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AP Memory Technology (TPE:6531) E10 : NT$6.21 (As of Mar. 2024)


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What is AP Memory Technology 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.

AP Memory Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$2.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$6.21 for the trailing ten years ended in Mar. 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 (2024-06-05), AP Memory Technology's current stock price is NT$366.00. AP Memory Technology's E10 for the quarter that ended in Mar. 2024 was NT$6.21. AP Memory Technology's Shiller PE Ratio of today is 58.94.

During the past 11 years, the highest Shiller PE Ratio of AP Memory Technology was 66.34. The lowest was 54.43. And the median was 58.05.


AP Memory Technology E10 Historical Data

The historical data trend for AP Memory Technology'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.

AP Memory Technology E10 Chart

AP Memory Technology 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 - - - - -

AP Memory Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - 6.21

Competitive Comparison of AP Memory Technology's E10

For the Semiconductors subindustry, AP Memory Technology'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.


AP Memory Technology's Shiller PE Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where AP Memory Technology's Shiller PE Ratio falls into.



AP Memory Technology 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, AP Memory Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.25/131.7762*131.7762
=2.250

Current CPI (Mar. 2024) = 131.7762.

AP Memory Technology Quarterly Data

per share eps CPI Adj_EPS
201312 0.000 98.326 0.000
201406 3.401 100.560 4.457
201412 0.000 99.070 0.000
201503 0.757 99.621 1.001
201506 0.252 100.684 0.330
201509 1.238 100.392 1.625
201512 1.319 99.792 1.742
201603 0.953 100.470 1.250
201606 0.429 101.688 0.556
201609 0.043 101.861 0.056
201612 1.443 101.863 1.867
201703 0.162 102.862 0.208
201706 0.686 103.349 0.875
201709 0.460 104.136 0.582
201712 0.365 104.011 0.462
201803 0.260 105.290 0.325
201806 0.625 106.317 0.775
201809 0.430 106.507 0.532
201812 -0.540 105.998 -0.671
201903 -3.120 107.251 -3.833
201906 0.190 108.070 0.232
201909 0.115 108.329 0.140
201912 0.180 108.420 0.219
202003 0.245 108.902 0.296
202006 0.500 108.767 0.606
202009 0.415 109.815 0.498
202012 4.630 109.897 5.552
202103 2.330 111.754 2.747
202106 3.030 114.631 3.483
202109 4.490 115.734 5.112
202112 3.600 117.630 4.033
202203 3.480 121.301 3.781
202206 3.810 125.017 4.016
202209 4.280 125.227 4.504
202212 0.380 125.222 0.400
202303 0.380 127.348 0.393
202306 2.960 128.729 3.030
202309 3.240 129.860 3.288
202312 2.260 129.419 2.301
202403 2.250 131.776 2.250

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


AP Memory Technology  (TPE:6531) 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.

AP Memory Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=366.00/6.21
=58.94

* 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 11 years, the highest Shiller P/E Ratio of AP Memory Technology was 66.34. The lowest was 54.43. And the median was 58.05.


Be Aware

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


AP Memory Technology E10 Related Terms

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


AP Memory Technology (TPE:6531) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288
AP Memory Technology Corp is a memory IC design company. The company is engaged in manufacturing and developing mobile DRAM based specialty memory products for mobile, wearable, and Internet of Things devices. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile.

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