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Hitachi Construction Machinery Co (TSE:6305) Shiller PE Ratio : 19.28 (As of May. 02, 2024)


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What is Hitachi Construction Machinery Co Shiller PE Ratio?

As of today (2024-05-02), Hitachi Construction Machinery Co's current share price is 円4431.00. Hitachi Construction Machinery Co's E10 for the quarter that ended in Mar. 2024 was 円229.77. Hitachi Construction Machinery Co's Shiller PE Ratio for today is 19.28.

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

TSE:6305' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.56   Med: 20.3   Max: 35.96
Current: 19

During the past years, Hitachi Construction Machinery Co's highest Shiller PE Ratio was 35.96. The lowest was 12.56. And the median was 20.30.

TSE:6305's Shiller PE Ratio is ranked better than
56.62% of 136 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 22.175 vs TSE:6305: 19.00

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.

Hitachi Construction Machinery Co's adjusted earnings per share data for the three months ended in Mar. 2024 was 円104.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is 円229.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi Construction Machinery Co Shiller PE Ratio Historical Data

The historical data trend for Hitachi Construction Machinery Co'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.

Hitachi Construction Machinery Co Shiller PE Ratio Chart

Hitachi Construction Machinery Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.84 24.24 18.54 15.45 19.77

Hitachi Construction Machinery Co 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 15.45 18.66 20.29 16.33 19.77

Competitive Comparison of Hitachi Construction Machinery Co's Shiller PE Ratio

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery Co'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.


Hitachi Construction Machinery Co's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's Shiller PE Ratio falls into.



Hitachi Construction Machinery Co 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.

Hitachi Construction Machinery Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=4431.00/229.77
=19.28

* 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.

Hitachi Construction Machinery Co's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Hitachi Construction Machinery Co'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)
=104.48/107.2000*107.2000
=104.480

Current CPI (Mar. 2024) = 107.2000.

Hitachi Construction Machinery Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 24.800 98.000 27.128
201409 37.480 98.500 40.790
201412 35.670 97.900 39.058
201503 24.470 97.900 26.795
201506 13.160 98.400 14.337
201509 19.040 98.500 20.722
201512 -32.360 98.100 -35.362
201603 41.580 97.900 45.530
201606 -7.520 98.100 -8.218
201609 18.170 98.000 19.876
201612 1.240 98.400 1.351
201703 25.830 98.100 28.226
201706 33.440 98.500 36.394
201709 75.770 98.800 82.212
201712 91.620 99.400 98.809
201803 81.330 99.200 87.889
201806 73.880 99.200 79.838
201809 68.340 99.900 73.334
201812 99.050 99.700 106.501
201903 81.040 99.700 87.136
201906 64.170 99.800 68.928
201909 54.310 100.100 58.162
201912 46.630 100.500 49.739
202003 28.500 100.300 30.461
202006 0.950 99.900 1.019
202009 0.040 99.900 0.043
202012 13.710 99.300 14.801
202103 33.920 99.900 36.399
202106 33.510 99.500 36.103
202109 116.440 100.100 124.699
202112 68.530 100.100 73.391
202203 138.080 101.100 146.411
202206 87.320 101.800 91.952
202209 80.470 103.100 83.670
202212 34.680 104.100 35.713
202303 127.530 104.400 130.950
202306 147.740 105.200 150.549
202309 122.630 106.200 123.785
202312 63.830 106.800 64.069
202403 104.480 107.200 104.480

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.


Hitachi Construction Machinery Co  (TSE:6305) 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.


Hitachi Construction Machinery Co Shiller PE Ratio Related Terms

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Hitachi Construction Machinery Co (TSE:6305) Business Description

Traded in Other Exchanges
Address
16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

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