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IWTNF (Iwatani) E10 : $0.76 (As of Sep. 2024)


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What is Iwatani 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.

Iwatani's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.106. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.76 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Iwatani's average E10 Growth Rate was 19.70% per year. During the past 3 years, the average E10 Growth Rate was 15.80% per year. During the past 5 years, the average E10 Growth Rate was 13.70% 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 Iwatani was 15.80% per year. The lowest was 11.70% per year. And the median was 12.85% per year.

As of today (2024-12-14), Iwatani's current stock price is $13.50. Iwatani's E10 for the quarter that ended in Sep. 2024 was $0.76. Iwatani's Shiller PE Ratio of today is 17.76.

During the past 13 years, the highest Shiller PE Ratio of Iwatani was 34.48. The lowest was 14.40. And the median was 19.04.


Iwatani E10 Historical Data

The historical data trend for Iwatani'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.

Iwatani E10 Chart

Iwatani 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 - 0.61 0.61 0.62 0.61

Iwatani Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.65 0.67 0.61 0.71 0.76

Competitive Comparison of Iwatani's E10

For the Conglomerates subindustry, Iwatani'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.


Iwatani's Shiller PE Ratio Distribution in the Conglomerates Industry

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

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



Iwatani 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, Iwatani'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)
=0.106/108.9000*108.9000
=0.106

Current CPI (Sep. 2024) = 108.9000.

Iwatani Quarterly Data

per share eps CPI Adj_EPS
201412 0.067 97.900 0.075
201503 0.113 97.900 0.126
201506 0.112 98.400 0.124
201509 0.036 98.500 0.040
201512 0.121 98.100 0.134
201603 0.238 97.900 0.265
201606 0.078 98.100 0.087
201609 0.083 98.000 0.092
201612 0.153 98.400 0.169
201703 0.333 98.100 0.370
201706 0.097 98.500 0.107
201709 0.083 98.800 0.091
201712 0.238 99.400 0.261
201803 0.280 99.200 0.307
201806 0.137 99.200 0.150
201809 0.154 99.900 0.168
201812 0.164 99.700 0.179
201903 0.296 99.700 0.323
201906 0.159 99.800 0.173
201909 0.092 100.100 0.100
201912 0.206 100.500 0.223
202003 0.388 100.300 0.421
202006 0.106 99.900 0.116
202009 0.122 99.900 0.133
202012 0.272 99.300 0.298
202103 0.436 99.900 0.475
202106 0.237 99.500 0.259
202109 0.169 100.100 0.184
202112 0.355 100.100 0.386
202203 0.380 101.100 0.409
202206 0.265 101.800 0.283
202209 0.134 103.100 0.142
202212 0.223 104.100 0.233
202303 0.406 104.400 0.424
202306 0.221 105.200 0.229
202309 0.144 106.200 0.148
202312 0.365 106.800 0.372
202403 0.673 107.200 0.684
202406 0.319 108.200 0.321
202409 0.106 108.900 0.106

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


Iwatani  (OTCPK:IWTNF) 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.

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

Shiller PE Ratio=Share Price/E10
=13.50/0.76
=17.76

* 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 Iwatani was 34.48. The lowest was 14.40. And the median was 19.04.


Be Aware

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


Iwatani E10 Related Terms

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


Iwatani Business Description

Traded in Other Exchanges
Address
6-4, Hommachi 3-chome, Chuo-ku, Osaka, JPN, 541-0053
Iwatani Corp is a Japanese conglomerate involved in a variety of energy, industrial, and food services activities. Iwatani segments its operations into Energy, Industrial Gases and Machinery, Materials, and Agri-bio and Foods businesses. The company derives the majority of its revenue from its Energy division. In this unit, Iwatani supplies LPG and petroleum products for household, commercial, and industrial use. The company's Industrial Gases & Machinery and Materials divisions are also responsible for significant income streams. These segments supply high-pressure gases, such as hydrogen and nitrogen, and rare earth metals used in the manufacturing of technology products, respectively. The vast majority of Iwatani's revenue comes from its operations in Japan.