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MITAC Holdings E10

: NT$1.56 (As of Sep. 2019)
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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.

MITAC Holdings's adjusted earnings per share data for the three months ended in Sep. 2019 was NT$0.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.56 for the trailing ten years ended in Sep. 2019.

As of today (2019-12-12), MITAC Holdings's current stock price is NT$28.70. MITAC Holdings's E10 for the quarter that ended in Sep. 2019 was NT$1.56. MITAC Holdings's Shiller PE Ratio of today is 18.40.

During the past 13 years, the highest Shiller PE Ratio of MITAC Holdings was 18.40. The lowest was 16.31. And the median was 17.15.


MITAC Holdings E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

MITAC Holdings Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MITAC Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -8.89 1.56

Competitive Comparison
* 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.


MITAC Holdings E10 Distribution

* The bar in red indicates where MITAC Holdings's E10 falls into.



MITAC Holdings 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.

For example, MITAC Holdings's adjusted earnings per share data for the three months ended in Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=0.89/256.358*256.358
=0.890

Current CPI (Sep. 2019) = 256.358.

MITAC Holdings Quarterly Data

per share eps CPI Adj_EPS
200912 0.888 215.949 1.054
201003 0.007 217.631 0.009
201006 0.138 217.965 0.163
201009 0.131 218.439 0.154
201012 -0.698 219.179 -0.817
201103 -0.218 223.467 -0.250
201106 0.036 225.722 0.041
201109 0.051 226.889 0.058
201112 0.247 225.672 0.281
201203 -0.153 229.392 -0.171
201206 0.160 229.478 0.179
201209 0.000 231.407 0.000
201212 0.000 229.601 0.000
201303 0.000 232.773 0.000
201306 0.000 233.504 0.000
201309 0.073 234.149 0.080
201312 0.480 233.049 0.528
201403 -0.036 236.293 -0.039
201406 0.305 238.343 0.329
201409 0.211 238.031 0.227
201412 0.262 234.812 0.286
201503 0.415 236.119 0.450
201506 0.502 238.638 0.539
201509 0.469 237.945 0.505
201512 0.287 236.525 0.311
201603 0.151 238.132 0.163
201606 0.590 241.018 0.627
201609 0.756 241.428 0.803
201612 1.074 241.432 1.140
201703 0.507 243.801 0.533
201706 0.590 244.955 0.617
201709 0.696 246.819 0.723
201712 0.635 246.524 0.660
201803 1.130 249.554 1.161
201806 0.591 251.989 0.602
201809 0.730 252.439 0.741
201812 0.637 251.233 0.650
201903 0.270 254.202 0.272
201906 0.583 256.143 0.583
201909 0.890 256.358 0.890

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


MITAC Holdings  (TPE:3706) 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.

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

Shiller PE Ratio=Share Price/E10
=28.70/1.56
=18.40

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of MITAC Holdings was 18.40. The lowest was 16.31. And the median was 17.15.


Be Aware

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


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