GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Telecom Corp Ltd (HKSE:00728) » Definitions » Shiller PE Ratio

China Telecom (HKSE:00728) Shiller PE Ratio : 12.73 (As of May. 03, 2024)


View and export this data going back to 2002. Start your Free Trial

What is China Telecom Shiller PE Ratio?

As of today (2024-05-03), China Telecom's current share price is HK$4.20. China Telecom's E10 for the quarter that ended in Mar. 2024 was HK$0.33. China Telecom's Shiller PE Ratio for today is 12.73.

The historical rank and industry rank for China Telecom's Shiller PE Ratio or its related term are showing as below:

HKSE:00728' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.52   Med: 11.96   Max: 18.12
Current: 12.73

During the past years, China Telecom's highest Shiller PE Ratio was 18.12. The lowest was 6.52. And the median was 11.96.

HKSE:00728's Shiller PE Ratio is ranked better than
58.99% of 217 companies
in the Telecommunication Services industry
Industry Median: 14.33 vs HKSE:00728: 12.73

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

China Telecom's adjusted earnings per share data for the three months ended in Mar. 2024 was HK$0.098. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$0.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Telecom Shiller PE Ratio Historical Data

The historical data trend for China Telecom's Shiller PE Ratio 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.

China Telecom Shiller PE Ratio Chart

China Telecom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.84 7.16 8.30 9.41 11.37

China Telecom Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 12.71 11.35 11.78 11.37 12.74

Competitive Comparison of China Telecom's Shiller PE Ratio

For the Telecom Services subindustry, China Telecom'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.


China Telecom's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Shiller PE Ratio distribution charts can be found below:

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



China Telecom Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

China Telecom's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=4.20/0.33
=12.73

* 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.

China Telecom's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, China Telecom'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)
=0.098/114.6694*114.6694
=0.098

Current CPI (Mar. 2024) = 114.6694.

China Telecom Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.091 98.200 0.106
201409 0.074 98.900 0.086
201412 0.023 99.000 0.027
201503 0.078 99.900 0.090
201506 0.092 99.500 0.106
201509 0.081 100.500 0.092
201512 0.055 100.600 0.063
201603 0.075 102.200 0.084
201606 0.095 101.400 0.107
201609 0.084 102.400 0.094
201612 0.007 102.600 0.008
201703 0.074 103.200 0.082
201706 0.102 103.100 0.113
201709 0.088 104.100 0.097
201712 0.001 104.500 0.001
201803 0.087 105.300 0.095
201806 0.118 104.900 0.129
201809 0.077 106.600 0.083
201812 0.031 106.500 0.033
201903 0.086 107.700 0.092
201906 0.111 107.700 0.118
201909 0.061 109.800 0.064
201912 0.029 111.200 0.030
202003 0.080 112.300 0.082
202006 0.110 110.400 0.114
202009 0.067 111.700 0.069
202012 0.031 111.500 0.032
202103 0.095 112.662 0.097
202106 0.169 111.769 0.173
202109 0.072 112.215 0.074
202112 0.035 113.108 0.035
202203 0.099 114.335 0.099
202206 0.141 114.558 0.141
202209 0.078 115.339 0.078
202212 0.034 115.116 0.034
202303 0.103 115.116 0.103
202306 0.142 114.558 0.142
202309 0.086 115.339 0.086
202312 0.033 114.669 0.033
202403 0.098 114.669 0.098

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


China Telecom  (HKSE:00728) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


China Telecom Shiller PE Ratio Related Terms

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


China Telecom (HKSE:00728) Business Description

Traded in Other Exchanges
Address
31 Jinrong Street, Xicheng District, Beijing, CHN, 100033
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.

China Telecom (HKSE:00728) Headlines

No Headlines