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Orient Securities Co (FRA:OS9) E10 : €0.02 (As of Mar. 2024)


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What is Orient Securities Co 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.

Orient Securities Co's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.013. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Orient Securities Co's average E10 Growth Rate was -3.30% 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 (2024-06-07), Orient Securities Co's current stock price is €0.332. Orient Securities Co's E10 for the quarter that ended in Mar. 2024 was €0.02. Orient Securities Co's Shiller PE Ratio of today is 16.60.

During the past 13 years, the highest Shiller PE Ratio of Orient Securities Co was 21.93. The lowest was 9.24. And the median was 15.11.


Orient Securities Co E10 Historical Data

The historical data trend for Orient Securities Co'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.

Orient Securities Co E10 Chart

Orient Securities Co 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 - - 0.03 0.03 0.02

Orient Securities Co 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 0.03 0.02 0.02

Competitive Comparison of Orient Securities Co's E10

For the Capital Markets subindustry, Orient Securities Co'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.


Orient Securities Co's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Orient Securities Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Orient Securities Co's Shiller PE Ratio falls into.



Orient Securities Co 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, Orient Securities Co'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)
=0.013/115.2271*115.2271
=0.013

Current CPI (Mar. 2024) = 115.2271.

Orient Securities Co Quarterly Data

per share eps CPI Adj_EPS
201406 0.016 98.200 0.019
201409 0.017 98.900 0.020
201412 0.028 99.000 0.033
201503 0.065 99.900 0.075
201506 0.110 99.500 0.127
201509 0.001 100.500 0.001
201512 0.038 100.600 0.044
201603 0.011 102.200 0.012
201606 0.021 101.400 0.024
201609 0.013 102.400 0.015
201612 0.009 102.600 0.010
201703 0.019 103.200 0.021
201706 0.018 103.100 0.020
201709 0.018 104.100 0.020
201712 0.017 104.500 0.019
201803 0.008 105.300 0.009
201806 0.005 104.900 0.005
201809 0.004 106.600 0.004
201812 0.006 106.500 0.006
201903 0.023 107.700 0.025
201906 -0.001 107.700 -0.001
201909 0.010 109.800 0.010
201912 0.013 111.200 0.013
202003 0.015 112.300 0.015
202006 0.012 110.400 0.013
202009 0.026 111.700 0.027
202012 -0.006 111.500 -0.006
202103 0.020 112.662 0.020
202106 0.026 111.769 0.027
202109 0.029 112.215 0.030
202112 0.019 113.108 0.019
202203 0.003 114.335 0.003
202206 0.007 114.558 0.007
202209 0.023 115.339 0.023
202212 0.015 115.116 0.015
202303 0.022 115.116 0.022
202306 0.006 114.558 0.006
202309 0.014 115.339 0.014
202312 -0.003 114.781 -0.003
202403 0.013 115.227 0.013

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


Orient Securities Co  (FRA:OS9) 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.

Orient Securities Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.332/0.02
=16.60

* 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 Orient Securities Co was 21.93. The lowest was 9.24. And the median was 15.11.


Be Aware

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


Orient Securities Co E10 Related Terms

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


Orient Securities Co (FRA:OS9) Business Description

Traded in Other Exchanges
Address
No. 119 South Zhongshan Road, Orient Securities Building, Huangpu District, Shanghai, CHN, 200010
Orient Securities Co Ltd is engaged in sales and trading of securities including investment and trading, fixed income investment and trading, financial derivatives trading business, NEEQ market-making business, alternative investment, and securities research services. It engages in alternative investment business through Orient Securities Innovation Investment. The company's segments include Securities Sales and Trading, Investment Management, Brokerage and Securities Financing, Investment Banking, and Headquarters and Others. The majority of the revenue is earned from the Brokerage and Securities Financing segment.

Orient Securities Co (FRA:OS9) Headlines

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