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.
Shanghai Zhenhua Heavy Industries Co's adjusted earnings per share data for the three months ended in Dec. 2024 was ¥0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.08 for the trailing ten years ended in Dec. 2024.
During the past 3 years, the average E10 Growth Rate was 26.00% 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 Shanghai Zhenhua Heavy Industries Co was 38.70% per year. The lowest was -48.90% per year. And the median was -7.25% 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 Shanghai Zhenhua Heavy Industries Co's E10
For the Specialty Industrial Machinery subindustry, Shanghai Zhenhua Heavy Industries 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.
Shanghai Zhenhua Heavy Industries Co's Shiller PE Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shanghai Zhenhua Heavy Industries Co's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Shanghai Zhenhua Heavy Industries Co's Shiller PE Ratio falls into.
Shanghai Zhenhua Heavy Industries 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.
Shanghai Zhenhua Heavy Industries Co Quarterly Data
per share eps
CPI
Adj_EPS
201503
0.008
99.900
0.009
201506
0.017
99.500
0.020
201509
0.008
100.500
0.009
201512
0.008
100.600
0.009
201603
0.008
102.200
0.009
201606
0.011
101.400
0.012
201609
0.008
102.400
0.009
201612
0.008
102.600
0.009
201703
0.017
103.200
0.019
201706
0.008
103.100
0.009
201709
0.011
104.100
0.012
201712
0.028
104.500
0.031
201803
0.016
105.300
0.017
201806
0.014
104.900
0.015
201809
0.006
106.600
0.006
201812
0.043
106.500
0.046
201903
0.019
107.700
0.020
201906
0.023
107.700
0.025
201909
0.004
109.800
0.004
201912
0.054
111.200
0.056
202003
-0.018
112.300
-0.018
202006
0.021
110.400
0.022
202009
0.033
111.700
0.034
202012
0.044
111.500
0.045
202103
0.004
112.662
0.004
202106
0.010
111.769
0.010
202109
0.009
112.215
0.009
202112
0.057
113.108
0.058
202203
0.002
114.335
0.002
202206
0.000
114.558
0.000
202209
0.010
115.339
0.010
202212
0.058
115.116
0.058
202303
0.024
115.116
0.024
202306
0.028
114.558
0.028
202309
0.006
115.339
0.006
202312
0.042
114.781
0.042
202403
0.031
115.227
0.031
202406
0.026
114.781
0.026
202409
0.023
115.785
0.023
202412
0.020
114.893
0.020
Add all the adjusted EPS together and divide 10 will get our e10.
Shanghai Zhenhua Heavy Industries Co (SHSE:600320) 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.
Shanghai Zhenhua Heavy Industries 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 Shanghai Zhenhua Heavy Industries Co was 454.00. The lowest was 22.73. And the median was 54.00.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Shanghai Zhenhua Heavy Industries Co E10 Related Terms
Thank you for viewing the detailed overview of Shanghai Zhenhua Heavy Industries Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Shanghai Zhenhua Heavy Industries Co Business Description
Shanghai Zhenhua Heavy Industries Co Ltd manufactures heavy equipment and offers product design and aftermarket services. It constructs large port loading systems and equipment, offshore heavy equipment, engineering machinery, ships, and other large structures. In addition, the company offers environment-friendly devices, including wind power, sea water desalination, sewage treatment, and recycling equipment. Research centers and technologies help meet customers' needs, and provide innovative solutions to enhance operational performance. Offices with regional parts are scattered across the globe to supply timely responses and support preventive maintenance. The majority of total revenue comes from Asia, but the company has diversified operations to several continents.
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