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Kaneka (FRA:KKA) E10 : €2.11 (As of Sep. 2024)


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What is Kaneka 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.

Kaneka's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.304. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.11 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kaneka's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was 10.50% per year. During the past 5 years, the average E10 Growth Rate was 8.00% 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 Kaneka was 10.50% per year. The lowest was 6.80% per year. And the median was 8.60% per year.

As of today (2025-03-14), Kaneka's current stock price is €22.00. Kaneka's E10 for the quarter that ended in Sep. 2024 was €2.11. Kaneka's Shiller PE Ratio of today is 10.43.

During the past 13 years, the highest Shiller PE Ratio of Kaneka was 29.90. The lowest was 9.30. And the median was 13.30.


Kaneka E10 Historical Data

The historical data trend for Kaneka'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.

Kaneka E10 Chart

Kaneka 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 2.08 1.86 2.04 2.10 1.98

Kaneka 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 2.00 1.98 1.95 2.11 -

Competitive Comparison of Kaneka's E10

For the Specialty Chemicals subindustry, Kaneka'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.


Kaneka's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kaneka's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.304/108.9000*108.9000
=0.304

Current CPI (Sep. 2024) = 108.9000.

Kaneka Quarterly Data

per share eps CPI Adj_EPS
201412 0.465 97.900 0.517
201503 0.909 97.900 1.011
201506 0.553 98.400 0.612
201509 0.529 98.500 0.585
201512 0.735 98.100 0.816
201603 0.549 97.900 0.611
201606 0.585 98.100 0.649
201609 0.598 98.000 0.665
201612 0.468 98.400 0.518
201703 0.938 98.100 1.041
201706 0.579 98.500 0.640
201709 0.559 98.800 0.616
201712 0.698 99.400 0.765
201803 0.680 99.200 0.746
201806 0.745 99.200 0.818
201809 0.512 99.900 0.558
201812 0.476 99.700 0.520
201903 0.916 99.700 1.001
201906 0.438 99.800 0.478
201909 0.330 100.100 0.359
201912 0.402 100.500 0.436
202003 0.614 100.300 0.667
202006 0.055 99.900 0.060
202009 0.251 99.900 0.274
202012 0.870 99.300 0.954
202103 0.729 99.900 0.795
202106 0.894 99.500 0.978
202109 0.827 100.100 0.900
202112 0.862 100.100 0.938
202203 0.523 101.100 0.563
202206 1.136 101.800 1.215
202209 0.643 103.100 0.679
202212 0.237 104.100 0.248
202303 0.439 104.400 0.458
202306 0.426 105.200 0.441
202309 0.453 106.200 0.465
202312 0.444 106.800 0.453
202403 0.924 107.200 0.939
202406 0.658 108.200 0.662
202409 0.304 108.900 0.304

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


Kaneka  (FRA:KKA) 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.

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

Shiller PE Ratio=Share Price/E10
=22.00/2.11
=10.43

* 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 Kaneka was 29.90. The lowest was 9.30. And the median was 13.30.


Be Aware

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


Kaneka E10 Related Terms

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


Kaneka Business Description

Traded in Other Exchanges
Address
3-2-4, Nakanoshima, Kita-ku, Osaka, JPN, 530-8288
Kaneka Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The company organizes itself into seven segments based on product type. The foodstuffs segment, which generates more revenue than any other segment, sells margarine, shortening, bakery yeast and spices. The chemicals segment sells polyvinyl chloride used in pipes and flooring. The functional and expandable products segments sell polystyrene- and silicone-based products. The life science products segment sells medical devices, which include balloon catheters for vessel stenosis, and pharmaceutical ingredients. The electronic products segment sells heat resistant films and optical materials. The synthetic fibers segment sells fibers used to make apparel. The majority of revenue comes from Japan.

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