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.
Jiangxi Hongdu Aviation Industry Co's adjusted earnings per share data for the three months ended in Jun. 2024 was ¥0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.13 for the trailing ten years ended in Jun. 2024.
During the past 12 months, Jiangxi Hongdu Aviation Industry Co's average E10 Growth Rate was -13.30% per year.
During the past 5 years, the average E10 Growth Rate was -3.00% per year.
During the past 10 years, the average E10 Growth Rate was -5.00% 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 Jiangxi Hongdu Aviation Industry Co was 3.40% per year. The lowest was -9.70% per year. And the median was -4.00% per year.
* 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.
Competitive Comparison of Jiangxi Hongdu Aviation Industry Co's E10
For the Aerospace & Defense subindustry, Jiangxi Hongdu Aviation Industry 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.
Jiangxi Hongdu Aviation Industry Co's Shiller PE Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Jiangxi Hongdu Aviation Industry Co's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Jiangxi Hongdu Aviation Industry Co's Shiller PE Ratio falls into.
Jiangxi Hongdu Aviation Industry 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.
Jiangxi Hongdu Aviation Industry Co Quarterly Data
per share eps
CPI
Adj_EPS
201409
0.002
98.900
0.002
201412
0.116
99.000
0.134
201503
0.001
99.900
0.001
201506
0.020
99.500
0.023
201509
-0.006
100.500
-0.007
201512
0.094
100.600
0.107
201603
-0.037
102.200
-0.042
201606
0.038
101.400
0.043
201609
0.001
102.400
0.001
201612
0.014
102.600
0.016
201703
-0.040
103.200
-0.044
201706
-0.043
103.100
-0.048
201709
-0.039
104.100
-0.043
201712
0.165
104.500
0.181
201803
-0.026
105.300
-0.028
201806
-0.039
104.900
-0.043
201809
-0.038
106.600
-0.041
201812
0.304
106.500
0.328
201903
-0.062
107.700
-0.066
201906
-0.010
107.700
-0.011
201909
-0.040
109.800
-0.042
201912
0.227
111.200
0.234
202003
-0.016
112.300
-0.016
202006
0.030
110.400
0.031
202009
0.004
111.700
0.004
202012
0.167
111.500
0.172
202103
0.048
112.662
0.049
202106
0.033
111.769
0.034
202109
0.013
112.215
0.013
202112
0.118
113.108
0.120
202203
0.006
114.335
0.006
202206
0.012
114.558
0.012
202209
0.003
115.339
0.003
202212
0.175
115.116
0.174
202303
-0.013
115.116
-0.013
202306
0.022
114.558
0.022
202309
0.003
115.339
0.003
202312
0.033
114.781
0.033
202403
-0.013
115.227
-0.013
202406
0.018
114.781
0.018
Add all the adjusted EPS together and divide 10 will get our e10.
Jiangxi Hongdu Aviation Industry Co (SHSE:600316) 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.
Jiangxi Hongdu Aviation Industry Co's Shiller P/E Ratio of today is calculated as
* 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 Jiangxi Hongdu Aviation Industry Co was 437.46. The lowest was 52.27. And the median was 130.92.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Jiangxi Hongdu Aviation Industry Co E10 Related Terms
Thank you for viewing the detailed overview of Jiangxi Hongdu Aviation Industry Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangxi Hongdu Aviation Industry Co Business Description
Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade.
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