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The Shanghai Commercial andvings Bank (TPE:5876) E10 : NT$3.74 (As of Sep. 2024)


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What is The Shanghai Commercial andvings Bank 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.

The Shanghai Commercial andvings Bank's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.970. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.74 for the trailing ten years ended in Sep. 2024.

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 (2025-01-18), The Shanghai Commercial andvings Bank's current stock price is NT$41.60. The Shanghai Commercial andvings Bank's E10 for the quarter that ended in Sep. 2024 was NT$3.74. The Shanghai Commercial andvings Bank's Shiller PE Ratio of today is 11.12.

During the past 13 years, the highest Shiller PE Ratio of The Shanghai Commercial andvings Bank was 10.94. The lowest was 10.12. And the median was 10.59.


The Shanghai Commercial andvings Bank E10 Historical Data

The historical data trend for The Shanghai Commercial andvings Bank'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.

The Shanghai Commercial andvings Bank E10 Chart

The Shanghai Commercial andvings Bank 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 - - - - -

The Shanghai Commercial andvings Bank 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 - - - - 3.74

Competitive Comparison of The Shanghai Commercial andvings Bank's E10

For the Banks - Regional subindustry, The Shanghai Commercial andvings Bank'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.


The Shanghai Commercial andvings Bank's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Shanghai Commercial andvings Bank's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where The Shanghai Commercial andvings Bank's Shiller PE Ratio falls into.



The Shanghai Commercial andvings Bank 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, The Shanghai Commercial andvings Bank'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)
=0.97/133.0289*133.0289
=0.970

Current CPI (Sep. 2024) = 133.0289.

The Shanghai Commercial andvings Bank Quarterly Data

per share eps CPI Adj_EPS
201212 0.000 96.871 0.000
201306 1.204 98.518 1.626
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201506 0.000 100.684 0.000
201512 0.000 99.792 0.000
201606 0.000 101.688 0.000
201612 0.000 101.863 0.000
201703 0.647 102.862 0.837
201706 0.831 103.349 1.070
201709 0.734 104.136 0.938
201712 0.725 104.011 0.927
201803 0.696 105.290 0.879
201806 0.879 106.317 1.100
201809 0.869 106.507 1.085
201812 0.849 105.998 1.066
201903 0.869 107.251 1.078
201906 0.958 108.070 1.179
201909 0.898 108.329 1.103
201912 0.731 108.420 0.897
202003 0.800 108.902 0.977
202006 0.691 108.767 0.845
202009 0.780 109.815 0.945
202012 0.691 109.897 0.836
202103 0.819 111.754 0.975
202106 0.790 114.631 0.917
202109 0.790 115.734 0.908
202112 0.781 117.630 0.883
202203 0.810 121.301 0.888
202206 0.810 125.017 0.862
202209 1.280 125.227 1.360
202212 0.420 125.222 0.446
202303 0.880 127.348 0.919
202306 1.130 128.729 1.168
202309 1.010 129.860 1.035
202312 -0.010 129.419 -0.010
202403 0.890 131.776 0.898
202406 0.310 132.554 0.311
202409 0.970 133.029 0.970

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


The Shanghai Commercial andvings Bank  (TPE:5876) 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.

The Shanghai Commercial andvings Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=41.60/3.74
=11.12

* 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 The Shanghai Commercial andvings Bank was 10.94. The lowest was 10.12. And the median was 10.59.


Be Aware

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


The Shanghai Commercial andvings Bank E10 Related Terms

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


The Shanghai Commercial andvings Bank Business Description

Traded in Other Exchanges
N/A
Address
No. 149, Min Sheng East Road, Section 2, 3rd to 12th Floors, Zhongshan District, Taipei, TWN
The Shanghai Commercial and Savings Bank provides commercial banking businesses. The company's objective is to serve society, to support industry, and to promote international trade. Its products include current accounts, savings accounts, term deposits, recurring deposits, online banking, loans and overdraft facilities, foreign exchange, and securities trading. Its geographical segment includes Taiwan, Hong Kong, and others.

The Shanghai Commercial andvings Bank Headlines

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