GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Howa Bank Ltd (FSE:8559) » Definitions » Shiller PE Ratio

Howa Bank (FSE:8559) Shiller PE Ratio : 291.98 (As of May. 21, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Howa Bank Shiller PE Ratio?

As of today (2024-05-21), Howa Bank's current share price is 円473.00. Howa Bank's E10 for the quarter that ended in Dec. 2023 was 円1.62. Howa Bank's Shiller PE Ratio for today is 291.98.

The historical rank and industry rank for Howa Bank's Shiller PE Ratio or its related term are showing as below:

FSE:8559' s Shiller PE Ratio Range Over the Past 10 Years
Min: 291.34   Med: 299.69   Max: 306.79
Current: 291.34

During the past years, Howa Bank's highest Shiller PE Ratio was 306.79. The lowest was 291.34. And the median was 299.69.

FSE:8559's Shiller PE Ratio is ranked worse than
99.65% of 1140 companies
in the Banks industry
Industry Median: 10.335 vs FSE:8559: 291.34

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Howa Bank's adjusted earnings per share data for the three months ended in Dec. 2023 was 円98.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is 円1.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Howa Bank Shiller PE Ratio Historical Data

The historical data trend for Howa Bank's Shiller PE Ratio 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.

Howa Bank Shiller PE Ratio Chart

Howa Bank Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Howa Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio 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 - - - - 300.58

Competitive Comparison of Howa Bank's Shiller PE Ratio

For the Banks - Regional subindustry, Howa Bank'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.


Howa Bank's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Howa Bank's Shiller PE Ratio distribution charts can be found below:

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



Howa Bank Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Howa Bank's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=473.00/1.62
=291.98

* 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.

Howa Bank's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Howa Bank'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)
=98.06/106.8000*106.8000
=98.060

Current CPI (Dec. 2023) = 106.8000.

Howa Bank Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 -11.700 95.700 -13.057
201406 11.200 98.000 12.206
201409 -8.300 98.500 -8.999
201412 6.800 97.900 7.418
201503 -15.500 97.900 -16.909
201506 3.400 98.400 3.690
201509 40.149 98.500 43.532
201512 -6.800 98.100 -7.403
201603 31.700 97.900 34.582
201606 9.000 98.100 9.798
201609 -24.568 98.000 -26.774
201612 102.300 98.400 111.033
201703 -81.900 98.100 -89.163
201706 18.100 98.500 19.625
201709 -39.654 98.800 -42.865
201712 33.310 99.400 35.790
201803 -63.100 99.200 -67.934
201806 21.600 99.200 23.255
201809 14.745 99.900 15.763
201812 55.094 99.700 59.017
201903 -93.390 99.700 -100.041
201906 12.310 99.800 13.173
201909 31.530 100.100 33.640
201912 38.654 100.500 41.077
202003 -170.150 100.300 -181.177
202006 20.460 99.900 21.873
202009 -14.919 99.900 -15.949
202012 81.320 99.300 87.462
202103 -120.180 99.900 -128.481
202106 14.030 99.500 15.059
202109 42.391 100.100 45.228
202112 112.210 100.100 119.721
202203 -178.860 101.100 -188.944
202206 10.480 101.800 10.995
202209 -1.720 103.100 -1.782
202212 91.050 104.100 93.412
202303 -11.940 104.400 -12.214
202306 13.310 105.200 13.512
202309 -50.708 106.200 -50.994
202312 98.060 106.800 98.060

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


Howa Bank  (FSE:8559) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Howa Bank Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Howa Bank's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Howa Bank (FSE:8559) Business Description

Traded in Other Exchanges
N/A
Address
Oita-shi Ojiyakamachi 4th No. 10, Oita, JPN, 870-8686
Howa Bank Ltd is a Japan based regional bank. It provides banking products and services in Japan. Its deposit products include general account, saving account, current account, and property accumulation housing savings deposit. It offers housing loan, reform loan, card loan, free loan, education loan and auto loans. It also provides insurance services.

Howa Bank (FSE:8559) Headlines

No Headlines