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Toyota Motor (FRA:TOM) E10 : €1.28 (As of Dec. 2024)


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What is Toyota Motor 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.

Toyota Motor's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.029. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.28 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Toyota Motor's average E10 Growth Rate was 17.10% per year. During the past 3 years, the average E10 Growth Rate was 15.20% per year. During the past 5 years, the average E10 Growth Rate was 14.10% per year. During the past 10 years, the average E10 Growth Rate was 12.40% 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 Toyota Motor was 24.50% per year. The lowest was -4.70% per year. And the median was 10.30% per year.

As of today (2025-03-18), Toyota Motor's current stock price is €17.386. Toyota Motor's E10 for the quarter that ended in Dec. 2024 was €1.28. Toyota Motor's Shiller PE Ratio of today is 13.58.

During the past 13 years, the highest Shiller PE Ratio of Toyota Motor was 26.45. The lowest was 11.33. And the median was 15.46.


Toyota Motor E10 Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor E10 Chart

Toyota Motor 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 0.92 0.94 1.05 1.08 1.14

Toyota Motor 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 1.14 1.14 1.13 1.24 1.28

Competitive Comparison of Toyota Motor's E10

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Shiller PE Ratio distribution charts can be found below:

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



Toyota Motor 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, Toyota Motor's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.029/110.7000*110.7000
=1.029

Current CPI (Dec. 2024) = 110.7000.

Toyota Motor Quarterly Data

per share eps CPI Adj_EPS
201503 0.218 97.900 0.247
201506 0.296 98.400 0.333
201509 0.286 98.500 0.321
201512 0.301 98.100 0.340
201603 0.220 97.900 0.249
201606 0.303 98.100 0.342
201609 0.225 98.000 0.254
201612 0.261 98.400 0.294
201703 0.218 98.100 0.246
201706 0.326 98.500 0.366
201709 0.232 98.800 0.260
201712 0.471 99.400 0.525
201803 0.249 99.200 0.278
201806 0.346 99.200 0.386
201809 0.306 99.900 0.339
201812 0.097 99.700 0.108
201903 0.254 99.700 0.282
201906 0.354 99.800 0.393
201909 0.316 100.100 0.349
201912 0.328 100.500 0.361
202003 0.198 100.300 0.219
202006 0.094 99.900 0.104
202009 0.268 99.900 0.297
202012 0.469 99.300 0.523
202103 0.424 99.900 0.470
202106 0.484 99.500 0.538
202109 0.347 100.100 0.384
202112 0.445 100.100 0.492
202203 0.297 101.100 0.325
202206 0.379 101.800 0.412
202209 0.224 103.100 0.241
202212 0.374 104.100 0.398
202303 0.284 104.400 0.301
202306 0.632 105.200 0.665
202309 0.599 106.200 0.624
202312 0.641 106.800 0.664
202403 0.455 107.200 0.470
202406 0.583 108.200 0.596
202409 0.272 108.900 0.276
202412 1.029 110.700 1.029

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


Toyota Motor  (FRA:TOM) 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.

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

Shiller PE Ratio=Share Price/E10
=17.386/1.28
=13.58

* 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 Toyota Motor was 26.45. The lowest was 11.33. And the median was 15.46.


Be Aware

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


Toyota Motor E10 Related Terms

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


Toyota Motor Business Description

Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.1 million units sold at retail in fiscal 2024, including 10.3 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 52% excluding mini-vehicles, while US share is around 15%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2024 sales excluding financial services were JPY 41.6 trillion. Toyota also has a financing arm and manufactures homes and boats.

Toyota Motor Headlines

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