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Dai-ichi Life Holdings (FRA:QHH) E10 : €1.55 (As of Sep. 2024)


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What is Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.55 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Dai-ichi Life Holdings's average E10 Growth Rate was 14.50% per year. During the past 3 years, the average E10 Growth Rate was 16.80% per year. During the past 5 years, the average E10 Growth Rate was 15.90% 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 Dai-ichi Life Holdings was 20.50% per year. The lowest was 9.00% per year. And the median was 15.80% per year.

As of today (2025-03-03), Dai-ichi Life Holdings's current stock price is €28.20. Dai-ichi Life Holdings's E10 for the quarter that ended in Sep. 2024 was €1.55. Dai-ichi Life Holdings's Shiller PE Ratio of today is 18.19.

During the past 13 years, the highest Shiller PE Ratio of Dai-ichi Life Holdings was 21.01. The lowest was 8.26. And the median was 13.94.


Dai-ichi Life Holdings E10 Historical Data

The historical data trend for Dai-ichi Life Holdings'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.

Dai-ichi Life Holdings E10 Chart

Dai-ichi Life Holdings 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 0.98 1.25 1.36 1.39 1.42

Dai-ichi Life Holdings 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 1.41 1.42 1.41 1.55 -

Competitive Comparison of Dai-ichi Life Holdings's E10

For the Insurance - Life subindustry, Dai-ichi Life Holdings'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.


Dai-ichi Life Holdings's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dai-ichi Life Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dai-ichi Life Holdings's Shiller PE Ratio falls into.



Dai-ichi Life Holdings 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, Dai-ichi Life Holdings'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)
=0.67/108.9000*108.9000
=0.670

Current CPI (Sep. 2024) = 108.9000.

Dai-ichi Life Holdings Quarterly Data

per share eps CPI Adj_EPS
201412 0.027 97.900 0.030
201503 0.059 97.900 0.066
201506 0.698 98.400 0.772
201509 0.125 98.500 0.138
201512 0.244 98.100 0.271
201603 0.034 97.900 0.038
201606 0.347 98.100 0.385
201609 0.429 98.000 0.477
201612 0.538 98.400 0.595
201703 0.337 98.100 0.374
201706 0.491 98.500 0.543
201709 0.364 98.800 0.401
201712 0.453 99.400 0.496
201803 1.077 99.200 1.182
201806 0.276 99.200 0.303
201809 0.492 99.900 0.536
201812 0.235 99.700 0.257
201903 0.513 99.700 0.560
201906 0.370 99.800 0.404
201909 0.296 100.100 0.322
201912 0.259 100.500 0.281
202003 -0.701 100.300 -0.761
202006 0.298 99.900 0.325
202009 0.305 99.900 0.332
202012 0.581 99.300 0.637
202103 1.375 99.900 1.499
202106 0.945 99.500 1.034
202109 0.293 100.100 0.319
202112 0.837 100.100 0.911
202203 0.857 101.100 0.923
202206 0.616 101.800 0.659
202209 0.212 103.100 0.224
202212 0.228 104.100 0.239
202303 0.148 104.400 0.154
202306 0.447 105.200 0.463
202309 0.581 106.200 0.596
202312 0.395 106.800 0.403
202403 0.660 107.200 0.670
202406 0.846 108.200 0.851
202409 0.670 108.900 0.670

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


Dai-ichi Life Holdings  (FRA:QHH) 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.

Dai-ichi Life Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.20/1.55
=18.19

* 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 Dai-ichi Life Holdings was 21.01. The lowest was 8.26. And the median was 13.94.


Be Aware

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


Dai-ichi Life Holdings E10 Related Terms

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


Dai-ichi Life Holdings Business Description

Traded in Other Exchanges
Address
13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411
Daiichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of around 11% of annualized net premiums. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Daiichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Daiichi Life Vietnam around 5%. Daiichi also holds a 30% economic interest in Mizuho's Asset Management One.

Dai-ichi Life Holdings Headlines

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