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Masaru (TSE:1795) E10 : 円354.70 (As of Mar. 2024)


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What is Masaru 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.

Masaru's adjusted earnings per share data for the three months ended in Mar. 2024 was 円432.996. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円354.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Masaru's average E10 Growth Rate was 13.40% per year. During the past 3 years, the average E10 Growth Rate was 11.30% per year. During the past 5 years, the average E10 Growth Rate was 16.90% 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 Masaru was 23.90% per year. The lowest was 11.30% per year. And the median was 11.50% per year.

As of today (2024-06-08), Masaru's current stock price is 円3925.00. Masaru's E10 for the quarter that ended in Mar. 2024 was 円354.70. Masaru's Shiller PE Ratio of today is 11.07.

During the past 13 years, the highest Shiller PE Ratio of Masaru was 25.14. The lowest was 9.31. And the median was 12.68.


Masaru E10 Historical Data

The historical data trend for Masaru'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.

Masaru E10 Chart

Masaru Annual Data
Trend Mar14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 214.31 258.11 281.39 297.36 355.67

Masaru 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 312.92 315.40 355.67 352.89 354.70

Competitive Comparison of Masaru's E10

For the Engineering & Construction subindustry, Masaru'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.


Masaru's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masaru's Shiller PE Ratio distribution charts can be found below:

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



Masaru 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, Masaru'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)
=432.996/107.2000*107.2000
=432.996

Current CPI (Mar. 2024) = 107.2000.

Masaru Quarterly Data

per share eps CPI Adj_EPS
201406 -160.150 98.000 -175.184
201409 164.300 98.500 178.812
201412 -87.150 97.900 -95.429
201503 356.744 97.900 390.633
201506 -112.250 98.400 -122.289
201509 31.321 98.500 34.087
201512 -186.150 98.100 -203.418
201603 400.950 97.900 439.038
201606 -59.767 98.100 -65.311
201609 264.700 98.000 289.549
201612 -81.450 98.400 -88.734
201703 324.663 98.100 354.780
201706 -90.148 98.500 -98.110
201709 88.090 98.800 95.579
201712 -157.840 99.400 -170.226
201803 432.000 99.200 466.839
201806 -180.883 99.200 -195.470
201809 202.800 99.900 217.619
201812 -138.070 99.700 -148.456
201903 460.520 99.700 495.163
201906 -111.806 99.800 -120.096
201909 212.786 100.100 227.879
201912 -153.160 100.500 -163.371
202003 536.080 100.300 572.959
202006 -40.790 99.900 -43.771
202009 139.543 99.900 149.740
202012 -55.460 99.300 -59.872
202103 380.250 99.900 408.036
202106 -114.950 99.500 -123.846
202109 159.241 100.100 170.536
202112 -74.270 100.100 -79.538
202203 280.160 101.100 297.064
202206 -111.859 101.800 -117.793
202209 124.190 103.100 129.129
202212 -121.380 104.100 -124.995
202303 324.150 104.400 332.844
202306 -172.554 105.200 -175.834
202309 360.640 106.200 364.036
202312 -128.070 106.800 -128.550
202403 432.996 107.200 432.996

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


Masaru  (TSE:1795) 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.

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

Shiller PE Ratio=Share Price/E10
=3925.00/354.7
=11.07

* 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 Masaru was 25.14. The lowest was 9.31. And the median was 12.68.


Be Aware

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


Masaru E10 Related Terms

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


Masaru (TSE:1795) Business Description

Traded in Other Exchanges
N/A
Address
Sumitomo Real Estate Hamacho, 3rd floor, Building No. 42-3, Nihonbashi Hamacho, Chuo-ku, Tokyo, JPN, 103-0007
Masaru Corporation is engaged in the construction activities in Japan. The company is involved in the renewal of apartments and building. Further it is also involved in the sealing and waterproofing business.

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