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Scala (TSE:4845) E10 : 円45.58 (As of Mar. 2024)


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What is Scala 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.

Scala's adjusted earnings per share data for the three months ended in Mar. 2024 was 円-79.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円45.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Scala's average E10 Growth Rate was -21.40% per year. During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 8.80% 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 Scala was 15.30% per year. The lowest was 8.60% per year. And the median was 9.80% per year.

As of today (2024-06-13), Scala's current stock price is 円720.00. Scala's E10 for the quarter that ended in Mar. 2024 was 円45.58. Scala's Shiller PE Ratio of today is 15.80.

During the past 13 years, the highest Shiller PE Ratio of Scala was 33.75. The lowest was 8.34. And the median was 13.97.


Scala E10 Historical Data

The historical data trend for Scala'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.

Scala E10 Chart

Scala Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.59 43.29 59.31 56.36 55.46

Scala 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 58.00 55.46 54.92 53.98 45.58

Competitive Comparison of Scala's E10

For the Software - Application subindustry, Scala'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.


Scala's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Scala's Shiller PE Ratio distribution charts can be found below:

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



Scala 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, Scala'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)
=-79.64/107.2000*107.2000
=-79.640

Current CPI (Mar. 2024) = 107.2000.

Scala Quarterly Data

per share eps CPI Adj_EPS
201406 2.109 98.000 2.307
201409 7.940 98.500 8.641
201412 5.380 97.900 5.891
201503 8.900 97.900 9.745
201506 3.690 98.400 4.020
201509 9.270 98.500 10.089
201512 6.880 98.100 7.518
201603 12.100 97.900 13.249
201606 25.740 98.100 28.128
201609 163.530 98.000 178.882
201612 9.610 98.400 10.469
201703 10.360 98.100 11.321
201706 -7.900 98.500 -8.598
201709 10.070 98.800 10.926
201712 14.770 99.400 15.929
201803 10.530 99.200 11.379
201806 8.820 99.200 9.531
201809 11.810 99.900 12.673
201812 14.770 99.700 15.881
201903 17.320 99.700 18.623
201906 11.120 99.800 11.945
201909 7.970 100.100 8.535
201912 6.600 100.500 7.040
202003 6.730 100.300 7.193
202006 -3.070 99.900 -3.294
202009 3.990 99.900 4.282
202012 3.760 99.300 4.059
202103 145.420 99.900 156.046
202106 19.810 99.500 21.343
202109 -0.470 100.100 -0.503
202112 -3.620 100.100 -3.877
202203 2.200 101.100 2.333
202206 -27.790 101.800 -29.264
202209 2.950 103.100 3.067
202212 2.250 104.100 2.317
202303 8.090 104.400 8.307
202306 -25.950 105.200 -26.443
202309 -6.040 106.200 -6.097
202312 -8.150 106.800 -8.181
202403 -79.640 107.200 -79.640

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


Scala  (TSE:4845) 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.

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

Shiller PE Ratio=Share Price/E10
=720.00/45.58
=15.80

* 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 Scala was 33.75. The lowest was 8.34. And the median was 13.97.


Be Aware

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


Scala E10 Related Terms

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


Scala (TSE:4845) Business Description

Traded in Other Exchanges
N/A
Address
MK Building 3rd Floor, 3-3-2 Shibuya, Shibuya-ku, Tokoyo, JPN
Scala Inc is engaged in development, sales, and maintenance of SaaS and ASP related business software products. The company offers web services that supports corporate sites and EC sites using automatic voice response technologies.

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