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Pasona Group (TSE:2168) E10 : 円69.03 (As of Feb. 2024)


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What is Pasona Group 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.

Pasona Group's adjusted earnings per share data for the three months ended in Feb. 2024 was 円-22.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円69.03 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Pasona Group's average E10 Growth Rate was 4.00% per year. During the past 3 years, the average E10 Growth Rate was 66.20% per year. During the past 5 years, the average E10 Growth Rate was 51.70% 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 Pasona Group was 66.20% per year. The lowest was 47.20% per year. And the median was 56.60% per year.

As of today (2024-06-09), Pasona Group's current stock price is 円2172.00. Pasona Group's E10 for the quarter that ended in Feb. 2024 was 円69.03. Pasona Group's Shiller PE Ratio of today is 31.46.

During the past 13 years, the highest Shiller PE Ratio of Pasona Group was 216.53. The lowest was 19.19. And the median was 65.85.


Pasona Group E10 Historical Data

The historical data trend for Pasona Group'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.

Pasona Group E10 Chart

Pasona Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.11 15.22 31.21 54.21 69.83

Pasona Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 66.35 69.83 70.51 71.43 69.03

Competitive Comparison of Pasona Group's E10

For the Staffing & Employment Services subindustry, Pasona Group'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.


Pasona Group's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pasona Group's Shiller PE Ratio distribution charts can be found below:

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



Pasona Group 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, Pasona Group's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-22.95/106.9000*106.9000
=-22.950

Current CPI (Feb. 2024) = 106.9000.

Pasona Group Quarterly Data

per share eps CPI Adj_EPS
201405 13.720 98.100 14.951
201408 -6.860 98.300 -7.460
201411 2.660 97.900 2.905
201502 4.387 97.600 4.805
201505 5.610 98.700 6.076
201508 -8.790 98.400 -9.549
201511 -0.299 98.100 -0.326
201602 -3.240 97.800 -3.541
201605 18.915 98.200 20.591
201608 -14.660 97.900 -16.008
201611 -7.528 98.600 -8.162
201702 -2.680 98.100 -2.920
201705 21.328 98.600 23.123
201708 14.480 98.500 15.715
201711 -1.712 99.100 -1.847
201802 -7.499 99.500 -8.057
201805 27.975 99.300 30.116
201808 -0.190 99.800 -0.204
201811 16.314 100.000 17.440
201902 7.313 99.700 7.841
201905 27.048 100.000 28.914
201908 1.190 100.000 1.272
201911 8.846 100.500 9.409
202002 4.465 100.300 4.759
202005 0.665 100.100 0.710
202008 103.910 100.100 110.969
202011 5.440 99.500 5.845
202102 33.330 99.800 35.701
202105 30.680 99.400 32.995
202108 63.410 99.700 67.989
202111 59.220 100.100 63.243
202202 64.220 100.700 68.174
202205 33.340 101.800 35.010
202208 32.990 102.700 34.339
202211 36.670 103.900 37.729
202302 30.890 104.000 31.751
202305 54.670 105.100 55.606
202308 4.580 105.900 4.623
202311 -1.300 106.900 -1.300
202402 -22.950 106.900 -22.950

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


Pasona Group  (TSE:2168) 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.

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

Shiller PE Ratio=Share Price/E10
=2172.00/69.03
=31.46

* 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 Pasona Group was 216.53. The lowest was 19.19. And the median was 65.85.


Be Aware

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


Pasona Group E10 Related Terms

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


Pasona Group (TSE:2168) Business Description

Traded in Other Exchanges
Address
Otemachi 2-6-4, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are Expert services, Insourcing, Others, Career solutions and outsourcing. The segments encompass human resource (HR) solutions, temporary staffing, contracting HR consulting, education and training, place and search, global overseas sourcing career placement, recruiting and outplacement, outsourcing, life solutions and public solutions. Expert services segment generates the majority of the revenues for the company.

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