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Time Watch Investments (HKSE:02033) Shiller PE Ratio : 3.00 (As of May. 10, 2024)


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What is Time Watch Investments Shiller PE Ratio?

As of today (2024-05-10), Time Watch Investments's current share price is HK$0.36. Time Watch Investments's E10 for the fiscal year that ended in Jun23 was HK$0.12. Time Watch Investments's Shiller PE Ratio for today is 3.00.

The historical rank and industry rank for Time Watch Investments's Shiller PE Ratio or its related term are showing as below:

HKSE:02033' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.29   Med: 3.69   Max: 4.79
Current: 3

During the past 13 years, Time Watch Investments's highest Shiller PE Ratio was 4.79. The lowest was 2.29. And the median was 3.69.

HKSE:02033's Shiller PE Ratio is ranked better than
96.48% of 625 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.72 vs HKSE:02033: 3.00

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Time Watch Investments's adjusted earnings per share data of for the fiscal year that ended in Jun23 was HK$0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$0.12 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Time Watch Investments Shiller PE Ratio Historical Data

The historical data trend for Time Watch Investments's Shiller PE Ratio 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.

Time Watch Investments Shiller PE Ratio Chart

Time Watch Investments Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.55 3.98 4.90 3.86 2.86

Time Watch Investments Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Shiller PE Ratio 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 - 3.86 - 2.86 -

Competitive Comparison of Time Watch Investments's Shiller PE Ratio

For the Footwear & Accessories subindustry, Time Watch Investments'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.


Time Watch Investments's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Time Watch Investments's Shiller PE Ratio falls into.



Time Watch Investments Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Time Watch Investments's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=0.36/0.12
=3.00

* 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.

Time Watch Investments's E10 for the fiscal year that ended in Jun23 is calculated as:

For example, Time Watch Investments's adjusted earnings per share data for the fiscal year that ended in Jun23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.018/115.6468*115.6468
=0.018

Current CPI (Jun23) = 115.6468.

Time Watch Investments Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.149 96.409 0.179
201506 0.162 99.267 0.189
201606 0.142 101.686 0.161
201706 0.113 103.664 0.126
201806 0.140 106.193 0.152
201906 0.147 109.601 0.155
202006 0.044 110.590 0.046
202106 0.125 111.360 0.130
202206 0.016 113.448 0.016
202306 0.018 115.647 0.018

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


Time Watch Investments  (HKSE:02033) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Time Watch Investments Shiller PE Ratio Related Terms

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Time Watch Investments (HKSE:02033) Business Description

Traded in Other Exchanges
N/A
Address
77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator; and the Asia Pacific.

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