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AUO (TPE:2409) E10 : NT$1.03 (As of Sep. 2024)


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What is AUO 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.

AUO's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$-0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.03 for the trailing ten years ended in Sep. 2024.

During the past 12 months, AUO's 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 AUO was -9.40% per year. The lowest was -105.00% per year. And the median was -59.05% per year.

As of today (2024-12-12), AUO's current stock price is NT$15.75. AUO's E10 for the quarter that ended in Sep. 2024 was NT$1.03. AUO's Shiller PE Ratio of today is 15.29.

During the past 13 years, the highest Shiller PE Ratio of AUO was 1737.50. The lowest was 10.43. And the median was 16.17.


AUO E10 Historical Data

The historical data trend for AUO'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.

AUO E10 Chart

AUO 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 -0.93 -1.02 0.72 1.52 1.26

AUO 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 1.30 1.26 1.23 1.17 1.03

Competitive Comparison of AUO's E10

For the Electronic Components subindustry, AUO'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.


AUO's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AUO's Shiller PE Ratio distribution charts can be found below:

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



AUO 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, AUO'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)
=-0.12/133.0289*133.0289
=-0.120

Current CPI (Sep. 2024) = 133.0289.

AUO Quarterly Data

per share eps CPI Adj_EPS
201412 0.775 99.070 1.041
201503 0.675 99.621 0.901
201506 0.588 100.684 0.777
201509 0.450 100.392 0.596
201512 -1.063 99.792 -1.417
201603 -0.713 100.470 -0.944
201606 -0.075 101.688 -0.098
201609 0.638 101.861 0.833
201612 1.163 101.863 1.519
201703 1.225 102.862 1.584
201706 1.275 103.349 1.641
201709 1.150 104.136 1.469
201712 0.550 104.011 0.703
201803 0.563 105.290 0.711
201806 0.163 106.317 0.204
201809 0.563 106.507 0.703
201812 0.038 105.998 0.048
201903 -0.475 107.251 -0.589
201906 -0.350 108.070 -0.431
201909 -0.513 108.329 -0.630
201912 -1.150 108.420 -1.411
202003 -0.663 108.902 -0.810
202006 -0.388 108.767 -0.475
202009 0.375 109.815 0.454
202012 1.100 109.897 1.332
202103 1.550 111.754 1.845
202106 2.550 114.631 2.959
202109 2.010 115.734 2.310
202112 1.090 117.630 1.233
202203 0.520 121.301 0.570
202206 -0.590 125.017 -0.628
202209 -1.230 125.227 -1.307
202212 -1.210 125.222 -1.285
202303 -1.420 127.348 -1.483
202306 -0.630 128.729 -0.651
202309 -0.130 129.860 -0.133
202312 -0.190 129.419 -0.195
202403 -0.460 131.776 -0.464
202406 -0.030 132.554 -0.030
202409 -0.120 133.029 -0.120

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


AUO  (TPE:2409) 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.

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

Shiller PE Ratio=Share Price/E10
=15.75/1.03
=15.29

* 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 AUO was 1737.50. The lowest was 10.43. And the median was 16.17.


Be Aware

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


AUO E10 Related Terms

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


AUO Business Description

Traded in Other Exchanges
Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).

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