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Delta Electronics (LUX:DELEC) E10 : $1.70 (As of Mar. 2024)


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What is Delta Electronics 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.

Delta Electronics's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.349. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Delta Electronics's average E10 Growth Rate was 6.10% per year. During the past 3 years, the average E10 Growth Rate was 10.60% 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 Delta Electronics was 10.60% per year. The lowest was 9.60% per year. And the median was 10.10% per year.

As of today (2024-06-08), Delta Electronics's current stock price is $53.00. Delta Electronics's E10 for the quarter that ended in Mar. 2024 was $1.70. Delta Electronics's Shiller PE Ratio of today is 31.18.

During the past 13 years, the highest Shiller PE Ratio of Delta Electronics was 39.29. The lowest was 15.48. And the median was 28.35.


Delta Electronics E10 Historical Data

The historical data trend for Delta Electronics'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.

Delta Electronics E10 Chart

Delta Electronics 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 1.26 1.40 1.61 1.63 1.74

Delta Electronics 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 1.68 1.68 1.65 1.74 1.70

Competitive Comparison of Delta Electronics's E10

For the Electronic Components subindustry, Delta Electronics'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.


Delta Electronics's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Delta Electronics 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, Delta Electronics'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)
=0.349/131.7762*131.7762
=0.349

Current CPI (Mar. 2024) = 131.7762.

Delta Electronics Quarterly Data

per share eps CPI Adj_EPS
201406 0.357 100.560 0.468
201409 0.394 100.428 0.517
201412 0.328 99.070 0.436
201503 0.250 99.621 0.331
201506 0.249 100.684 0.326
201509 0.367 100.392 0.482
201512 0.316 99.792 0.417
201603 0.226 100.470 0.296
201606 0.255 101.688 0.330
201609 0.345 101.861 0.446
201612 0.294 101.863 0.380
201703 0.241 102.862 0.309
201706 0.269 103.349 0.343
201709 0.347 104.136 0.439
201712 0.302 104.011 0.383
201803 0.182 105.290 0.228
201806 0.209 106.317 0.259
201809 0.381 106.507 0.471
201812 0.375 105.998 0.466
201903 0.209 107.251 0.257
201906 0.585 108.070 0.713
201909 0.315 108.329 0.383
201912 0.321 108.420 0.390
202003 0.131 108.902 0.159
202006 0.492 108.767 0.596
202009 0.550 109.815 0.660
202012 0.505 109.897 0.606
202103 0.447 111.754 0.527
202106 0.526 114.631 0.605
202109 0.440 115.734 0.501
202112 0.431 117.630 0.483
202203 0.410 121.301 0.445
202206 0.495 125.017 0.522
202209 0.679 125.227 0.715
202212 0.494 125.222 0.520
202303 0.434 127.348 0.449
202306 0.507 128.729 0.519
202309 0.560 129.860 0.568
202312 0.549 129.419 0.559
202403 0.349 131.776 0.349

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


Delta Electronics  (LUX:DELEC) 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.

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

Shiller PE Ratio=Share Price/E10
=53.00/1.7
=31.18

* 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 Delta Electronics was 39.29. The lowest was 15.48. And the median was 28.35.


Be Aware

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


Delta Electronics E10 Related Terms

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


Delta Electronics (LUX:DELEC) Business Description

Traded in Other Exchanges
Address
No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491
Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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