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Hankyu Hanshin Holdings (FRA:HKY) E10 : €1.26 (As of Dec. 2023)


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What is Hankyu Hanshin 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.

Hankyu Hanshin Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.474. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.26 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hankyu Hanshin 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 Hankyu Hanshin Holdings was 0.90% per year. The lowest was -3.30% per year. And the median was -1.70% per year.

As of today (2024-06-10), Hankyu Hanshin Holdings's current stock price is €23.80. Hankyu Hanshin Holdings's E10 for the quarter that ended in Dec. 2023 was €1.26. Hankyu Hanshin Holdings's Shiller PE Ratio of today is 18.89.

During the past 13 years, the highest Shiller PE Ratio of Hankyu Hanshin Holdings was 27.46. The lowest was 3.13. And the median was 19.72.


Hankyu Hanshin Holdings E10 Historical Data

The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin Holdings E10 Chart

Hankyu Hanshin 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 1.77 1.45 1.36 1.32 -

Hankyu Hanshin 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 1.32 1.23 1.23 1.26 -

Competitive Comparison of Hankyu Hanshin Holdings's E10

For the Conglomerates subindustry, Hankyu Hanshin 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.


Hankyu Hanshin Holdings's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hankyu Hanshin Holdings's Shiller PE Ratio distribution charts can be found below:

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



Hankyu Hanshin 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, Hankyu Hanshin 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)
=0.474/106.8000*106.8000
=0.474

Current CPI (Dec. 2023) = 106.8000.

Hankyu Hanshin Holdings Quarterly Data

per share eps CPI Adj_EPS
201403 -0.111 95.700 -0.124
201406 0.478 98.000 0.521
201409 0.350 98.500 0.379
201412 0.512 97.900 0.559
201503 0.190 97.900 0.207
201506 2.647 98.400 2.873
201509 -1.718 98.500 -1.863
201512 0.445 98.100 0.484
201603 0.656 97.900 0.716
201606 0.667 98.100 0.726
201609 0.657 98.000 0.716
201612 0.614 98.400 0.666
201703 0.461 98.100 0.502
201706 0.748 98.500 0.811
201709 0.564 98.800 0.610
201712 0.475 99.400 0.510
201803 0.280 99.200 0.301
201806 0.605 99.200 0.651
201809 0.455 99.900 0.486
201812 0.793 99.700 0.849
201903 0.219 99.700 0.235
201906 0.716 99.800 0.766
201909 0.911 100.100 0.972
201912 0.387 100.500 0.411
202003 -0.143 100.300 -0.152
202006 -0.644 99.900 -0.688
202009 -0.136 99.900 -0.145
202012 0.200 99.300 0.215
202103 -0.636 99.900 -0.680
202106 0.100 99.500 0.107
202109 0.085 100.100 0.091
202112 0.418 100.100 0.446
202203 0.082 101.100 0.087
202206 0.493 101.800 0.517
202209 0.416 103.100 0.431
202212 0.581 104.100 0.596
202303 -0.119 104.400 -0.122
202306 0.681 105.200 0.691
202309 0.521 106.200 0.524
202312 0.474 106.800 0.474

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


Hankyu Hanshin Holdings  (FRA:HKY) 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.

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

Shiller PE Ratio=Share Price/E10
=23.80/1.26
=18.89

* 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 Hankyu Hanshin Holdings was 27.46. The lowest was 3.13. And the median was 19.72.


Be Aware

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


Hankyu Hanshin Holdings E10 Related Terms

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


Hankyu Hanshin Holdings (FRA:HKY) Business Description

Traded in Other Exchanges
Address
1-16-1, Shibata Kita-ku, Osaka, JPN, 530-0012
Hankyu Hanshin Holdings Inc conducts business in real estate, urban transportation, real estate, entertainment and communications, travel, international transportation, and hotels. Urban transportation is the leading revenue generator for Hankyu, and consists of Hankyu Corporation and Hanshin Electric Railway. Through these businesses, the company provides transportation services through a network that includes railways, buses, and taxis. The real estate business also brings in a significant portion of revenue and almost moves in lock step with the public transportation segment. Through this business, the company develops commercial facilities, residential properties, office buildings, and offers leasing and management administration.

Hankyu Hanshin Holdings (FRA:HKY) Headlines

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