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Yamada (TSE:6392) E10 : 円479.75 (As of Dec. 2023)


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What is Yamada 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.

Yamada's adjusted earnings per share data for the three months ended in Dec. 2023 was 円142.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円479.75 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Yamada's average E10 Growth Rate was 11.40% per year. During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was 13.80% 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 Yamada was 18.30% per year. The lowest was 8.30% per year. And the median was 11.70% per year.

As of today (2024-06-09), Yamada's current stock price is 円5970.00. Yamada's E10 for the quarter that ended in Dec. 2023 was 円479.75. Yamada's Shiller PE Ratio of today is 12.44.

During the past 13 years, the highest Shiller PE Ratio of Yamada was 12.63. The lowest was 5.28. And the median was 7.01.


Yamada E10 Historical Data

The historical data trend for Yamada'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.

Yamada E10 Chart

Yamada 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 280.20 343.83 359.89 390.89 436.73

Yamada 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 430.84 436.73 452.78 476.21 479.75

Competitive Comparison of Yamada's E10

For the Specialty Industrial Machinery subindustry, Yamada'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.


Yamada's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yamada's Shiller PE Ratio distribution charts can be found below:

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



Yamada 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, Yamada'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)
=142.94/106.8000*106.8000
=142.940

Current CPI (Dec. 2023) = 106.8000.

Yamada Quarterly Data

per share eps CPI Adj_EPS
201403 118.063 95.700 131.757
201406 46.750 98.000 50.948
201409 107.050 98.500 116.070
201412 118.650 97.900 129.436
201503 119.550 97.900 130.418
201506 43.350 98.400 47.051
201509 85.267 98.500 92.452
201512 59.445 98.100 64.717
201603 73.550 97.900 80.236
201606 27.050 98.100 29.449
201609 60.490 98.000 65.922
201612 66.267 98.400 71.924
201703 71.260 98.100 77.580
201706 89.610 98.500 97.161
201709 114.328 98.800 123.585
201712 114.140 99.400 122.637
201803 167.269 99.200 180.084
201806 148.380 99.200 159.748
201809 170.374 99.900 182.142
201812 101.701 99.700 108.943
201903 127.501 99.700 136.581
201906 123.920 99.800 132.612
201909 83.621 100.100 89.218
201912 117.392 100.500 124.751
202003 68.005 100.300 72.412
202006 76.000 99.900 81.249
202009 95.631 99.900 102.236
202012 79.266 99.300 85.253
202103 128.230 99.900 137.087
202106 127.900 99.500 137.284
202109 119.598 100.100 127.603
202112 135.983 100.100 145.085
202203 103.941 101.100 109.801
202206 146.970 101.800 154.189
202209 182.276 103.100 188.817
202212 123.940 104.100 127.155
202303 170.873 104.400 174.801
202306 206.130 105.200 209.265
202309 255.440 106.200 256.883
202312 142.940 106.800 142.940

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


Yamada  (TSE:6392) 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.

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

Shiller PE Ratio=Share Price/E10
=5970.00/479.75
=12.44

* 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 Yamada was 12.63. The lowest was 5.28. And the median was 7.01.


Be Aware

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


Yamada E10 Related Terms

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


Yamada (TSE:6392) Business Description

Traded in Other Exchanges
N/A
Address
No.1-3, 1-Chome, Minami-Magome, Ota-ku, Tokyo, JPN, 143-8504
Yamada Corp is engaged in the manufacturing and sale of pneumatic, hydraulic, electric driven and other types of pumps and associated equipment. It is also engaged in the manufacture and sales of transfer, spray and suction pumps and equipment for gas, liquid, powder, viscose and granulated materials.

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