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Fusheng Precision Co (TPE:6670) E10 : NT$17.43 (As of Mar. 2024)


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What is Fusheng Precision 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.

Fusheng Precision Co's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was NT$17.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$17.43 for the trailing ten years ended in Dec. 2023.

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 (2024-05-21), Fusheng Precision Co's current stock price is NT$ 289.00. Fusheng Precision Co's E10 for the fiscal year that ended in Dec. 2023 was NT$17.43. Fusheng Precision Co's Shiller PE Ratio of today is 16.58.

During the past 11 years, the highest Shiller PE Ratio of Fusheng Precision Co was 17.07. The lowest was 12.08. And the median was 12.86.


Fusheng Precision Co E10 Historical Data

The historical data trend for Fusheng Precision 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.

Fusheng Precision Co E10 Chart

Fusheng Precision 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 - - - 16.87 17.43

Fusheng Precision Co 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 - - - 17.43 -

Competitive Comparison of Fusheng Precision Co's E10

For the Leisure subindustry, Fusheng Precision 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.


Fusheng Precision Co's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fusheng Precision Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Fusheng Precision Co's Shiller PE Ratio falls into.



Fusheng Precision 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, Fusheng Precision Co's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=17.39/129.4194*129.4194
=17.390

Current CPI (Dec. 2023) = 129.4194.

Fusheng Precision Co Annual Data

per_share_eps CPI Adj_EPS
201412 6.690 99.070 8.739
201512 7.800 99.792 10.116
201612 13.030 101.863 16.555
201712 11.650 104.011 14.496
201812 16.810 105.998 20.524
201912 16.570 108.420 19.779
202012 8.610 109.897 10.140
202112 17.990 117.630 19.793
202212 35.570 125.222 36.762
202312 17.390 129.419 17.390

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


Fusheng Precision Co  (TPE:6670) 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.

Fusheng Precision Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=289.00/17.43
=16.58

* 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 11 years, the highest Shiller P/E Ratio of Fusheng Precision Co was 17.07. The lowest was 12.08. And the median was 12.86.


Be Aware

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


Fusheng Precision Co E10 Related Terms

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


Fusheng Precision Co (TPE:6670) Business Description

Traded in Other Exchanges
N/A
Address
No. 172, Section 2, Nanjing East Road, 3rd Floor, Zhongshan District, Taipei, TWN
Fusheng Precision Co Ltd is engaged in the business of exporting high-quality golf club heads, carbon fiber golf shafts, golf club assembled sets, baseball, and softball bats, and industrial precision parts. Its business segments include Golf Business and Sports Equipment Business. Also, the company provides aerospace and automotive precision parts.

Fusheng Precision Co (TPE:6670) Headlines

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