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Accton Technology (TPE:2345) E10 : NT$8.73 (As of Mar. 2024)


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What is Accton 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.

Accton Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$3.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$8.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Accton Technology's average E10 Growth Rate was 24.50% per year. During the past 3 years, the average E10 Growth Rate was 26.80% per year. During the past 5 years, the average E10 Growth Rate was 28.50% 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 Accton Technology was 30.50% per year. The lowest was 25.50% per year. And the median was 26.80% per year.

As of today (2024-05-26), Accton Technology's current stock price is NT$512.00. Accton Technology's E10 for the quarter that ended in Mar. 2024 was NT$8.73. Accton Technology's Shiller PE Ratio of today is 58.65.

During the past 13 years, the highest Shiller PE Ratio of Accton Technology was 78.22. The lowest was 36.41. And the median was 53.94.


Accton Technology E10 Historical Data

The historical data trend for Accton 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.

Accton Technology E10 Chart

Accton 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 3.31 4.04 4.98 6.55 8.23

Accton 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 7.01 7.44 7.89 8.23 8.73

Competitive Comparison of Accton Technology's E10

For the Communication Equipment subindustry, Accton 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.


Accton Technology's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Accton 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, Accton 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)
=3.99/131.7762*131.7762
=3.990

Current CPI (Mar. 2024) = 131.7762.

Accton Technology Quarterly Data

per share eps CPI Adj_EPS
201406 0.290 100.560 0.380
201409 0.120 100.428 0.157
201412 0.430 99.070 0.572
201503 0.200 99.621 0.265
201506 0.410 100.684 0.537
201509 0.700 100.392 0.919
201512 0.850 99.792 1.122
201603 0.740 100.470 0.971
201606 0.880 101.688 1.140
201609 0.860 101.861 1.113
201612 0.940 101.863 1.216
201703 1.150 102.862 1.473
201706 1.130 103.349 1.441
201709 1.160 104.136 1.468
201712 1.100 104.011 1.394
201803 0.930 105.290 1.164
201806 1.420 106.317 1.760
201809 1.480 106.507 1.831
201812 1.410 105.998 1.753
201903 1.350 107.251 1.659
201906 2.450 108.070 2.987
201909 3.080 108.329 3.747
201912 1.900 108.420 2.309
202003 1.830 108.902 2.214
202006 2.060 108.767 2.496
202009 2.670 109.815 3.204
202012 2.440 109.897 2.926
202103 2.000 111.754 2.358
202106 1.710 114.631 1.966
202109 1.950 115.734 2.220
202112 2.700 117.630 3.025
202203 2.290 121.301 2.488
202206 3.690 125.017 3.890
202209 4.380 125.227 4.609
202212 4.120 125.222 4.336
202303 3.620 127.348 3.746
202306 4.000 128.729 4.095
202309 4.250 129.860 4.313
202312 4.000 129.419 4.073
202403 3.990 131.776 3.990

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


Accton Technology  (TPE:2345) 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.

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

Shiller PE Ratio=Share Price/E10
=512.00/8.73
=58.65

* 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 Accton Technology was 78.22. The lowest was 36.41. And the median was 53.94.


Be Aware

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


Accton Technology E10 Related Terms

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


Accton Technology (TPE:2345) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Creation 3rd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 30077
Accton Technology Corp develops, manufactures and sells innovative high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company is Switch, Network Application, Metro Access Switch, Other and Wireless. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Taiwan, the rest of Asia, Europe, and other regions.

Accton Technology (TPE:2345) Headlines

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