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Top Union Electronics (ROCO:6266) E10 : NT$1.70 (As of Jun. 2024)


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What is Top Union Electronics 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.

Top Union Electronics's adjusted earnings per share data for the three months ended in Jun. 2024 was NT$0.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.70 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Top Union Electronics's average E10 Growth Rate was 15.60% per year. During the past 3 years, the average E10 Growth Rate was 15.50% 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 Top Union Electronics was 15.50% per year. The lowest was 15.50% per year. And the median was 15.50% per year.

As of today (2024-09-22), Top Union Electronics's current stock price is NT$32.20. Top Union Electronics's E10 for the quarter that ended in Jun. 2024 was NT$1.70. Top Union Electronics's Shiller PE Ratio of today is 18.94.

During the past 13 years, the highest Shiller PE Ratio of Top Union Electronics was 26.95. The lowest was 13.04. And the median was 17.29.


Top Union Electronics E10 Historical Data

The historical data trend for Top Union Electronics'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.

Top Union Electronics E10 Chart

Top Union Electronics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.89 0.93 1.05 1.37

Top Union Electronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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 1.47 1.54 1.59 1.63 1.70

Competitive Comparison of Top Union Electronics's E10

For the Semiconductor Equipment & Materials subindustry, Top Union Electronics'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.


Top Union Electronics's Shiller PE Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Top Union Electronics's Shiller PE Ratio falls into.



Top Union Electronics 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, Top Union Electronics's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.75/132.5538*132.5538
=0.750

Current CPI (Jun. 2024) = 132.5538.

Top Union Electronics Quarterly Data

per share eps CPI Adj_EPS
201406 0.130 100.560 0.171
201409 0.143 100.428 0.189
201412 0.227 99.070 0.304
201503 0.253 99.621 0.337
201506 0.240 100.684 0.316
201509 0.154 100.392 0.203
201512 0.547 99.792 0.727
201603 0.190 100.470 0.251
201606 0.035 101.688 0.046
201609 0.021 101.861 0.027
201612 0.323 101.863 0.420
201703 -0.007 102.862 -0.009
201706 0.281 103.349 0.360
201709 0.323 104.136 0.411
201712 0.309 104.011 0.394
201803 0.168 105.290 0.212
201806 0.520 106.317 0.648
201809 0.701 106.507 0.872
201812 0.572 105.998 0.715
201903 0.392 107.251 0.484
201906 0.105 108.070 0.129
201909 0.369 108.329 0.452
201912 0.444 108.420 0.543
202003 0.377 108.902 0.459
202006 0.294 108.767 0.358
202009 0.265 109.815 0.320
202012 0.171 109.897 0.206
202103 0.281 111.754 0.333
202106 0.250 114.631 0.289
202109 0.300 115.734 0.344
202112 0.427 117.630 0.481
202203 0.477 121.301 0.521
202206 0.601 125.017 0.637
202209 0.686 125.227 0.726
202212 0.831 125.222 0.880
202303 0.629 127.348 0.655
202306 0.660 128.729 0.680
202309 0.543 129.860 0.554
202403 0.572 131.776 0.575
202406 0.750 132.554 0.750

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


Top Union Electronics  (ROCO:6266) 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.

Top Union Electronics's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=32.20/1.7
=18.94

* 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 Top Union Electronics was 26.95. The lowest was 13.04. And the median was 17.29.


Be Aware

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


Top Union Electronics E10 Related Terms

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


Top Union Electronics Business Description

Traded in Other Exchanges
N/A
Address
No. 480, Niupu East Road, Hsinchu, TWN
Top Union Electronics Corp is principally engaged in the design, manufacture, and technical support of electronic products and communication equipment, as well as providing surface mount technology (SMT) services, processing, and international trade business.

Top Union Electronics Headlines

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