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Sung Gang (ROCO:6240) E10 : NT$0.48 (As of Mar. 2024)


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What is Sung Gang 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.

Sung Gang's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-0.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sung Gang's average E10 Growth Rate was -57.90% 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.

As of today (2024-06-08), Sung Gang's current stock price is NT$22.90. Sung Gang's E10 for the quarter that ended in Mar. 2024 was NT$0.48. Sung Gang's Shiller PE Ratio of today is 47.71.

During the past 13 years, the highest Shiller PE Ratio of Sung Gang was 114.62. The lowest was 15.71. And the median was 20.31.


Sung Gang E10 Historical Data

The historical data trend for Sung Gang'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.

Sung Gang E10 Chart

Sung Gang 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 -7.16 -0.81 0.94 1.13 0.43

Sung Gang 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 1.14 1.15 1.09 0.43 0.48

Competitive Comparison of Sung Gang's E10

For the Publishing subindustry, Sung Gang'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.


Sung Gang's Shiller PE Ratio Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Sung Gang's Shiller PE Ratio falls into.



Sung Gang 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, Sung Gang'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)
=-0.28/131.7762*131.7762
=-0.280

Current CPI (Mar. 2024) = 131.7762.

Sung Gang Quarterly Data

per share eps CPI Adj_EPS
201406 0.550 100.560 0.721
201409 0.320 100.428 0.420
201412 0.460 99.070 0.612
201503 0.820 99.621 1.085
201506 -0.060 100.684 -0.079
201509 1.330 100.392 1.746
201512 -0.480 99.792 -0.634
201603 -0.580 100.470 -0.761
201606 0.070 101.688 0.091
201609 1.280 101.861 1.656
201612 0.060 101.863 0.078
201703 -0.140 102.862 -0.179
201706 -0.040 103.349 -0.051
201709 -0.190 104.136 -0.240
201712 -1.220 104.011 -1.546
201803 -0.610 105.290 -0.763
201806 -0.270 106.317 -0.335
201809 1.140 106.507 1.410
201812 1.030 105.998 1.280
201903 -0.120 107.251 -0.147
201906 0.290 108.070 0.354
201909 -0.410 108.329 -0.499
201912 -1.890 108.420 -2.297
202003 -1.100 108.902 -1.331
202006 0.520 108.767 0.630
202009 0.140 109.815 0.168
202012 0.490 109.897 0.588
202103 0.245 111.754 0.289
202106 0.780 114.631 0.897
202109 0.060 115.734 0.068
202112 0.050 117.630 0.056
202203 -0.100 121.301 -0.109
202206 2.160 125.017 2.277
202209 -0.500 125.227 -0.526
202212 0.570 125.222 0.600
202303 0.060 127.348 0.062
202306 -0.670 128.729 -0.686
202309 -0.100 129.860 -0.101
202312 0.270 129.419 0.275
202403 -0.280 131.776 -0.280

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


Sung Gang  (ROCO:6240) 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.

Sung Gang's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.90/0.48
=47.71

* 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 13 years, the highest Shiller P/E Ratio of Sung Gang was 114.62. The lowest was 15.71. And the median was 20.31.


Be Aware

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


Sung Gang E10 Related Terms

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


Sung Gang (ROCO:6240) Business Description

Traded in Other Exchanges
N/A
Address
No. 50, Zhongxiao West Road, 100, 9th Floor, Section 1, Zhongzheng District, Taipei, TWN
Sung Gang Corp Ltd publishes computer related books. The company is also involved in the wholesale of information software and leasing industry. Its products portfolio include Information technology books, Commercial software, Application software, and Computer skill test.

Sung Gang (ROCO:6240) Headlines

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