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Nidec (STU:NIB) E10 : €1.10 (As of Mar. 2024)


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What is Nidec 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.

Nidec's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.219. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nidec's average E10 Growth Rate was 9.60% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 8.80% per year. During the past 10 years, the average E10 Growth Rate was 10.00% 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 Nidec was 15.50% per year. The lowest was 4.70% per year. And the median was 10.20% per year.

As of today (2024-06-06), Nidec's current stock price is €42.91. Nidec's E10 for the quarter that ended in Mar. 2024 was €1.10. Nidec's Shiller PE Ratio of today is 39.01.

During the past 13 years, the highest Shiller PE Ratio of Nidec was 119.87. The lowest was 29.65. And the median was 58.20.


Nidec E10 Historical Data

The historical data trend for Nidec'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.

Nidec E10 Chart

Nidec 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 1.04 0.98 1.07 1.08 1.10

Nidec 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 1.08 1.05 1.10 1.13 1.10

Competitive Comparison of Nidec's E10

For the Specialty Industrial Machinery subindustry, Nidec'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.


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

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

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



Nidec 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, Nidec'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)
=-0.219/107.2000*107.2000
=-0.219

Current CPI (Mar. 2024) = 107.2000.

Nidec Quarterly Data

per share eps CPI Adj_EPS
201406 0.215 98.000 0.235
201409 0.235 98.500 0.256
201412 0.243 97.900 0.266
201503 0.229 97.900 0.251
201506 0.268 98.400 0.292
201509 0.293 98.500 0.319
201512 0.287 98.100 0.314
201603 0.274 97.900 0.300
201606 0.314 98.100 0.343
201609 0.414 98.000 0.453
201612 0.434 98.400 0.473
201703 0.410 98.100 0.448
201706 0.380 98.500 0.414
201709 0.401 98.800 0.435
201712 0.437 99.400 0.471
201803 0.476 99.200 0.514
201806 0.490 99.200 0.530
201809 0.533 99.900 0.572
201812 0.325 99.700 0.349
201903 -0.646 99.700 -0.695
201906 0.046 99.800 0.049
201909 0.343 100.100 0.367
201912 0.310 100.500 0.331
202003 0.131 100.300 0.140
202006 0.283 99.900 0.304
202009 0.394 99.900 0.423
202012 0.471 99.300 0.508
202103 0.506 99.900 0.543
202106 0.431 99.500 0.464
202109 0.437 100.100 0.468
202112 0.435 100.100 0.466
202203 0.480 101.100 0.509
202206 0.505 101.800 0.532
202209 0.556 103.100 0.578
202212 0.212 104.100 0.218
202303 -0.718 104.400 -0.737
202306 0.728 105.200 0.742
202309 0.464 106.200 0.468
202312 0.442 106.800 0.444
202403 -0.219 107.200 -0.219

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


Nidec  (STU:NIB) 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.

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

Shiller PE Ratio=Share Price/E10
=42.91/1.1
=39.01

* 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 Nidec was 119.87. The lowest was 29.65. And the median was 58.20.


Be Aware

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


Nidec E10 Related Terms

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


Nidec (STU:NIB) Business Description

Address
338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205
Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations. Nidec sets an ambitious target to increase its revenue to JPY 3 trillion in fiscal 2025 from JPY 1.9 trillion in fiscal 2021.

Nidec (STU:NIB) Headlines