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Maruwa Co (FRA:6X5) E10 : €3.96 (As of Dec. 2023)


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What is Maruwa Co 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.

Maruwa Co's adjusted earnings per share data for the three months ended in Dec. 2023 was €1.975. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.96 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maruwa Co'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 Maruwa Co was 23.70% per year. The lowest was 19.40% per year. And the median was 19.70% per year.

As of today (2024-06-21), Maruwa Co's current stock price is €230.00. Maruwa Co's E10 for the quarter that ended in Dec. 2023 was €3.96. Maruwa Co's Shiller PE Ratio of today is 58.08.

During the past 13 years, the highest Shiller PE Ratio of Maruwa Co was 61.38. The lowest was 19.29. And the median was 36.29.


Maruwa Co E10 Historical Data

The historical data trend for Maruwa Co'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.

Maruwa Co E10 Chart

Maruwa Co 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 - 2.34 2.92 3.51 -

Maruwa Co 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 3.51 3.36 3.57 3.96 -

Competitive Comparison of Maruwa Co's E10

For the Electronic Components subindustry, Maruwa Co'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.


Maruwa Co's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maruwa Co's Shiller PE Ratio distribution charts can be found below:

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



Maruwa Co 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, Maruwa Co'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)
=1.975/106.8000*106.8000
=1.975

Current CPI (Dec. 2023) = 106.8000.

Maruwa Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.398 95.700 0.444
201406 0.209 98.000 0.228
201409 0.233 98.500 0.253
201412 0.349 97.900 0.381
201503 -0.315 97.900 -0.344
201506 0.258 98.400 0.280
201509 0.246 98.500 0.267
201512 0.496 98.100 0.540
201603 0.401 97.900 0.437
201606 0.348 98.100 0.379
201609 0.456 98.000 0.497
201612 0.703 98.400 0.763
201703 0.426 98.100 0.464
201706 0.701 98.500 0.760
201709 0.958 98.800 1.036
201712 1.061 99.400 1.140
201803 0.710 99.200 0.764
201806 0.950 99.200 1.023
201809 1.066 99.900 1.140
201812 1.018 99.700 1.090
201903 1.245 99.700 1.334
201906 1.006 99.800 1.077
201909 0.926 100.100 0.988
201912 0.815 100.500 0.866
202003 1.232 100.300 1.312
202006 0.968 99.900 1.035
202009 1.114 99.900 1.191
202012 1.235 99.300 1.328
202103 1.163 99.900 1.243
202106 1.351 99.500 1.450
202109 2.099 100.100 2.239
202112 2.485 100.100 2.651
202203 2.382 101.100 2.516
202206 2.340 101.800 2.455
202209 2.580 103.100 2.673
202212 1.889 104.100 1.938
202303 1.748 104.400 1.788
202306 1.507 105.200 1.530
202309 2.019 106.200 2.030
202312 1.975 106.800 1.975

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


Maruwa Co  (FRA:6X5) 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.

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

Shiller PE Ratio=Share Price/E10
=230.00/3.96
=58.08

* 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 Maruwa Co was 61.38. The lowest was 19.29. And the median was 36.29.


Be Aware

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


Maruwa Co E10 Related Terms

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


Maruwa Co (FRA:6X5) Business Description

Traded in Other Exchanges
Address
3-83, Minamihonjigahara-cho, Aichi, Owariasahi, JPN, 488-0044
Maruwa Co Ltd engages in production and sale of ceramics and electronics parts. The company operates in four business divisions namely Ceramics that produces ceramic substrates, designs, and patterns circuit on substrates, processes components mounting, Electronic Components/Devices that produce radio frequency components or devices such as EMI filters, magnetic sheets, inductors, and EMC components, Quartz Glass that produces quartz glass products, including quartz boats and tubes for semiconductor industry, multi-walled piping burner for optical fiber, and machined products, and Light-Emitting Diode that produces light-emitting diode lighting fixtures including street lighting, lighting for interior and high ceiling.

Maruwa Co (FRA:6X5) Headlines

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