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Aspeed Technology (ROCO:5274) E10 : NT$27.50 (As of Mar. 2024)


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What is Aspeed 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.

Aspeed Technology's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$10.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$27.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aspeed Technology's average E10 Growth Rate was 13.90% per year. During the past 3 years, the average E10 Growth Rate was 26.90% 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 Aspeed Technology was 26.90% per year. The lowest was 26.90% per year. And the median was 26.90% per year.

As of today (2024-05-28), Aspeed Technology's current stock price is NT$3830.00. Aspeed Technology's E10 for the quarter that ended in Mar. 2024 was NT$27.50. Aspeed Technology's Shiller PE Ratio of today is 139.27.

During the past 13 years, the highest Shiller PE Ratio of Aspeed Technology was 203.96. The lowest was 69.03. And the median was 116.20.


Aspeed Technology E10 Historical Data

The historical data trend for Aspeed 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.

Aspeed Technology E10 Chart

Aspeed 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 - 12.84 17.14 23.41 26.21

Aspeed 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 24.14 24.88 25.65 26.21 27.50

Competitive Comparison of Aspeed Technology's E10

For the Semiconductors subindustry, Aspeed 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.


Aspeed Technology's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Aspeed 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, Aspeed 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)
=10.34/131.7762*131.7762
=10.340

Current CPI (Mar. 2024) = 131.7762.

Aspeed Technology Quarterly Data

per share eps CPI Adj_EPS
201406 1.985 100.560 2.601
201409 2.091 100.428 2.744
201412 2.327 99.070 3.095
201503 2.318 99.621 3.066
201506 1.764 100.684 2.309
201509 3.355 100.392 4.404
201512 2.309 99.792 3.049
201603 2.555 100.470 3.351
201606 2.600 101.688 3.369
201609 3.345 101.861 4.327
201612 4.218 101.863 5.457
201703 2.755 102.862 3.529
201706 3.400 103.349 4.335
201709 4.182 104.136 5.292
201712 3.891 104.011 4.930
201803 3.491 105.290 4.369
201806 5.100 106.317 6.321
201809 5.182 106.507 6.411
201812 4.518 105.998 5.617
201903 4.918 107.251 6.043
201906 4.836 108.070 5.897
201909 6.182 108.329 7.520
201912 6.191 108.420 7.525
202003 5.782 108.902 6.997
202006 8.573 108.767 10.387
202009 6.182 109.815 7.418
202012 6.100 109.897 7.314
202103 6.527 111.754 7.696
202106 7.980 114.631 9.174
202109 9.100 115.734 10.361
202112 11.110 117.630 12.446
202203 13.610 121.301 14.785
202206 14.870 125.017 15.674
202209 15.770 125.227 16.595
202212 12.420 125.222 13.070
202303 4.920 127.348 5.091
202306 6.360 128.729 6.511
202309 7.150 129.860 7.256
202312 8.180 129.419 8.329
202403 10.340 131.776 10.340

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


Aspeed Technology  (ROCO:5274) 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.

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

Shiller PE Ratio=Share Price/E10
=3830.00/27.5
=139.27

* 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 Aspeed Technology was 203.96. The lowest was 69.03. And the median was 116.20.


Be Aware

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


Aspeed Technology E10 Related Terms

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


Aspeed Technology (ROCO:5274) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, Section 3, 4th Floor, No. 1, East District, Hsinchu, TWN
Aspeed Technology Inc. is an IC-design house in Server Management, PC/ AV extensions solution, Desktop Virtualization and security enhancement. The company is engaged in manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum revenue from Multimedia Integrated Circuits (ICs) segment.

Aspeed Technology (ROCO:5274) Headlines

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