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Far EasTone Telecommunications Co (TPE:4904) E10 : NT$3.73 (As of Mar. 2024)


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What is Far EasTone Telecommunications Co 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.

Far EasTone Telecommunications Co's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Far EasTone Telecommunications Co's average E10 Growth Rate was -0.80% per year. During the past 3 years, the average E10 Growth Rate was 2.80% 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 Far EasTone Telecommunications Co was 2.80% per year. The lowest was 2.60% per year. And the median was 2.70% per year.

As of today (2024-06-10), Far EasTone Telecommunications Co's current stock price is NT$84.90. Far EasTone Telecommunications Co's E10 for the quarter that ended in Mar. 2024 was NT$3.73. Far EasTone Telecommunications Co's Shiller PE Ratio of today is 22.76.

During the past 13 years, the highest Shiller PE Ratio of Far EasTone Telecommunications Co was 22.89. The lowest was 17.09. And the median was 19.15.


Far EasTone Telecommunications Co E10 Historical Data

The historical data trend for Far EasTone Telecommunications Co'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.

Far EasTone Telecommunications Co E10 Chart

Far EasTone Telecommunications Co 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 3.44 3.42 3.61 3.72 3.71

Far EasTone Telecommunications Co 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 3.76 3.76 3.75 3.71 3.73

Competitive Comparison of Far EasTone Telecommunications Co's E10

For the Telecom Services subindustry, Far EasTone Telecommunications Co'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.


Far EasTone Telecommunications Co's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Far EasTone Telecommunications Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Far EasTone Telecommunications Co's Shiller PE Ratio falls into.



Far EasTone Telecommunications Co 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, Far EasTone Telecommunications Co'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)
=0.81/131.7762*131.7762
=0.810

Current CPI (Mar. 2024) = 131.7762.

Far EasTone Telecommunications Co Quarterly Data

per share eps CPI Adj_EPS
201406 1.060 100.560 1.389
201409 0.880 100.428 1.155
201412 0.620 99.070 0.825
201503 0.910 99.621 1.204
201506 0.970 100.684 1.270
201509 0.990 100.392 1.299
201512 0.650 99.792 0.858
201603 0.920 100.470 1.207
201606 0.920 101.688 1.192
201609 0.980 101.861 1.268
201612 0.670 101.863 0.867
201703 0.870 102.862 1.115
201706 0.890 103.349 1.135
201709 0.880 104.136 1.114
201712 0.690 104.011 0.874
201803 0.750 105.290 0.939
201806 0.820 106.317 1.016
201809 0.800 106.507 0.990
201812 0.500 105.998 0.622
201903 0.680 107.251 0.836
201906 0.670 108.070 0.817
201909 0.670 108.329 0.815
201912 0.650 108.420 0.790
202003 0.670 108.902 0.811
202006 0.690 108.767 0.836
202009 0.630 109.815 0.756
202012 0.570 109.897 0.683
202103 0.560 111.754 0.660
202106 0.610 114.631 0.701
202109 1.030 115.734 1.173
202112 0.610 117.630 0.683
202203 0.710 121.301 0.771
202206 0.710 125.017 0.748
202209 0.740 125.227 0.779
202212 0.780 125.222 0.821
202303 0.840 127.348 0.869
202306 0.850 128.729 0.870
202309 0.870 129.860 0.883
202312 0.850 129.419 0.865
202403 0.810 131.776 0.810

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


Far EasTone Telecommunications Co  (TPE:4904) 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.

Far EasTone Telecommunications Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=84.90/3.73
=22.76

* 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 Far EasTone Telecommunications Co was 22.89. The lowest was 17.09. And the median was 19.15.


Be Aware

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


Far EasTone Telecommunications Co E10 Related Terms

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


Far EasTone Telecommunications Co (TPE:4904) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun-Hwa South Road, 28th Floor, Section 2, Taipei, TWN
Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.

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