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Greatek Electronics (TPE:2441) E10 : NT$5.32 (As of Mar. 2024)


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What is Greatek Electronics 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.

Greatek Electronics's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Greatek Electronics's average E10 Growth Rate was 0.80% per year. During the past 3 years, the average E10 Growth Rate was 12.70% 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 Greatek Electronics was 13.60% per year. The lowest was 12.70% per year. And the median was 13.15% per year.

As of today (2024-05-22), Greatek Electronics's current stock price is NT$62.40. Greatek Electronics's E10 for the quarter that ended in Mar. 2024 was NT$5.32. Greatek Electronics's Shiller PE Ratio of today is 11.73.

During the past 13 years, the highest Shiller PE Ratio of Greatek Electronics was 23.45. The lowest was 5.13. And the median was 12.27.


Greatek Electronics E10 Historical Data

The historical data trend for Greatek Electronics'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.

Greatek Electronics E10 Chart

Greatek Electronics 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 3.49 3.67 4.55 5.11 5.25

Greatek Electronics 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 5.19 5.26 5.31 5.25 5.32

Competitive Comparison of Greatek Electronics's E10

For the Semiconductor Equipment & Materials subindustry, Greatek Electronics'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.


Greatek Electronics's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Greatek Electronics's Shiller PE Ratio distribution charts can be found below:

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



Greatek Electronics 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, Greatek Electronics'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)
=0.91/131.7762*131.7762
=0.910

Current CPI (Mar. 2024) = 131.7762.

Greatek Electronics Quarterly Data

per share eps CPI Adj_EPS
201406 1.070 100.560 1.402
201409 1.070 100.428 1.404
201412 0.880 99.070 1.171
201503 0.860 99.621 1.138
201506 0.870 100.684 1.139
201509 0.860 100.392 1.129
201512 0.840 99.792 1.109
201603 0.920 100.470 1.207
201606 0.930 101.688 1.205
201609 1.010 101.861 1.307
201612 1.020 101.863 1.320
201703 1.040 102.862 1.332
201706 1.030 103.349 1.313
201709 1.180 104.136 1.493
201712 1.110 104.011 1.406
201803 1.090 105.290 1.364
201806 1.120 106.317 1.388
201809 1.160 106.507 1.435
201812 0.750 105.998 0.932
201903 0.590 107.251 0.725
201906 0.850 108.070 1.036
201909 1.020 108.329 1.241
201912 0.840 108.420 1.021
202003 0.950 108.902 1.150
202006 1.150 108.767 1.393
202009 1.250 109.815 1.500
202012 1.280 109.897 1.535
202103 1.620 111.754 1.910
202106 1.990 114.631 2.288
202109 2.370 115.734 2.699
202112 2.010 117.630 2.252
202203 2.020 121.301 2.194
202206 1.900 125.017 2.003
202209 1.060 125.227 1.115
202212 0.490 125.222 0.516
202303 0.620 127.348 0.642
202306 1.040 128.729 1.065
202309 1.040 129.860 1.055
202312 0.780 129.419 0.794
202403 0.910 131.776 0.910

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


Greatek Electronics  (TPE:2441) 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.

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

Shiller PE Ratio=Share Price/E10
=62.40/5.32
=11.73

* 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 Greatek Electronics was 23.45. The lowest was 5.13. And the median was 12.27.


Be Aware

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


Greatek Electronics E10 Related Terms

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


Greatek Electronics (TPE:2441) Business Description

Traded in Other Exchanges
N/A
Address
No.136 Gongyi Road, Zhunan Town, Miaoli County, Miaoli, TWN
Greatek Electronics Inc is engaged in assembling, packaging, and testing semiconductors. The firm operates in two main segments: assembly services and testing services. Over half of revenue comes from the assembly services segment. The assembly services segment provides lead-frame bases for conductors, produces copper wires, and builds semiconductors through contract agreements. The testing services segment runs experiments and completes final tests of semiconductors. The majority of Greatek's revenue is made in Taiwan.

Greatek Electronics (TPE:2441) Headlines

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