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P-Two Industries (ROCO:6158) E10 : NT$2.21 (As of Mar. 2024)


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What is P-Two Industries 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.

P-Two Industries's adjusted earnings per share data for the three months ended in Mar. 2024 was NT$-0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, P-Two Industries's average E10 Growth Rate was 176.30% per year. During the past 3 years, the average E10 Growth Rate was 28.30% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of P-Two Industries was 28.30% per year. The lowest was -19.30% per year. And the median was 4.50% per year.

As of today (2024-05-28), P-Two Industries's current stock price is NT$30.10. P-Two Industries's E10 for the quarter that ended in Mar. 2024 was NT$2.21. P-Two Industries's Shiller PE Ratio of today is 13.62.

During the past 13 years, the highest Shiller PE Ratio of P-Two Industries was 57.96. The lowest was 9.22. And the median was 31.05.


P-Two Industries E10 Historical Data

The historical data trend for P-Two Industries'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.

P-Two Industries E10 Chart

P-Two Industries 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 1.54 0.89 0.94 0.81 1.88

P-Two Industries 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 0.80 0.92 1.36 1.88 2.21

Competitive Comparison of P-Two Industries's E10

For the Electronic Components subindustry, P-Two Industries'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.


P-Two Industries's Shiller PE Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where P-Two Industries's Shiller PE Ratio falls into.



P-Two Industries 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, P-Two Industries'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)
=-0.07/131.7762*131.7762
=-0.070

Current CPI (Mar. 2024) = 131.7762.

P-Two Industries Quarterly Data

per share eps CPI Adj_EPS
201406 -0.600 100.560 -0.786
201409 -0.080 100.428 -0.105
201412 -0.900 99.070 -1.197
201503 -0.420 99.621 -0.556
201506 -1.120 100.684 -1.466
201509 0.820 100.392 1.076
201512 0.960 99.792 1.268
201603 0.400 100.470 0.525
201606 0.720 101.688 0.933
201609 0.860 101.861 1.113
201612 0.740 101.863 0.957
201703 0.300 102.862 0.384
201706 0.200 103.349 0.255
201709 0.820 104.136 1.038
201712 0.020 104.011 0.025
201803 3.980 105.290 4.981
201806 0.980 106.317 1.215
201809 1.580 106.507 1.955
201812 0.666 105.998 0.828
201903 0.120 107.251 0.147
201906 0.090 108.070 0.110
201909 0.220 108.329 0.268
201912 0.010 108.420 0.012
202003 -0.400 108.902 -0.484
202006 1.260 108.767 1.527
202009 1.200 109.815 1.440
202012 0.510 109.897 0.612
202103 0.620 111.754 0.731
202106 1.500 114.631 1.724
202109 0.730 115.734 0.831
202112 0.190 117.630 0.213
202203 0.500 121.301 0.543
202206 1.030 125.017 1.086
202209 0.030 125.227 0.032
202212 -0.400 125.222 -0.421
202303 -0.220 127.348 -0.228
202306 1.090 128.729 1.116
202309 0.620 129.860 0.629
202312 -0.110 129.419 -0.112
202403 -0.070 131.776 -0.070

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


P-Two Industries  (ROCO:6158) 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.

P-Two Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=30.10/2.21
=13.62

* 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 P-Two Industries was 57.96. The lowest was 9.22. And the median was 31.05.


Be Aware

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


P-Two Industries E10 Related Terms

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


P-Two Industries (ROCO:6158) Business Description

Traded in Other Exchanges
N/A
Address
No 9 Shin Hwa Road, Kwei Shan Ind Park, Taoyuan, TWN, 330
P-Two Industries Inc is engaged in the manufacture and sale of precision terminals and connectors in Taiwan and China. Its products include FPC connector, mobile phone connector, LVDS wire to board connector, memory card connector, flexible flat cable and metal dome.

P-Two Industries (ROCO:6158) Headlines

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