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Wistron (TPE:3231) E10 : NT$2.76 (As of Mar. 2024)


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What is Wistron 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.

Wistron's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$1.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wistron's average E10 Growth Rate was 16.90% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was -2.10% 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 Wistron was 8.00% per year. The lowest was -11.90% per year. And the median was 1.90% per year.

As of today (2024-06-02), Wistron's current stock price is NT$112.00. Wistron's E10 for the quarter that ended in Mar. 2024 was NT$2.76. Wistron's Shiller PE Ratio of today is 40.58.

During the past 13 years, the highest Shiller PE Ratio of Wistron was 64.61. The lowest was 5.91. And the median was 13.71.


Wistron E10 Historical Data

The historical data trend for Wistron'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.

Wistron E10 Chart

Wistron 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 2.27 2.07 2.17 2.40 2.61

Wistron 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 2.36 2.43 2.54 2.61 2.76

Competitive Comparison of Wistron's E10

For the Computer Hardware subindustry, Wistron'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.


Wistron's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Wistron 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, Wistron'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)
=1.22/131.7762*131.7762
=1.220

Current CPI (Mar. 2024) = 131.7762.

Wistron Quarterly Data

per share eps CPI Adj_EPS
201406 0.436 100.560 0.571
201409 0.531 100.428 0.697
201412 0.202 99.070 0.269
201503 0.257 99.621 0.340
201506 0.027 100.684 0.035
201509 0.245 100.392 0.322
201512 -0.047 99.792 -0.062
201603 0.142 100.470 0.186
201606 0.226 101.688 0.293
201609 0.194 101.861 0.251
201612 0.534 101.863 0.691
201703 0.204 102.862 0.261
201706 0.291 103.349 0.371
201709 0.330 104.136 0.418
201712 0.580 104.011 0.735
201803 0.330 105.290 0.413
201806 0.230 106.317 0.285
201809 0.440 106.507 0.544
201812 0.740 105.998 0.920
201903 0.350 107.251 0.430
201906 0.440 108.070 0.537
201909 0.600 108.329 0.730
201912 0.980 108.420 1.191
202003 0.250 108.902 0.303
202006 1.010 108.767 1.224
202009 0.990 109.815 1.188
202012 0.810 109.897 0.971
202103 0.040 111.754 0.047
202106 1.480 114.631 1.701
202109 0.290 115.734 0.330
202112 1.850 117.630 2.072
202203 -0.310 121.301 -0.337
202206 1.500 125.017 1.581
202209 1.290 125.227 1.357
202212 1.390 125.222 1.463
202303 0.060 127.348 0.062
202306 1.140 128.729 1.167
202309 1.640 129.860 1.664
202312 1.150 129.419 1.171
202403 1.220 131.776 1.220

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


Wistron  (TPE:3231) 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.

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

Shiller PE Ratio=Share Price/E10
=112.00/2.76
=40.58

* 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 Wistron was 64.61. The lowest was 5.91. And the median was 13.71.


Be Aware

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


Wistron E10 Related Terms

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


Wistron (TPE:3231) Business Description

Traded in Other Exchanges
Address
No.5 , Xinan Road, East District, Hsinchu, TWN, 30076
Wistron Corp is an original design manufacturer of information and communication technology products. The company offers end-to-end services from the initial conceptualization and development of a product through to volume manufacturing and after-sale services. The in-house capabilities of the firm include design and engineering challenges such as styling considerations, component selection, prototyping, 3D modeling, testing, and packaging. The firm has operations in Asia, Europe, and North America.

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