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Belle International Holdings (Belle International Holdings) E10 : $0.72 (As of Feb. 2017)


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What is Belle International Holdings 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.

Belle International Holdings's adjusted earnings per share data for the fiscal year that ended in Feb. 2017 was $0.415. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.72 for the trailing ten years ended in Feb. 2017.

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 (2024-05-06), Belle International Holdings's current stock price is $ 7.91. Belle International Holdings's E10 for the fiscal year that ended in Feb. 2017 was $0.72. Belle International Holdings's Shiller PE Ratio of today is 10.99.


Belle International Holdings E10 Historical Data

The historical data trend for Belle International Holdings'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.

Belle International Holdings E10 Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.68 0.72

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
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 - - 0.68 - 0.72

Competitive Comparison of Belle International Holdings's E10

For the Footwear & Accessories subindustry, Belle International Holdings'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.


Belle International Holdings's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Belle International Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Belle International Holdings's Shiller PE Ratio falls into.



Belle International Holdings 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, Belle International Holdings's adjusted earnings per share data for the fiscal year that ended in Feb. 2017 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Feb. 2017 (Change)*Current CPI (Feb. 2017)
=0.415/103.1147*103.1147
=0.415

Current CPI (Feb. 2017) = 103.1147.

Belle International Holdings Annual Data

per_share_eps CPI Adj_EPS
200812 0.348 79.590 0.451
200912 0.440 80.799 0.562
201012 0.611 83.217 0.757
201112 0.795 87.944 0.932
201212 0.828 91.132 0.937
201312 0.877 95.090 0.951
201402 0.858 95.969 0.922
201502 0.902 100.257 0.928
201602 0.531 103.225 0.530
201702 0.415 103.115 0.415

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


Belle International Holdings  (OTCPK:BELLY) 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.

Belle International Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.91/0.72
=10.99

* 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.


Be Aware

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


Belle International Holdings E10 Related Terms

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


Belle International Holdings (Belle International Holdings) Business Description

Traded in Other Exchanges
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Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

Belle International Holdings (Belle International Holdings) Headlines

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