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Air China (WBO:AD2) E10 : €-0.01 (As of Mar. 2024)


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What is Air China 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.

Air China's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.014. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.01 for the trailing ten years ended in Mar. 2024.

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 Air China was 13.20% per year. The lowest was -34.30% per year. And the median was 4.10% per year.

As of today (2024-06-01), Air China's current stock price is €0.4911. Air China's E10 for the quarter that ended in Mar. 2024 was €-0.01. Air China's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air China was 555.00. The lowest was 10.97. And the median was 19.67.


Air China E10 Historical Data

The historical data trend for Air China'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.

Air China E10 Chart

Air China 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 0.06 0.03 0.01 -0.01 -0.02

Air China 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 -0.01 -0.02 -0.02 -0.02 -0.01

Competitive Comparison of Air China's E10

For the Airlines subindustry, Air China'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.


Air China's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Shiller PE Ratio distribution charts can be found below:

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



Air China 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, Air China'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)
=-0.014/117.7354*117.7354
=-0.014

Current CPI (Mar. 2024) = 117.7354.

Air China Quarterly Data

per share eps CPI Adj_EPS
201406 0.003 96.409 0.004
201409 0.028 97.948 0.034
201412 0.006 99.707 0.007
201503 0.021 99.927 0.025
201506 0.025 99.267 0.030
201509 0.027 99.927 0.032
201512 0.005 102.015 0.006
201603 0.028 102.785 0.032
201606 0.011 101.686 0.013
201609 0.041 102.565 0.047
201612 -0.005 103.225 -0.006
201703 0.015 103.335 0.017
201706 0.017 103.664 0.019
201709 0.047 103.994 0.053
201712 -0.010 104.984 -0.011
201803 0.024 105.973 0.027
201806 0.008 106.193 0.009
201809 0.033 106.852 0.036
201812 0.003 107.622 0.003
201903 0.026 108.172 0.028
201906 0.004 109.601 0.004
201909 0.033 110.260 0.035
201912 -0.003 110.700 -0.003
202003 -0.045 110.920 -0.048
202006 -0.043 110.590 -0.046
202009 -0.006 107.512 -0.007
202012 -0.039 109.711 -0.042
202103 -0.058 111.579 -0.061
202106 -0.005 111.360 -0.005
202109 -0.034 109.051 -0.037
202112 -0.064 112.349 -0.067
202203 -0.093 113.558 -0.096
202206 -0.107 113.448 -0.111
202209 -0.092 113.778 -0.095
202212 -0.103 114.548 -0.106
202303 -0.026 115.427 -0.027
202306 -0.004 115.647 -0.004
202309 0.034 116.087 0.034
202312 -0.015 117.296 -0.015
202403 -0.014 117.735 -0.014

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


Air China  (WBO:AD2) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air China was 555.00. The lowest was 10.97. And the median was 19.67.


Be Aware

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


Air China E10 Related Terms

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


Air China (WBO:AD2) Business Description

Address
30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312
Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.

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