China Television Co (TPE:9928) E10 : NT$-4.16 (As of Mar. 2024)

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What is China Television 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.

China Television Co's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-4.16 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 2.80% 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 China Television Co was 2.80% per year. The lowest was -5.70% per year. And the median was -1.45% per year.

As of today (2024-06-20), China Television Co's current stock price is NT$21.85. China Television Co's E10 for the quarter that ended in Mar. 2024 was NT$-4.16. China Television Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of China Television Co was 0.88. The lowest was 0.00. And the median was 0.88.

China Television Co E10 Historical Data

The historical data trend for China Television 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.

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China Television Co E10 Chart

China Television Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

E10

Get a 7-Day Free Trial

-4.13

-4.78

-4.94

-4.88

-4.39

China Television 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															-4.71	-4.58	-4.50	-4.39	-4.16

Competitive Comparison of China Television Co's E10

For the Broadcasting subindustry, China Television 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.

China Television Co's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Television Co's Shiller PE Ratio distribution charts can be found below:

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

China Television 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, China Television Co'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)
	=	0.14	/	131.7762	*	131.7762
	=	0.140

Current CPI (Mar. 2024) = 131.7762.

China Television Co Quarterly Data

	per share eps	CPI	Adj_EPS
201406	-1.153	100.560	-1.511
201409	-2.018	100.428	-2.648
201412	-1.812	99.070	-2.410
201503	-4.283	99.621	-5.665
201506	-2.677	100.684	-3.504
201509	-1.647	100.392	-2.162
201512	-0.621	99.792	-0.820
201603	-0.988	100.470	-1.296
201606	-1.117	101.688	-1.448
201609	-1.216	101.861	-1.573
201612	-2.898	101.863	-3.749
201703	-0.670	102.862	-0.858
201706	-2.011	103.349	-2.564
201709	-1.564	104.136	-1.979
201712	-0.646	104.011	-0.818
201803	-1.142	105.290	-1.429
201806	-1.018	106.317	-1.262
201809	-0.869	106.507	-1.075
201812	-0.124	105.998	-0.154
201903	-0.844	107.251	-1.037
201906	-0.571	108.070	-0.696
201909	-0.323	108.329	-0.393
201912	-0.607	108.420	-0.738
202003	-0.422	108.902	-0.511
202006	-0.050	108.767	-0.061
202009	-0.099	109.815	-0.119
202012	-0.546	109.897	-0.655
202103	-0.340	111.754	-0.401
202106	-0.370	114.631	-0.425
202109	-0.110	115.734	-0.125
202112	0.358	117.630	0.401
202203	-0.070	121.301	-0.076
202206	-0.070	125.017	-0.074
202209	-0.160	125.227	-0.168
202212	0.419	125.222	0.441
202303	-0.270	127.348	-0.279
202306	-0.200	128.729	-0.205
202309	-0.160	129.860	-0.162
202312	0.500	129.419	0.509
202403	0.140	131.776	0.140

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

China Television Co (TPE:9928) 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.

During the past 13 years, the highest Shiller P/E Ratio of China Television Co was 0.88. The lowest was 0.00. And the median was 0.88.

Be Aware

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

China Television Co E10 Related Terms

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

China Television Co (TPE:9928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Television Co (TPE:9928) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 118, Chongyang Road, Nangang District, Taipei, TWN

Website

https://www.ctv.com.tw

China Television Co is a Taiwan-based broadcasting company. It is engaged in the production, broadcasting, and distribution of television programs; production and broadcasting of television advertisements; and broadcasting and provision of international television programs.

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