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Aerospace Industrial Development (TPE:2634) E10 : NT$2.12 (As of Mar. 2024)


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What is Aerospace Industrial Development 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.

Aerospace Industrial Development's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aerospace Industrial Development's average E10 Growth Rate was 7.60% 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.

As of today (2024-05-17), Aerospace Industrial Development's current stock price is NT$57.40. Aerospace Industrial Development's E10 for the quarter that ended in Mar. 2024 was NT$2.12. Aerospace Industrial Development's Shiller PE Ratio of today is 27.08.

During the past 13 years, the highest Shiller PE Ratio of Aerospace Industrial Development was 32.18. The lowest was 14.58. And the median was 23.01.


Aerospace Industrial Development E10 Historical Data

The historical data trend for Aerospace Industrial Development'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.

Aerospace Industrial Development E10 Chart

Aerospace Industrial Development 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 - - - 1.93 2.09

Aerospace Industrial Development 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 1.97 2.02 2.05 2.09 2.12

Competitive Comparison of Aerospace Industrial Development's E10

For the Aerospace & Defense subindustry, Aerospace Industrial Development'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.


Aerospace Industrial Development's Shiller PE Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerospace Industrial Development's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Aerospace Industrial Development's Shiller PE Ratio falls into.



Aerospace Industrial Development 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, Aerospace Industrial Development'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)
=0.85/131.7762*131.7762
=0.850

Current CPI (Mar. 2024) = 131.7762.

Aerospace Industrial Development Quarterly Data

per share eps CPI Adj_EPS
201406 0.444 100.560 0.582
201409 0.366 100.428 0.480
201412 0.729 99.070 0.970
201503 0.444 99.621 0.587
201506 0.473 100.684 0.619
201509 0.839 100.392 1.101
201512 0.386 99.792 0.510
201603 0.511 100.470 0.670
201606 0.598 101.688 0.775
201609 0.460 101.861 0.595
201612 0.690 101.863 0.893
201703 0.120 102.862 0.154
201706 0.460 103.349 0.587
201709 0.650 104.136 0.823
201712 0.630 104.011 0.798
201803 0.330 105.290 0.413
201806 0.660 106.317 0.818
201809 0.700 106.507 0.866
201812 0.520 105.998 0.646
201903 0.440 107.251 0.541
201906 0.470 108.070 0.573
201909 0.620 108.329 0.754
201912 0.450 108.420 0.547
202003 0.060 108.902 0.073
202006 0.250 108.767 0.303
202009 -0.010 109.815 -0.012
202012 0.120 109.897 0.144
202103 -0.280 111.754 -0.330
202106 0.430 114.631 0.494
202109 0.240 115.734 0.273
202112 0.200 117.630 0.224
202203 0.220 121.301 0.239
202206 0.630 125.017 0.664
202209 0.600 125.227 0.631
202212 0.270 125.222 0.284
202303 0.580 127.348 0.600
202306 0.790 128.729 0.809
202309 0.700 129.860 0.710
202312 0.280 129.419 0.285
202403 0.850 131.776 0.850

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


Aerospace Industrial Development  (TPE:2634) 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.

Aerospace Industrial Development's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=57.40/2.12
=27.08

* 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 Aerospace Industrial Development was 32.18. The lowest was 14.58. And the median was 23.01.


Be Aware

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


Aerospace Industrial Development E10 Related Terms

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


Aerospace Industrial Development (TPE:2634) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Hanxiang Road, Xitun District, Taichung, TWN, 407803
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's products and services include Commercial Aircraft, Military Aircraft, Engines, Aircraft Maintenance & Avionics, and Flight & Technology Services. Its geographical segments are Asia, America, and Europe.

Aerospace Industrial Development (TPE:2634) Headlines

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