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.
Tangshannyou Chemical Industries Co's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.038. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.52 for the trailing ten years ended in Mar. 2024.
During the past 3 years, the average E10 Growth Rate was 6.50% per year.
During the past 5 years, the average E10 Growth Rate was 6.60% per year.
During the past 10 years, the average E10 Growth Rate was 11.70% 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 Tangshannyou Chemical Industries Co was 18.30% per year. The lowest was 6.50% per year. And the median was 9.90% 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 Tangshannyou Chemical Industries Co's E10
For the Specialty Chemicals subindustry, Tangshannyou Chemical 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.
Tangshannyou Chemical Industries Co's Shiller PE Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tangshannyou Chemical Industries Co's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Tangshannyou Chemical Industries Co's Shiller PE Ratio falls into.
Tangshannyou Chemical 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.
Tangshannyou Chemical Industries Co Quarterly Data
per share eps
CPI
Adj_EPS
201406
0.029
98.200
0.034
201409
0.116
98.900
0.135
201412
0.057
99.000
0.066
201503
0.021
99.900
0.024
201506
0.082
99.500
0.095
201509
0.077
100.500
0.088
201512
0.044
100.600
0.050
201603
0.069
102.200
0.078
201606
0.090
101.400
0.102
201609
0.149
102.400
0.168
201612
0.104
102.600
0.117
201703
0.276
103.200
0.308
201706
0.244
103.100
0.273
201709
0.243
104.100
0.269
201712
0.203
104.500
0.224
201803
0.212
105.300
0.232
201806
0.359
104.900
0.394
201809
0.177
106.600
0.191
201812
0.020
106.500
0.022
201903
0.093
107.700
0.099
201906
0.096
107.700
0.103
201909
0.067
109.800
0.070
201912
0.075
111.200
0.078
202003
-0.103
112.300
-0.106
202006
-0.027
110.400
-0.028
202009
0.146
111.700
0.151
202012
0.332
111.500
0.343
202103
0.288
112.662
0.295
202106
0.278
111.769
0.287
202109
0.172
112.215
0.177
202112
0.072
113.108
0.073
202203
0.116
114.335
0.117
202206
0.237
114.558
0.238
202209
0.107
115.339
0.107
202212
0.019
115.116
0.019
202303
-0.047
115.116
-0.047
202306
0.122
114.558
0.123
202309
0.093
115.339
0.093
202312
0.106
114.781
0.106
202403
0.038
115.227
0.038
Add all the adjusted EPS together and divide 10 will get our e10.
Tangshannyou Chemical Industries Co (SHSE:600409) 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.
Tangshannyou Chemical 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 Tangshannyou Chemical Industries Co was 57.95. The lowest was 9.19. And the median was 23.28.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Tangshannyou Chemical Industries Co E10 Related Terms
Thank you for viewing the detailed overview of Tangshannyou Chemical Industries Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Tangshannyou Chemical Industries Co (SHSE:600409) Business Description
Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.
Tangshannyou Chemical Industries Co (SHSE:600409) Headlines
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