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Harvatek (TPE:6168) E10 : NT$0.73 (As of Sep. 2024)


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What is Harvatek 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.

Harvatek's adjusted earnings per share data for the three months ended in Sep. 2024 was NT$0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.73 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Harvatek's average E10 Growth Rate was -26.30% per year. During the past 3 years, the average E10 Growth Rate was 85.90% 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 Harvatek was 85.90% per year. The lowest was 64.80% per year. And the median was 75.35% per year.

As of today (2025-01-18), Harvatek's current stock price is NT$23.05. Harvatek's E10 for the quarter that ended in Sep. 2024 was NT$0.73. Harvatek's Shiller PE Ratio of today is 31.58.

During the past 13 years, the highest Shiller PE Ratio of Harvatek was 205.00. The lowest was 20.76. And the median was 44.14.


Harvatek E10 Historical Data

The historical data trend for Harvatek'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.

Harvatek E10 Chart

Harvatek 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 0.19 0.14 0.31 0.85 0.90

Harvatek 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 0.99 0.90 0.89 0.80 0.73

Competitive Comparison of Harvatek's E10

For the Semiconductors subindustry, Harvatek'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.


Harvatek's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Harvatek 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, Harvatek'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)
=0.04/133.0289*133.0289
=0.040

Current CPI (Sep. 2024) = 133.0289.

Harvatek Quarterly Data

per share eps CPI Adj_EPS
201412 0.200 99.070 0.269
201503 -0.220 99.621 -0.294
201506 -0.610 100.684 -0.806
201509 0.780 100.392 1.034
201512 -0.120 99.792 -0.160
201603 -0.350 100.470 -0.463
201606 -0.710 101.688 -0.929
201609 0.110 101.861 0.144
201612 0.170 101.863 0.222
201703 -0.070 102.862 -0.091
201706 0.300 103.349 0.386
201709 0.600 104.136 0.766
201712 0.230 104.011 0.294
201803 0.210 105.290 0.265
201806 0.360 106.317 0.450
201809 0.140 106.507 0.175
201812 0.420 105.998 0.527
201903 0.240 107.251 0.298
201906 -0.030 108.070 -0.037
201909 -0.040 108.329 -0.049
201912 -0.100 108.420 -0.123
202003 0.150 108.902 0.183
202006 0.220 108.767 0.269
202009 0.080 109.815 0.097
202012 0.240 109.897 0.291
202103 0.510 111.754 0.607
202106 0.500 114.631 0.580
202109 0.520 115.734 0.598
202112 0.270 117.630 0.305
202203 0.550 121.301 0.603
202206 0.540 125.017 0.575
202209 0.480 125.227 0.510
202212 0.230 125.222 0.244
202303 0.040 127.348 0.042
202306 0.250 128.729 0.258
202309 0.210 129.860 0.215
202312 0.020 129.419 0.021
202403 0.020 131.776 0.020
202406 0.010 132.554 0.010
202409 0.040 133.029 0.040

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


Harvatek  (TPE:6168) 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.

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

Shiller PE Ratio=Share Price/E10
=23.05/0.73
=31.58

* 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 Harvatek was 205.00. The lowest was 20.76. And the median was 44.14.


Be Aware

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


Harvatek E10 Related Terms

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


Harvatek Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Lane 522, Section 5 Zhonghua Road, Hsin Chu, Taiwan R.O.C., Hsinchu City, TWN, 300
Harvatek Corp is engaged in the research, development, design, manufacture, and testing of LED packaging, as well as the import and export of these products.

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