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Toshiba (Toshiba) E10 : $-0.36 (As of Sep. 2023)


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What is Toshiba 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.

Toshiba's adjusted earnings per share data for the three months ended in Sep. 2023 was $-0.209. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.36 for the trailing ten years ended in Sep. 2023.

During the past 3 years, the average E10 Growth Rate was -1.30% per year. During the past 5 years, the average E10 Growth Rate was -0.80% 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 Toshiba was -0.20% per year. The lowest was -1.30% per year. And the median was -0.60% per year.

As of today (2024-04-27), Toshiba's current stock price is $14.92. Toshiba's E10 for the quarter that ended in Sep. 2023 was $-0.36. Toshiba's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Toshiba was 911.12. The lowest was 777.17. And the median was 892.48.


Toshiba E10 Historical Data

The historical data trend for Toshiba'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.

Toshiba E10 Chart

Toshiba 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 -0.35 -0.24 -0.37 -0.45 -0.38

Toshiba Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.40 -0.39 -0.38 -0.36 -0.36

Competitive Comparison of Toshiba's E10

For the Conglomerates subindustry, Toshiba'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.


Toshiba's Shiller PE Ratio Distribution in the Conglomerates Industry

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

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



Toshiba 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, Toshiba's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.209/106.2000*106.2000
=-0.209

Current CPI (Sep. 2023) = 106.2000.

Toshiba Quarterly Data

per share eps CPI Adj_EPS
201312 0.196 95.600 0.218
201403 2,315,606.389 95.700 2,569,669.786
201406 0.194 98.000 0.210
201409 0.394 98.500 0.425
201412 0.541 97.900 0.587
201503 -13,238,644.622 97.900 -14,361,022.052
201506 -0.117 98.400 -0.126
201509 0.487 98.500 0.525
201512 -5.017 98.100 -5.431
201603 1,889,894.511 97.900 2,050,120.501
201606 0.895 98.100 0.969
201609 0.412 98.000 0.446
201612 -6.595 98.400 -7.118
201703 -42,154,158.161 98.100 -45,634,776.725
201706 0.536 98.500 0.578
201709 -10.673 98.800 -11.472
201712 0.708 99.400 0.756
201803 51,962,152.559 99.200 55,628,836.711
201806 7.088 99.200 7.588
201809 0.448 99.900 0.476
201812 -0.438 99.700 -0.467
201903 -6,273,376.143 99.700 -6,682,372.582
201906 -1.226 99.800 -1.305
201909 -0.046 100.100 -0.049
201912 -0.005 100.500 -0.005
202003 28,785,898.783 100.300 30,479,186.947
202006 -0.116 99.900 -0.123
202009 0.155 99.900 0.165
202012 0.426 99.300 0.456
202103 64,737,426.529 99.900 68,819,966.941
202106 0.180 99.500 0.192
202109 0.429 100.100 0.455
202112 0.557 100.100 0.591
202203 74,711,622.957 101.100 78,480,458.536
202206 0.222 101.800 0.232
202209 0.602 103.100 0.620
202212 -0.143 104.100 -0.146
202303 35,380,501.750 104.400 35,990,510.401
202306 -0.208 105.200 -0.210
202309 -0.209 106.200 -0.209

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


Toshiba  (OTCPK:TOSYY) 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.

During the past 13 years, the highest Shiller P/E Ratio of Toshiba was 911.12. The lowest was 777.17. And the median was 892.48.


Be Aware

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


Toshiba E10 Related Terms

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


Toshiba (Toshiba) Business Description

Traded in Other Exchanges
N/A
Address
1-1, Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8001
Founded in 1875, Toshiba is Japan's largest semiconductor manufacturer and its second-largest diversified industrial conglomerate. After the accounting scandal in 2015, Toshiba reorganized into six major segments: energy systems and solutions; infrastructure systems and solutions; building solutions; retail and printing solutions; storage and electronic devices solutions; and digital solutions. Toshiba is the second-largest manufacturer of NAND flash memory with a market share of 16.5% in 2017, and it concentrates business resources in this area.