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G M I Technology (TPE:3312) E10 : NT$1.07 (As of Mar. 2024)


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What is G M I Technology 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.

G M I Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, G M I Technology's average E10 Growth Rate was 17.60% per year. During the past 3 years, the average E10 Growth Rate was 43.80% 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 G M I Technology was 44.80% per year. The lowest was 43.80% per year. And the median was 44.30% per year.

As of today (2024-06-12), G M I Technology's current stock price is NT$68.50. G M I Technology's E10 for the quarter that ended in Mar. 2024 was NT$1.07. G M I Technology's Shiller PE Ratio of today is 64.02.

During the past 13 years, the highest Shiller PE Ratio of G M I Technology was 62.99. The lowest was 18.35. And the median was 37.75.


G M I Technology E10 Historical Data

The historical data trend for G M I Technology'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.

G M I Technology E10 Chart

G M I Technology 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 0.29 0.34 0.57 0.88 1.01

G M I Technology 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 0.91 0.92 1.00 1.01 1.07

Competitive Comparison of G M I Technology's E10

For the Electronics & Computer Distribution subindustry, G M I Technology'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.


G M I Technology's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, G M I Technology's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where G M I Technology's Shiller PE Ratio falls into.



G M I Technology 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, G M I Technology'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)
=0.58/131.7762*131.7762
=0.580

Current CPI (Mar. 2024) = 131.7762.

G M I Technology Quarterly Data

per share eps CPI Adj_EPS
201406 -0.116 100.560 -0.152
201409 0.428 100.428 0.562
201412 0.280 99.070 0.372
201503 -0.086 99.621 -0.114
201506 -0.327 100.684 -0.428
201509 -0.288 100.392 -0.378
201512 -1.457 99.792 -1.924
201603 0.078 100.470 0.102
201606 0.210 101.688 0.272
201609 0.093 101.861 0.120
201612 -0.016 101.863 -0.021
201703 0.070 102.862 0.090
201706 -1.843 103.349 -2.350
201709 0.354 104.136 0.448
201712 0.240 104.011 0.304
201803 0.283 105.290 0.354
201806 0.299 106.317 0.371
201809 0.253 106.507 0.313
201812 0.168 105.998 0.209
201903 0.177 107.251 0.217
201906 0.354 108.070 0.432
201909 0.330 108.329 0.401
201912 0.241 108.420 0.293
202003 0.179 108.902 0.217
202006 0.196 108.767 0.237
202009 0.422 109.815 0.506
202012 0.619 109.897 0.742
202103 0.462 111.754 0.545
202106 0.835 114.631 0.960
202109 1.180 115.734 1.344
202112 0.730 117.630 0.818
202203 1.000 121.301 1.086
202206 0.630 125.017 0.664
202209 0.650 125.227 0.684
202212 0.810 125.222 0.852
202303 0.380 127.348 0.393
202306 0.180 128.729 0.184
202309 0.910 129.860 0.923
202312 0.510 129.419 0.519
202403 0.580 131.776 0.580

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


G M I Technology  (TPE:3312) 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.

G M I Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=68.50/1.07
=64.02

* 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 G M I Technology was 62.99. The lowest was 18.35. And the median was 37.75.


Be Aware

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


G M I Technology E10 Related Terms

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


G M I Technology (TPE:3312) Business Description

Traded in Other Exchanges
N/A
Address
No. 57, Xingzhong Road, 2nd Floor, Neihu District, Taipei, TWN, 114
G M I Technology Inc is an electronics component distributor and application solutions provider in Taiwan. Its products include consumer electronics, home appliances, information technology, and networking, data and telecommunications, industrial, and power solutions. The company generates maximum revenue from Digital Communication Solutions and Components. Geographically, it derives a majority of its revenue from China.

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