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ULVAC (ULVAF) E10 : $1.07 (As of Mar. 2024)


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What is ULVAC 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.

ULVAC's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.871. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ULVAC's average E10 Growth Rate was 9.20% per year. During the past 3 years, the average E10 Growth Rate was 45.60% per year. During the past 5 years, the average E10 Growth Rate was 42.50% 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 ULVAC was 46.50% per year. The lowest was 36.50% per year. And the median was 45.60% per year.

As of today (2024-06-08), ULVAC's current stock price is $26.90. ULVAC's E10 for the quarter that ended in Mar. 2024 was $1.07. ULVAC's Shiller PE Ratio of today is 25.14.

During the past 13 years, the highest Shiller PE Ratio of ULVAC was 166.57. The lowest was 13.44. And the median was 33.33.


ULVAC E10 Historical Data

The historical data trend for ULVAC'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.

ULVAC E10 Chart

ULVAC Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 1.04 0.81 1.88 1.65

ULVAC 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 1.66 1.65 1.86 1.51 1.07

Competitive Comparison of ULVAC's E10

For the Specialty Industrial Machinery subindustry, ULVAC'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.


ULVAC's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ULVAC's Shiller PE Ratio distribution charts can be found below:

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



ULVAC 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, ULVAC'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)
=0.871/107.2000*107.2000
=0.871

Current CPI (Mar. 2024) = 107.2000.

ULVAC Quarterly Data

per share eps CPI Adj_EPS
201406 0.356 98.000 0.389
201409 0.201 98.500 0.219
201412 0.474 97.900 0.519
201503 0.281 97.900 0.308
201506 0.373 98.400 0.406
201509 0.548 98.500 0.596
201512 0.758 98.100 0.828
201603 0.720 97.900 0.788
201606 0.940 98.100 1.027
201609 1.011 98.000 1.106
201612 1.087 98.400 1.184
201703 1.184 98.100 1.294
201706 1.201 98.500 1.307
201709 1.160 98.800 1.259
201712 1.794 99.400 1.935
201803 1.720 99.200 1.859
201806 1.954 99.200 2.112
201809 1.101 99.900 1.181
201812 0.932 99.700 1.002
201903 1.103 99.700 1.186
201906 0.262 99.800 0.281
201909 0.650 100.100 0.696
201912 0.808 100.500 0.862
202003 0.604 100.300 0.646
202006 -0.042 99.900 -0.045
202009 0.062 99.900 0.067
202012 0.825 99.300 0.891
202103 0.697 99.900 0.748
202106 1.209 99.500 1.303
202109 0.412 100.100 0.441
202112 1.053 100.100 1.128
202203 0.966 101.100 1.024
202206 0.975 101.800 1.027
202209 0.574 103.100 0.597
202212 0.795 104.100 0.819
202303 0.368 104.400 0.378
202306 0.347 105.200 0.354
202309 0.156 106.200 0.157
202312 0.807 106.800 0.810
202403 0.871 107.200 0.871

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


ULVAC  (OTCPK:ULVAF) 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.

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

Shiller PE Ratio=Share Price/E10
=26.90/1.07
=25.14

* 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 ULVAC was 166.57. The lowest was 13.44. And the median was 33.33.


Be Aware

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


ULVAC E10 Related Terms

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


ULVAC (ULVAF) Business Description

Traded in Other Exchanges
Address
2500 Hagisono, Kanagawa, Chigasaki, JPN, 253-8543
ULVAC Inc is a Japanese company providing solutions which incorporate equipment, materials, analysis, and services for flat panel displays, electronic components, semiconductors, and general-industry equipment. The company has two reportable segments namely Vacuum Equipment business and Vacuum Application business. Vacuum equipment business is engaged in manufacturing products such as photovoltaic-cells production equipment, sputtering equipment for semiconductor production, vacuum evaporation roll coaters, vacuum pumps and measuring equipment. Vacuum application business is engaged in making products such as sputtering target materials, control system equipment and analyzing equipment. Most of the company's revenue comes from Japan.

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