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Kanematsu (TSE:8020) E10 : 円288.04 (As of Mar. 2024)


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What is Kanematsu 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.

Kanematsu's adjusted earnings per share data for the three months ended in Mar. 2024 was 円79.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円288.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kanematsu's average E10 Growth Rate was 7.20% per year. During the past 3 years, the average E10 Growth Rate was 27.10% per year. During the past 5 years, the average E10 Growth Rate was 20.00% 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 Kanematsu was 27.10% per year. The lowest was 7.70% per year. And the median was 20.60% per year.

As of today (2024-06-02), Kanematsu's current stock price is 円2691.00. Kanematsu's E10 for the quarter that ended in Mar. 2024 was 円288.04. Kanematsu's Shiller PE Ratio of today is 9.34.

During the past 13 years, the highest Shiller PE Ratio of Kanematsu was 22.47. The lowest was 5.46. And the median was 9.51.


Kanematsu E10 Historical Data

The historical data trend for Kanematsu'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.

Kanematsu E10 Chart

Kanematsu 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 136.55 140.38 153.56 268.72 288.04

Kanematsu 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 268.72 273.16 279.76 283.44 288.04

Competitive Comparison of Kanematsu's E10

For the Conglomerates subindustry, Kanematsu'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.


Kanematsu's Shiller PE Ratio Distribution in the Conglomerates Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=79.48/107.2000*107.2000
=79.480

Current CPI (Mar. 2024) = 107.2000.

Kanematsu Quarterly Data

per share eps CPI Adj_EPS
201406 25.500 98.000 27.894
201409 47.000 98.500 51.151
201412 40.300 97.900 44.128
201503 12.748 97.900 13.959
201506 21.400 98.400 23.314
201509 39.050 98.500 42.499
201512 29.500 98.100 32.236
201603 16.450 97.900 18.013
201606 11.900 98.100 13.004
201609 36.480 98.000 39.905
201612 38.040 98.400 41.442
201703 9.230 98.100 10.086
201706 39.140 98.500 42.597
201709 41.960 98.800 45.527
201712 63.960 99.400 68.979
201803 48.720 99.200 52.649
201806 48.980 99.200 52.930
201809 47.300 99.900 50.756
201812 44.290 99.700 47.622
201903 57.550 99.700 61.879
201906 42.170 99.800 45.297
201909 51.320 100.100 54.960
201912 19.210 100.500 20.491
202003 59.580 100.300 63.679
202006 28.230 99.900 30.293
202009 42.050 99.900 45.123
202012 31.970 99.300 34.513
202103 57.070 99.900 61.240
202106 38.910 99.500 41.921
202109 48.210 100.100 51.629
202112 56.530 100.100 60.540
202203 47.500 101.100 50.366
202206 75.820 101.800 79.842
202209 70.080 103.100 72.867
202212 1,039.540 104.100 1,070.497
202303 36.460 104.400 37.438
202306 64.910 105.200 66.144
202309 82.280 106.200 83.055
202312 50.300 106.800 50.488
202403 79.480 107.200 79.480

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


Kanematsu  (TSE:8020) 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.

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

Shiller PE Ratio=Share Price/E10
=2691.00/288.04
=9.34

* 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 Kanematsu was 22.47. The lowest was 5.46. And the median was 9.51.


Be Aware

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


Kanematsu E10 Related Terms

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


Kanematsu (TSE:8020) Business Description

Traded in Other Exchanges
Address
2-1 Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8005
Kanematsu Corp is a provider of products and services to various operations including Electronics and Devices, Foods and Grain, Steel, Materials and Plant, and Motor Vehicles and Aerospace. Its products portfolio under Electronics and Devices includes semiconductor equipment, industrial electronics, mobile, electronics components and materials; Food and Grains include foods, meat, and marine products, grain, feedstuff; Steel, Materials and Plant include steel, functional chemicals and energy, plants; and Motor Vehicles and Aerospace include motor vehicles and parts and aerospace.

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