co 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, K Way Co'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)
=0.32/131.7762*131.7762
=0.320

Current CPI (Mar. 2024) = 131.7762.

K Way Co Quarterly Data

per share eps CPI Adj_EPS
201406 0.420 100.560 0.550
201409 0.030 100.428 0.039
201412 0.590 99.070 0.785
201503 0.330 99.621 0.437
201506 -0.110 100.684 -0.144
201509 0.610 100.392 0.801
201512 0.420 99.792 0.555
201603 -0.290 100.470 -0.380
201606 -0.410 101.688 -0.531
201609 0.280 101.861 0.362
201612 0.380 101.863 0.492
201703 -0.450 102.862 -0.576
201706 0.080 103.349 0.102
201709 0.150 104.136 0.190
201712 0.430 104.011 0.545
201803 0.420 105.290 0.526
201806 0.250 106.317 0.310
201809 0.270 106.507 0.334
201812 0.400 105.998 0.497
201903 0.030 107.251 0.037
201906 0.460 108.070 0.561
201909 0.410 108.329 0.499
201912 0.430 108.420 0.523
202003 0.660 108.902 0.799
202006 1.140 108.767 1.381
202009 0.410 109.815 0.492
202012 0.870 109.897 1.043
202103 0.570 111.754 0.672
202106 -0.070 114.631 -0.080
202109 0.360 115.734 0.410
202112 0.700 117.630 0.784
202203 0.030 121.301 0.033
202206 -0.090 125.017 -0.095
202209 0.320 125.227 0.337
202212 0.290 125.222 0.305
202303 1.230 127.348 1.273
202306 0.690 128.729 0.706
202309 0.290 129.860 0.294
202312 0.220 129.419 0.224
202403 0.320 131.776 0.320

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


K Way Co  (ROCO:5201) 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.

K Way Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=27.70/1.54
=17.99

* 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 K Way Co was 38.39. The lowest was 18.70. And the median was 21.82.


Be Aware

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


K Way Co E10 Related Terms

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


K Way Co (ROCO:5201) Business Description

Traded in Other Exchanges
N/A
Address
Guangfu North Road, Songshan District, 5th Floor, No. 35, Lane 11, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.

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