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Otsuka (FRA:OTK) E10 : €0.59 (As of Mar. 2024)


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What is Otsuka 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.

Otsuka's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.189. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Otsuka's average E10 Growth Rate was 8.80% per year. During the past 3 years, the average E10 Growth Rate was 10.80% per year. During the past 5 years, the average E10 Growth Rate was 11.50% 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 Otsuka was 12.50% per year. The lowest was -9.60% per year. And the median was 10.75% per year.

As of today (2024-05-22), Otsuka's current stock price is €16.70. Otsuka's E10 for the quarter that ended in Mar. 2024 was €0.59. Otsuka's Shiller PE Ratio of today is 28.31.

During the past 13 years, the highest Shiller PE Ratio of Otsuka was 43.03. The lowest was 20.22. And the median was 31.65.


Otsuka E10 Historical Data

The historical data trend for Otsuka'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.

Otsuka E10 Chart

Otsuka Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.55 0.60 0.62 0.61

Otsuka 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 0.62 0.57 0.59 0.61 0.59

Competitive Comparison of Otsuka's E10

For the Electronics & Computer Distribution subindustry, Otsuka'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.


Otsuka's Shiller PE Ratio Distribution in the Hardware Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.189/107.2000*107.2000
=0.189

Current CPI (Mar. 2024) = 107.2000.

Otsuka Quarterly Data

per share eps CPI Adj_EPS
201406 0.143 98.000 0.156
201409 0.046 98.500 0.050
201412 0.108 97.900 0.118
201503 0.116 97.900 0.127
201506 0.170 98.400 0.185
201509 0.060 98.500 0.065
201512 0.119 98.100 0.130
201603 0.136 97.900 0.149
201606 0.211 98.100 0.231
201609 0.087 98.000 0.095
201612 0.150 98.400 0.163
201703 0.176 98.100 0.192
201706 0.222 98.500 0.242
201709 0.097 98.800 0.105
201712 0.161 99.400 0.174
201803 0.163 99.200 0.176
201806 0.220 99.200 0.238
201809 0.102 99.900 0.109
201812 0.202 99.700 0.217
201903 0.211 99.700 0.227
201906 0.291 99.800 0.313
201909 0.194 100.100 0.208
201912 0.245 100.500 0.261
202003 0.241 100.300 0.258
202006 0.216 99.900 0.232
202009 0.163 99.900 0.175
202012 0.226 99.300 0.244
202103 0.234 99.900 0.251
202106 0.242 99.500 0.261
202109 0.127 100.100 0.136
202112 0.205 100.100 0.220
202203 0.212 101.100 0.225
202206 0.230 101.800 0.242
202209 0.128 103.100 0.133
202212 0.190 104.100 0.196
202303 0.214 104.400 0.220
202306 0.238 105.200 0.243
202309 0.129 106.200 0.130
202312 0.240 106.800 0.241
202403 0.189 107.200 0.189

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


Otsuka  (FRA:OTK) 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.

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

Shiller PE Ratio=Share Price/E10
=16.70/0.59
=28.31

* 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 Otsuka was 43.03. The lowest was 20.22. And the median was 31.65.


Be Aware

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


Otsuka E10 Related Terms

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


Otsuka (FRA:OTK) Business Description

Traded in Other Exchanges
Address
2-18-4 Iidabashi, Chiyoda-ku, Tokyo, JPN, 102-8573
Otsuka Corp is a Japan-based provider of system integration services. The firm's operations are organized in three segments: system integration, service and support, and others. System integration generates a majority of the firm's revenue; it sells computers, copiers, communication equipment, and software and offers consulting services. Service and support provides office supplies, maintenance, and educational support. Others includes automobile maintenance, an insurance agency, and other small businesses.

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