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Shanghai SMI Holding Co (SHSE:600649) E10 : ¥0.49 (As of Dec. 2024)


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What is Shanghai SMI Holding 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.

Shanghai SMI Holding Co's adjusted earnings per share data for the three months ended in Dec. 2024 was ¥0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.49 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Shanghai SMI Holding Co's average E10 Growth Rate was -10.90% per year. During the past 3 years, the average E10 Growth Rate was -7.00% per year. During the past 5 years, the average E10 Growth Rate was -4.10% per year. During the past 10 years, the average E10 Growth Rate was 1.40% 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 Shanghai SMI Holding Co was 16.30% per year. The lowest was -7.00% per year. And the median was 5.50% per year.

As of today (2025-04-03), Shanghai SMI Holding Co's current stock price is ¥4.47. Shanghai SMI Holding Co's E10 for the quarter that ended in Dec. 2024 was ¥0.49. Shanghai SMI Holding Co's Shiller PE Ratio of today is 9.12.

During the past 13 years, the highest Shiller PE Ratio of Shanghai SMI Holding Co was 50.98. The lowest was 5.96. And the median was 9.31.


Shanghai SMI Holding Co E10 Historical Data

The historical data trend for Shanghai SMI Holding 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.

Shanghai SMI Holding Co E10 Chart

Shanghai SMI Holding Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.61 0.58 0.55 0.49

Shanghai SMI Holding Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.55 0.54 0.52 0.51 0.49

Competitive Comparison of Shanghai SMI Holding Co's E10

For the Real Estate - Development subindustry, Shanghai SMI Holding 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 SMI Holding Co's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai SMI Holding Co's Shiller PE Ratio distribution charts can be found below:

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


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Shanghai SMI Holding 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, Shanghai SMI Holding Co's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.19/114.8925*114.8925
=0.190

Current CPI (Dec. 2024) = 114.8925.

Shanghai SMI Holding Co Quarterly Data

per share eps CPI Adj_EPS
201503 0.360 99.900 0.414
201506 0.630 99.500 0.727
201509 0.060 100.500 0.069
201512 0.080 100.600 0.091
201603 0.220 102.200 0.247
201606 0.240 101.400 0.272
201609 0.140 102.400 0.157
201612 0.050 102.600 0.056
201703 0.200 103.200 0.223
201706 0.130 103.100 0.145
201709 0.050 104.100 0.055
201712 0.280 104.500 0.308
201803 0.160 105.300 0.175
201806 0.120 104.900 0.131
201809 0.070 106.600 0.075
201812 0.060 106.500 0.065
201903 0.120 107.700 0.128
201906 0.030 107.700 0.032
201909 0.050 109.800 0.052
201912 0.050 111.200 0.052
202003 0.020 112.300 0.020
202006 0.040 110.400 0.042
202009 0.060 111.700 0.062
202012 0.180 111.500 0.185
202103 0.070 112.662 0.071
202106 0.160 111.769 0.164
202109 0.070 112.215 0.072
202112 0.060 113.108 0.061
202203 0.190 114.335 0.191
202206 -0.020 114.558 -0.020
202209 -0.050 115.339 -0.050
202212 0.190 115.116 0.190
202303 0.020 115.116 0.020
202306 0.100 114.558 0.100
202309 0.000 115.339 0.000
202312 0.050 114.781 0.050
202403 -0.002 115.227 -0.002
202406 -0.038 114.781 -0.038
202409 -0.050 115.785 -0.050
202412 0.190 114.893 0.190

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


Shanghai SMI Holding Co  (SHSE:600649) 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 SMI Holding Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.47/0.49
=9.12

* 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 SMI Holding Co was 50.98. The lowest was 5.96. And the median was 9.31.


Be Aware

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


Shanghai SMI Holding Co E10 Related Terms

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


Shanghai SMI Holding Co Business Description

Traded in Other Exchanges
N/A
Address
No.130, Wusong Road, Hongkou District, Shanghai, CHN, 200125
Shanghai SMI Holding Co Ltd is a real estate company. The company is a provider of comprehensive real estate, environmental and venture capital services with impressive core competence in China. Its real estate business includes the development of land, the construction of housing and commercial housing such as office parks, office building, and others. The company's investment business mainly includes direct equity investment such as invests in the listed companies and private equity investment fund management includes PE and urban development funds.
Executives
Wu Shou Pei Director

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