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Toyota Motor (BSP:TMCO34) E10 : R$0.00 (As of Mar. 2024)


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What is Toyota Motor 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.

Toyota Motor's adjusted earnings per share data for the three months ended in Mar. 2024 was R$1.539. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Toyota Motor's average E10 Growth Rate was 15.80% per year. During the past 3 years, the average E10 Growth Rate was 13.20% per year. During the past 5 years, the average E10 Growth Rate was 14.60% per year. During the past 10 years, the average E10 Growth Rate was 11.70% 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 Toyota Motor was 24.50% per year. The lowest was -4.70% per year. And the median was 9.65% per year.

As of today (2024-05-09), Toyota Motor's current stock price is R$73.64. Toyota Motor's E10 for the quarter that ended in Mar. 2024 was R$0.00. Toyota Motor's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Toyota Motor was 26.73. The lowest was 11.33. And the median was 16.20.


Toyota Motor E10 Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor E10 Chart

Toyota Motor 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 3.11 3.88 3.43 3.76 -

Toyota Motor 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 3.76 3.43 3.66 3.79 -

Competitive Comparison of Toyota Motor's E10

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Shiller PE Ratio distribution charts can be found below:

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



Toyota Motor 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, Toyota Motor'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)
=1.539/107.2000*107.2000
=1.539

Current CPI (Mar. 2024) = 107.2000.

Toyota Motor Quarterly Data

per share eps CPI Adj_EPS
201406 0.508 98.000 0.556
201409 0.464 98.500 0.505
201412 0.525 97.900 0.575
201503 0.463 97.900 0.507
201506 0.645 98.400 0.703
201509 0.782 98.500 0.851
201512 0.796 98.100 0.870
201603 0.565 97.900 0.619
201606 0.728 98.100 0.796
201609 0.514 98.000 0.562
201612 0.577 98.400 0.629
201703 0.457 98.100 0.499
201706 0.753 98.500 0.820
201709 0.540 98.800 0.586
201712 1.149 99.400 1.239
201803 0.628 99.200 0.679
201806 0.952 99.200 1.029
201809 0.917 99.900 0.984
201812 0.268 99.700 0.288
201903 0.688 99.700 0.740
201906 0.964 99.800 1.035
201909 0.896 100.100 0.960
201912 0.934 100.500 0.996
202003 0.669 100.300 0.715
202006 0.343 99.900 0.368
202009 1.066 99.900 1.144
202012 1.835 99.300 1.981
202103 1.779 99.900 1.909
202106 1.833 99.500 1.975
202109 1.348 100.100 1.444
202112 1.775 100.100 1.901
202203 1.017 101.100 1.078
202206 1.263 101.800 1.330
202209 0.726 103.100 0.755
202212 1.298 104.100 1.337
202303 0.991 104.400 1.018
202306 2.076 105.200 2.115
202309 1.973 106.200 1.992
202312 2.140 106.800 2.148
202403 1.539 107.200 1.539

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


Toyota Motor  (BSP:TMCO34) 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 Toyota Motor was 26.73. The lowest was 11.33. And the median was 16.20.


Be Aware

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


Toyota Motor E10 Related Terms

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


Toyota Motor (BSP:TMCO34) Business Description

Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.

Toyota Motor (BSP:TMCO34) Headlines

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