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President Chain Store (TPE:2912) E10 : NT$13.54 (As of Dec. 2023)


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What is President Chain Store 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.

President Chain Store's adjusted earnings per share data for the three months ended in Dec. 2023 was NT$2.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$13.54 for the trailing ten years ended in Dec. 2023.

During the past 12 months, President Chain Store's average E10 Growth Rate was 3.40% per year. During the past 3 years, the average E10 Growth Rate was 6.40% 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 President Chain Store was 6.80% per year. The lowest was 6.40% per year. And the median was 6.60% per year.

As of today (2024-04-25), President Chain Store's current stock price is NT$276.00. President Chain Store's E10 for the quarter that ended in Dec. 2023 was NT$13.54. President Chain Store's Shiller PE Ratio of today is 20.38.

During the past 13 years, the highest Shiller PE Ratio of President Chain Store was 29.57. The lowest was 18.95. And the median was 23.23.


President Chain Store E10 Historical Data

The historical data trend for President Chain Store'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.

President Chain Store E10 Chart

President Chain Store 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 10.76 11.24 12.15 13.10 13.54

President Chain Store Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13.10 13.34 13.44 13.56 13.54

Competitive Comparison of President Chain Store's E10

For the Grocery Stores subindustry, President Chain Store'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.


President Chain Store's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, President Chain Store's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where President Chain Store's Shiller PE Ratio falls into.



President Chain Store 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, President Chain Store's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.12/129.4194*129.4194
=2.120

Current CPI (Dec. 2023) = 129.4194.

President Chain Store Quarterly Data

per share eps CPI Adj_EPS
201403 2.850 99.695 3.700
201406 2.110 100.560 2.716
201409 2.390 100.428 3.080
201412 1.380 99.070 1.803
201503 2.020 99.621 2.624
201506 2.080 100.684 2.674
201509 2.360 100.392 3.042
201512 1.440 99.792 1.868
201603 2.350 100.470 3.027
201606 2.490 101.688 3.169
201609 2.700 101.861 3.430
201612 1.890 101.863 2.401
201703 2.630 102.862 3.309
201706 2.680 103.349 3.356
201709 2.970 104.136 3.691
201712 21.450 104.011 26.690
201803 2.430 105.290 2.987
201806 2.530 106.317 3.080
201809 2.670 106.507 3.244
201812 2.160 105.998 2.637
201903 2.790 107.251 3.367
201906 2.490 108.070 2.982
201909 2.670 108.329 3.190
201912 2.180 108.420 2.602
202003 2.450 108.902 2.912
202006 2.440 108.767 2.903
202009 2.760 109.815 3.253
202012 2.180 109.897 2.567
202103 2.600 111.754 3.011
202106 1.700 114.631 1.919
202109 1.980 115.734 2.214
202112 2.230 117.630 2.454
202203 2.080 121.301 2.219
202206 2.360 125.017 2.443
202209 2.580 125.227 2.666
202212 1.890 125.222 1.953
202303 2.710 127.348 2.754
202306 2.450 128.729 2.463
202309 2.910 129.860 2.900
202312 2.120 129.419 2.120

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


President Chain Store  (TPE:2912) 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.

President Chain Store's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=276.00/13.54
=20.38

* 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 President Chain Store was 29.57. The lowest was 18.95. And the median was 23.23.


Be Aware

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


President Chain Store E10 Related Terms

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


President Chain Store (TPE:2912) Business Description

Traded in Other Exchanges
N/A
Address
65 Tung Hsing Road, 2nd Floor, Taipei, TWN, 110
President Chain Store Corp., or PCSC, was established in 1978 and is 45% held by its parent, Uni-President Enterprises. The company operates 7-Eleven along with other retail businesses such as drug stores (COSMED), department stores, bakery, restaurants, and Starbucks in Taiwan. The company also runs 7-Eleven in Shanghai, Zhejiang, and the Philippines.

President Chain Store (TPE:2912) Headlines

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