GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tongwei Co Ltd (SHSE:600438) » Definitions » E10

Tongwei Co (SHSE:600438) E10 : ¥1.30 (As of Sep. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Tongwei Co 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.

Tongwei Co's adjusted earnings per share data for the three months ended in Sep. 2024 was ¥-0.193. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥1.30 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tongwei Co's average E10 Growth Rate was -11.60% per year. During the past 3 years, the average E10 Growth Rate was 51.80% per year. During the past 5 years, the average E10 Growth Rate was 43.40% 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 Tongwei Co was 53.20% per year. The lowest was 14.50% per year. And the median was 23.75% per year.

As of today (2025-03-03), Tongwei Co's current stock price is ¥20.90. Tongwei Co's E10 for the quarter that ended in Sep. 2024 was ¥1.30. Tongwei Co's Shiller PE Ratio of today is 16.08.

During the past 13 years, the highest Shiller PE Ratio of Tongwei Co was 135.15. The lowest was 13.16. And the median was 41.90.


Tongwei Co E10 Historical Data

The historical data trend for Tongwei Co'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.

Tongwei Co E10 Chart

Tongwei Co 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 0.32 0.40 0.58 1.15 1.40

Tongwei Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.40 1.39 1.32 1.30

Competitive Comparison of Tongwei Co's E10

For the Solar subindustry, Tongwei 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.


Tongwei Co's Shiller PE Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Tongwei Co's Shiller PE Ratio falls into.



Tongwei 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.

For example, Tongwei Co's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.193/115.7848*115.7848
=-0.193

Current CPI (Sep. 2024) = 115.7848.

Tongwei Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.000 99.000 0.000
201503 -0.028 99.900 -0.032
201506 0.074 99.500 0.086
201509 0.114 100.500 0.131
201512 0.059 100.600 0.068
201603 0.051 102.200 0.058
201606 0.147 101.400 0.168
201609 0.117 102.400 0.132
201612 0.033 102.600 0.037
201703 0.068 103.200 0.076
201706 0.136 103.100 0.153
201709 0.190 104.100 0.211
201712 0.124 104.500 0.137
201803 0.083 105.300 0.091
201806 0.154 104.900 0.170
201809 0.191 106.600 0.207
201812 0.093 106.500 0.101
201903 0.126 107.700 0.135
201906 0.247 107.700 0.266
201909 0.204 109.800 0.215
201912 0.096 111.200 0.100
202003 0.089 112.300 0.092
202006 0.159 110.400 0.167
202009 0.542 111.700 0.562
202012 0.044 111.500 0.046
202103 0.188 112.662 0.193
202106 0.471 111.769 0.488
202109 0.662 112.215 0.683
202112 0.481 113.108 0.492
202203 1.154 114.335 1.169
202206 1.464 114.558 1.480
202209 2.002 115.339 2.010
202212 0.871 115.116 0.876
202303 1.787 115.116 1.797
202306 0.955 114.558 0.965
202309 0.626 115.339 0.628
202312 -0.606 114.781 -0.611
202403 -0.175 115.227 -0.176
202406 -0.520 114.781 -0.525
202409 -0.193 115.785 -0.193

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


Tongwei Co  (SHSE:600438) 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.

Tongwei Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.90/1.30
=16.08

* 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 Tongwei Co was 135.15. The lowest was 13.16. And the median was 41.90.


Be Aware

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


Tongwei Co E10 Related Terms

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


Tongwei Co Business Description

Traded in Other Exchanges
N/A
Address
No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041
Tongwei is the largest polysilicon producer in the world. It produced 389 thousand metric tons of polysilicon in 2023, accounting for 27% of total production in China. Polysilicon contributed 32% of revenue and 65% of gross profit in 2023. Tongwei is also a global leading solar cell and module supplier.
Executives
Zhou Bin senior management
Xie Yi Director
Song Gang Jie senior management
Yang Shi Xian Supervisors
Shen Jin Zhu senior management
Duan Yong Director
Deng San Supervisors
Chen Ping Fu senior management
Zhang Lu senior management
Wang Shang Wen senior management
Guo Yi Zhong senior management
Yan Hu Director
Hong Rui senior management
Yuan Shi Hua senior management
Yan Bao Quan Supervisors

Tongwei Co Headlines

No Headlines