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Tong Hua Holdings PCL (BKK:TH) E10 : ฿0.04 (As of Mar. 2024)


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What is Tong Hua Holdings PCL 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.

Tong Hua Holdings PCL's adjusted earnings per share data for the three months ended in Mar. 2024 was ฿0.037. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ฿0.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tong Hua Holdings PCL's average E10 Growth Rate was 33.30% 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.

As of today (2024-06-08), Tong Hua Holdings PCL's current stock price is ฿0.84. Tong Hua Holdings PCL's E10 for the quarter that ended in Mar. 2024 was ฿0.04. Tong Hua Holdings PCL's Shiller PE Ratio of today is 21.00.

During the past 13 years, the highest Shiller PE Ratio of Tong Hua Holdings PCL was 430.00. The lowest was 21.74. And the median was 95.42.


Tong Hua Holdings PCL E10 Historical Data

The historical data trend for Tong Hua Holdings PCL'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.

Tong Hua Holdings PCL E10 Chart

Tong Hua Holdings PCL 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 - - 0.01 0.02 0.04

Tong Hua Holdings PCL 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 0.03 0.03 0.04 0.04 0.04

Competitive Comparison of Tong Hua Holdings PCL's E10

For the Financial Conglomerates subindustry, Tong Hua Holdings PCL'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.


Tong Hua Holdings PCL's Shiller PE Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tong Hua Holdings PCL's Shiller PE Ratio falls into.



Tong Hua Holdings PCL 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, Tong Hua Holdings PCL'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)
=0.037/131.7762*131.7762
=0.037

Current CPI (Mar. 2024) = 131.7762.

Tong Hua Holdings PCL Quarterly Data

per share eps CPI Adj_EPS
201406 -0.006 100.560 -0.008
201409 0.038 100.428 0.050
201412 -0.003 99.070 -0.004
201503 -0.002 99.621 -0.003
201506 -0.018 100.684 -0.024
201509 -0.014 100.392 -0.018
201512 -0.014 99.792 -0.018
201603 -0.017 100.470 -0.022
201606 -0.006 101.688 -0.008
201609 -0.009 101.861 -0.012
201612 -0.046 101.863 -0.060
201703 0.004 102.862 0.005
201706 -0.013 103.349 -0.017
201709 0.001 104.136 0.001
201712 0.005 104.011 0.006
201803 0.003 105.290 0.004
201806 0.020 106.317 0.025
201809 0.007 106.507 0.009
201812 0.012 105.998 0.015
201903 0.013 107.251 0.016
201906 0.011 108.070 0.013
201909 0.011 108.329 0.013
201912 0.012 108.420 0.015
202003 0.012 108.902 0.015
202006 0.004 108.767 0.005
202009 0.002 109.815 0.002
202012 0.009 109.897 0.011
202103 0.010 111.754 0.012
202106 0.023 114.631 0.026
202109 0.020 115.734 0.023
202112 0.046 117.630 0.052
202203 0.048 121.301 0.052
202206 0.069 125.017 0.073
202209 0.069 125.227 0.073
202212 -0.021 125.222 -0.022
202303 0.023 127.348 0.024
202306 0.031 128.729 0.032
202309 0.043 129.860 0.044
202312 -0.008 129.419 -0.008
202403 0.037 131.776 0.037

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


Tong Hua Holdings PCL  (BKK:TH) 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.

Tong Hua Holdings PCL's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.84/0.04
=21.00

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Tong Hua Holdings PCL was 430.00. The lowest was 21.74. And the median was 95.42.


Be Aware

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


Tong Hua Holdings PCL E10 Related Terms

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


Tong Hua Holdings PCL (BKK:TH) Business Description

Traded in Other Exchanges
N/A
Address
877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100
Tong Hua Holdings PCL operates as an investment company. It is organized into business segments namely Producing and Distributing Newspaper, Publishing, and Providing Printing Service; Space rental for product and service business; Investment Business; and Providing Short-Term Funds in Forms of Factoring, Loans and Asset management.