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I-Pex (TSE:6640) E10 : 円66.47 (As of Mar. 2024)


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What is I-Pex 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.

I-Pex's adjusted earnings per share data for the three months ended in Mar. 2024 was 円16.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円66.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, I-Pex's average E10 Growth Rate was 25.00% per year. During the past 3 years, the average E10 Growth Rate was 12.80% per year. During the past 5 years, the average E10 Growth Rate was -7.40% 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 I-Pex was 12.80% per year. The lowest was -32.50% per year. And the median was -12.40% per year.

As of today (2024-06-06), I-Pex's current stock price is 円2002.00. I-Pex's E10 for the quarter that ended in Mar. 2024 was 円66.47. I-Pex's Shiller PE Ratio of today is 30.12.

During the past 13 years, the highest Shiller PE Ratio of I-Pex was 55.17. The lowest was 9.14. And the median was 26.03.


I-Pex E10 Historical Data

The historical data trend for I-Pex'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.

I-Pex E10 Chart

I-Pex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.26 44.17 52.67 60.54 63.35

I-Pex 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 53.16 50.71 58.41 63.35 66.47

Competitive Comparison of I-Pex's E10

For the Electronic Components subindustry, I-Pex'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.


I-Pex's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, I-Pex's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where I-Pex's Shiller PE Ratio falls into.



I-Pex 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, I-Pex'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)
=16.92/107.2000*107.2000
=16.920

Current CPI (Mar. 2024) = 107.2000.

I-Pex Quarterly Data

per share eps CPI Adj_EPS
201406 31.430 98.000 34.381
201409 48.860 98.500 53.176
201412 4.930 97.900 5.398
201503 33.160 97.900 36.310
201506 -5.170 98.400 -5.632
201509 53.041 98.500 57.726
201512 59.750 98.100 65.293
201603 -45.680 97.900 -50.019
201606 -37.673 98.100 -41.168
201609 7.930 98.000 8.674
201612 84.735 98.400 92.313
201703 -5.360 98.100 -5.857
201706 21.288 98.500 23.168
201709 42.170 98.800 45.755
201712 41.500 99.400 44.757
201803 -19.850 99.200 -21.451
201806 29.720 99.200 32.117
201809 28.700 99.900 30.797
201812 -151.260 99.700 -162.639
201903 -36.280 99.700 -39.009
201906 -2.213 99.800 -2.377
201909 77.320 100.100 82.804
201912 14.688 100.500 15.667
202003 24.180 100.300 25.843
202006 -8.070 99.900 -8.660
202009 31.406 99.900 33.701
202012 13.970 99.300 15.081
202103 89.800 99.900 96.362
202106 67.939 99.500 73.197
202109 106.928 100.100 114.512
202112 52.130 100.100 55.828
202203 31.790 101.100 33.708
202206 31.970 101.800 33.666
202209 62.610 103.100 65.100
202212 -117.290 104.100 -120.783
202303 -56.110 104.400 -57.615
202306 -13.854 105.200 -14.117
202309 46.880 106.200 47.321
202312 -45.389 106.800 -45.559
202403 16.920 107.200 16.920

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


I-Pex  (TSE:6640) 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.

I-Pex's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2002.00/66.47
=30.12

* 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 I-Pex was 55.17. The lowest was 9.14. And the median was 26.03.


Be Aware

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


I-Pex E10 Related Terms

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


I-Pex (TSE:6640) Business Description

Traded in Other Exchanges
N/A
Address
12-4 Negoro, Momoyama-cho, Fushimi-ku, Kyoto, JPN, 612-8024
I-Pex Inc is a Japanese based manufacturer of super precision components. It operates into four business divisions including electronic components business, automotive components business, precision components business, and mold and manufacturing equipment business. Its products include connectors, electrical parts sensors, hard disk drive parts, audio-video components, insert molded sensors, meters, full automatic semiconductor molding machine, semi-auto molding machine, taping and detaping machine.

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