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Olympus (STU:OLY1) E10 : €0.35 (As of Mar. 2024)


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What is Olympus 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.

Olympus's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.051. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Olympus's average E10 Growth Rate was 50.30% per year. During the past 3 years, the average E10 Growth Rate was 62.30% per year. During the past 5 years, the average E10 Growth Rate was 37.20% 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 Olympus was 78.00% per year. The lowest was -35.80% per year. And the median was 34.10% per year.

As of today (2024-05-20), Olympus's current stock price is €14.84. Olympus's E10 for the quarter that ended in Mar. 2024 was €0.35. Olympus's Shiller PE Ratio of today is 42.40.

During the past 13 years, the highest Shiller PE Ratio of Olympus was 1797.62. The lowest was 16.10. And the median was 87.60.


Olympus E10 Historical Data

The historical data trend for Olympus'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.

Olympus E10 Chart

Olympus 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 0.11 0.11 0.20 0.27 0.35

Olympus 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 0.27 0.37 0.37 0.37 0.35

Competitive Comparison of Olympus's E10

For the Medical Instruments & Supplies subindustry, Olympus'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.


Olympus's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Olympus's Shiller PE Ratio distribution charts can be found below:

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



Olympus 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, Olympus'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)
=0.051/107.2000*107.2000
=0.051

Current CPI (Mar. 2024) = 107.2000.

Olympus Quarterly Data

per share eps CPI Adj_EPS
201406 0.043 98.000 0.047
201409 0.075 98.500 0.082
201412 0.048 97.900 0.053
201503 -0.228 97.900 -0.250
201506 0.088 98.400 0.096
201509 0.103 98.500 0.112
201512 0.039 98.100 0.043
201603 0.115 97.900 0.126
201606 0.055 98.100 0.060
201609 0.093 98.000 0.102
201612 0.095 98.400 0.103
201703 0.020 98.100 0.022
201706 0.059 98.500 0.064
201709 0.109 98.800 0.118
201712 0.099 99.400 0.107
201803 0.051 99.200 0.055
201806 -0.095 99.200 -0.103
201809 0.063 99.900 0.068
201812 0.069 99.700 0.074
201903 0.009 99.700 0.010
201906 0.052 99.800 0.056
201909 0.176 100.100 0.188
201912 0.148 100.500 0.158
202003 -0.045 100.300 -0.048
202006 -0.018 99.900 -0.019
202009 -0.125 99.900 -0.134
202012 0.150 99.300 0.162
202103 0.068 99.900 0.073
202106 0.110 99.500 0.119
202109 0.262 100.100 0.281
202112 0.153 100.100 0.164
202203 0.169 101.100 0.179
202206 0.138 101.800 0.145
202209 0.232 103.100 0.241
202212 0.228 104.100 0.235
202303 0.196 104.400 0.201
202306 1.250 105.200 1.274
202309 -0.124 106.200 -0.125
202312 0.101 106.800 0.101
202403 0.051 107.200 0.051

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


Olympus  (STU:OLY1) 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.

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

Shiller PE Ratio=Share Price/E10
=14.84/0.35
=42.40

* 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 Olympus was 1797.62. The lowest was 16.10. And the median was 87.60.


Be Aware

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


Olympus E10 Related Terms

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


Olympus (STU:OLY1) Business Description

Traded in Other Exchanges
Address
Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0914
Olympus Corp manufactures and sells precision instruments for the healthcare industry. The firm operates in three segments: scientific solutions, imaging, and medical. The scientific solutions segment sells microscopes and other imaging tools to life sciences and industrial customers. The imaging segment sells digital cameras under the Olympus brand. The medical segment supplies medical equipment, including gastrointestinal and surgical endoscopes and endotherapy devices. This segment generates the vast majority of revenue. Sales in Asia and North America contribute the largest proportions of revenue.

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