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Denso (DNZOY) E10 : $0.54 (As of Dec. 2024)


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What is Denso 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.

Denso's adjusted earnings per share data for the three months ended in Dec. 2024 was $0.273. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.54 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Denso's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 5.20% per year. During the past 5 years, the average E10 Growth Rate was 3.40% 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 Denso was 5.20% per year. The lowest was -22.30% per year. And the median was -2.00% per year.

As of today (2025-03-03), Denso's current stock price is $12.94. Denso's E10 for the quarter that ended in Dec. 2024 was $0.54. Denso's Shiller PE Ratio of today is 23.96.

During the past 13 years, the highest Shiller PE Ratio of Denso was 38.44. The lowest was 5.81. And the median was 21.88.


Denso E10 Historical Data

The historical data trend for Denso'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.

Denso E10 Chart

Denso 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 0.63 0.62 0.60 0.60 0.53

Denso Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.54 0.53 0.51 0.58 0.54

Competitive Comparison of Denso's E10

For the Auto Parts subindustry, Denso'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.


Denso's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Denso's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.273/110.7000*110.7000
=0.273

Current CPI (Dec. 2024) = 110.7000.

Denso Quarterly Data

per share eps CPI Adj_EPS
201503 0.184 97.900 0.208
201506 0.187 98.400 0.210
201509 0.102 98.500 0.115
201512 0.203 98.100 0.229
201603 0.148 97.900 0.167
201606 0.138 98.100 0.156
201609 0.159 98.000 0.180
201612 0.256 98.400 0.288
201703 0.188 98.100 0.212
201706 0.220 98.500 0.247
201709 0.224 98.800 0.251
201712 0.276 99.400 0.307
201803 0.209 99.200 0.233
201806 0.225 99.200 0.251
201809 0.105 99.900 0.116
201812 0.223 99.700 0.248
201903 0.181 99.700 0.201
201906 0.171 99.800 0.190
201909 0.141 100.100 0.156
201912 0.094 100.500 0.104
202003 -0.204 100.300 -0.225
202006 -0.270 99.900 -0.299
202009 0.058 99.900 0.064
202012 0.355 99.300 0.396
202103 0.243 99.900 0.269
202106 0.262 99.500 0.291
202109 0.069 100.100 0.076
202112 0.231 100.100 0.255
202203 0.195 101.100 0.214
202206 0.127 101.800 0.138
202209 0.031 103.100 0.033
202212 0.227 104.100 0.241
202303 0.291 104.400 0.309
202306 0.202 105.200 0.213
202309 0.047 106.200 0.049
202312 0.016 106.800 0.017
202403 0.309 107.200 0.319
202406 0.206 108.200 0.211
202409 0.232 108.900 0.236
202412 0.273 110.700 0.273

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


Denso  (OTCPK:DNZOY) 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.

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

Shiller PE Ratio=Share Price/E10
=12.94/0.54
=23.96

* 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 Denso was 38.44. The lowest was 5.81. And the median was 21.88.


Be Aware

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


Denso E10 Related Terms

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


Denso Business Description

Traded in Other Exchanges
Address
1-1 Showa-cho, Kariya, JPN, 448-8661
Denso manufactures and sells mainly automotive components and systems. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility electronics, and sensors/semiconductor systems. The company operates globally and is headquartered in Kariya, Japan.