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First Insurance Co (TPE:2852) E10 : NT$1.92 (As of Sep. 2024)


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What is First Insurance Co 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.

First Insurance Co's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.92 for the trailing ten years ended in Sep. 2024.

During the past 12 months, First Insurance Co's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 2.60% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of First Insurance Co was 2.60% per year. The lowest was -1.30% per year. And the median was 0.65% per year.

As of today (2024-12-13), First Insurance Co's current stock price is NT$25.15. First Insurance Co's E10 for the quarter that ended in Sep. 2024 was NT$1.92. First Insurance Co's Shiller PE Ratio of today is 13.10.

During the past 13 years, the highest Shiller PE Ratio of First Insurance Co was 13.98. The lowest was 5.91. And the median was 8.45.


First Insurance Co E10 Historical Data

The historical data trend for First Insurance Co'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.

First Insurance Co E10 Chart

First Insurance Co 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 1.86 1.63 1.76 1.79 1.76

First Insurance Co 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 1.78 1.76 1.82 1.91 1.92

Competitive Comparison of First Insurance Co's E10

For the Insurance - Property & Casualty subindustry, First Insurance Co'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.


First Insurance Co's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, First Insurance Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Insurance Co's Shiller PE Ratio falls into.



First Insurance Co 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, First Insurance Co'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)
=0.82/133.0289*133.0289
=0.820

Current CPI (Sep. 2024) = 133.0289.

First Insurance Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.310 99.070 0.416
201503 0.420 99.621 0.561
201506 0.460 100.684 0.608
201509 -0.530 100.392 -0.702
201512 0.300 99.792 0.400
201603 0.390 100.470 0.516
201606 0.110 101.688 0.144
201609 0.650 101.861 0.849
201612 0.440 101.863 0.575
201703 0.500 102.862 0.647
201706 0.010 103.349 0.013
201709 0.850 104.136 1.086
201712 0.160 104.011 0.205
201803 0.470 105.290 0.594
201806 0.820 106.317 1.026
201809 0.580 106.507 0.724
201812 -0.240 105.998 -0.301
201903 1.240 107.251 1.538
201906 -0.230 108.070 -0.283
201909 0.460 108.329 0.565
201912 0.460 108.420 0.564
202003 -0.570 108.902 -0.696
202006 0.720 108.767 0.881
202009 0.480 109.815 0.581
202012 -0.110 109.897 -0.133
202103 0.230 111.754 0.274
202106 0.380 114.631 0.441
202109 0.940 115.734 1.080
202112 0.290 117.630 0.328
202203 0.380 121.301 0.417
202206 0.570 125.017 0.607
202209 0.820 125.227 0.871
202212 0.080 125.222 0.085
202303 0.250 127.348 0.261
202306 0.700 128.729 0.723
202309 0.730 129.860 0.748
202312 0.430 129.419 0.442
202403 0.840 131.776 0.848
202406 0.910 132.554 0.913
202409 0.820 133.029 0.820

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


First Insurance Co  (TPE:2852) 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.

First Insurance Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.15/1.92
=13.10

* 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 First Insurance Co was 13.98. The lowest was 5.91. And the median was 8.45.


Be Aware

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


First Insurance Co E10 Related Terms

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


First Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
No. 54, Zhongxiao East Road, 11th Floor, Section 1, Taipei, TWN, 100
First Insurance Co Ltd is engaged in the provision of insurance services. The company offers various insurance services such as fire, liability, and professional insurance such as medical malpractice insurance, hospital comprehensive liability insurance, directors, and officer's liability insurance, personal accident, motor, and marine transportation insurance, machinery and engineering insurance, and others. Additionally, it also renders reinsurance services. The Company has branches in Taichung, Kaohsiung, Tainan, Taoyuan, and New Taipei City.

First Insurance Co Headlines

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