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Horizon Securities Co (ROCO:6015) Shiller PE Ratio : 22.33 (As of Apr. 12, 2025)


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What is Horizon Securities Co Shiller PE Ratio?

As of today (2025-04-12), Horizon Securities Co's current share price is NT$9.60. Horizon Securities Co's E10 for the quarter that ended in Dec. 2024 was NT$0.43. Horizon Securities Co's Shiller PE Ratio for today is 22.33.

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

ROCO:6015' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.96   Med: 24.67   Max: 50.5
Current: 20.14

During the past years, Horizon Securities Co's highest Shiller PE Ratio was 50.50. The lowest was 10.96. And the median was 24.67.

ROCO:6015's Shiller PE Ratio is ranked better than
52.53% of 455 companies
in the Capital Markets industry
Industry Median: 21.32 vs ROCO:6015: 20.14

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.

Horizon Securities Co's adjusted earnings per share data for the three months ended in Dec. 2024 was NT$-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is NT$0.43 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Horizon Securities Co Shiller PE Ratio Historical Data

The historical data trend for Horizon Securities Co'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.

Horizon Securities Co Shiller PE Ratio Chart

Horizon Securities Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.43 19.25 21.40 28.41 24.94

Horizon Securities Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 28.41 29.57 32.55 26.59 24.94

Competitive Comparison of Horizon Securities Co's Shiller PE Ratio

For the Capital Markets subindustry, Horizon Securities 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.


Horizon Securities Co's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Horizon Securities Co's Shiller PE Ratio distribution charts can be found below:

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


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Horizon Securities Co 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.

Horizon Securities Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=9.60/0.43
=22.33

* 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.

Horizon Securities Co's E10 for the quarter that ended in Dec. 2024 is calculated as:

For example, Horizon Securities Co's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.05/133.1571*133.1571
=-0.050

Current CPI (Dec. 2024) = 133.1571.

Horizon Securities Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201503 -0.047 99.621 -0.063
201506 -0.236 100.684 -0.312
201509 -0.415 100.392 -0.550
201512 0.132 99.792 0.176
201603 -0.009 100.470 -0.012
201606 -0.160 101.688 -0.210
201609 -0.009 101.861 -0.012
201612 -0.203 101.863 -0.265
201703 0.057 102.862 0.074
201706 0.038 103.349 0.049
201709 0.406 104.136 0.519
201712 0.049 104.011 0.063
201803 -0.075 105.290 -0.095
201806 0.142 106.317 0.178
201809 -0.745 106.507 -0.931
201812 -0.461 105.998 -0.579
201903 0.274 107.251 0.340
201906 -0.132 108.070 -0.163
201909 0.123 108.329 0.151
201912 0.113 108.420 0.139
202003 -0.736 108.902 -0.900
202006 1.038 108.767 1.271
202009 0.004 109.815 0.005
202012 0.877 109.897 1.063
202103 0.868 111.754 1.034
202106 2.028 114.631 2.356
202109 -0.060 115.734 -0.069
202112 0.480 117.630 0.543
202203 -0.280 121.301 -0.307
202206 0.030 125.017 0.032
202209 -0.070 125.227 -0.074
202212 -0.330 125.222 -0.351
202303 0.110 127.348 0.115
202306 0.150 128.729 0.155
202309 0.060 129.860 0.062
202312 0.100 129.419 0.103
202403 0.520 131.776 0.525
202406 0.310 132.554 0.311
202409 -0.010 133.029 -0.010
202412 -0.050 133.157 -0.050

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.


Horizon Securities Co  (ROCO:6015) 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.


Horizon Securities Co Shiller PE Ratio Related Terms

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


Horizon Securities Co Business Description

Traded in Other Exchanges
N/A
Address
Xinyi Road, 3-5 and 7th Floor, No. 236, Sec. 4, Da’an Dist, Taipei, TWN, 106
Horizon Securities Co Ltd is a Taiwan-based company which is engaged in providing various financial products and services. The company offers stock brokerage, proprietary trading, underwriting, and futures trading services. The company is mainly involved in securities brokerage, securities proprietary business, securities underwriting business, futures brokerage business, futures proprietary business, and futures consulting business.

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