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AITUY (Anritsu) E10 : $0.36 (As of Dec. 2024)


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What is Anritsu 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.

Anritsu's adjusted earnings per share data for the three months ended in Dec. 2024 was $0.132. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.36 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Anritsu's average E10 Growth Rate was 3.10% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 8.10% 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 Anritsu was 23.60% per year. The lowest was 1.90% per year. And the median was 11.15% per year.

As of today (2025-04-03), Anritsu's current stock price is $8.56. Anritsu's E10 for the quarter that ended in Dec. 2024 was $0.36. Anritsu's Shiller PE Ratio of today is 23.78.

During the past 13 years, the highest Shiller PE Ratio of Anritsu was 54.16. The lowest was 15.03. And the median was 32.62.


Anritsu E10 Historical Data

The historical data trend for Anritsu'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.

Anritsu E10 Chart

Anritsu 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 - 0.60 0.57 0.50 0.44

Anritsu 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 0.47 0.44 0.39 0.46 0.36

Competitive Comparison of Anritsu's E10

For the Scientific & Technical Instruments subindustry, Anritsu'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.


Anritsu's Shiller PE Ratio Distribution in the Hardware Industry

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

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


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Anritsu 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, Anritsu'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)
=0.132/110.7000*110.7000
=0.132

Current CPI (Dec. 2024) = 110.7000.

Anritsu Quarterly Data

per share eps CPI Adj_EPS
201503 0.138 97.900 0.156
201506 0.067 98.400 0.075
201509 0.074 98.500 0.083
201512 0.093 98.100 0.105
201603 -0.010 97.900 -0.011
201606 0.000 98.100 0.000
201609 -0.007 98.000 -0.008
201612 0.050 98.400 0.056
201703 0.129 98.100 0.146
201706 -0.015 98.500 -0.017
201709 0.027 98.800 0.030
201712 0.082 99.400 0.091
201803 0.097 99.200 0.108
201806 0.112 99.200 0.125
201809 0.093 99.900 0.103
201812 0.203 99.700 0.225
201903 0.177 99.700 0.197
201906 0.120 99.800 0.133
201909 0.195 100.100 0.216
201912 0.243 100.500 0.268
202003 0.341 100.300 0.376
202006 0.238 99.900 0.264
202009 0.244 99.900 0.270
202012 0.237 99.300 0.264
202103 0.379 99.900 0.420
202106 0.138 99.500 0.154
202109 0.224 100.100 0.248
202112 0.176 100.100 0.195
202203 0.288 101.100 0.315
202206 0.162 101.800 0.176
202209 0.116 103.100 0.125
202212 0.065 104.100 0.069
202303 0.171 104.400 0.181
202306 0.013 105.200 0.014
202309 0.130 106.200 0.136
202312 0.060 106.800 0.062
202403 0.190 107.200 0.196
202406 0.034 108.200 0.035
202409 0.081 108.900 0.082
202412 0.132 110.700 0.132

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


Anritsu  (OTCPK:AITUY) 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.

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

Shiller PE Ratio=Share Price/E10
=8.56/0.36
=23.78

* 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 Anritsu was 54.16. The lowest was 15.03. And the median was 32.62.


Be Aware

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


Anritsu E10 Related Terms

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


Anritsu Business Description

Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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