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NH Foods (TSE:2282) E10 : 円293.39 (As of Mar. 2024)


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What is NH Foods 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.

NH Foods's adjusted earnings per share data for the three months ended in Mar. 2024 was 円-14.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円293.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NH Foods's average E10 Growth Rate was -4.30% per year. During the past 3 years, the average E10 Growth Rate was 1.80% per year. During the past 5 years, the average E10 Growth Rate was 3.60% 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 NH Foods was 8.50% per year. The lowest was 1.80% per year. And the median was 6.00% per year.

As of today (2024-05-26), NH Foods's current stock price is 円4891.00. NH Foods's E10 for the quarter that ended in Mar. 2024 was 円293.39. NH Foods's Shiller PE Ratio of today is 16.67.

During the past 13 years, the highest Shiller PE Ratio of NH Foods was 34.28. The lowest was 10.85. And the median was 16.83.


NH Foods E10 Historical Data

The historical data trend for NH Foods'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.

NH Foods E10 Chart

NH Foods 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 262.64 278.45 312.18 306.55 293.39

NH Foods 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 306.55 313.60 320.18 299.58 293.39

Competitive Comparison of NH Foods's E10

For the Packaged Foods subindustry, NH Foods'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.


NH Foods's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NH Foods's Shiller PE Ratio distribution charts can be found below:

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



NH Foods 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, NH Foods'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)
=-14.1/107.2000*107.2000
=-14.100

Current CPI (Mar. 2024) = 107.2000.

NH Foods Quarterly Data

per share eps CPI Adj_EPS
201406 60.780 98.000 66.486
201409 78.100 98.500 84.998
201412 144.840 97.900 158.599
201503 2.500 97.900 2.737
201506 79.220 98.400 86.305
201509 62.400 98.500 67.911
201512 108.940 98.100 119.046
201603 -53.160 97.900 -58.210
201606 54.580 98.100 59.643
201609 81.360 98.000 88.998
201612 137.060 98.400 149.317
201703 49.540 98.100 54.135
201706 97.760 98.500 106.395
201709 94.390 98.800 102.415
201712 137.360 99.400 148.139
201803 9.600 99.200 10.374
201806 102.720 99.200 111.004
201809 47.860 99.900 51.357
201812 71.410 99.700 76.782
201903 -40.520 99.700 -43.568
201906 84.030 99.800 90.261
201909 16.320 100.100 17.478
201912 132.080 100.500 140.885
202003 -45.820 100.300 -48.972
202006 91.150 99.900 97.811
202009 98.110 99.900 105.279
202012 88.210 99.300 95.228
202103 40.390 99.900 43.341
202106 96.910 99.500 104.410
202109 94.830 100.100 101.556
202112 167.570 100.100 179.456
202203 110.450 101.100 117.114
202206 99.470 101.800 104.746
202209 51.720 103.100 53.777
202212 36.510 104.100 37.597
202303 -25.260 104.400 -25.937
202306 114.600 105.200 116.779
202309 80.280 106.200 81.036
202312 92.930 106.800 93.278
202403 -14.100 107.200 -14.100

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


NH Foods  (TSE:2282) 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.

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

Shiller PE Ratio=Share Price/E10
=4891.00/293.39
=16.67

* 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 NH Foods was 34.28. The lowest was 10.85. And the median was 16.83.


Be Aware

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


NH Foods E10 Related Terms

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


NH Foods (TSE:2282) Business Description

Traded in Other Exchanges
Address
Breeze Tower, 4-9, Umeda 2-chome, Kita-ku, Osaka, JPN, 530-0001
NH Foods Ltd is a Japanese packaged-food company. The company offers a wide range of products: hams, sausages, processed foods, marine products, dairy products, and health food. The meat segment is the largest and includes chicken, pork, and beef. The largest categories are processed foods and ham and sausages, followed by marine products and dairy products. The main market is Japan, but the company has worldwide operations in the U.K., Germany, Turkey, Australia, Brazil, Chile, the Americas, and other Asian countries.

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