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USP Group (SGX:BRS) E10 : S$-0.30 (As of Dec. 2022)


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What is USP Group 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.

USP Group's adjusted earnings per share data for the three months ended in Dec. 2022 was S$-0.005. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$-0.30 for the trailing ten years ended in Dec. 2022.

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 (2024-05-22), USP Group's current stock price is S$0.042. USP Group's E10 for the quarter that ended in Dec. 2022 was S$-0.30. USP Group's Shiller PE Ratio of today is .


USP Group E10 Historical Data

The historical data trend for USP Group'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.

USP Group E10 Chart

USP Group Annual Data
Trend Nov11 Nov12 Nov13 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -0.04 -0.03 -0.27

USP Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22
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 -0.27 -0.28 -0.30 -0.30 -0.30

Competitive Comparison of USP Group's E10

For the Conglomerates subindustry, USP Group'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.


USP Group's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, USP Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where USP Group's Shiller PE Ratio falls into.



USP Group 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, USP Group's adjusted earnings per share data for the three months ended in Dec. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=-0.005/125.2218*125.2218
=-0.005

Current CPI (Dec. 2022) = 125.2218.

USP Group Quarterly Data

per share eps CPI Adj_EPS
201208 -0.004 97.199 -0.005
201211 0.010 97.133 0.013
201302 -0.004 97.953 -0.005
201305 0.006 98.282 0.008
201308 -0.009 98.675 -0.011
201311 -0.065 98.334 -0.083
201402 -0.016 99.057 -0.020
201405 -0.045 100.373 -0.056
201408 -0.011 100.352 -0.014
201503 0.110 99.621 0.138
201506 -0.011 100.684 -0.014
201509 -0.014 100.392 -0.017
201512 -0.021 99.792 -0.026
201603 0.171 100.470 0.213
201606 -0.001 101.688 -0.001
201609 0.007 101.861 0.009
201612 -0.028 101.863 -0.034
201703 -0.032 102.862 -0.039
201706 -0.007 103.349 -0.008
201709 -0.006 104.136 -0.007
201712 0.011 104.011 0.013
201803 0.003 105.290 0.004
201806 0.001 106.317 0.001
201809 -0.011 106.507 -0.013
201812 -0.004 105.998 -0.005
201903 -0.249 107.251 -0.291
201906 -0.007 108.070 -0.008
201909 0.002 108.329 0.002
201912 -0.001 108.420 -0.001
202003 -0.064 108.902 -0.074
202006 0.003 108.767 0.003
202009 0.002 109.815 0.002
202012 0.019 109.897 0.022
202103 -2.404 111.754 -2.694
202106 0.007 114.631 0.008
202109 0.014 115.734 0.015
202112 0.003 117.630 0.003
202206 0.005 125.017 0.005
202209 0.010 125.227 0.010
202212 -0.005 125.222 -0.005

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


USP Group  (SGX:BRS) 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.


Be Aware

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


USP Group E10 Related Terms

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


USP Group (SGX:BRS) Business Description

Traded in Other Exchanges
N/A
Address
7 Temasek Boulevard, No. 29-02A, Singapore, SGP, 038987
USP Group Ltd is an investment holding company. The company operates through the segments of Property investments; Marine distributors and dealerships; Calibration of environmental equipment and others. It generates maximum revenue from the Marine distributors and dealerships segment. The Marine distributors and dealerships segment is a trader of marine equipment and related products. Geographically, it derives a majority of revenue from Malaysia.

USP Group (SGX:BRS) Headlines

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