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Pasco (TSE:9232) E10 : 円136.26 (As of Dec. 2023)


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What is Pasco 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.

Pasco's adjusted earnings per share data for the three months ended in Dec. 2023 was 円117.175. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円136.26 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Pasco'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 Pasco was 16.00% per year. The lowest was 8.10% per year. And the median was 11.10% per year.

As of today (2024-06-07), Pasco's current stock price is 円1790.00. Pasco's E10 for the quarter that ended in Dec. 2023 was 円136.26. Pasco's Shiller PE Ratio of today is 13.14.

During the past 13 years, the highest Shiller PE Ratio of Pasco was 25.16. The lowest was 9.29. And the median was 13.48.


Pasco E10 Historical Data

The historical data trend for Pasco'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.

Pasco E10 Chart

Pasco 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 95.18 103.69 109.74 130.62 -

Pasco 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 130.62 133.56 126.97 136.26 -

Competitive Comparison of Pasco's E10

For the Specialty Business Services subindustry, Pasco'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.


Pasco's Shiller PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pasco's Shiller PE Ratio distribution charts can be found below:

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



Pasco 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, Pasco'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)
=117.175/106.8000*106.8000
=117.175

Current CPI (Dec. 2023) = 106.8000.

Pasco Quarterly Data

per share eps CPI Adj_EPS
201403 67.891 95.700 75.766
201406 -14.950 98.000 -16.292
201409 27.700 98.500 30.034
201412 -29.400 97.900 -32.073
201503 95.700 97.900 104.400
201506 -41.500 98.400 -45.043
201509 5.946 98.500 6.447
201512 20.700 98.100 22.536
201603 25.925 97.900 28.282
201606 -58.150 98.100 -63.307
201609 -5.100 98.000 -5.558
201612 -17.321 98.400 -18.800
201703 44.200 98.100 48.120
201706 -56.100 98.500 -60.827
201709 -18.913 98.800 -20.444
201712 6.170 99.400 6.629
201803 138.164 99.200 148.749
201806 -57.830 99.200 -62.261
201809 -17.890 99.900 -19.126
201812 51.290 99.700 54.943
201903 115.655 99.700 123.891
201906 -29.380 99.800 -31.441
201909 77.311 100.100 82.486
201912 95.280 100.500 101.253
202003 97.436 100.300 103.750
202006 -7.570 99.900 -8.093
202009 24.827 99.900 26.542
202012 72.550 99.300 78.030
202103 136.080 99.900 145.479
202106 -17.860 99.500 -19.170
202109 2.240 100.100 2.390
202112 67.130 100.100 71.623
202203 110.400 101.100 116.624
202206 31.250 101.800 32.785
202209 1.873 103.100 1.940
202212 90.874 104.100 93.231
202303 160.390 104.400 164.077
202306 14.010 105.200 14.223
202309 -36.190 106.200 -36.394
202312 117.175 106.800 117.175

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


Pasco  (TSE:9232) 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.

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

Shiller PE Ratio=Share Price/E10
=1790.00/136.26
=13.14

* 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 Pasco was 25.16. The lowest was 9.29. And the median was 13.48.


Be Aware

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


Pasco E10 Related Terms

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


Pasco (TSE:9232) Business Description

Traded in Other Exchanges
N/A
Address
1-1-2, Higashiyama Higashiyama building, Meguro-ku, Tokyo, JPN, 153-0043
Pasco Corp is a Japan-based company engaged in the business of acquisition and processing of geospatial information. Principally, it offers spaceborne services, airborne surveying, vehicle and ground surveying, water area surveying and many more. In addition, the company also provides geographic information system cloud services and geospatial information consulting services. It also produces spatial information data which assists in various fields such as printing, broadcasting, and publishing.

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