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Tong Ming Enterprise Co (TPE:5538) E10 : NT$3.43 (As of Sep. 2024)


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What is Tong Ming Enterprise 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.

Tong Ming Enterprise Co's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.43 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tong Ming Enterprise Co's average E10 Growth Rate was -3.90% 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.

As of today (2025-03-17), Tong Ming Enterprise Co's current stock price is NT$35.20. Tong Ming Enterprise Co's E10 for the quarter that ended in Sep. 2024 was NT$3.43. Tong Ming Enterprise Co's Shiller PE Ratio of today is 10.26.

During the past 13 years, the highest Shiller PE Ratio of Tong Ming Enterprise Co was 19.72. The lowest was 8.27. And the median was 11.41.


Tong Ming Enterprise Co E10 Historical Data

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co E10 Chart

Tong Ming Enterprise 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 - - 3.22 3.56 3.44

Tong Ming Enterprise 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 3.57 3.44 3.46 3.45 3.43

Competitive Comparison of Tong Ming Enterprise Co's E10

For the Steel subindustry, Tong Ming Enterprise 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.


Tong Ming Enterprise Co's Shiller PE Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tong Ming Enterprise Co's Shiller PE Ratio falls into.



Tong Ming Enterprise 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, Tong Ming Enterprise 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)
=0.8/115.7848*115.7848
=0.800

Current CPI (Sep. 2024) = 115.7848.

Tong Ming Enterprise Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.562 99.000 0.657
201503 0.485 99.900 0.562
201506 0.446 99.500 0.519
201509 0.300 100.500 0.346
201512 0.145 100.600 0.167
201603 0.426 102.200 0.483
201606 0.572 101.400 0.653
201609 0.572 102.400 0.647
201612 1.115 102.600 1.258
201703 0.843 103.200 0.946
201706 0.504 103.100 0.566
201709 1.221 104.100 1.358
201712 1.376 104.500 1.525
201803 0.708 105.300 0.778
201806 1.057 104.900 1.167
201809 0.950 106.600 1.032
201812 0.330 106.500 0.359
201903 0.330 107.700 0.355
201906 0.611 107.700 0.657
201909 0.785 109.800 0.828
201912 0.863 111.200 0.899
202003 0.087 112.300 0.090
202006 0.698 110.400 0.732
202009 0.920 111.700 0.954
202012 1.090 111.500 1.132
202103 1.150 112.662 1.182
202106 1.620 111.769 1.678
202109 2.800 112.215 2.889
202112 2.150 113.108 2.201
202203 1.470 114.335 1.489
202206 2.200 114.558 2.224
202209 -0.070 115.339 -0.070
202212 0.930 115.116 0.935
202303 0.100 115.116 0.101
202306 0.360 114.558 0.364
202309 0.810 115.339 0.813
202312 -0.600 114.781 -0.605
202403 0.580 115.227 0.583
202406 1.050 114.781 1.059
202409 0.800 115.785 0.800

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


Tong Ming Enterprise Co  (TPE:5538) 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.

Tong Ming Enterprise Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.20/3.43
=10.26

* 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 Tong Ming Enterprise Co was 19.72. The lowest was 8.27. And the median was 11.41.


Be Aware

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


Tong Ming Enterprise Co E10 Related Terms

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


Tong Ming Enterprise Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co Headlines

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