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China Telecom (FRA:ZCH) Shiller PE Ratio : 12.25 (As of May. 04, 2024)


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What is China Telecom Shiller PE Ratio?

As of today (2024-05-04), China Telecom's current share price is €0.49. China Telecom's E10 for the quarter that ended in Mar. 2024 was €0.04. China Telecom's Shiller PE Ratio for today is 12.25.

The historical rank and industry rank for China Telecom's Shiller PE Ratio or its related term are showing as below:

FRA:ZCH' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.52   Med: 11.96   Max: 18.12
Current: 12.77

During the past years, China Telecom's highest Shiller PE Ratio was 18.12. The lowest was 6.52. And the median was 11.96.

FRA:ZCH's Shiller PE Ratio is ranked better than
58.53% of 217 companies
in the Telecommunication Services industry
Industry Median: 14.55 vs FRA:ZCH: 12.77

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

China Telecom's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.011. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Telecom Shiller PE Ratio Historical Data

The historical data trend for China Telecom's Shiller PE Ratio 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.

China Telecom Shiller PE Ratio Chart

China Telecom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.84 7.16 8.30 9.41 11.37

China Telecom Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 12.71 11.35 11.78 11.37 12.74

Competitive Comparison of China Telecom's Shiller PE Ratio

For the Telecom Services subindustry, China Telecom'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 Telecom's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Shiller PE Ratio distribution charts can be found below:

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



China Telecom Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

China Telecom's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=0.49/0.04
=12.25

* 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.

China Telecom's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, China Telecom'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)
=0.011/114.6694*114.6694
=0.011

Current CPI (Mar. 2024) = 114.6694.

China Telecom Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.009 98.200 0.011
201409 0.007 98.900 0.008
201412 0.002 99.000 0.002
201503 0.009 99.900 0.010
201506 0.011 99.500 0.013
201509 0.009 100.500 0.010
201512 0.007 100.600 0.008
201603 0.009 102.200 0.010
201606 0.011 101.400 0.012
201609 0.010 102.400 0.011
201612 0.001 102.600 0.001
201703 0.009 103.200 0.010
201706 0.012 103.100 0.013
201709 0.009 104.100 0.010
201712 0.000 104.500 0.000
201803 0.009 105.300 0.010
201806 0.013 104.900 0.014
201809 0.008 106.600 0.009
201812 0.003 106.500 0.003
201903 0.010 107.700 0.011
201906 0.013 107.700 0.014
201909 0.007 109.800 0.007
201912 0.003 111.200 0.003
202003 0.009 112.300 0.009
202006 0.013 110.400 0.014
202009 0.007 111.700 0.007
202012 0.003 111.500 0.003
202103 0.010 112.662 0.010
202106 0.018 111.769 0.018
202109 0.008 112.215 0.008
202112 0.004 113.108 0.004
202203 0.011 114.335 0.011
202206 0.017 114.558 0.017
202209 0.010 115.339 0.010
202212 0.004 115.116 0.004
202303 0.012 115.116 0.012
202306 0.017 114.558 0.017
202309 0.010 115.339 0.010
202312 0.004 114.669 0.004
202403 0.011 114.669 0.011

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


China Telecom  (FRA:ZCH) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


China Telecom Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of China Telecom's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


China Telecom (FRA:ZCH) Business Description

Traded in Other Exchanges
Address
31 Jinrong Street, Xicheng District, Beijing, CHN, 100033
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.

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