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Hulic Co (TSE:3003) E10 : 円85.33 (As of Mar. 2024)


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What is Hulic Co 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.

Hulic Co's adjusted earnings per share data for the three months ended in Mar. 2024 was 円20.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円85.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hulic Co's average E10 Growth Rate was 13.70% per year. During the past 3 years, the average E10 Growth Rate was 47.40% 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 Hulic Co was 48.70% per year. The lowest was -1.20% per year. And the median was 47.40% per year.

As of today (2024-05-26), Hulic Co's current stock price is 円1454.00. Hulic Co's E10 for the quarter that ended in Mar. 2024 was 円85.33. Hulic Co's Shiller PE Ratio of today is 17.04.

During the past 13 years, the highest Shiller PE Ratio of Hulic Co was 113.40. The lowest was 13.98. And the median was 38.80.


Hulic Co E10 Historical Data

The historical data trend for Hulic Co'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.

Hulic Co E10 Chart

Hulic Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.14 26.33 62.37 72.84 84.24

Hulic Co 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 75.03 77.85 79.86 84.24 85.33

Competitive Comparison of Hulic Co's E10

For the Real Estate Services subindustry, Hulic Co'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.


Hulic Co's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Shiller PE Ratio distribution charts can be found below:

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



Hulic Co 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, Hulic Co'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)
=20.8/107.2000*107.2000
=20.800

Current CPI (Mar. 2024) = 107.2000.

Hulic Co Quarterly Data

per share eps CPI Adj_EPS
201406 8.520 98.000 9.320
201409 5.000 98.500 5.442
201412 12.460 97.900 13.644
201503 12.970 97.900 14.202
201506 10.700 98.400 11.657
201509 12.920 98.500 14.061
201512 16.120 98.100 17.615
201603 15.190 97.900 16.633
201606 11.650 98.100 12.731
201609 12.820 98.000 14.024
201612 13.320 98.400 14.511
201703 10.360 98.100 11.321
201706 21.270 98.500 23.149
201709 9.770 98.800 10.601
201712 22.980 99.400 24.783
201803 13.340 99.200 14.416
201806 22.550 99.200 24.369
201809 14.844 99.900 15.929
201812 24.440 99.700 26.279
201903 10.090 99.700 10.849
201906 29.573 99.800 31.766
201909 16.011 100.100 17.147
201912 32.876 100.500 35.068
202003 19.730 100.300 21.087
202006 21.485 99.900 23.055
202009 1.730 99.900 1.856
202012 52.270 99.300 56.428
202103 18.830 99.900 20.206
202106 34.970 99.500 37.676
202109 6.770 100.100 7.250
202112 38.182 100.100 40.890
202203 24.040 101.100 25.490
202206 24.520 101.800 25.821
202209 15.340 103.100 15.950
202212 40.060 104.100 41.253
202303 28.890 104.400 29.665
202306 29.050 105.200 29.602
202309 19.160 106.200 19.340
202312 47.210 106.800 47.387
202403 20.800 107.200 20.800

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


Hulic Co  (TSE:3003) 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.

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

Shiller PE Ratio=Share Price/E10
=1454.00/85.33
=17.04

* 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 Hulic Co was 113.40. The lowest was 13.98. And the median was 38.80.


Be Aware

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


Hulic Co E10 Related Terms

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


Hulic Co (TSE:3003) Business Description

Traded in Other Exchanges
Address
7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN
Hulic Co Ltd engages in real estate leasing of office buildings, residential properties, retail properties, hotels, and other properties across Tokyo. Although leasing is the core business, the company also operates a reconstruction business, development business, and investment business. Hulic's office buildings consist primarily of medium-sized offices and are constructed with quake-damping technology to ensure reliability and safety. Office buildings constitute nearly half of Hulic's portfolio. Aside from leasing condominiums, residential properties include housing built exclusively for the elderly. The group traditionally has staked its real estate business on accessibility by placing properties near stations and in metropolitan areas.

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