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Onto Innovation (STU:NNM) E10 : €1.87 (As of Jun. 2024)


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What is Onto Innovation 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.

Onto Innovation's adjusted earnings per share data for the three months ended in Jun. 2024 was €0.994. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.87 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Onto Innovation's average E10 Growth Rate was 24.80% per year. During the past 3 years, the average E10 Growth Rate was 24.10% per year. During the past 5 years, the average E10 Growth Rate was 16.80% 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 Onto Innovation was 24.10% per year. The lowest was -19.40% per year. And the median was 4.05% per year.

As of today (2024-09-25), Onto Innovation's current stock price is €177.00. Onto Innovation's E10 for the quarter that ended in Jun. 2024 was €1.87. Onto Innovation's Shiller PE Ratio of today is 94.65.

During the past 13 years, the highest Shiller PE Ratio of Onto Innovation was 124.67. The lowest was 22.43. And the median was 57.19.


Onto Innovation E10 Historical Data

The historical data trend for Onto Innovation'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.

Onto Innovation E10 Chart

Onto Innovation 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 0.84 0.72 1.01 1.36 1.59

Onto Innovation Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.48 1.62 1.59 1.71 1.87

Competitive Comparison of Onto Innovation's E10

For the Semiconductor Equipment & Materials subindustry, Onto Innovation'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.


Onto Innovation's Shiller PE Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Onto Innovation's Shiller PE Ratio falls into.



Onto Innovation 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, Onto Innovation's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.994/132.5538*132.5538
=0.994

Current CPI (Jun. 2024) = 132.5538.

Onto Innovation Quarterly Data

per share eps CPI Adj_EPS
201409 -0.029 100.428 -0.038
201412 0.040 99.070 0.054
201503 0.069 99.621 0.092
201506 0.210 100.684 0.276
201509 0.243 100.392 0.321
201512 0.102 99.792 0.135
201603 0.490 100.470 0.646
201606 0.265 101.688 0.345
201609 0.331 101.861 0.431
201612 0.223 101.863 0.290
201703 0.255 102.862 0.329
201706 0.320 103.349 0.410
201709 0.562 104.136 0.715
201712 -0.031 104.011 -0.040
201803 0.473 105.290 0.595
201806 0.478 106.317 0.596
201809 0.234 106.507 0.291
201812 0.283 105.998 0.354
201903 0.266 107.251 0.329
201906 0.195 108.070 0.239
201909 0.236 108.329 0.289
201912 -0.657 108.420 -0.803
202003 -0.081 108.902 -0.099
202006 0.133 108.767 0.162
202009 0.136 109.815 0.164
202012 0.329 109.897 0.397
202103 0.412 111.754 0.489
202106 0.589 114.631 0.681
202109 0.621 115.734 0.711
202112 0.832 117.630 0.938
202203 0.972 121.301 1.062
202206 0.974 125.017 1.033
202209 1.061 125.227 1.123
202212 1.265 125.222 1.339
202303 0.551 127.348 0.574
202306 0.489 128.729 0.504
202309 0.684 129.860 0.698
202312 0.559 129.419 0.573
202403 0.865 131.776 0.870
202406 0.994 132.554 0.994

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


Onto Innovation  (STU:NNM) 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.

Onto Innovation's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=177.00/1.87
=94.65

* 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 Onto Innovation was 124.67. The lowest was 22.43. And the median was 57.19.


Be Aware

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


Onto Innovation E10 Related Terms

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


Onto Innovation Business Description

Traded in Other Exchanges
Address
16 Jonspin Road, Wilmington, MA, USA, 01887
Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.

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