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Keystone Microtech (ROCO:6683) E10 : NT$11.36 (As of Mar. 2024)


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What is Keystone Microtech 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.

Keystone Microtech's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was NT$12.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$11.36 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-06-18), Keystone Microtech's current stock price is NT$ 382.50. Keystone Microtech's E10 for the fiscal year that ended in Dec. 2023 was NT$11.36. Keystone Microtech's Shiller PE Ratio of today is 33.67.

During the past 10 years, the highest Shiller PE Ratio of Keystone Microtech was 33.13. The lowest was 23.94. And the median was 25.62.


Keystone Microtech E10 Historical Data

The historical data trend for Keystone Microtech'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.

Keystone Microtech E10 Chart

Keystone Microtech 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 - - - - 11.36

Keystone Microtech 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 - - - 11.36 -

Competitive Comparison of Keystone Microtech's E10

For the Semiconductor Equipment & Materials subindustry, Keystone Microtech'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.


Keystone Microtech's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Keystone Microtech 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, Keystone Microtech's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.95/129.4194*129.4194
=12.950

Current CPI (Dec. 2023) = 129.4194.

Keystone Microtech Annual Data

per_share_eps CPI Adj_EPS
201412 0.000 99.070 0.000
201512 9.510 99.792 12.333
201612 6.830 101.863 8.678
201712 4.210 104.011 5.238
201812 5.840 105.998 7.130
201912 7.800 108.420 9.311
202012 12.250 109.897 14.426
202112 15.380 117.630 16.922
202212 14.800 125.222 15.296
202312 12.950 129.419 12.950

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


Keystone Microtech  (ROCO:6683) 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.

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

Shiller PE Ratio=Share Price/E10
=382.50/11.36
=33.67

* 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 10 years, the highest Shiller P/E Ratio of Keystone Microtech was 33.13. The lowest was 23.94. And the median was 25.62.


Be Aware

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


Keystone Microtech E10 Related Terms

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


Keystone Microtech (ROCO:6683) Business Description

Traded in Other Exchanges
N/A
Address
No. 431, Zhuangjing North Road, Hsinchu County, Zhubei, TWN, 302
Keystone Microtech Corp operates as a semiconductor device manufacturing company. The Company is mainly an important operating department engaged in the manufacture and sale of various circuit testing solutions for semiconductors, including IC front-end test solutions (probe cards and substrates), IC back-end test solutions (load boards and burn-in boards), and other related testing boards. Geographically, it operates in Taiwan, China & Others, out of which the majority is from Taiwan.

Keystone Microtech (ROCO:6683) Headlines

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