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Sharp (FRA:SRP) E10 : €-2.09 (As of Mar. 2024)


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What is Sharp 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.

Sharp's adjusted earnings per share data for the three months ended in Mar. 2024 was €-1.438. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-2.09 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 32.90% per year. During the past 5 years, the average E10 Growth Rate was 25.30% 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 Sharp was 35.20% per year. The lowest was 1.50% per year. And the median was 7.25% per year.

As of today (2024-06-08), Sharp's current stock price is €5.40. Sharp's E10 for the quarter that ended in Mar. 2024 was €-2.09. Sharp's Shiller PE Ratio of today is .


Sharp E10 Historical Data

The historical data trend for Sharp'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.

Sharp E10 Chart

Sharp 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 -9.66 -8.76 -5.74 -2.13 -2.09

Sharp 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 -2.13 -1.86 -1.94 -2.05 -2.09

Competitive Comparison of Sharp's E10

For the Consumer Electronics subindustry, Sharp'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.


Sharp's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Sharp 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, Sharp'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)
=-1.438/107.2000*107.2000
=-1.438

Current CPI (Mar. 2024) = 107.2000.

Sharp Quarterly Data

per share eps CPI Adj_EPS
201406 -0.076 98.000 -0.083
201409 0.279 98.500 0.304
201412 -0.478 97.900 -0.523
201503 -9.768 97.900 -10.696
201506 -1.448 98.400 -1.577
201509 -2.257 98.500 -2.456
201512 -1.185 98.100 -1.295
201603 -7.029 97.900 -7.697
201606 -1.460 98.100 -1.595
201609 -0.316 98.000 -0.346
201612 0.070 98.400 0.076
201703 0.271 98.100 0.296
201706 0.142 98.500 0.155
201709 0.234 98.800 0.254
201712 0.236 99.400 0.255
201803 0.169 99.200 0.183
201806 0.181 99.200 0.196
201809 0.263 99.900 0.282
201812 0.275 99.700 0.296
201903 0.136 99.700 0.146
201906 0.162 99.800 0.174
201909 0.197 100.100 0.211
201912 0.243 100.500 0.259
202003 -0.446 100.300 -0.477
202006 0.111 99.900 0.119
202009 0.205 99.900 0.220
202012 0.225 99.300 0.243
202103 0.153 99.900 0.164
202106 0.267 99.500 0.288
202109 0.263 100.100 0.282
202112 0.361 100.100 0.387
202203 0.040 101.100 0.042
202206 0.306 101.800 0.322
202209 -0.201 103.100 -0.209
202212 -0.203 104.100 -0.209
202303 -2.748 104.400 -2.822
202306 0.055 105.200 0.056
202309 -0.005 106.200 -0.005
202312 -0.029 106.800 -0.029
202403 -1.438 107.200 -1.438

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


Sharp  (FRA:SRP) 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.


Be Aware

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


Sharp E10 Related Terms

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


Sharp (FRA:SRP) Business Description

Traded in Other Exchanges
Address
1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, JPN, 590-8522
Sharp Corp is a Japan-based company that is principally engaged in producing and selling a broad range of consumer and industrial electronic products. The company's business segments consist of the consumer electronics segment, the energy solutions segment, the business solutions segment, the electronic components and devices segment, and the display devices segment. The company generates over half of its revenue from the consumer electronics segment and the display devices segment. It has a global business presence, with China, Japan, the Americas, and Europe its four largest markets.

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