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Janome (TSE:6445) E10 : 円80.48 (As of Dec. 2023)


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What is Janome 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.

Janome's adjusted earnings per share data for the three months ended in Dec. 2023 was 円7.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円80.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Janome's average E10 Growth Rate was 0.40% per year. During the past 3 years, the average E10 Growth Rate was 15.20% per year. During the past 5 years, the average E10 Growth Rate was 31.60% 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 Janome was 62.10% per year. The lowest was 14.90% per year. And the median was 15.20% per year.

As of today (2024-06-12), Janome's current stock price is 円669.00. Janome's E10 for the quarter that ended in Dec. 2023 was 円80.48. Janome's Shiller PE Ratio of today is 8.31.

During the past 13 years, the highest Shiller PE Ratio of Janome was 46.76. The lowest was 4.26. And the median was 8.52.


Janome E10 Historical Data

The historical data trend for Janome'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.

Janome E10 Chart

Janome 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 54.93 54.56 70.43 83.32 83.52

Janome 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 80.17 83.52 86.79 83.65 80.48

Competitive Comparison of Janome's E10

For the Furnishings, Fixtures & Appliances subindustry, Janome'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.


Janome's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Janome's Shiller PE Ratio distribution charts can be found below:

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



Janome 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, Janome'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)
=7.05/106.8000*106.8000
=7.050

Current CPI (Dec. 2023) = 106.8000.

Janome Quarterly Data

per share eps CPI Adj_EPS
201403 23.277 95.700 25.977
201406 18.700 98.000 20.379
201409 16.800 98.500 18.216
201412 51.400 97.900 56.073
201503 9.363 97.900 10.214
201506 3.760 98.400 4.081
201509 18.300 98.500 19.842
201512 40.090 98.100 43.645
201603 17.949 97.900 19.581
201606 11.830 98.100 12.879
201609 8.190 98.000 8.925
201612 27.881 98.400 30.261
201703 35.226 98.100 38.350
201706 17.660 98.500 19.148
201709 20.270 98.800 21.911
201712 20.122 99.400 21.620
201803 13.914 99.200 14.980
201806 8.770 99.200 9.442
201809 10.397 99.900 11.115
201812 16.087 99.700 17.233
201903 10.280 99.700 11.012
201906 3.710 99.800 3.970
201909 -0.590 100.100 -0.629
201912 4.650 100.500 4.941
202003 14.170 100.300 15.088
202006 46.140 99.900 49.327
202009 58.089 99.900 62.101
202012 50.951 99.300 54.799
202103 48.884 99.900 52.260
202106 25.650 99.500 27.532
202109 34.730 100.100 37.055
202112 35.952 100.100 38.358
202203 35.530 101.100 37.533
202206 28.920 101.800 30.340
202209 -71.150 103.100 -73.703
202212 -13.320 104.100 -13.665
202303 35.176 104.400 35.985
202306 -7.140 105.200 -7.249
202309 8.760 106.200 8.809
202312 7.050 106.800 7.050

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


Janome  (TSE:6445) 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.

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

Shiller PE Ratio=Share Price/E10
=669.00/80.48
=8.31

* 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 Janome was 46.76. The lowest was 4.26. And the median was 8.52.


Be Aware

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


Janome E10 Related Terms

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


Janome (TSE:6445) Business Description

Traded in Other Exchanges
N/A
Address
1463 Hazamamachi, Hachioji-shi, Tokyo, JPN, 193-0941
Janome Corp is the sewing machine manufacturer. The company is organized into three business segment: Household Equipment, Industrial Equipment, and IT business. The majority of its revenue is derived from the Household Equipment segment. The company exports its products to more than 100 countries worldwide. The company has an operational presence across North America, Europe and other regions.

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