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Watahan (TSE:3199) E10 : 円83.26 (As of Dec. 2023)


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What is Watahan 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.

Watahan's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was 円83.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円83.26 for the trailing ten years ended in Mar. 2023.

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.

As of today (2024-06-10), Watahan's current stock price is 円 1625.00. Watahan's E10 for the fiscal year that ended in Mar. 2023 was 円83.26. Watahan's Shiller PE Ratio of today is 19.52.

During the past 10 years, the highest Shiller PE Ratio of Watahan was 19.52. The lowest was 16.15. And the median was 16.57.


Watahan E10 Historical Data

The historical data trend for Watahan'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.

Watahan E10 Chart

Watahan Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 83.26

Watahan Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 83.26 - - -

Competitive Comparison of Watahan's E10

For the Home Improvement Retail subindustry, Watahan'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.


Watahan's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Watahan's Shiller PE Ratio distribution charts can be found below:

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



Watahan 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, Watahan's adjusted earnings per share data for the fiscal year that ended in Mar. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=83.16/104.4000*104.4000
=83.160

Current CPI (Mar. 2023) = 104.4000.

Watahan Annual Data

per_share_eps CPI Adj_EPS
201403 59.145 95.700 64.522
201503 77.935 97.900 83.109
201603 64.075 97.900 68.329
201703 68.170 98.100 72.548
201803 75.230 99.200 79.174
201903 81.770 99.700 85.625
202003 76.940 100.300 80.085
202103 96.950 99.900 101.317
202203 111.070 101.100 114.695
202303 83.160 104.400 83.160

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


Watahan  (TSE:3199) 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.

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

Shiller PE Ratio=Share Price/E10
=1625.00/83.26
=19.52

* 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 10 years, the highest Shiller P/E Ratio of Watahan was 19.52. The lowest was 16.15. And the median was 16.57.


Be Aware

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


Watahan E10 Related Terms

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


Watahan (TSE:3199) Business Description

Traded in Other Exchanges
N/A
Address
Watahan Nohara Building, 1-4 Yotsuya, Shinjuku-ku, Tokyo, JPN, 160?0004
Watahan & Co Ltd engages in the retail, construction, and trading businesses in Japan. The company operates home improvement super centers. It is also involved in the construction design, operation, maintenance, and management activities; civil engineering operations; construction of landscaping and facades; sales and rental of construction materials, nursing care; operation of parking lots; and parked vehicle management activities. In addition, it provides consultancy services related to building construction, maintenance, management, and renovation activities; and manufactures and constructs steel buildings and bridge frames, as well as earthquake resistant bridges.

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