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Cohu (STU:CU3) E10 : €0.49 (As of Mar. 2024)


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What is Cohu 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.

Cohu's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.285. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cohu's average E10 Growth Rate was 37.50% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cohu was 67.70% per year. The lowest was -184.40% per year. And the median was 1.55% per year.

As of today (2024-06-10), Cohu's current stock price is €30.00. Cohu's E10 for the quarter that ended in Mar. 2024 was €0.49. Cohu's Shiller PE Ratio of today is 61.22.

During the past 13 years, the highest Shiller PE Ratio of Cohu was 2522.00. The lowest was 32.66. And the median was 83.82.


Cohu E10 Historical Data

The historical data trend for Cohu'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.

Cohu E10 Chart

Cohu 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 -0.06 -0.18 0.03 0.28 0.51

Cohu 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 0.37 0.41 0.49 0.51 0.49

Competitive Comparison of Cohu's E10

For the Semiconductor Equipment & Materials subindustry, Cohu'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.


Cohu's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cohu's Shiller PE Ratio distribution charts can be found below:

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



Cohu 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, Cohu'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)
=-0.285/131.7762*131.7762
=-0.285

Current CPI (Mar. 2024) = 131.7762.

Cohu Quarterly Data

per share eps CPI Adj_EPS
201406 0.118 100.560 0.155
201409 0.225 100.428 0.295
201412 0.008 99.070 0.011
201503 -0.102 99.621 -0.135
201506 0.000 100.684 0.000
201509 0.036 100.392 0.047
201512 0.064 99.792 0.085
201603 -0.054 100.470 -0.071
201606 0.080 101.688 0.104
201609 0.009 101.861 0.012
201612 0.076 101.863 0.098
201703 0.224 102.862 0.287
201706 0.320 103.349 0.408
201709 0.252 104.136 0.319
201712 0.194 104.011 0.246
201803 0.227 105.290 0.284
201806 0.334 106.317 0.414
201809 0.137 106.507 0.170
201812 -1.231 105.998 -1.530
201903 -0.487 107.251 -0.598
201906 -0.416 108.070 -0.507
201909 -0.227 108.329 -0.276
201912 -0.378 108.420 -0.459
202003 -0.380 108.902 -0.460
202006 -0.098 108.767 -0.119
202009 -0.136 109.815 -0.163
202012 0.279 109.897 0.335
202103 0.512 111.754 0.604
202106 1.594 114.631 1.832
202109 0.408 115.734 0.465
202112 0.372 117.630 0.417
202203 0.400 121.301 0.435
202206 0.558 125.017 0.588
202209 0.515 125.227 0.542
202212 0.425 125.222 0.447
202303 0.308 127.348 0.319
202306 0.203 128.729 0.208
202309 0.075 129.860 0.076
202312 -0.037 129.419 -0.038
202403 -0.285 131.776 -0.285

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


Cohu  (STU:CU3) 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.

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

Shiller PE Ratio=Share Price/E10
=30.00/0.49
=61.22

* 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 Cohu was 2522.00. The lowest was 32.66. And the median was 83.82.


Be Aware

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


Cohu E10 Related Terms

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


Cohu (STU:CU3) Business Description

Traded in Other Exchanges
Address
12367 Crothwaite Circle, Poway, CA, USA, 92064-6817
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has two reportable segments, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection) and PCB Test Equipment (PCB Test). The majority of the firm's revenue is derived from the Semiconductor Test and Inspection Equipment segment.

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