Zhejiang Dingli Machinery Co (SHSE:603338) E10: ¥2.12 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603338 Zhejiang Dingli Machinery Co Ltd SHSE:603338
99 GF Score
Price ¥56.81
GF Value ¥72.40
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Zhejiang Dingli Machinery Co E10?

Zhejiang Dingli Machinery Co SHSE:603338 -2.12% 99 E10 is ¥2.12 as of Mar. 2026. GuruFocus rates SHSE:603338 with a GF Score™ of 99/100 and a GF Value™ of ¥72.40 (Modestly Undervalued). The stock has 1 warning sign investors should review.

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.

Zhejiang Dingli Machinery Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥2.12 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zhejiang Dingli Machinery Co's average E10 Growth Rate was 21.10% 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.

As of today (2026-08-04), Zhejiang Dingli Machinery Co's current stock price is ¥56.81. Zhejiang Dingli Machinery Co's E10 for the quarter that ended in Mar. 2026 was ¥2.12. Zhejiang Dingli Machinery Co's Shiller PE Ratio of today is 26.80.

During the past 13 years, the highest Shiller PE Ratio of Zhejiang Dingli Machinery Co was 49.80. The lowest was 20.51. And the median was 34.89.


Zhejiang Dingli Machinery Co  (SHSE:603338) 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.

Zhejiang Dingli Machinery Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=56.81/2.12
=26.80

* 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 Zhejiang Dingli Machinery Co was 49.80. The lowest was 20.51. And the median was 34.89.


Be Aware

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


Zhejiang Dingli Machinery Co E10 Related Terms


Zhejiang Dingli Machinery Co E10 Historical Data

* Premium members only.

The historical data trend for Zhejiang Dingli Machinery 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.

Zhejiang Dingli Machinery Co E10 Chart

Zhejiang Dingli Machinery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.38 1.67 2.03

Zhejiang Dingli Machinery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 1.86 1.97 2.03 2.12

SHSE:603338 vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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.


Zhejiang Dingli Machinery Co Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's Shiller PE Ratio distribution charts can be found below:

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


SHSE:603338
99GF Score
Zhejiang Dingli Machinery Co Ltd SHSE:603338
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Dingli Machinery 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, Zhejiang Dingli Machinery Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.89/116.3033*116.3033
=0.890

Current CPI (Mar. 2026) = 116.3033.

Zhejiang Dingli Machinery Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.124 101.400 0.142
201609 0.109 102.400 0.124
201612 0.095 102.600 0.108
201703 0.149 103.200 0.168
201706 0.187 103.100 0.211
201709 0.173 104.100 0.193
201712 0.122 104.500 0.136
201803 0.143 105.300 0.158
201806 0.279 104.900 0.309
201809 0.393 106.600 0.429
201812 0.179 106.500 0.195
201903 0.207 107.700 0.224
201906 0.333 107.700 0.360
201909 0.380 109.800 0.403
201912 0.520 111.200 0.544
202003 0.250 112.300 0.259
202006 0.590 110.400 0.622
202009 0.440 111.700 0.458
202012 0.090 111.500 0.094
202103 0.350 112.662 0.361
202106 0.690 111.769 0.718
202109 0.460 112.215 0.477
202112 0.320 113.108 0.329
202203 0.390 114.335 0.397
202206 0.740 114.558 0.751
202209 0.600 115.339 0.605
202212 0.750 115.116 0.758
202303 0.630 115.116 0.636
202306 1.010 114.558 1.025
202309 0.910 115.339 0.918
202312 1.140 114.781 1.155
202403 0.600 115.227 0.606
202406 1.030 114.781 1.044
202409 1.250 115.785 1.256
202412 0.340 114.893 0.344
202503 0.850 115.116 0.859
202506 1.230 114.907 1.245
202509 1.070 115.471 1.078
202512 0.600 115.832 0.602
202603 0.890 116.303 0.890

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of ¥2.12 mean?
Zhejiang Dingli Machinery Co (SHSE:603338) has a E10 of ¥2.12 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zhejiang Dingli Machinery Co and its competitors.
Is Zhejiang Dingli Machinery Co's E10 too high?
Zhejiang Dingli Machinery Co's current E10 is ¥2.12. Overall, Zhejiang Dingli Machinery Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Dingli Machinery Co's E10 compare to CAT and DE?
Zhejiang Dingli Machinery Co's E10 of ¥2.12 can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zhejiang Dingli Machinery Co and its competitors. Zhejiang Dingli Machinery Co's current E10 is ¥2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Dingli Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co (SHSE:603338) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥72.40, compared to a current price of ¥56.81 — trading 21.5% below its estimated fair value. The current E10 is ¥2.12. Zhejiang Dingli Machinery Co's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Zhejiang Dingli Machinery Co (SHSE:603338), the current E10 is ¥2.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zhejiang Dingli Machinery Co (SHSE:603338) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co stock appears to be undervalued. The current stock price of ¥56.81 is trading 21.5% below its estimated GF Value™ of ¥72.40. GuruFocus considers Zhejiang Dingli Machinery Co to be Modestly Undervalued.

Key valuation signals for SHSE:603338:

  • E10: ¥2.12
  • GF Value™: ¥72.40 vs. price of ¥56.81 (21.5% below fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the SHSE:603338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Dingli Machinery Co Business Description

Address No. 188, Qihang Road, Deqing County, Zhejiang Province, Huzhou, CHN, 313219
Zhejiang Dingli Machinery Co Ltd is engaged in the research and development, production, and sales of aerial work machinery and industrial vehicles. The company manufactures a range of aerial work platforms, including electric, diesel, and hybrid boom lifts, scissor lifts, mast lifts, and specialized models. Its products are applied across industrial, commercial, construction, and engineering sectors, as well as in logistics, petrochemicals, shipbuilding, and specialized fields such as power grids, nuclear facilities, high-speed rail, airports, and tunnels.
99GF Score

Get the complete analysis for SHSE:603338

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥56.81
Price
¥72.40
GF Value