GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MS&AD Insurance Group Holdings Inc (TSE:8725) » Definitions » E10

MS&AD Insurance Group Holdings (TSE:8725) E10 : 円111.44 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is MS&AD Insurance Group 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.

MS&AD Insurance Group Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was 円121.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円111.44 for the trailing ten years ended in Dec. 2023.

During the past 12 months, MS&AD Insurance Group Holdings's average E10 Growth Rate was -100.00% 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 MS&AD Insurance Group Holdings was 20.70% per year. The lowest was -12.60% per year. And the median was 4.90% per year.

As of today (2024-06-07), MS&AD Insurance Group Holdings's current stock price is 円3151.00. MS&AD Insurance Group Holdings's E10 for the quarter that ended in Dec. 2023 was 円111.44. MS&AD Insurance Group Holdings's Shiller PE Ratio of today is 28.28.

During the past 13 years, the highest Shiller PE Ratio of MS&AD Insurance Group Holdings was 29.44. The lowest was 10.92. And the median was 16.32.


MS&AD Insurance Group Holdings E10 Historical Data

The historical data trend for MS&AD Insurance Group 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.

MS&AD Insurance Group Holdings E10 Chart

MS&AD Insurance Group Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.42 66.45 92.98 101.00 -

MS&AD Insurance Group Holdings 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 101.00 103.78 101.70 111.44 -

Competitive Comparison of MS&AD Insurance Group Holdings's E10

For the Insurance - Property & Casualty subindustry, MS&AD Insurance Group 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.


MS&AD Insurance Group Holdings's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MS&AD Insurance Group Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where MS&AD Insurance Group Holdings's Shiller PE Ratio falls into.



MS&AD Insurance Group 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, MS&AD Insurance Group Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=121.73/106.8000*106.8000
=121.730

Current CPI (Dec. 2023) = 106.8000.

MS&AD Insurance Group Holdings Quarterly Data

per share eps CPI Adj_EPS
201403 -35.562 95.700 -39.687
201406 34.847 98.000 37.976
201409 24.306 98.500 26.354
201412 52.607 97.900 57.389
201503 -38.344 97.900 -41.830
201506 53.093 98.400 57.625
201509 -6.186 98.500 -6.707
201512 46.470 98.100 50.591
201603 5.944 97.900 6.484
201606 21.047 98.100 22.914
201609 33.487 98.000 36.494
201612 61.717 98.400 66.986
201703 0.720 98.100 0.784
201706 51.600 98.500 55.948
201709 -8.973 98.800 -9.700
201712 12.293 99.400 13.208
201803 31.740 99.200 34.172
201806 47.230 99.200 50.848
201809 -21.027 99.900 -22.479
201812 73.173 99.700 78.384
201903 10.153 99.700 10.876
201906 54.860 99.800 58.708
201909 39.107 100.100 41.725
201912 61.637 100.500 65.501
202003 -72.897 100.300 -77.621
202006 56.727 99.900 60.645
202009 0.130 99.900 0.139
202012 31.527 99.300 33.908
202103 -3.170 99.900 -3.389
202106 70.917 99.500 76.120
202109 3.803 100.100 4.058
202112 47.997 100.100 51.210
202203 35.390 101.100 37.385
202206 47.623 101.800 49.962
202209 -49.473 103.100 -51.248
202212 86.473 104.100 88.716
202303 14.167 104.400 14.493
202306 69.670 105.200 70.730
202309 -14.923 106.200 -15.007
202312 121.730 106.800 121.730

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


MS&AD Insurance Group Holdings  (TSE:8725) 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.

MS&AD Insurance Group Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3151.00/111.44
=28.28

* 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 MS&AD Insurance Group Holdings was 29.44. The lowest was 10.92. And the median was 16.32.


Be Aware

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


MS&AD Insurance Group Holdings E10 Related Terms

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


MS&AD Insurance Group Holdings (TSE:8725) Business Description

Traded in Other Exchanges
Address
Yaesu First Financial Building, Yaesu 1-3-7, Chuo-ku, Tokyo, JPN, 103-0028
MS&AD is Japan's second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the U.S. market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd's syndicate Amlin in 2017 has increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the 'MS' in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.

MS&AD Insurance Group Holdings (TSE:8725) Headlines

No Headlines