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Ledtech Electronics (TPE:6164) E10 : NT$0.37 (As of Mar. 2024)


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What is Ledtech Electronics 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.

Ledtech Electronics's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ledtech Electronics's average E10 Growth Rate was -27.50% per year. During the past 3 years, the average E10 Growth Rate was -10.40% 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 Ledtech Electronics was -4.50% per year. The lowest was -10.40% per year. And the median was -7.45% per year.

As of today (2024-06-07), Ledtech Electronics's current stock price is NT$16.20. Ledtech Electronics's E10 for the quarter that ended in Mar. 2024 was NT$0.37. Ledtech Electronics's Shiller PE Ratio of today is 43.78.

During the past 13 years, the highest Shiller PE Ratio of Ledtech Electronics was 45.28. The lowest was 7.82. And the median was 23.30.


Ledtech Electronics E10 Historical Data

The historical data trend for Ledtech Electronics'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.

Ledtech Electronics E10 Chart

Ledtech Electronics 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 0.62 0.50 0.49 0.54 0.36

Ledtech Electronics 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 0.51 0.46 0.42 0.36 0.37

Competitive Comparison of Ledtech Electronics's E10

For the Electrical Equipment & Parts subindustry, Ledtech Electronics'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.


Ledtech Electronics's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ledtech Electronics's Shiller PE Ratio distribution charts can be found below:

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



Ledtech Electronics 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, Ledtech Electronics'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)
=0.14/131.7762*131.7762
=0.140

Current CPI (Mar. 2024) = 131.7762.

Ledtech Electronics Quarterly Data

per share eps CPI Adj_EPS
201406 0.380 100.560 0.498
201409 0.350 100.428 0.459
201412 0.260 99.070 0.346
201503 0.100 99.621 0.132
201506 0.210 100.684 0.275
201509 0.070 100.392 0.092
201512 0.060 99.792 0.079
201603 0.110 100.470 0.144
201606 0.860 101.688 1.114
201609 0.070 101.861 0.091
201612 0.080 101.863 0.103
201703 0.140 102.862 0.179
201706 0.220 103.349 0.281
201709 0.060 104.136 0.076
201712 -0.050 104.011 -0.063
201803 0.010 105.290 0.013
201806 0.010 106.317 0.012
201809 0.020 106.507 0.025
201812 0.160 105.998 0.199
201903 -0.030 107.251 -0.037
201906 -0.040 108.070 -0.049
201909 -0.200 108.329 -0.243
201912 -0.330 108.420 -0.401
202003 -0.160 108.902 -0.194
202006 -0.070 108.767 -0.085
202009 -0.110 109.815 -0.132
202012 0.160 109.897 0.192
202103 -0.040 111.754 -0.047
202106 0.080 114.631 0.092
202109 0.120 115.734 0.137
202112 -0.100 117.630 -0.112
202203 -0.060 121.301 -0.065
202206 0.300 125.017 0.316
202209 0.100 125.227 0.105
202212 0.270 125.222 0.284
202303 -0.090 127.348 -0.093
202306 -0.070 128.729 -0.072
202309 0.060 129.860 0.061
202312 -0.150 129.419 -0.153
202403 0.140 131.776 0.140

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


Ledtech Electronics  (TPE:6164) 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.

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

Shiller PE Ratio=Share Price/E10
=16.20/0.37
=43.78

* 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 Ledtech Electronics was 45.28. The lowest was 7.82. And the median was 23.30.


Be Aware

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


Ledtech Electronics E10 Related Terms

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


Ledtech Electronics (TPE:6164) Business Description

Traded in Other Exchanges
N/A
Address
Zhongzheng Road, 5th Floor, No 542-5, Xindian District, New Taipei City, TWN, 231
Ledtech Electronics Corp is a Taiwan-based company engaged in the manufacturing, processing, R&D, and sale of light-emitting diode (LED) equipment.

Ledtech Electronics (TPE:6164) Headlines

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