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HTC (TPE:2498) E10 : NT$-8.07 (As of Mar. 2024)


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What is HTC 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.

HTC's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-1.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-8.07 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-06), HTC's current stock price is NT$43.15. HTC's E10 for the quarter that ended in Mar. 2024 was NT$-8.07. HTC's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of HTC was 4035.00. The lowest was 1.23. And the median was 3.12.


HTC E10 Historical Data

The historical data trend for HTC'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.

HTC E10 Chart

HTC 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 10.62 4.60 -4.36 -7.66 -8.12

HTC 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 -7.89 -8.28 -7.99 -8.12 -8.07

Competitive Comparison of HTC's E10

For the Consumer Electronics subindustry, HTC'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.


HTC's Shiller PE Ratio Distribution in the Hardware Industry

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

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



HTC 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, HTC'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)
=-1.08/131.7762*131.7762
=-1.080

Current CPI (Mar. 2024) = 131.7762.

HTC Quarterly Data

per share eps CPI Adj_EPS
201406 2.740 100.560 3.591
201409 0.780 100.428 1.023
201412 0.570 99.070 0.758
201503 0.430 99.621 0.569
201506 -9.700 100.684 -12.695
201509 -5.410 100.392 -7.101
201512 -4.110 99.792 -5.427
201603 -3.160 100.470 -4.145
201606 -3.710 101.688 -4.808
201609 -2.180 101.861 -2.820
201612 -3.760 101.863 -4.864
201703 -2.473 102.862 -3.168
201706 -2.370 103.349 -3.022
201709 -3.800 104.136 -4.809
201712 -11.940 104.011 -15.127
201803 25.310 105.290 31.677
201806 -2.530 106.317 -3.136
201809 -3.180 106.507 -3.934
201812 -5.310 105.998 -6.601
201903 -2.980 107.251 -3.661
201906 -2.710 108.070 -3.304
201909 -2.860 108.329 -3.479
201912 -2.880 108.420 -3.500
202003 -2.050 108.902 -2.481
202006 -2.230 108.767 -2.702
202009 -1.700 109.815 -2.040
202012 -1.290 109.897 -1.547
202103 -1.250 111.754 -1.474
202106 -0.680 114.631 -0.782
202109 -0.940 115.734 -1.070
202112 -0.890 117.630 -0.997
202203 -0.920 121.301 -0.999
202206 -0.910 125.017 -0.959
202209 -1.190 125.227 -1.252
202212 -1.120 125.222 -1.179
202303 -0.820 127.348 -0.849
202306 -1.080 128.729 -1.106
202309 -1.100 129.860 -1.116
202312 -1.080 129.419 -1.100
202403 -1.080 131.776 -1.080

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


HTC  (TPE:2498) 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.

During the past 13 years, the highest Shiller P/E Ratio of HTC was 4035.00. The lowest was 1.23. And the median was 3.12.


Be Aware

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


HTC E10 Related Terms

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


HTC (TPE:2498) Business Description

Traded in Other Exchanges
Address
No. 23, Xinghua Road, Taoyuan District, Taoyuan, TWN, 330
HTC Corporation is a Taiwanese consumer electronics company. The Company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. More than half of the firm's revenue is generated in Taiwan, with the rest coming from countries in Asia, the Middle East, and other regions.

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