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Fuji (FMMFF) E10 : $1.04 (As of Dec. 2023)


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What is Fuji 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.

Fuji's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.219. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.04 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fuji's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 9.60% 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 Fuji was 12.20% per year. The lowest was 9.60% per year. And the median was 10.90% per year.

As of today (2024-05-15), Fuji's current stock price is $16.41. Fuji's E10 for the quarter that ended in Dec. 2023 was $1.04. Fuji's Shiller PE Ratio of today is 15.78.

During the past 13 years, the highest Shiller PE Ratio of Fuji was 27.68. The lowest was 12.66. And the median was 17.57.


Fuji E10 Historical Data

The historical data trend for Fuji'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.

Fuji E10 Chart

Fuji Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.89 0.76 0.72 0.99

Fuji 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 0.92 1.03 1.01 1.06 1.04

Competitive Comparison of Fuji's E10

For the Specialty Industrial Machinery subindustry, Fuji'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.


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

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

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



Fuji 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, Fuji'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)
=0.219/106.8000*106.8000
=0.219

Current CPI (Dec. 2023) = 106.8000.

Fuji Quarterly Data

per share eps CPI Adj_EPS
201403 0.035 95.700 0.039
201406 0.209 98.000 0.228
201409 0.209 98.500 0.227
201412 0.222 97.900 0.242
201503 0.149 97.900 0.163
201506 0.277 98.400 0.301
201509 0.134 98.500 0.145
201512 0.170 98.100 0.185
201603 0.027 97.900 0.029
201606 0.196 98.100 0.213
201609 0.114 98.000 0.124
201612 0.178 98.400 0.193
201703 0.160 98.100 0.174
201706 0.364 98.500 0.395
201709 0.375 98.800 0.405
201712 0.438 99.400 0.471
201803 0.477 99.200 0.514
201806 0.408 99.200 0.439
201809 0.402 99.900 0.430
201812 0.429 99.700 0.460
201903 0.331 99.700 0.355
201906 0.389 99.800 0.416
201909 0.447 100.100 0.477
201912 0.340 100.500 0.361
202003 0.260 100.300 0.277
202006 0.477 99.900 0.510
202009 0.367 99.900 0.392
202012 0.410 99.300 0.441
202103 0.416 99.900 0.445
202106 0.609 99.500 0.654
202109 0.442 100.100 0.472
202112 0.459 100.100 0.490
202203 0.436 101.100 0.461
202206 0.459 101.800 0.482
202209 0.380 103.100 0.394
202212 0.329 104.100 0.338
202303 0.387 104.400 0.396
202306 0.250 105.200 0.254
202309 0.132 106.200 0.133
202312 0.219 106.800 0.219

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


Fuji  (OTCPK:FMMFF) 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.

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

Shiller PE Ratio=Share Price/E10
=16.41/1.04
=15.78

* 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 Fuji was 27.68. The lowest was 12.66. And the median was 17.57.


Be Aware

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


Fuji E10 Related Terms

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


Fuji (FMMFF) Business Description

Traded in Other Exchanges
Address
19 Chausuyama, Yamamachi, Aichi, Chiryu, JPN, 472-8686
Fuji Corp is a Japan-based company that primarily manufactures and distributes robotic mounter and machine tools. Its product offerings consist of SMT Equipment, Machine tools, Compact multijoint robot, Atmospheric pressure plasma unit, Mobility support robot, Public stocker system. It operates into three segments Robotic Solutions, Machine Tools, and others.

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