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Spirox (TPE:3055) E10 : NT$0.83 (As of Mar. 2024)


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What is Spirox 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.

Spirox's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-0.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Spirox's average E10 Growth Rate was 84.40% per year. During the past 3 years, the average E10 Growth Rate was 13.10% 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 Spirox was 13.10% per year. The lowest was -30.50% per year. And the median was -8.70% per year.

As of today (2024-05-12), Spirox's current stock price is NT$75.60. Spirox's E10 for the quarter that ended in Mar. 2024 was NT$0.83. Spirox's Shiller PE Ratio of today is 91.08.

During the past 13 years, the highest Shiller PE Ratio of Spirox was 446.67. The lowest was 22.86. And the median was 73.53.


Spirox E10 Historical Data

The historical data trend for Spirox'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.

Spirox E10 Chart

Spirox 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 1.10 0.67 0.23 0.37 0.97

Spirox 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 0.45 0.37 0.37 0.97 0.83

Competitive Comparison of Spirox's E10

For the Semiconductor Equipment & Materials subindustry, Spirox'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.


Spirox's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Spirox 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, Spirox'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)
=-0.9/129.4194*129.4194
=-0.900

Current CPI (Mar. 2024) = 129.4194.

Spirox Quarterly Data

per share eps CPI Adj_EPS
201406 1.212 100.560 1.560
201409 1.000 100.428 1.289
201412 0.162 99.070 0.212
201503 0.262 99.621 0.340
201506 0.325 100.684 0.418
201509 0.100 100.392 0.129
201512 4.030 99.792 5.226
201603 0.350 100.470 0.451
201606 0.280 101.688 0.356
201609 0.100 101.861 0.127
201612 0.390 101.863 0.496
201703 0.010 102.862 0.013
201706 0.170 103.349 0.213
201709 0.090 104.136 0.112
201712 0.120 104.011 0.149
201803 0.230 105.290 0.283
201806 0.320 106.317 0.390
201809 -0.030 106.507 -0.036
201812 0.320 105.998 0.391
201903 0.280 107.251 0.338
201906 0.110 108.070 0.132
201909 -0.670 108.329 -0.800
201912 0.370 108.420 0.442
202003 -0.420 108.902 -0.499
202006 0.130 108.767 0.155
202009 0.320 109.815 0.377
202012 -0.510 109.897 -0.601
202103 -1.060 111.754 -1.228
202106 -0.910 114.631 -1.027
202109 -1.310 115.734 -1.465
202112 -0.410 117.630 -0.451
202203 -0.820 121.301 -0.875
202206 -0.680 125.017 -0.704
202209 1.020 125.227 1.054
202212 2.600 125.222 2.687
202303 0.910 127.348 0.925
202306 -0.430 128.729 -0.432
202309 -1.030 129.860 -1.027
202312 0.060 129.419 0.060
202403 -0.900 129.419 -0.900

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


Spirox  (TPE:3055) 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.

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

Shiller PE Ratio=Share Price/E10
=75.60/0.83
=91.08

* 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 Spirox was 446.67. The lowest was 22.86. And the median was 73.53.


Be Aware

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


Spirox E10 Related Terms

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


Spirox (TPE:3055) Business Description

Traded in Other Exchanges
N/A
Address
No. 95, Shuiyuan Street, Hsinchu City, TWN, 30069
Spirox Corp is engaged in providing integrated solutions and services for the high-tech industry. The products offered by the company include test machines, classifiers, test stand and test interfaces, and failure analysis systems.

Spirox (TPE:3055) Headlines

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