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Taisei (Taisei) E10 : $0.68 (As of Dec. 2023)


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What is Taisei 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.

Taisei's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.046. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Taisei's average E10 Growth Rate was 3.50% per year. During the past 3 years, the average E10 Growth Rate was 10.80% per year. During the past 5 years, the average E10 Growth Rate was 16.70% 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 Taisei was 27.80% per year. The lowest was 10.80% per year. And the median was 19.05% per year.

As of today (2024-04-28), Taisei's current stock price is $8.84. Taisei's E10 for the quarter that ended in Dec. 2023 was $0.68. Taisei's Shiller PE Ratio of today is 13.00.

During the past 13 years, the highest Shiller PE Ratio of Taisei was 47.25. The lowest was 9.52. And the median was 13.71.


Taisei E10 Historical Data

The historical data trend for Taisei'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.

Taisei E10 Chart

Taisei Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.70 0.75 0.74 0.78

Taisei 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 0.69 0.78 0.65 0.63 0.68

Competitive Comparison of Taisei's E10

For the Engineering & Construction subindustry, Taisei'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.


Taisei's Shiller PE Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Taisei's Shiller PE Ratio distribution charts can be found below:

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



Taisei 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, Taisei'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)
=0.046/106.8000*106.8000
=0.046

Current CPI (Dec. 2023) = 106.8000.

Taisei Quarterly Data

per share eps CPI Adj_EPS
201403 0.090 95.700 0.100
201406 0.006 98.000 0.007
201409 0.121 98.500 0.131
201412 0.152 97.900 0.166
201503 0.083 97.900 0.091
201506 0.134 98.400 0.145
201509 0.143 98.500 0.155
201512 0.199 98.100 0.217
201603 0.216 97.900 0.236
201606 0.123 98.100 0.134
201609 0.246 98.000 0.268
201612 0.388 98.400 0.421
201703 0.135 98.100 0.147
201706 0.195 98.500 0.211
201709 0.243 98.800 0.263
201712 0.362 99.400 0.389
201803 0.480 99.200 0.517
201806 0.132 99.200 0.142
201809 0.225 99.900 0.241
201812 0.275 99.700 0.295
201903 0.517 99.700 0.554
201906 0.228 99.800 0.244
201909 0.257 100.100 0.274
201912 0.258 100.500 0.274
202003 0.584 100.300 0.622
202006 0.146 99.900 0.156
202009 0.196 99.900 0.210
202012 0.305 99.300 0.328
202103 0.391 99.900 0.418
202106 0.048 99.500 0.052
202109 0.169 100.100 0.180
202112 0.226 100.100 0.241
202203 0.321 101.100 0.339
202206 0.060 101.800 0.063
202209 0.107 103.100 0.111
202212 0.137 104.100 0.141
202303 0.139 104.400 0.142
202306 -0.021 105.200 -0.021
202309 0.154 106.200 0.155
202312 0.046 106.800 0.046

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


Taisei  (OTCPK:TISCY) 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.

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

Shiller PE Ratio=Share Price/E10
=8.84/0.68
=13.00

* 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 Taisei was 47.25. The lowest was 9.52. And the median was 13.71.


Be Aware

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


Taisei E10 Related Terms

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


Taisei (Taisei) Business Description

Traded in Other Exchanges
Address
Shinjuku Center Building, 1-25-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0606
Taisei Corp provides civil engineering and building development services in many different areas. It enters contracts to develop and enhance urbanization in designated regions. The company has four operating segments: civil engineering (majority of total revenue), building construction, real estate development, and other. It participates in all phases of project development, including planning, design, construction, and aftermarket services. Multiple projects are conducted simultaneously as the company showcases its expansive network and technical know-how. Taisei's projects range from traffic infrastructure and tunnels to airport facilities and high-rise building offices. Customers in Japan account for majority of total sales.

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