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Noritake Co (FRA:NO4) E10 : €1.75 (As of Sep. 2024)


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What is Noritake 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.

Noritake Co's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.75 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Noritake Co's average E10 Growth Rate was 16.60% per year. During the past 3 years, the average E10 Growth Rate was 15.90% per year. During the past 5 years, the average E10 Growth Rate was 12.70% 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 Noritake Co was 42.40% per year. The lowest was 9.90% per year. And the median was 13.25% per year.

As of today (2025-03-17), Noritake Co's current stock price is €21.80. Noritake Co's E10 for the quarter that ended in Sep. 2024 was €1.75. Noritake Co's Shiller PE Ratio of today is 12.46.

During the past 13 years, the highest Shiller PE Ratio of Noritake Co was 106.19. The lowest was 8.84. And the median was 13.58.


Noritake Co E10 Historical Data

The historical data trend for Noritake 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.

Noritake Co E10 Chart

Noritake 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 1.34 1.25 1.32 1.47 1.53

Noritake Co 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 1.57 1.53 1.54 1.75 -

Competitive Comparison of Noritake Co's E10

For the Conglomerates subindustry, Noritake 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.


Noritake Co's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noritake Co's Shiller PE Ratio distribution charts can be found below:

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



Noritake 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, Noritake Co'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)
=0.61/108.9000*108.9000
=0.610

Current CPI (Sep. 2024) = 108.9000.

Noritake Co Quarterly Data

per share eps CPI Adj_EPS
201412 0.143 97.900 0.159
201503 0.206 97.900 0.229
201506 0.208 98.400 0.230
201509 0.404 98.500 0.447
201512 0.260 98.100 0.289
201603 0.285 97.900 0.317
201606 0.115 98.100 0.128
201609 0.175 98.000 0.194
201612 0.284 98.400 0.314
201703 0.613 98.100 0.680
201706 0.386 98.500 0.427
201709 0.285 98.800 0.314
201712 0.552 99.400 0.605
201803 2.343 99.200 2.572
201806 0.633 99.200 0.695
201809 0.455 99.900 0.496
201812 0.596 99.700 0.651
201903 0.944 99.700 1.031
201906 0.550 99.800 0.600
201909 0.254 100.100 0.276
201912 0.363 100.500 0.393
202003 -0.201 100.300 -0.218
202006 0.157 99.900 0.171
202009 -0.159 99.900 -0.173
202012 0.305 99.300 0.334
202103 0.460 99.900 0.501
202106 0.583 99.500 0.638
202109 0.527 100.100 0.573
202112 0.765 100.100 0.832
202203 0.537 101.100 0.578
202206 0.659 101.800 0.705
202209 0.606 103.100 0.640
202212 0.826 104.100 0.864
202303 0.348 104.400 0.363
202306 0.687 105.200 0.711
202309 0.602 106.200 0.617
202312 0.721 106.800 0.735
202403 0.509 107.200 0.517
202406 0.659 108.200 0.663
202409 0.610 108.900 0.610

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


Noritake Co  (FRA:NO4) 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.

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

Shiller PE Ratio=Share Price/E10
=21.80/1.75
=12.46

* 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 Noritake Co was 106.19. The lowest was 8.84. And the median was 13.58.


Be Aware

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


Noritake Co E10 Related Terms

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


Noritake Co Business Description

Traded in Other Exchanges
Address
3-1-36, Noritake-shinmachi, Nishi-ku, Nagoya-shi, Aichi, JPN, 451-8501
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.

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