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GTM Holdings (TPE:1437) E10 : NT$2.35 (As of Jun. 2024)


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What is GTM Holdings 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.

GTM Holdings's adjusted earnings per share data for the three months ended in Jun. 2024 was NT$1.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.35 for the trailing ten years ended in Jun. 2024.

During the past 12 months, GTM Holdings's average E10 Growth Rate was 35.10% per year. During the past 3 years, the average E10 Growth Rate was 35.30% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of GTM Holdings was 35.30% per year. The lowest was 24.40% per year. And the median was 29.85% per year.

As of today (2024-09-21), GTM Holdings's current stock price is NT$36.00. GTM Holdings's E10 for the quarter that ended in Jun. 2024 was NT$2.35. GTM Holdings's Shiller PE Ratio of today is 15.32.

During the past 13 years, the highest Shiller PE Ratio of GTM Holdings was 31.00. The lowest was 13.68. And the median was 20.78.


GTM Holdings E10 Historical Data

The historical data trend for GTM Holdings'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.

GTM Holdings E10 Chart

GTM Holdings 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 0.80 0.90 1.27 1.54 2.23

GTM Holdings 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 1.74 1.91 2.23 2.29 2.35

Competitive Comparison of GTM Holdings's E10

For the Real Estate Services subindustry, GTM Holdings'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.


GTM Holdings's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, GTM Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where GTM Holdings's Shiller PE Ratio falls into.



GTM Holdings 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, GTM Holdings'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)
=1.07/132.5538*132.5538
=1.070

Current CPI (Jun. 2024) = 132.5538.

GTM Holdings Quarterly Data

per share eps CPI Adj_EPS
201409 0.067 100.428 0.088
201412 0.038 99.070 0.051
201503 0.162 99.621 0.216
201506 0.076 100.684 0.100
201509 0.105 100.392 0.139
201512 -0.095 99.792 -0.126
201603 0.295 100.470 0.389
201606 1.305 101.688 1.701
201609 0.295 101.861 0.384
201612 0.190 101.863 0.247
201703 0.657 102.862 0.847
201706 0.238 103.349 0.305
201709 0.350 104.136 0.446
201712 0.270 104.011 0.344
201803 0.420 105.290 0.529
201806 0.300 106.317 0.374
201809 0.330 106.507 0.411
201812 0.170 105.998 0.213
201903 0.640 107.251 0.791
201906 3.030 108.070 3.716
201909 0.360 108.329 0.441
201912 0.280 108.420 0.342
202003 0.170 108.902 0.207
202006 0.500 108.767 0.609
202009 0.490 109.815 0.591
202012 0.590 109.897 0.712
202103 0.670 111.754 0.795
202106 0.490 114.631 0.567
202109 0.500 115.734 0.573
202112 0.590 117.630 0.665
202203 0.410 121.301 0.448
202206 0.460 125.017 0.488
202209 0.570 125.227 0.603
202212 0.560 125.222 0.593
202303 0.610 127.348 0.635
202306 0.630 128.729 0.649
202309 0.990 129.860 1.011
202312 0.570 129.419 0.584
202403 0.800 131.776 0.805
202406 1.070 132.554 1.070

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


GTM Holdings  (TPE:1437) 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.

GTM Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.00/2.35
=15.32

* 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 GTM Holdings was 31.00. The lowest was 13.68. And the median was 20.78.


Be Aware

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


GTM Holdings E10 Related Terms

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


GTM Holdings Business Description

Traded in Other Exchanges
N/A
Address
320 Zhong Xiao E. Road. Sec. 4, 9th Floor, Taipei, TWN, 106070
GTM Holdings Corp is an investment holding company engaged in business relating to the manufacturing and trading of textiles, knitwear, wool quilts, suits and other products; manufacturing and trading of electronic components and electronic materials, and the commissioning of construction companies for building construction, residential rentals, and sales. The group's primary geographic market is Taiwan.

GTM Holdings Headlines

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