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Disco (TSE:6146) Shiller PE Ratio : 129.79 (As of May. 11, 2024)


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What is Disco Shiller PE Ratio?

As of today (2024-05-11), Disco's current share price is 円50880.00. Disco's E10 for the quarter that ended in Dec. 2023 was 円392.03. Disco's Shiller PE Ratio for today is 129.79.

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

TSE:6146' s Shiller PE Ratio Range Over the Past 10 Years
Min: 25.79   Med: 44.35   Max: 145.7
Current: 118.59

During the past years, Disco's highest Shiller PE Ratio was 145.70. The lowest was 25.79. And the median was 44.35.

TSE:6146's Shiller PE Ratio is ranked worse than
91.63% of 514 companies
in the Semiconductors industry
Industry Median: 28.415 vs TSE:6146: 118.59

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.

Disco's adjusted earnings per share data for the three months ended in Dec. 2023 was 円147.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is 円392.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Disco Shiller PE Ratio Historical Data

The historical data trend for Disco'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.

Disco Shiller PE Ratio Chart

Disco Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.53 54.15 42.38 43.92 -

Disco Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 43.92 62.91 73.08 89.23 -

Competitive Comparison of Disco's Shiller PE Ratio

For the Semiconductor Equipment & Materials subindustry, Disco'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.


Disco's Shiller PE Ratio Distribution in the Semiconductors Industry

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

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



Disco 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.

Disco's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=50880.00/392.03
=129.79

* 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.

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

For example, Disco'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)
=147.79/106.8000*106.8000
=147.790

Current CPI (Dec. 2023) = 106.8000.

Disco Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 31.483 95.700 35.135
201406 37.930 98.000 41.336
201409 56.000 98.500 60.719
201412 40.991 97.900 44.717
201503 55.190 97.900 60.207
201506 60.147 98.400 65.282
201509 51.647 98.500 55.999
201512 40.793 98.100 44.411
201603 61.493 97.900 67.083
201606 53.700 98.100 58.462
201609 56.210 98.000 61.257
201612 33.383 98.400 36.233
201703 80.703 98.100 87.860
201706 98.593 98.500 106.901
201709 87.473 98.800 94.556
201712 66.877 99.400 71.856
201803 90.243 99.200 97.157
201806 76.767 99.200 82.648
201809 74.257 99.900 79.386
201812 57.457 99.700 61.549
201903 57.557 99.700 61.656
201906 53.053 99.800 56.774
201909 67.327 100.100 71.833
201912 58.430 100.500 62.093
202003 76.383 100.300 81.333
202006 59.690 99.900 63.813
202009 93.373 99.900 99.822
202012 83.180 99.300 89.462
202103 124.030 99.900 132.597
202106 97.433 99.500 104.581
202109 165.827 100.100 176.926
202112 155.747 100.100 166.172
202203 190.543 101.100 201.286
202206 147.670 101.800 154.923
202209 226.760 103.100 234.898
202212 152.290 104.100 156.240
202303 236.260 104.400 241.691
202306 116.680 105.200 118.455
202309 184.180 106.200 185.221
202312 147.790 106.800 147.790

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.


Disco  (TSE:6146) 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.


Disco Shiller PE Ratio Related Terms

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


Disco (TSE:6146) Business Description

Traded in Other Exchanges
Address
13-11 Omori-Kita 2-chome, Ota-ku, Tokyo, JPN, 143-8580
Disco Corp is a Japan-based company that manufactures and distributes precision processing and other manufacturing equipment. The firm's product portfolio includes dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, water jet saws, dicing blades, grinding wheels, polishing wheels, and related products. Precision processing equipment, predominantly grinders and dicers, make up roughly half of the firm's sales. The firm generates more than half of its revenue in Asia, with the rest coming from Japan, Europe, and the Americas.

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