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Chino (TSE:6850) E10 : 円117.42 (As of Dec. 2023)


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What is Chino 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.

Chino's adjusted earnings per share data for the three months ended in Dec. 2023 was 円56.281. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円117.42 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Chino's average E10 Growth Rate was 20.50% per year. During the past 3 years, the average E10 Growth Rate was 16.20% per year. During the past 5 years, the average E10 Growth Rate was 25.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Chino was 33.00% per year. The lowest was 16.20% per year. And the median was 23.10% per year.

As of today (2024-05-24), Chino's current stock price is 円2547.00. Chino's E10 for the quarter that ended in Dec. 2023 was 円117.42. Chino's Shiller PE Ratio of today is 21.69.

During the past 13 years, the highest Shiller PE Ratio of Chino was 55.64. The lowest was 16.52. And the median was 20.15.


Chino E10 Historical Data

The historical data trend for Chino'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.

Chino E10 Chart

Chino 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 46.07 65.35 76.08 85.97 102.62

Chino 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 97.44 102.62 105.76 110.32 117.42

Competitive Comparison of Chino's E10

For the Scientific & Technical Instruments subindustry, Chino'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.


Chino's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Chino 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, Chino'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)
=56.281/106.8000*106.8000
=56.281

Current CPI (Dec. 2023) = 106.8000.

Chino Quarterly Data

per share eps CPI Adj_EPS
201403 24.650 95.700 27.509
201406 -12.080 98.000 -13.165
201409 18.800 98.500 20.384
201412 13.930 97.900 15.196
201503 25.451 97.900 27.765
201506 -18.150 98.400 -19.699
201509 15.683 98.500 17.005
201512 6.738 98.100 7.336
201603 31.110 97.900 33.938
201606 -19.100 98.100 -20.794
201609 11.800 98.000 12.860
201612 6.500 98.400 7.055
201703 44.420 98.100 48.359
201706 -5.450 98.500 -5.909
201709 25.500 98.800 27.565
201712 21.650 99.400 23.262
201803 56.550 99.200 60.882
201806 8.410 99.200 9.054
201809 33.339 99.900 35.642
201812 32.828 99.700 35.166
201903 56.898 99.700 60.950
201906 -0.360 99.800 -0.385
201909 71.060 100.100 75.816
201912 7.300 100.500 7.758
202003 65.779 100.300 70.042
202006 43.110 99.900 46.088
202009 20.198 99.900 21.593
202012 12.834 99.300 13.803
202103 75.990 99.900 81.239
202106 5.340 99.500 5.732
202109 24.085 100.100 25.697
202112 26.770 100.100 28.562
202203 67.777 101.100 71.598
202206 22.660 101.800 23.773
202209 30.060 103.100 31.139
202212 43.320 104.100 44.444
202303 85.106 104.400 87.062
202306 30.940 105.200 31.411
202309 41.910 106.200 42.147
202312 56.281 106.800 56.281

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


Chino  (TSE:6850) 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.

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

Shiller PE Ratio=Share Price/E10
=2547.00/117.42
=21.69

* 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 Chino was 55.64. The lowest was 16.52. And the median was 20.15.


Be Aware

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


Chino E10 Related Terms

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


Chino (TSE:6850) Business Description

Traded in Other Exchanges
N/A
Address
32-8, Kumano-cho, Itabashi-Ku, Tokyo, JPN, 173-8632
Chino Corp is engaged in the manufacture and sale of instrumentation and control equipment. The product line includes - temperature sensors, infrared radiation thermometers, recorders, data loggers, temperature calibration equipment, fuel cell testing systems, compressor performance testing systems, and instrumentation components.

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