GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » E10

ZTO Express (Cayman) (ZTO Express (Cayman)) E10 : $0.80 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is ZTO Express (Cayman) 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.

ZTO Express (Cayman)'s adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was $1.485. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.80 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-27), ZTO Express (Cayman)'s current stock price is $ 21.61. ZTO Express (Cayman)'s E10 for the fiscal year that ended in Dec. 2023 was $0.80. ZTO Express (Cayman)'s Shiller PE Ratio of today is 27.01.

During the past 10 years, the highest Shiller PE Ratio of ZTO Express (Cayman) was 27.26. The lowest was 20.10. And the median was 24.93.


ZTO Express (Cayman) E10 Historical Data

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) E10 Chart

ZTO Express (Cayman) 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 - - - - 0.80

ZTO Express (Cayman) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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

Competitive Comparison of ZTO Express (Cayman)'s E10

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.


ZTO Express (Cayman)'s Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Shiller PE Ratio falls into.



ZTO Express (Cayman) 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, ZTO Express (Cayman)'s adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.485/114.6694*114.6694
=1.485

Current CPI (Dec. 2023) = 114.6694.

ZTO Express (Cayman) Annual Data

per_share_eps CPI Adj_EPS
201412 0.084 99.000 0.097
201512 0.256 100.600 0.292
201612 0.421 102.600 0.471
201712 0.667 104.500 0.732
201812 0.845 106.500 0.910
201912 1.031 111.200 1.063
202012 0.829 111.500 0.853
202112 0.911 113.108 0.924
202212 1.199 115.116 1.194
202312 1.485 114.669 1.485

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


ZTO Express (Cayman)  (NYSE:ZTO) 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.

ZTO Express (Cayman)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.61/0.8
=27.01

* 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 10 years, the highest Shiller P/E Ratio of ZTO Express (Cayman) was 27.26. The lowest was 20.10. And the median was 24.93.


Be Aware

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


ZTO Express (Cayman) E10 Related Terms

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


ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Address
No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.