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Pegatron (TPE:4938) E10

: NT$7.95 (As of Dec. 2023)
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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.

Pegatron's adjusted earnings per share data for the three months ended in Dec. 2023 was NT$1.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$7.95 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Pegatron's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was 11.90% 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 Pegatron was 13.50% per year. The lowest was 11.90% per year. And the median was 12.70% per year.

As of today (2024-04-23), Pegatron's current stock price is NT$94.70. Pegatron's E10 for the quarter that ended in Dec. 2023 was NT$7.95. Pegatron's Shiller PE Ratio of today is 11.91.

During the past 13 years, the highest Shiller PE Ratio of Pegatron was 14.15. The lowest was 7.48. And the median was 10.46.


Pegatron E10 Historical Data

The historical data trend for Pegatron'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.

Pegatron 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 5.17 5.68 6.86 7.55 7.95

Pegatron 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 7.55 7.66 7.78 7.95 7.95

Competitive Comparison

For the Computer Hardware subindustry, Pegatron'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.


Pegatron Shiller PE Ratio Distribution

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

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



Pegatron 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, Pegatron'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)
=1.86/129.4194*129.4194
=1.860

Current CPI (Dec. 2023) = 129.4194.

Pegatron Quarterly Data

per share eps CPI Adj_EPS
201403 1.160 99.695 1.506
201406 0.640 100.560 0.824
201409 1.960 100.428 2.526
201412 2.350 99.070 3.070
201503 2.460 99.621 3.196
201506 1.800 100.684 2.314
201509 2.280 100.392 2.939
201512 2.570 99.792 3.333
201603 1.570 100.470 2.022
201606 1.540 101.688 1.960
201609 2.080 101.861 2.643
201612 2.250 101.863 2.859
201703 1.500 102.862 1.887
201706 1.330 103.349 1.665
201709 1.400 104.136 1.740
201712 1.410 104.011 1.754
201803 0.790 105.290 0.971
201806 1.120 106.317 1.363
201809 1.080 106.507 1.312
201812 1.240 105.998 1.514
201903 0.510 107.251 0.615
201906 1.320 108.070 1.581
201909 2.400 108.329 2.867
201912 3.110 108.420 3.712
202003 0.580 108.902 0.689
202006 2.700 108.767 3.213
202009 2.590 109.815 3.052
202012 1.790 109.897 2.108
202103 1.740 111.754 2.015
202106 2.000 114.631 2.258
202109 0.990 115.734 1.107
202112 2.900 117.630 3.191
202203 0.620 121.301 0.661
202206 1.160 125.017 1.201
202209 1.960 125.227 2.026
202212 1.860 125.222 1.922
202303 1.120 127.348 1.138
202306 1.170 128.729 1.176
202309 1.710 129.860 1.704
202312 1.860 129.419 1.860

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


Pegatron  (TPE:4938) 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.

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

Shiller PE Ratio=Share Price/E10
=94.70/7.95
=11.91

* 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 Pegatron was 14.15. The lowest was 7.48. And the median was 10.46.


Be Aware

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


Pegatron E10 Related Terms

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


Pegatron (TPE:4938) Business Description

Traded in Other Exchanges
Address
No. 96, Ligong Street, 5th Floor, Beitou District, Taipei, TWN, 112
Pegatron Corp is engaged in manufacturing of wide range of technology products including primarily, 1) computing devices: notebook PC, desktop PC and motherboard, 2) consumer electronics: tablet devices, game consoles, LCV TV and multimedia player and 3) communication device: smartphone, broadband and networking device.

Pegatron (TPE:4938) Headlines

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