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Techno Alpha Co (TSE:3089) E10 : 円61.97 (As of Feb. 2024)


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What is Techno Alpha 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.

Techno Alpha Co's adjusted earnings per share data for the three months ended in Feb. 2024 was 円33.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円61.97 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Techno Alpha Co's average E10 Growth Rate was -1.90% per year. During the past 3 years, the average E10 Growth Rate was 5.40% per year. During the past 5 years, the average E10 Growth Rate was -50.00% 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 Techno Alpha Co was 5.40% per year. The lowest was -65.50% per year. And the median was -63.80% per year.

As of today (2024-06-09), Techno Alpha Co's current stock price is 円997.00. Techno Alpha Co's E10 for the quarter that ended in Feb. 2024 was 円61.97. Techno Alpha Co's Shiller PE Ratio of today is 16.09.

During the past 13 years, the highest Shiller PE Ratio of Techno Alpha Co was 26.04. The lowest was 0.60. And the median was 18.01.


Techno Alpha Co E10 Historical Data

The historical data trend for Techno Alpha 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.

Techno Alpha Co E10 Chart

Techno Alpha Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,254.76 54.17 53.41 59.46 63.45

Techno Alpha Co 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 63.16 64.96 61.25 63.45 61.97

Competitive Comparison of Techno Alpha Co's E10

For the Semiconductor Equipment & Materials subindustry, Techno Alpha 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.


Techno Alpha Co's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Techno Alpha Co's Shiller PE Ratio distribution charts can be found below:

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



Techno Alpha 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, Techno Alpha Co'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)
=33.58/106.9000*106.9000
=33.580

Current CPI (Feb. 2024) = 106.9000.

Techno Alpha Co Quarterly Data

per share eps CPI Adj_EPS
201405 34.520 98.100 37.617
201408 10.590 98.300 11.516
201411 16.017 97.900 17.489
201502 0.870 97.600 0.953
201505 3.758 98.700 4.070
201508 -8.470 98.400 -9.202
201511 3.260 98.100 3.552
201602 -15.720 97.800 -17.183
201605 17.490 98.200 19.040
201608 -12.836 97.900 -14.016
201611 -32.532 98.600 -35.270
201702 -15.340 98.100 -16.716
201705 -12.485 98.600 -13.536
201708 16.950 98.500 18.395
201711 36.180 99.100 39.028
201802 -5.030 99.500 -5.404
201805 43.450 99.300 46.775
201808 -5.142 99.800 -5.508
201811 67.756 100.000 72.431
201902 38.750 99.700 41.548
201905 40.594 100.000 43.395
201908 9.390 100.000 10.038
201911 38.453 100.500 40.902
202002 -18.090 100.300 -19.280
202005 6.598 100.100 7.046
202008 -15.723 100.100 -16.791
202011 24.130 99.500 25.925
202102 1.960 99.800 2.099
202105 29.155 99.400 31.355
202108 -5.981 99.700 -6.413
202111 39.070 100.100 41.724
202202 1.740 100.700 1.847
202205 59.570 101.800 62.554
202208 4.340 102.700 4.517
202211 64.160 103.900 66.013
202302 35.100 104.000 36.079
202305 34.615 105.100 35.208
202308 -12.923 105.900 -13.045
202311 37.338 106.900 37.338
202402 33.580 106.900 33.580

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


Techno Alpha Co  (TSE:3089) 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.

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

Shiller PE Ratio=Share Price/E10
=997.00/61.97
=16.09

* 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 Techno Alpha Co was 26.04. The lowest was 0.60. And the median was 18.01.


Be Aware

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


Techno Alpha Co E10 Related Terms

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


Techno Alpha Co (TSE:3089) Business Description

Traded in Other Exchanges
N/A
Address
Meiji Yasuda Life Gotanda Building 2F, Nishi-Gotanda 2-27-4, Shinagawa-ku, Tokyo, JPN, 141-0031
Techno Alpha Co Ltd Is engaged in the import and sale of semiconductor manufacturing equipment, electronic materials, environmental equipment, marine equipment dealers, and other manufacturing and technical services of in house developed products.

Techno Alpha Co (TSE:3089) Headlines

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