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Toei Co (TSE:9605) E10 : 円173.14 (As of Dec. 2023)


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What is Toei Co 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.

Toei Co's adjusted earnings per share data for the three months ended in Dec. 2023 was 円58.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円173.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Toei Co's average E10 Growth Rate was -100.00% 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 Toei Co was 9.20% per year. The lowest was 6.10% per year. And the median was 6.10% per year.

As of today (2024-06-08), Toei Co's current stock price is 円3765.00. Toei Co's E10 for the quarter that ended in Dec. 2023 was 円173.14. Toei Co's Shiller PE Ratio of today is 21.75.

During the past 13 years, the highest Shiller PE Ratio of Toei Co was 35.68. The lowest was 17.11. And the median was 23.66.


Toei Co E10 Historical Data

The historical data trend for Toei Co'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.

Toei Co E10 Chart

Toei Co 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 135.80 138.46 144.76 162.13 -

Toei Co 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 162.13 165.67 169.92 173.14 -

Competitive Comparison of Toei Co's E10

For the Entertainment subindustry, Toei Co'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.


Toei Co's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toei Co's Shiller PE Ratio distribution charts can be found below:

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



Toei Co 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, Toei Co'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)
=58.79/106.8000*106.8000
=58.790

Current CPI (Dec. 2023) = 106.8000.

Toei Co Quarterly Data

per share eps CPI Adj_EPS
201403 11.745 95.700 13.107
201406 48.020 98.000 52.332
201409 22.540 98.500 24.439
201412 32.740 97.900 35.716
201503 2.740 97.900 2.989
201506 42.120 98.400 45.716
201509 42.720 98.500 46.320
201512 32.240 98.100 35.099
201603 20.509 97.900 22.373
201606 36.460 98.100 39.693
201609 46.671 98.000 50.862
201612 44.592 98.400 48.399
201703 45.828 98.100 49.892
201706 53.908 98.500 58.451
201709 43.015 98.800 46.498
201712 45.184 99.400 48.548
201803 27.540 99.200 29.650
201806 42.508 99.200 45.765
201809 31.498 99.900 33.674
201812 57.630 99.700 61.734
201903 39.752 99.700 42.583
201906 48.224 99.800 51.606
201909 61.198 100.100 65.294
201912 44.924 100.500 47.740
202003 25.880 100.300 27.557
202006 9.634 99.900 10.299
202009 15.867 99.900 16.963
202012 37.701 99.300 40.549
202103 53.518 99.900 57.214
202106 29.826 99.500 32.014
202109 42.376 100.100 45.212
202112 45.248 100.100 48.277
202203 27.208 101.100 28.742
202206 50.640 101.800 53.127
202209 107.147 103.100 110.992
202212 71.372 104.100 73.223
202303 13.003 104.400 13.302
202306 67.836 105.200 68.868
202309 47.539 106.200 47.808
202312 58.790 106.800 58.790

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


Toei Co  (TSE:9605) 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.

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

Shiller PE Ratio=Share Price/E10
=3765.00/173.14
=21.75

* 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 Toei Co was 35.68. The lowest was 17.11. And the median was 23.66.


Be Aware

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


Toei Co E10 Related Terms

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


Toei Co (TSE:9605) Business Description

Traded in Other Exchanges
N/A
Address
3-2-17 Ginza, Chuo-ku, Tokyo, JPN, 104-8108
Toei Co Ltd engaged in the production of theatrical movies, TV dramas, direct-to-video productions, and anime, as well as a diverse range of businesses based on film production. The company releases both domestic and foreign movies, including its own films directly managed theaters and cinema complexes operated by the subsidiary T-Joy Co., Ltd. It also offers a digital cinema system providing packaged video software, such as DVD and Blu-ray discs. Its video distribution services engage in the sales of content to distribution media and the distribution of movies on iTunes in Japan. It operates more than ten official mobile websites via three major carriers namely NTT DOCOMO, au, and SoftBank.

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