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Panasonic Holdings (BUE:PCRFY) E10 : ARS0.33 (As of Mar. 2024)


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What is Panasonic 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.

Panasonic Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS215.829. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS0.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Panasonic Holdings's average E10 Growth Rate was 17.10% 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 Panasonic Holdings was 60.00% per year. The lowest was -90.80% per year. And the median was -12.15% per year.

As of today (2024-06-06), Panasonic Holdings's current stock price is ARS4.44. Panasonic Holdings's E10 for the quarter that ended in Mar. 2024 was ARS0.33. Panasonic Holdings's Shiller PE Ratio of today is 13.45.

During the past 13 years, the highest Shiller PE Ratio of Panasonic Holdings was 1105.00. The lowest was 12.24. And the median was 17.46.


Panasonic Holdings E10 Historical Data

The historical data trend for Panasonic 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.

Panasonic Holdings E10 Chart

Panasonic 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 -0.04 -0.01 0.16 0.35 0.33

Panasonic 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 0.35 0.24 0.26 0.32 0.33

Competitive Comparison of Panasonic Holdings's E10

For the Consumer Electronics subindustry, Panasonic 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.


Panasonic Holdings's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Panasonic 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, Panasonic Holdings'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)
=215.829/107.2000*107.2000
=215.829

Current CPI (Mar. 2024) = 107.2000.

Panasonic Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 2.612 98.000 2.857
201409 2.915 98.500 3.172
201412 3.688 97.900 4.038
201503 2.476 97.900 2.711
201506 3.782 98.400 4.120
201509 3.501 98.500 3.810
201512 4.482 98.100 4.898
201603 0.548 97.900 0.600
201606 3.336 98.100 3.645
201609 13.166 98.000 14.402
201612 7.533 98.400 8.207
201703 -5.666 98.100 -6.192
201706 6.214 98.500 6.763
201709 9.510 98.800 10.319
201712 11.764 99.400 12.687
201803 5.852 99.200 6.324
201806 11.139 99.200 12.037
201809 15.823 99.900 16.979
201812 17.307 99.700 18.609
201903 33.285 99.700 35.789
201906 17.637 99.800 18.945
201909 22.789 100.100 24.405
201912 36.258 100.500 38.675
202003 23.486 100.300 25.102
202006 -5.358 99.900 -5.750
202009 35.352 99.900 37.935
202012 54.601 99.300 58.945
202103 24.812 99.900 26.625
202106 56.421 99.500 60.787
202109 58.174 100.100 62.300
202112 32.364 100.100 34.660
202203 46.307 101.100 49.101
202206 37.672 101.800 39.670
202209 48.507 103.100 50.436
202212 59.100 104.100 60.860
202303 129.942 104.400 133.427
202306 292.228 105.200 297.784
202309 177.289 106.200 178.958
202312 237.940 106.800 238.831
202403 215.829 107.200 215.829

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


Panasonic Holdings  (BUE:PCRFY) 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.

Panasonic Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.44/0.33
=13.45

* 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 Panasonic Holdings was 1105.00. The lowest was 12.24. And the median was 17.46.


Be Aware

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


Panasonic Holdings E10 Related Terms

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


Panasonic Holdings (BUE:PCRFY) Business Description

Address
1006, Oaza Kadoma, Kadoma-shi, Osaka, JPN, 571-8501
Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.