AA Industrial Belting (Shanghai) Co (SHSE:603580) E10: ¥0.20 (As of Mar. 2026)

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SHSE:603580 AA Industrial Belting (Shanghai) Co Ltd SHSE:603580
62 GF Score
Price ¥59.58
GF Value ¥35.65
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is AA Industrial Belting (Shanghai) Co E10?

AA Industrial Belting (Shanghai) Co SHSE:603580 +2.78% 62 E10 is ¥0.20 as of Mar. 2026. GuruFocus rates SHSE:603580 with a GF Score™ of 62/100 and a GF Value™ of ¥35.65 (Significantly Overvalued). The stock has 9 warning signs 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.

AA Industrial Belting (Shanghai) Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.021. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, AA Industrial Belting (Shanghai) Co's average E10 Growth Rate was 5.30% 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 (2026-07-30), AA Industrial Belting (Shanghai) Co's current stock price is ¥59.58. AA Industrial Belting (Shanghai) Co's E10 for the quarter that ended in Mar. 2026 was ¥0.20. AA Industrial Belting (Shanghai) Co's Shiller PE Ratio of today is 297.90.

During the past 13 years, the highest Shiller PE Ratio of AA Industrial Belting (Shanghai) Co was 308.30. The lowest was 36.00. And the median was 86.75.


AA Industrial Belting (Shanghai) Co  (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=59.58/0.20
=297.90

* 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 AA Industrial Belting (Shanghai) Co was 308.30. The lowest was 36.00. And the median was 86.75.


Be Aware

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


AA Industrial Belting (Shanghai) Co E10 Related Terms


AA Industrial Belting (Shanghai) Co E10 Historical Data

* Premium members only.

The historical data trend for AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) Co E10 Chart

AA Industrial Belting (Shanghai) 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 0.22 0.19 0.20

AA Industrial Belting (Shanghai) 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 0.19 0.18 0.18 0.20 0.20

SHSE:603580 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, AA Industrial Belting (Shanghai) 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.


AA Industrial Belting (Shanghai) Co Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Industrial Belting (Shanghai) Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where AA Industrial Belting (Shanghai) Co's Shiller PE Ratio falls into.


SHSE:603580
62GF Score
AA Industrial Belting (Shanghai) Co Ltd SHSE:603580
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AA Industrial Belting (Shanghai) 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, AA Industrial Belting (Shanghai) 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)
=0.021/116.3033*116.3033
=0.021

Current CPI (Mar. 2026) = 116.3033.

AA Industrial Belting (Shanghai) Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.072 101.400 0.083
201609 0.098 102.400 0.111
201612 0.092 102.600 0.104
201703 0.053 103.200 0.060
201706 0.079 103.100 0.089
201709 0.068 104.100 0.076
201712 0.045 104.500 0.050
201803 0.030 105.300 0.033
201806 0.103 104.900 0.114
201809 0.107 106.600 0.117
201812 0.034 106.500 0.037
201903 0.036 107.700 0.039
201906 0.084 107.700 0.091
201909 0.085 109.800 0.090
201912 0.067 111.200 0.070
202003 0.027 112.300 0.028
202006 0.099 110.400 0.104
202009 0.070 111.700 0.073
202012 0.037 111.500 0.039
202103 0.033 112.662 0.034
202106 0.114 111.769 0.119
202109 0.093 112.215 0.096
202112 0.021 113.108 0.022
202203 -0.002 114.335 -0.002
202206 0.016 114.558 0.016
202209 0.009 115.339 0.009
202212 -0.045 115.116 -0.045
202303 0.004 115.116 0.004
202306 0.013 114.558 0.013
202309 0.012 115.339 0.012
202312 -0.011 114.781 -0.011
202403 0.009 115.227 0.009
202406 0.016 114.781 0.016
202409 0.019 115.785 0.019
202412 -0.112 114.893 -0.113
202503 0.041 115.116 0.041
202506 0.029 114.907 0.029
202509 0.032 115.471 0.032
202512 0.234 115.832 0.235
202603 0.021 116.303 0.021

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 ¥0.20 mean?
AA Industrial Belting (Shanghai) Co (SHSE:603580) has a E10 of ¥0.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AA Industrial Belting (Shanghai) Co and its competitors.
Is AA Industrial Belting (Shanghai) Co's E10 too high?
AA Industrial Belting (Shanghai) Co's current E10 is ¥0.20. Overall, AA Industrial Belting (Shanghai) Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AA Industrial Belting (Shanghai) Co's E10 compare to GEV and ETN?
AA Industrial Belting (Shanghai) Co's E10 of ¥0.20 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 AA Industrial Belting (Shanghai) Co and its competitors. AA Industrial Belting (Shanghai) Co's current E10 is ¥0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AA Industrial Belting (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, AA Industrial Belting (Shanghai) Co (SHSE:603580) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥35.65, compared to a current price of ¥59.58 — trading 67.1% above its estimated fair value. The current E10 is ¥0.20. AA Industrial Belting (Shanghai) Co's overall GF Score™ is 62/100 with 9 warning signs 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 AA Industrial Belting (Shanghai) Co (SHSE:603580), the current E10 is ¥0.20 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 AA Industrial Belting (Shanghai) Co (SHSE:603580) Overvalued in 2026?

Based on GuruFocus' analysis, AA Industrial Belting (Shanghai) Co stock appears to be overvalued. The current stock price of ¥59.58 is trading 67.1% above its estimated GF Value™ of ¥35.65. GuruFocus considers AA Industrial Belting (Shanghai) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603580:

  • E10: ¥0.20
  • GF Value™: ¥35.65 vs. price of ¥59.58 (67.1% above fair value)
  • GF Score™: 62/100 with 9 warning signs

No single metric tells the full story. See the SHSE:603580 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AA Industrial Belting (Shanghai) Co Business Description

Address 580 Xiangyin Road, Shanghai, CHN, 200433
AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tyre, tobacco, and aluminum industry.
62GF Score

Get the complete analysis for SHSE:603580

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

¥59.58
Price
¥35.65
GF Value