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Marvelous (TSE:7844) E10 : 円57.50 (As of Dec. 2023)


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What is Marvelous 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.

Marvelous's adjusted earnings per share data for the three months ended in Dec. 2023 was 円1.058. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円57.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Marvelous's average E10 Growth Rate was -2.40% per year. During the past 3 years, the average E10 Growth Rate was 3.30% per year. During the past 5 years, the average E10 Growth Rate was 29.80% 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 Marvelous was 64.10% per year. The lowest was 3.30% per year. And the median was 18.30% per year.

As of today (2024-06-06), Marvelous's current stock price is 円621.00. Marvelous's E10 for the quarter that ended in Dec. 2023 was 円57.50. Marvelous's Shiller PE Ratio of today is 10.80.

During the past 13 years, the highest Shiller PE Ratio of Marvelous was 76.12. The lowest was 9.55. And the median was 13.61.


Marvelous E10 Historical Data

The historical data trend for Marvelous'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.

Marvelous E10 Chart

Marvelous 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 33.85 51.91 56.11 56.06 57.15

Marvelous 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 58.89 57.15 57.49 58.18 57.50

Competitive Comparison of Marvelous's E10

For the Electronic Gaming & Multimedia subindustry, Marvelous'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.


Marvelous's Shiller PE Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Marvelous's Shiller PE Ratio distribution charts can be found below:

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



Marvelous 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, Marvelous'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)
=1.058/106.8000*106.8000
=1.058

Current CPI (Dec. 2023) = 106.8000.

Marvelous Quarterly Data

per share eps CPI Adj_EPS
201403 9.160 95.700 10.222
201406 7.930 98.000 8.642
201409 9.550 98.500 10.355
201412 17.600 97.900 19.200
201503 5.660 97.900 6.175
201506 18.570 98.400 20.155
201509 17.168 98.500 18.615
201512 14.587 98.100 15.881
201603 17.620 97.900 19.222
201606 5.860 98.100 6.380
201609 9.590 98.000 10.451
201612 39.070 98.400 42.405
201703 26.005 98.100 28.311
201706 10.220 98.500 11.081
201709 13.689 98.800 14.797
201712 15.250 99.400 16.385
201803 28.770 99.200 30.974
201806 8.510 99.200 9.162
201809 29.021 99.900 31.025
201812 17.420 99.700 18.661
201903 9.840 99.700 10.541
201906 6.640 99.800 7.106
201909 7.734 100.100 8.252
201912 11.460 100.500 12.178
202003 8.910 100.300 9.487
202006 11.060 99.900 11.824
202009 9.290 99.900 9.932
202012 19.616 99.300 21.098
202103 15.259 99.900 16.313
202106 17.800 99.500 19.106
202109 16.640 100.100 17.754
202112 14.210 100.100 15.161
202203 14.573 101.100 15.395
202206 12.450 101.800 13.061
202209 14.953 103.100 15.490
202212 12.480 104.100 12.804
202303 -8.040 104.400 -8.225
202306 10.080 105.200 10.233
202309 8.270 106.200 8.317
202312 1.058 106.800 1.058

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


Marvelous  (TSE:7844) 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.

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

Shiller PE Ratio=Share Price/E10
=621.00/57.5
=10.80

* 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 Marvelous was 76.12. The lowest was 9.55. And the median was 13.61.


Be Aware

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


Marvelous E10 Related Terms

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


Marvelous (TSE:7844) Business Description

Traded in Other Exchanges
N/A
Address
4-12-8 Higashi-Shinagawa, 5 Floor, Shinagawa Seaside East Tower, Shinagawa-ku, Tokyo, JPN, 140-0002
Marvelous Inc is a Japanese technology company that engages in planning, developing, and selling online games, consumer game software, and audio-visual content. The company's segments include online business, which develops and operates online games and applications, focusing on social games for social networking sites; consumer business, which develops and sells home game software and commercial equipment for amusement facilities; and music video business, which produces and operates music and video contents with a focus on animation.

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