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Keyence (WBO:KEE) Shiller PE Ratio : 64.61 (As of May. 29, 2024)


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What is Keyence Shiller PE Ratio?

As of today (2024-05-29), Keyence's current share price is €365.70. Keyence's E10 for the quarter that ended in Dec. 2023 was €5.66. Keyence's Shiller PE Ratio for today is 64.61.

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

WBO:KEE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 45.43   Med: 71.74   Max: 118.3
Current: 74.65

During the past years, Keyence's highest Shiller PE Ratio was 118.30. The lowest was 45.43. And the median was 71.74.

WBO:KEE's Shiller PE Ratio is ranked worse than
87.49% of 1383 companies
in the Hardware industry
Industry Median: 24.34 vs WBO:KEE: 74.65

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.

Keyence's adjusted earnings per share data for the three months ended in Dec. 2023 was €2.295. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €5.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keyence Shiller PE Ratio Historical Data

The historical data trend for Keyence'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.

Keyence Shiller PE Ratio Chart

Keyence Annual Data
Trend Mar12 Mar14 Mar15 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.21 82.92 80.17 75.12 -

Keyence 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 75.12 76.12 59.84 64.61 -

Competitive Comparison of Keyence's Shiller PE Ratio

For the Scientific & Technical Instruments subindustry, Keyence'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.


Keyence's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Keyence's Shiller PE Ratio distribution charts can be found below:

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



Keyence 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.

Keyence's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=365.70/5.66
=64.61

* 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.

Keyence's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Keyence'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)
=2.295/106.8000*106.8000
=2.295

Current CPI (Dec. 2023) = 106.8000.

Keyence Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.672 95.700 0.750
201406 0.719 98.000 0.784
201409 0.943 98.500 1.022
201412 0.863 97.900 0.941
201503 1.089 97.900 1.188
201506 0.936 98.400 1.016
201509 1.085 98.500 1.176
201512 1.093 98.100 1.190
201603 1.148 97.900 1.252
201606 1.131 98.100 1.231
201609 1.350 98.000 1.471
201612 1.302 98.400 1.413
201703 1.524 98.100 1.659
201706 1.570 98.500 1.702
201709 1.659 98.800 1.793
201712 1.598 99.400 1.717
201803 1.836 99.200 1.977
201806 1.784 99.200 1.921
201809 1.831 99.900 1.957
201812 1.810 99.700 1.939
201903 1.852 99.700 1.984
201906 1.569 99.800 1.679
201909 1.815 100.100 1.936
201912 1.674 100.500 1.779
202003 1.744 100.300 1.857
202006 1.243 99.900 1.329
202009 1.585 99.900 1.694
202012 1.569 99.300 1.688
202103 2.069 99.900 2.212
202106 2.100 99.500 2.254
202109 2.361 100.100 2.519
202112 2.456 100.100 2.620
202203 2.682 101.100 2.833
202206 2.318 101.800 2.432
202209 2.936 103.100 3.041
202212 2.521 104.100 2.586
202303 2.735 104.400 2.798
202306 2.292 105.200 2.327
202309 2.454 106.200 2.468
202312 2.295 106.800 2.295

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.


Keyence  (WBO:KEE) 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.


Keyence Shiller PE Ratio Related Terms

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


Keyence (WBO:KEE) Business Description

Traded in Other Exchanges
Address
1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, JPN, 533-8555
Keyence develops and sells factory automation sensors, machine vision systems, barcode readers, programmable logic controllers, laser markers, measuring instruments, and digital microscopes. The company has a fabless business model where manufacturing of its products is outsourced to qualified contract manufacturing companies, while it focuses on product planning and development. It serves customers in automotive, metals/machining, semiconductor/electronics, food, pharmaceutical, and other industries. Keyence was founded in 1972 and is headquartered in Osaka, Japan.

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