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Tungkong (SZSE:002117) E10 : ¥0.40 (As of Mar. 2024)


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What is Tungkong 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.

Tungkong's adjusted earnings per share data for the three months ended in Mar. 2024 was ¥0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.40 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 0.80% per year. During the past 5 years, the average E10 Growth Rate was 1.70% 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 Tungkong was 6.80% per year. The lowest was 0.80% per year. And the median was 3.70% per year.

As of today (2024-06-01), Tungkong's current stock price is ¥7.30. Tungkong's E10 for the quarter that ended in Mar. 2024 was ¥0.40. Tungkong's Shiller PE Ratio of today is 18.25.

During the past 13 years, the highest Shiller PE Ratio of Tungkong was 117.20. The lowest was 15.90. And the median was 28.81.


Tungkong E10 Historical Data

The historical data trend for Tungkong'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.

Tungkong E10 Chart

Tungkong 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 0.39 0.39 0.39 0.40 0.40

Tungkong 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 0.40 0.40 0.40 0.40 0.40

Competitive Comparison of Tungkong's E10

For the Specialty Business Services subindustry, Tungkong'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.


Tungkong's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tungkong's Shiller PE Ratio distribution charts can be found below:

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



Tungkong 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, Tungkong'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)
=0.08/115.2271*115.2271
=0.080

Current CPI (Mar. 2024) = 115.2271.

Tungkong Quarterly Data

per share eps CPI Adj_EPS
201406 0.073 98.200 0.086
201409 0.073 98.900 0.085
201412 0.087 99.000 0.101
201503 0.082 99.900 0.095
201506 0.087 99.500 0.101
201509 0.101 100.500 0.116
201512 0.123 100.600 0.141
201603 0.087 102.200 0.098
201606 0.091 101.400 0.103
201609 0.095 102.400 0.107
201612 0.129 102.600 0.145
201703 0.079 103.200 0.088
201706 0.104 103.100 0.116
201709 0.122 104.100 0.135
201712 0.121 104.500 0.133
201803 0.110 105.300 0.120
201806 0.132 104.900 0.145
201809 0.116 106.600 0.125
201812 0.112 106.500 0.121
201903 0.130 107.700 0.139
201906 0.131 107.700 0.140
201909 0.117 109.800 0.123
201912 0.112 111.200 0.116
202003 0.069 112.300 0.071
202006 0.067 110.400 0.070
202009 0.085 111.700 0.088
202012 0.079 111.500 0.082
202103 0.081 112.662 0.083
202106 0.084 111.769 0.087
202109 0.101 112.215 0.104
202112 0.076 113.108 0.077
202203 0.083 114.335 0.084
202206 0.060 114.558 0.060
202209 0.075 115.339 0.075
202212 0.028 115.116 0.028
202303 0.085 115.116 0.085
202306 0.077 114.558 0.077
202309 0.086 115.339 0.086
202312 0.052 114.781 0.052
202403 0.080 115.227 0.080

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


Tungkong  (SZSE:002117) 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.

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

Shiller PE Ratio=Share Price/E10
=7.30/0.4
=18.25

* 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 Tungkong was 117.20. The lowest was 15.90. And the median was 28.81.


Be Aware

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


Tungkong E10 Related Terms

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


Tungkong (SZSE:002117) Business Description

Traded in Other Exchanges
N/A
Address
No.23, Shanda Northern Road, Jinan, Shandong, CHN, 250100
Tungkong Inc is a China-based company engages in the manufactures and sale of business papers, commercial printing, and other papers products. The company's business scope covers ticket and security printing, label printing, data processing, smart card converting. Its products include Card, Data Service, among others.
Executives
Qi Li Guo Directors, executives
Zhang Li Supervisors
Zheng Li Executives
Liu Hong Executives
Wang Xiao Yan Supervisors
Ruan Yong Cheng Securities Affairs Representative
Zhu Zhen Executives
Li Bao Zheng Supervisors
Zheng Gang Independent director
Zhou Ping Director
Gu Wang Jiang Director
Shi Lin Director

Tungkong (SZSE:002117) Headlines

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