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Maxell (TSE:6810) E10 : 円36.46 (As of Dec. 2023)


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What is Maxell 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.

Maxell's adjusted earnings per share data for the three months ended in Dec. 2023 was 円16.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円36.46 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maxell's average E10 Growth Rate was -100.00% 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.

As of today (2024-05-24), Maxell's current stock price is 円1589.00. Maxell's E10 for the quarter that ended in Dec. 2023 was 円36.46. Maxell's Shiller PE Ratio of today is 43.58.

During the past 13 years, the highest Shiller PE Ratio of Maxell was 361.54. The lowest was 35.71. And the median was 51.07.


Maxell E10 Historical Data

The historical data trend for Maxell'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.

Maxell E10 Chart

Maxell 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 - -6.72 8.38 35.11 -

Maxell 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 35.11 39.62 43.69 36.46 -

Competitive Comparison of Maxell's E10

For the Consumer Electronics subindustry, Maxell'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.


Maxell's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Maxell 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, Maxell'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)
=16.38/106.8000*106.8000
=16.380

Current CPI (Dec. 2023) = 106.8000.

Maxell Quarterly Data

per share eps CPI Adj_EPS
201403 36.610 95.700 40.856
201406 8.530 98.000 9.296
201409 24.730 98.500 26.814
201412 -43.870 97.900 -47.858
201503 139.663 97.900 152.360
201506 21.440 98.400 23.270
201509 32.700 98.500 35.455
201512 16.843 98.100 18.337
201603 3.400 97.900 3.709
201606 7.150 98.100 7.784
201609 24.924 98.000 27.162
201612 28.650 98.400 31.096
201703 47.590 98.100 51.811
201706 27.310 98.500 29.611
201709 50.377 98.800 54.456
201712 45.400 99.400 48.780
201803 11.790 99.200 12.693
201806 20.740 99.200 22.329
201809 18.357 99.900 19.625
201812 17.880 99.700 19.153
201903 43.527 99.700 46.627
201906 2.880 99.800 3.082
201909 12.720 100.100 13.571
201912 8.620 100.500 9.160
202003 -237.330 100.300 -252.710
202006 -10.130 99.900 -10.830
202009 -6.935 99.900 -7.414
202012 -6.070 99.300 -6.528
202103 -166.380 99.900 -177.872
202106 53.600 99.500 57.532
202109 26.709 100.100 28.497
202112 27.290 100.100 29.117
202203 -181.584 101.100 -191.822
202206 33.430 101.800 35.072
202209 31.190 103.100 32.309
202212 39.140 104.100 40.155
202303 4.670 104.400 4.777
202306 51.200 105.200 51.979
202309 56.460 106.200 56.779
202312 16.380 106.800 16.380

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


Maxell  (TSE:6810) 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.

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

Shiller PE Ratio=Share Price/E10
=1589.00/36.46
=43.58

* 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 Maxell was 361.54. The lowest was 35.71. And the median was 51.07.


Be Aware

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


Maxell E10 Related Terms

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


Maxell (TSE:6810) Business Description

Traded in Other Exchanges
Address
2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.

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