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Tristate Holdings (HKSE:00458) E10 : HK$-0.05 (As of Jun. 2024)


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What is Tristate Holdings 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.

Tristate Holdings's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was HK$0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is HK$-0.05 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Tristate Holdings was 3.40% per year. The lowest was -37.90% per year. And the median was -16.90% per year.

As of today (2024-10-09), Tristate Holdings's current stock price is HK$ 2.51. Tristate Holdings's E10 for the fiscal year that ended in Dec. 2023 was HK$-0.05. Tristate Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Tristate Holdings was 20.00. The lowest was 3.69. And the median was 6.30.


Tristate Holdings E10 Historical Data

The historical data trend for Tristate Holdings'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.

Tristate Holdings E10 Chart

Tristate Holdings 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 0.22 0.06 -0.05 -0.09 -0.05

Tristate Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - -0.09 - -0.05 -

Competitive Comparison of Tristate Holdings's E10

For the Apparel Manufacturing subindustry, Tristate Holdings'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.


Tristate Holdings's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tristate Holdings's Shiller PE Ratio distribution charts can be found below:

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



Tristate Holdings 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, Tristate Holdings'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)
=0.63/117.2957*117.2957
=0.630

Current CPI (Dec. 2023) = 117.2957.

Tristate Holdings Annual Data

per_share_eps CPI Adj_EPS
201412 0.550 99.707 0.647
201512 -0.170 102.015 -0.195
201612 -0.310 103.225 -0.352
201712 -0.240 104.984 -0.268
201812 -0.300 107.622 -0.327
201912 -0.140 110.700 -0.148
202012 -0.620 109.711 -0.663
202112 0.080 112.349 0.084
202212 0.110 114.548 0.113
202312 0.630 117.296 0.630

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


Tristate Holdings  (HKSE:00458) 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 Tristate Holdings was 20.00. The lowest was 3.69. And the median was 6.30.


Be Aware

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


Tristate Holdings E10 Related Terms

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


Tristate Holdings Business Description

Traded in Other Exchanges
N/A
Address
66-72 Lei Muk Road, 5th Floor, Kwai Chung, New Territories, Hong Kong, HKG
Tristate Holdings Ltd is an investment holding company engaged in the apparel business. The company's segment comprises the Garment manufacturing and Brands business. Its garment manufacturing segment includes the manufacture of the garment. The Brands business segment is involved in the distribution, retail, and trading of branded products. It derives a majority of its revenue from the revenue of the People's Republic of China and also has a presence in the United Kingdom, Italy, the United States of America, and Canada. The company generates maximum revenue from the Garment manufacturing segment.
Executives
New Perfect Global Limited 2201 Interest of corporation controlled by you
Sun Lin 2202 Interest of your spouse
Wang Kin Chung, Peter 2202 Interest of your spouse
Silver Tree Holdings Inc. 2101 Beneficial owner
Ting Daisy 2202 Interest of your spouse

Tristate Holdings Headlines

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