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KFC (TSE:3420) E10 : 円233.49 (As of Dec. 2023)


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What is KFC 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.

KFC's adjusted earnings per share data for the three months ended in Dec. 2023 was 円53.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円233.49 for the trailing ten years ended in Dec. 2023.

During the past 12 months, KFC's average E10 Growth Rate was 8.00% per year. During the past 3 years, the average E10 Growth Rate was 13.50% 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 KFC was 13.50% per year. The lowest was 13.00% per year. And the median was 13.25% per year.

As of today (2024-06-10), KFC's current stock price is 円1512.00. KFC's E10 for the quarter that ended in Dec. 2023 was 円233.49. KFC's Shiller PE Ratio of today is 6.48.

During the past 13 years, the highest Shiller PE Ratio of KFC was 18.59. The lowest was 5.48. And the median was 10.69.


KFC E10 Historical Data

The historical data trend for KFC'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.

KFC E10 Chart

KFC 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 137.28 151.57 174.70 198.21 221.39

KFC 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 216.18 221.39 226.32 229.45 233.49

Competitive Comparison of KFC's E10

For the Conglomerates subindustry, KFC'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.


KFC's Shiller PE Ratio Distribution in the Conglomerates Industry

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

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



KFC 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, KFC's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=53.7/106.8000*106.8000
=53.700

Current CPI (Dec. 2023) = 106.8000.

KFC Quarterly Data

per share eps CPI Adj_EPS
201403 31.540 95.700 35.198
201406 5.030 98.000 5.482
201409 29.250 98.500 31.715
201412 46.940 97.900 51.207
201503 85.390 97.900 93.153
201506 50.760 98.400 55.093
201509 55.098 98.500 59.741
201512 80.850 98.100 88.020
201603 15.990 97.900 17.444
201606 61.690 98.100 67.161
201609 40.802 98.000 44.466
201612 104.961 98.400 113.921
201703 46.400 98.100 50.515
201706 18.340 98.500 19.885
201709 59.300 98.800 64.102
201712 71.620 99.400 76.952
201803 90.219 99.200 97.131
201806 23.460 99.200 25.257
201809 36.110 99.900 38.604
201812 73.937 99.700 79.202
201903 78.830 99.700 84.444
201906 22.730 99.800 24.324
201909 63.640 100.100 67.900
201912 81.540 100.500 86.651
202003 117.920 100.300 125.562
202006 43.640 99.900 46.654
202009 41.390 99.900 44.249
202012 95.048 99.300 102.227
202103 133.348 99.900 142.558
202106 45.760 99.500 49.117
202109 57.840 100.100 61.711
202112 76.548 100.100 81.672
202203 69.960 101.100 73.904
202206 -4.600 101.800 -4.826
202209 14.316 103.100 14.830
202212 80.160 104.100 82.239
202303 53.066 104.400 54.286
202306 8.310 105.200 8.436
202309 20.886 106.200 21.004
202312 53.700 106.800 53.700

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


KFC  (TSE:3420) 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.

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

Shiller PE Ratio=Share Price/E10
=1512.00/233.49
=6.48

* 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 KFC was 18.59. The lowest was 5.48. And the median was 10.69.


Be Aware

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


KFC E10 Related Terms

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


KFC (TSE:3420) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 17, Nishitenumi Northern Ward, Osaka, JPN, 530-0047
KFC, Ltd. manufactures and sells construction materials. The company's business is divided into three division namely Fastener business division which includes production and sales of steel materials and various hardware products, design and construction of earthquake-resistant construction works of constructions, and others., Civil engineering material business division comprises of manufacture and sales of tunnel support materials such as lock bolts, sales of tunnel waterproof sheets and accessories and welding machines and construction machines, and others, and Construction business division consists of designing and construction of environmental construction such as tunnel interior and fireproof construction and sound insulation wall installation work, and others.

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