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Coretronic (ROCO:5371) E10 : NT$4.65 (As of Dec. 2024)


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What is Coretronic 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.

Coretronic's adjusted earnings per share data for the three months ended in Dec. 2024 was NT$0.490. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.65 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Coretronic's average E10 Growth Rate was -8.10% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 2.70% 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 Coretronic was 7.90% per year. The lowest was 1.90% per year. And the median was 3.30% per year.

As of today (2025-04-04), Coretronic's current stock price is NT$74.30. Coretronic's E10 for the quarter that ended in Dec. 2024 was NT$4.65. Coretronic's Shiller PE Ratio of today is 15.98.

During the past 13 years, the highest Shiller PE Ratio of Coretronic was 37.52. The lowest was 6.26. And the median was 14.10.


Coretronic E10 Historical Data

The historical data trend for Coretronic'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.

Coretronic E10 Chart

Coretronic Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.03 4.40 5.03 5.06 4.65

Coretronic Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.06 5.08 5.00 4.77 4.65

Competitive Comparison of Coretronic's E10

For the Consumer Electronics subindustry, Coretronic'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.


Coretronic's Shiller PE Ratio Distribution in the Hardware Industry

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

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


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Coretronic 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, Coretronic's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.49/133.1571*133.1571
=0.490

Current CPI (Dec. 2024) = 133.1571.

Coretronic Quarterly Data

per share eps CPI Adj_EPS
201503 0.663 99.621 0.886
201506 0.713 100.684 0.943
201509 1.260 100.392 1.671
201512 1.080 99.792 1.441
201603 0.580 100.470 0.769
201606 0.530 101.688 0.694
201609 1.340 101.861 1.752
201612 1.570 101.863 2.052
201703 0.630 102.862 0.816
201706 0.600 103.349 0.773
201709 0.950 104.136 1.215
201712 1.780 104.011 2.279
201803 0.440 105.290 0.556
201806 1.040 106.317 1.303
201809 1.530 106.507 1.913
201812 1.550 105.998 1.947
201903 0.210 107.251 0.261
201906 0.450 108.070 0.554
201909 1.070 108.329 1.315
201912 0.890 108.420 1.093
202003 0.010 108.902 0.012
202006 1.260 108.767 1.543
202009 1.330 109.815 1.613
202012 0.940 109.897 1.139
202103 0.920 111.754 1.096
202106 1.390 114.631 1.615
202109 1.440 115.734 1.657
202112 1.340 117.630 1.517
202203 1.210 121.301 1.328
202206 2.050 125.017 2.183
202209 1.760 125.227 1.871
202212 0.920 125.222 0.978
202303 0.640 127.348 0.669
202306 1.050 128.729 1.086
202309 1.180 129.860 1.210
202312 0.660 129.419 0.679
202403 0.360 131.776 0.364
202406 0.720 132.554 0.723
202409 0.520 133.029 0.521
202412 0.490 133.157 0.490

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


Coretronic  (ROCO:5371) 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.

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

Shiller PE Ratio=Share Price/E10
=74.30/4.65
=15.98

* 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 Coretronic was 37.52. The lowest was 6.26. And the median was 14.10.


Be Aware

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


Coretronic E10 Related Terms

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


Coretronic Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Li Hsing Road, East District, Hsinchu, TWN, 300
Coretronic Corp is engaged in the research and development, production, manufacturing and marketing of projectors, backlight, and FPD-related products. Its segments include energy-saving products, image products & brands, and optical components. The company's geographical segments are Mainland China (including Hong Kong), Taiwan, the United States, Japan, South Korea, Malaysia, the United Kingdom, and Others.

Coretronic Headlines

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