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Airtac International Group (TPE:1590) E10 : NT$23.79 (As of Mar. 2024)


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What is Airtac International Group 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.

Airtac International Group's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$9.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$23.79 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Airtac International Group's average E10 Growth Rate was 15.90% per year. During the past 3 years, the average E10 Growth Rate was 20.80% 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 Airtac International Group was 21.20% per year. The lowest was 20.80% per year. And the median was 21.00% per year.

As of today (2024-05-22), Airtac International Group's current stock price is NT$1135.00. Airtac International Group's E10 for the quarter that ended in Mar. 2024 was NT$23.79. Airtac International Group's Shiller PE Ratio of today is 47.71.

During the past 13 years, the highest Shiller PE Ratio of Airtac International Group was 87.67. The lowest was 32.35. And the median was 49.59.


Airtac International Group E10 Historical Data

The historical data trend for Airtac International Group'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.

Airtac International Group E10 Chart

Airtac International Group 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 11.00 12.91 16.29 19.58 22.74

Airtac International Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 20.53 21.48 22.27 22.74 23.79

Competitive Comparison of Airtac International Group's E10

For the Specialty Industrial Machinery subindustry, Airtac International Group'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.


Airtac International Group's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtac International Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Airtac International Group's Shiller PE Ratio falls into.



Airtac International Group 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, Airtac International Group's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.14/131.7762*131.7762
=9.140

Current CPI (Mar. 2024) = 131.7762.

Airtac International Group Quarterly Data

per share eps CPI Adj_EPS
201406 3.354 100.560 4.395
201409 2.063 100.428 2.707
201412 2.161 99.070 2.874
201503 1.349 99.621 1.784
201506 3.021 100.684 3.954
201509 1.418 100.392 1.861
201512 1.672 99.792 2.208
201603 2.395 100.470 3.141
201606 3.295 101.688 4.270
201609 3.005 101.861 3.888
201612 1.819 101.863 2.353
201703 3.450 102.862 4.420
201706 5.436 103.349 6.931
201709 4.804 104.136 6.079
201712 4.142 104.011 5.248
201803 4.586 105.290 5.740
201806 4.310 106.317 5.342
201809 2.382 106.507 2.947
201812 3.548 105.998 4.411
201903 3.578 107.251 4.396
201906 4.043 108.070 4.930
201909 2.293 108.329 2.789
201912 4.329 108.420 5.262
202003 2.115 108.902 2.559
202006 6.889 108.767 8.346
202009 8.160 109.815 9.792
202012 8.360 109.897 10.024
202103 7.650 111.754 9.021
202106 9.460 114.631 10.875
202109 8.470 115.734 9.644
202112 8.080 117.630 9.052
202203 8.390 121.301 9.115
202206 8.010 125.017 8.443
202209 6.950 125.227 7.314
202212 6.710 125.222 7.061
202303 8.110 127.348 8.392
202306 8.520 128.729 8.722
202309 9.700 129.860 9.843
202312 8.490 129.419 8.645
202403 9.140 131.776 9.140

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


Airtac International Group  (TPE:1590) 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.

Airtac International Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1135.00/23.79
=47.71

* 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 Airtac International Group was 87.67. The lowest was 32.35. And the median was 49.59.


Be Aware

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


Airtac International Group E10 Related Terms

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


Airtac International Group (TPE:1590) Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148
Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

Airtac International Group (TPE:1590) Headlines

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