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Chinalin Securities Co (SZSE:002945) E10 : ¥0.18 (As of Sep. 2024)


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What is Chinalin Securities 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.

Chinalin Securities Co's adjusted earnings per share data for the three months ended in Sep. 2024 was ¥0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.18 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Chinalin Securities Co's average E10 Growth Rate was -10.00% 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 (2024-12-12), Chinalin Securities Co's current stock price is ¥15.69. Chinalin Securities Co's E10 for the quarter that ended in Sep. 2024 was ¥0.18. Chinalin Securities Co's Shiller PE Ratio of today is 87.17.

During the past 13 years, the highest Shiller PE Ratio of Chinalin Securities Co was 97.89. The lowest was 55.24. And the median was 67.50.


Chinalin Securities Co E10 Historical Data

The historical data trend for Chinalin Securities 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.

Chinalin Securities Co E10 Chart

Chinalin Securities 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 - - - - 0.18

Chinalin Securities 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 0.20 0.18 0.18 0.17 0.18

Competitive Comparison of Chinalin Securities Co's E10

For the Capital Markets subindustry, Chinalin Securities 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.


Chinalin Securities Co's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Chinalin Securities Co's Shiller PE Ratio distribution charts can be found below:

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



Chinalin Securities 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, Chinalin Securities 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)
=0.06/115.7848*115.7848
=0.060

Current CPI (Sep. 2024) = 115.7848.

Chinalin Securities Co Quarterly Data

per share eps CPI Adj_EPS
200912 0.000 85.386 0.000
201012 0.000 89.289 0.000
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201512 0.000 100.600 0.000
201603 0.050 102.200 0.057
201612 0.000 102.600 0.000
201703 0.040 103.200 0.045
201706 0.000 103.100 0.000
201709 0.024 104.100 0.027
201712 0.071 104.500 0.079
201803 0.030 105.300 0.033
201806 0.050 104.900 0.055
201809 0.030 106.600 0.033
201812 0.030 106.500 0.033
201903 0.040 107.700 0.043
201906 0.030 107.700 0.032
201909 0.050 109.800 0.053
201912 0.050 111.200 0.052
202003 0.060 112.300 0.062
202006 0.050 110.400 0.052
202009 0.140 111.700 0.145
202012 0.060 111.500 0.062
202103 0.068 112.662 0.070
202106 0.082 111.769 0.085
202109 0.030 112.215 0.031
202112 0.000 113.108 0.000
202203 0.055 114.335 0.056
202206 0.055 114.558 0.056
202209 0.050 115.339 0.050
202212 0.010 115.116 0.010
202303 0.023 115.116 0.023
202306 0.017 114.558 0.017
202309 0.030 115.339 0.030
202312 -0.060 114.781 -0.061
202403 0.020 115.227 0.020
202406 0.030 114.781 0.030
202409 0.060 115.785 0.060

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


Chinalin Securities Co  (SZSE:002945) 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.

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

Shiller PE Ratio=Share Price/E10
=15.69/0.18
=87.17

* 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 Chinalin Securities Co was 97.89. The lowest was 55.24. And the median was 67.50.


Be Aware

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


Chinalin Securities Co E10 Related Terms

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


Chinalin Securities Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1-1, Chagu Avenue, No. 3, Building B, Juntai International Building, Liuyu New District, Lhasa, CHN, 850000
Chinalin Securities Co Ltd is engaged in securities brokerage, securities investment consulting, financial advisers related to securities trading and securities investment activities.
Executives
Li Hua Qiang Executives
Zhong Na Supervisors

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