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Tung Ho Steel Enterprise (TPE:2006) E10 : NT$4.22 (As of Dec. 2024)


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What is Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise's adjusted earnings per share data for the three months ended in Dec. 2024 was NT$1.560. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.22 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Tung Ho Steel Enterprise's average E10 Growth Rate was 14.70% per year. During the past 3 years, the average E10 Growth Rate was 13.80% per year. During the past 5 years, the average E10 Growth Rate was 12.40% 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 Tung Ho Steel Enterprise was 13.80% per year. The lowest was 11.20% per year. And the median was 13.20% per year.

As of today (2025-03-17), Tung Ho Steel Enterprise's current stock price is NT$77.40. Tung Ho Steel Enterprise's E10 for the quarter that ended in Dec. 2024 was NT$4.22. Tung Ho Steel Enterprise's Shiller PE Ratio of today is 18.34.

During the past 13 years, the highest Shiller PE Ratio of Tung Ho Steel Enterprise was 34.31. The lowest was 12.49. And the median was 18.58.


Tung Ho Steel Enterprise E10 Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise E10 Chart

Tung Ho Steel Enterprise Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.54 2.86 3.29 3.68 4.22

Tung Ho Steel Enterprise Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.68 3.83 3.93 4.04 4.22

Competitive Comparison of Tung Ho Steel Enterprise's E10

For the Steel subindustry, Tung Ho Steel Enterprise'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.


Tung Ho Steel Enterprise's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Shiller PE Ratio falls into.



Tung Ho Steel Enterprise 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, Tung Ho Steel Enterprise's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.56/133.1571*133.1571
=1.560

Current CPI (Dec. 2024) = 133.1571.

Tung Ho Steel Enterprise Quarterly Data

per share eps CPI Adj_EPS
201503 0.567 99.621 0.758
201506 0.522 100.684 0.690
201509 0.224 100.392 0.297
201512 0.493 99.792 0.658
201603 0.254 100.470 0.337
201606 0.940 101.688 1.231
201609 0.403 101.861 0.527
201612 0.433 101.863 0.566
201703 0.746 102.862 0.966
201706 0.612 103.349 0.789
201709 0.388 104.136 0.496
201712 0.806 104.011 1.032
201803 0.403 105.290 0.510
201806 0.433 106.317 0.542
201809 0.313 106.507 0.391
201812 0.134 105.998 0.168
201903 0.478 107.251 0.593
201906 0.507 108.070 0.625
201909 0.537 108.329 0.660
201912 0.627 108.420 0.770
202003 0.672 108.902 0.822
202006 0.970 108.767 1.188
202009 1.090 109.815 1.322
202012 0.554 109.897 0.671
202103 1.360 111.754 1.620
202106 1.380 114.631 1.603
202109 1.300 115.734 1.496
202112 1.890 117.630 2.139
202203 1.750 121.301 1.921
202206 1.820 125.017 1.939
202209 0.740 125.227 0.787
202212 1.140 125.222 1.212
202303 1.550 127.348 1.621
202306 1.490 128.729 1.541
202309 1.590 129.860 1.630
202312 1.840 129.419 1.893
202403 1.500 131.776 1.516
202406 1.580 132.554 1.587
202409 1.480 133.029 1.481
202412 1.560 133.157 1.560

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


Tung Ho Steel Enterprise  (TPE:2006) 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.

Tung Ho Steel Enterprise's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=77.40/4.22
=18.34

* 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 Tung Ho Steel Enterprise was 34.31. The lowest was 12.49. And the median was 18.58.


Be Aware

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


Tung Ho Steel Enterprise E10 Related Terms

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


Tung Ho Steel Enterprise Business Description

Traded in Other Exchanges
N/A
Address
Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. It generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise Headlines

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