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Argo Graphics (TSE:7595) E10 : 円174.61 (As of Dec. 2023)


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What is Argo Graphics 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.

Argo Graphics's adjusted earnings per share data for the three months ended in Dec. 2023 was 円72.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円174.61 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Argo Graphics'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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Argo Graphics was 58.00% per year. The lowest was 17.00% per year. And the median was 17.90% per year.

As of today (2024-06-10), Argo Graphics's current stock price is 円4430.00. Argo Graphics's E10 for the quarter that ended in Dec. 2023 was 円174.61. Argo Graphics's Shiller PE Ratio of today is 25.37.

During the past 13 years, the highest Shiller PE Ratio of Argo Graphics was 68.85. The lowest was 18.46. And the median was 27.99.


Argo Graphics E10 Historical Data

The historical data trend for Argo Graphics'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.

Argo Graphics E10 Chart

Argo Graphics 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 96.41 110.94 131.34 154.22 -

Argo Graphics 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 154.22 161.21 167.93 174.61 -

Competitive Comparison of Argo Graphics's E10

For the Information Technology Services subindustry, Argo Graphics'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.


Argo Graphics's Shiller PE Ratio Distribution in the Software Industry

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

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



Argo Graphics 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, Argo Graphics'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)
=72.21/106.8000*106.8000
=72.210

Current CPI (Dec. 2023) = 106.8000.

Argo Graphics Quarterly Data

per share eps CPI Adj_EPS
201403 25.380 95.700 28.324
201406 18.780 98.000 20.466
201409 19.720 98.500 21.382
201412 12.270 97.900 13.385
201503 42.040 97.900 45.862
201506 16.685 98.400 18.109
201509 23.060 98.500 25.003
201512 10.155 98.100 11.056
201603 28.310 97.900 30.884
201606 24.110 98.100 26.248
201609 25.680 98.000 27.986
201612 20.440 98.400 22.185
201703 28.630 98.100 31.169
201706 28.760 98.500 31.183
201709 28.810 98.800 31.143
201712 25.545 99.400 27.447
201803 37.845 99.200 40.744
201806 43.610 99.200 46.951
201809 35.480 99.900 37.931
201812 42.850 99.700 45.902
201903 43.390 99.700 46.480
201906 53.480 99.800 57.231
201909 51.010 100.100 54.424
201912 48.920 100.500 51.987
202003 43.930 100.300 46.777
202006 47.270 99.900 50.535
202009 44.690 99.900 47.777
202012 33.220 99.300 35.729
202103 60.320 99.900 64.486
202106 57.710 99.500 61.944
202109 47.060 100.100 50.210
202112 36.900 100.100 39.370
202203 69.710 101.100 73.640
202206 66.610 101.800 69.882
202209 54.180 103.100 56.124
202212 49.900 104.100 51.194
202303 83.210 104.400 85.123
202306 74.020 105.200 75.146
202309 72.050 106.200 72.457
202312 72.210 106.800 72.210

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


Argo Graphics  (TSE:7595) 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.

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

Shiller PE Ratio=Share Price/E10
=4430.00/174.61
=25.37

* 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 Argo Graphics was 68.85. The lowest was 18.46. And the median was 27.99.


Be Aware

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


Argo Graphics E10 Related Terms

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


Argo Graphics (TSE:7595) Business Description

Traded in Other Exchanges
N/A
Address
5-14 Nihombashi-hakozaki-cho, Tokyo, JPN, 103-0015
Argo Graphics Inc provides technical solutions such as HPC solutions and IT solutions including PLM solutions.

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