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Koa (TSE:6999) E10 : 円89.82 (As of Dec. 2023)


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What is Koa 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.

Koa's adjusted earnings per share data for the three months ended in Dec. 2023 was 円23.481. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円89.82 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Koa's average E10 Growth Rate was 4.60% per year. During the past 3 years, the average E10 Growth Rate was 11.30% per year. During the past 5 years, the average E10 Growth Rate was 5.90% 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 Koa was 11.30% per year. The lowest was -0.20% per year. And the median was 3.20% per year.

As of today (2024-05-28), Koa's current stock price is 円1503.00. Koa's E10 for the quarter that ended in Dec. 2023 was 円89.82. Koa's Shiller PE Ratio of today is 16.73.

During the past 13 years, the highest Shiller PE Ratio of Koa was 48.26. The lowest was 11.72. And the median was 22.46.


Koa E10 Historical Data

The historical data trend for Koa'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.

Koa E10 Chart

Koa Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.10 61.72 70.68 88.30 -

Koa Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 88.30 90.25 89.72 89.82 -

Competitive Comparison of Koa's E10

For the Electronic Components subindustry, Koa'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.


Koa's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Koa 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, Koa'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)
=23.481/106.8000*106.8000
=23.481

Current CPI (Dec. 2023) = 106.8000.

Koa Quarterly Data

per share eps CPI Adj_EPS
201403 3.653 95.700 4.077
201406 17.560 98.000 19.137
201409 23.170 98.500 25.122
201412 25.280 97.900 27.578
201503 27.320 97.900 29.804
201506 21.570 98.400 23.411
201509 12.869 98.500 13.953
201512 13.050 98.100 14.207
201603 6.990 97.900 7.625
201606 22.950 98.100 24.985
201609 11.430 98.000 12.456
201612 22.193 98.400 24.088
201703 13.300 98.100 14.480
201706 27.190 98.500 29.481
201709 28.810 98.800 31.143
201712 34.820 99.400 37.412
201803 28.455 99.200 30.635
201806 30.670 99.200 33.020
201809 -6.350 99.900 -6.789
201812 -17.046 99.700 -18.260
201903 20.420 99.700 21.874
201906 13.040 99.800 13.955
201909 5.100 100.100 5.441
201912 0.897 100.500 0.953
202003 10.210 100.300 10.872
202006 3.980 99.900 4.255
202009 3.650 99.900 3.902
202012 15.460 99.300 16.628
202103 32.030 99.900 34.242
202106 38.340 99.500 41.153
202109 32.160 100.100 34.313
202112 31.310 100.100 33.406
202203 27.231 101.100 28.766
202206 63.390 101.800 66.503
202209 58.440 103.100 60.537
202212 41.090 104.100 42.156
202303 35.830 104.400 36.654
202306 28.550 105.200 28.984
202309 12.500 106.200 12.571
202312 23.481 106.800 23.481

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


Koa  (TSE:6999) 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.

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

Shiller PE Ratio=Share Price/E10
=1503.00/89.82
=16.73

* 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 Koa was 48.26. The lowest was 11.72. And the median was 22.46.


Be Aware

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


Koa E10 Related Terms

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


Koa (TSE:6999) Business Description

Traded in Other Exchanges
N/A
Address
Nakaminowa 14016, Minowa, Nagano, JPN, 399-4601
Koa Corp is a Japan-based company, engages in the development, manufacture, and sale of electronic components. It offers its products such as circuit components, which include resistors, integrated circuits, composite parts, thermal sensors, inductors, fuses and others. Geographically the company operates throughout Japan, Asia, America and Europe.

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