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TORQ (TSE:8077) E10 : 円18.67 (As of Jan. 2024)


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What is TORQ 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.

TORQ's adjusted earnings per share data for the three months ended in Jan. 2024 was 円3.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円18.67 for the trailing ten years ended in Jan. 2024.

During the past 12 months, TORQ's average E10 Growth Rate was 7.50% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 6.40% 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 TORQ was 8.60% per year. The lowest was 0.20% per year. And the median was 6.70% per year.

As of today (2024-06-10), TORQ's current stock price is 円233.00. TORQ's E10 for the quarter that ended in Jan. 2024 was 円18.67. TORQ's Shiller PE Ratio of today is 12.48.

During the past 13 years, the highest Shiller PE Ratio of TORQ was 37.15. The lowest was 10.72. And the median was 15.58.


TORQ E10 Historical Data

The historical data trend for TORQ'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.

TORQ E10 Chart

TORQ Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.04 15.62 15.78 17.13 18.97

TORQ Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 17.37 18.00 18.51 18.97 18.67

Competitive Comparison of TORQ's E10

For the Industrial Distribution subindustry, TORQ'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.


TORQ's Shiller PE Ratio Distribution in the Industrial Distribution Industry

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

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



TORQ 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, TORQ's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=3.16/106.9000*106.9000
=3.160

Current CPI (Jan. 2024) = 106.9000.

TORQ Quarterly Data

per share eps CPI Adj_EPS
201404 4.230 97.700 4.628
201407 1.880 98.100 2.049
201410 3.099 98.200 3.374
201501 3.850 97.800 4.208
201504 5.840 98.400 6.344
201507 2.040 98.300 2.218
201510 6.186 98.500 6.714
201601 2.370 97.700 2.593
201604 11.840 98.100 12.902
201607 2.502 97.900 2.732
201610 5.030 98.600 5.453
201701 3.440 98.200 3.745
201704 5.700 98.500 6.186
201707 6.690 98.300 7.275
201710 6.470 98.800 7.000
201801 3.600 99.500 3.868
201804 5.720 99.100 6.170
201807 4.830 99.200 5.205
201810 8.470 100.200 9.036
201901 4.660 99.700 4.997
201904 5.050 100.000 5.398
201907 3.253 99.800 3.484
201910 5.470 100.400 5.824
202001 1.800 100.500 1.915
202004 0.680 100.200 0.725
202007 0.020 100.000 0.021
202010 -7.895 99.800 -8.457
202101 -0.420 99.800 -0.450
202104 -0.480 99.100 -0.518
202107 3.086 99.700 3.309
202110 8.270 99.900 8.849
202201 2.670 100.300 2.846
202204 3.270 101.500 3.444
202207 2.810 102.300 2.936
202210 12.719 103.700 13.111
202301 5.800 104.700 5.922
202304 11.040 105.100 11.229
202307 8.010 105.700 8.101
202310 9.200 107.100 9.183
202401 3.160 106.900 3.160

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


TORQ  (TSE:8077) 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.

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

Shiller PE Ratio=Share Price/E10
=233.00/18.67
=12.48

* 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 TORQ was 37.15. The lowest was 10.72. And the median was 15.58.


Be Aware

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


TORQ E10 Related Terms

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


TORQ (TSE:8077) Business Description

Traded in Other Exchanges
N/A
Address
2-7-4, Minamihorie, Nishi-ku, Osaka-shi, Osaka, JPN, 550-0015
TORQ Inc is engaged in the domestic sale of rivet screws, fastening products and others. The company's products include Zinc hat series, Anchor birds, New lock anchor, Round lock nut/ bolts, Line cap, and others.

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