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Azbil (FRA:YMK) E10 : €0.81 (As of Dec. 2023)


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What is Azbil 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.

Azbil's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.81 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Azbil'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 Azbil was 11.60% per year. The lowest was 4.00% per year. And the median was 11.60% per year.

As of today (2024-06-09), Azbil's current stock price is €24.60. Azbil's E10 for the quarter that ended in Dec. 2023 was €0.81. Azbil's Shiller PE Ratio of today is 30.37.

During the past 13 years, the highest Shiller PE Ratio of Azbil was 67.52. The lowest was 27.30. And the median was 36.87.


Azbil E10 Historical Data

The historical data trend for Azbil'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.

Azbil E10 Chart

Azbil 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 0.68 0.68 0.77 0.77 -

Azbil 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 0.77 0.74 0.77 0.81 -

Competitive Comparison of Azbil's E10

For the Specialty Industrial Machinery subindustry, Azbil'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.


Azbil's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Azbil's Shiller PE Ratio distribution charts can be found below:

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



Azbil 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, Azbil'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)
=0.35/106.8000*106.8000
=0.350

Current CPI (Dec. 2023) = 106.8000.

Azbil Quarterly Data

per share eps CPI Adj_EPS
201403 0.241 95.700 0.269
201406 -0.062 98.000 -0.068
201409 0.168 98.500 0.182
201412 0.086 97.900 0.094
201503 0.163 97.900 0.178
201506 -0.067 98.400 -0.073
201509 0.156 98.500 0.169
201512 0.088 98.100 0.096
201603 0.261 97.900 0.285
201606 -0.004 98.100 -0.004
201609 0.142 98.000 0.155
201612 0.242 98.400 0.263
201703 0.367 98.100 0.400
201706 0.065 98.500 0.070
201709 0.213 98.800 0.230
201712 0.208 99.400 0.223
201803 0.446 99.200 0.480
201806 0.082 99.200 0.088
201809 0.229 99.900 0.245
201812 0.296 99.700 0.317
201903 0.428 99.700 0.458
201906 0.085 99.800 0.091
201909 0.267 100.100 0.285
201912 0.296 100.500 0.315
202003 0.526 100.300 0.560
202006 0.125 99.900 0.134
202009 0.229 99.900 0.245
202012 0.318 99.300 0.342
202103 0.455 99.900 0.486
202106 0.110 99.500 0.118
202109 0.273 100.100 0.291
202112 0.286 100.100 0.305
202203 0.490 101.100 0.518
202206 0.107 101.800 0.112
202209 0.205 103.100 0.212
202212 0.230 104.100 0.236
202303 0.617 104.400 0.631
202306 0.182 105.200 0.185
202309 0.393 106.200 0.395
202312 0.350 106.800 0.350

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


Azbil  (FRA:YMK) 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.

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

Shiller PE Ratio=Share Price/E10
=24.60/0.81
=30.37

* 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 Azbil was 67.52. The lowest was 27.30. And the median was 36.87.


Be Aware

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


Azbil E10 Related Terms

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


Azbil (FRA:YMK) Business Description

Traded in Other Exchanges
Address
2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6419
Azbil Corp is a Japan-based company that primarily operates through three segments. The building automation segment designs and manufactures building automation products, which include application software, controllers, valves, sensors, and others. This segment also provides engineering, maintenance, energy-saving, and facility management services. The advanced automation segment provides products, solutions, and engineering and maintenance services to help plants improve efficiency. The life automation segment is involved in utilities serviced, pharmaceutical and medical fields, life sciences research, and others. The company generates the majority of its revenue from the Japanese domestic market.

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