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inspec (TSE:6656) E10 : 円-33.99 (As of Jan. 2024)


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What is inspec 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.

inspec's adjusted earnings per share data for the three months ended in Jan. 2024 was 円-24.256. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-33.99 for the trailing ten years ended in Jan. 2024.

During the past 3 years, the average E10 Growth Rate was 19.80% per year. During the past 5 years, the average E10 Growth Rate was 21.60% 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 inspec was 19.80% per year. The lowest was 5.30% per year. And the median was 14.80% per year.

As of today (2024-06-09), inspec's current stock price is 円922.00. inspec's E10 for the quarter that ended in Jan. 2024 was 円-33.99. inspec's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of inspec was 1.68. The lowest was 0.00. And the median was 1.29.


inspec E10 Historical Data

The historical data trend for inspec'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.

inspec E10 Chart

inspec Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -73.24 -43.68 -78.58 -62.29 -22.57

inspec Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -46.48 -22.57 -25.44 -33.08 -33.99

Competitive Comparison of inspec's E10

For the Semiconductor Equipment & Materials subindustry, inspec'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.


inspec's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



inspec 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, inspec's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-24.256/106.9000*106.9000
=-24.256

Current CPI (Jan. 2024) = 106.9000.

inspec Quarterly Data

per share eps CPI Adj_EPS
201404 16.466 97.700 18.017
201407 -37.320 98.100 -40.668
201410 7.270 98.200 7.914
201501 35.570 97.800 38.880
201504 29.860 98.400 32.439
201507 -42.620 98.300 -46.349
201510 -29.620 98.500 -32.146
201601 -16.864 97.700 -18.452
201604 79.400 98.100 86.523
201607 -21.610 97.900 -23.597
201610 16.258 98.600 17.627
201701 -6.410 98.200 -6.978
201704 50.437 98.500 54.738
201707 -21.200 98.300 -23.055
201710 -61.650 98.800 -66.704
201801 -68.620 99.500 -73.723
201804 6.679 99.100 7.205
201807 -1.680 99.200 -1.810
201810 32.440 100.200 34.609
201901 17.340 99.700 18.592
201904 18.690 100.000 19.980
201907 43.790 99.800 46.905
201910 -6.000 100.400 -6.388
202001 -22.250 100.500 -23.667
202004 32.510 100.200 34.684
202007 26.600 100.000 28.435
202010 -17.650 99.800 -18.906
202101 -236.930 99.800 -253.786
202104 -88.140 99.100 -95.077
202107 2.740 99.700 2.938
202110 0.390 99.900 0.417
202201 -21.042 100.300 -22.427
202204 58.879 101.500 62.011
202207 -40.070 102.300 -41.872
202210 -25.919 103.700 -26.719
202301 3.388 104.700 3.459
202304 81.209 105.100 82.600
202307 -48.750 105.700 -49.303
202310 -42.027 107.100 -41.949
202401 -24.256 106.900 -24.256

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


inspec  (TSE:6656) 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.

During the past 13 years, the highest Shiller P/E Ratio of inspec was 1.68. The lowest was 0.00. And the median was 1.29.


Be Aware

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


inspec E10 Related Terms

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


inspec (TSE:6656) Business Description

Traded in Other Exchanges
N/A
Address
79-1 Kumokai Arayashiki Kakunodatemachi, Senhoku-shi, JPN, 014-0341
inspec Inc is engaged as manufacturer of visual inspection equipment that inspects the appearance of semiconductors and various IT related services. The company also offers services like regular maintenance, calibration service, and operation support services.

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