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Mitsubishi Electric (MEX:MITS) E10 : MXN15.25 (As of Sep. 2024)


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What is Mitsubishi Electric 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.

Mitsubishi Electric's adjusted earnings per share data for the three months ended in Sep. 2024 was MXN4.589. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN15.25 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Mitsubishi Electric's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 6.50% 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 Mitsubishi Electric was 28.50% per year. The lowest was 2.70% per year. And the median was 6.20% per year.

As of today (2024-12-12), Mitsubishi Electric's current stock price is MXN302.61. Mitsubishi Electric's E10 for the quarter that ended in Sep. 2024 was MXN15.25. Mitsubishi Electric's Shiller PE Ratio of today is 19.84.

During the past 13 years, the highest Shiller PE Ratio of Mitsubishi Electric was 50.21. The lowest was 12.55. And the median was 18.19.


Mitsubishi Electric E10 Historical Data

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric E10 Chart

Mitsubishi Electric 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 15.32 17.62 16.73 12.56 8.57

Mitsubishi Electric 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 11.24 10.52 8.57 8.43 15.25

Competitive Comparison of Mitsubishi Electric's E10

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.


Mitsubishi Electric's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Shiller PE Ratio distribution charts can be found below:

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



Mitsubishi Electric 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, Mitsubishi Electric'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)
=4.589/108.9000*108.9000
=4.589

Current CPI (Sep. 2024) = 108.9000.

Mitsubishi Electric Quarterly Data

per share eps CPI Adj_EPS
201412 2.749 97.900 3.058
201503 5.255 97.900 5.845
201506 2.736 98.400 3.028
201509 3.053 98.500 3.375
201512 3.943 98.100 4.377
201603 5.373 97.900 5.977
201606 3.509 98.100 3.895
201609 4.022 98.000 4.469
201612 3.892 98.400 4.307
201703 5.838 98.100 6.481
201706 4.328 98.500 4.785
201709 4.885 98.800 5.384
201712 5.114 99.400 5.603
201803 5.724 99.200 6.284
201806 3.960 99.200 4.347
201809 4.258 99.900 4.642
201812 4.610 99.700 5.035
201903 5.519 99.700 6.028
201906 3.544 99.800 3.867
201909 4.149 100.100 4.514
201912 5.516 100.500 5.977
202003 6.307 100.300 6.848
202006 1.789 99.900 1.950
202009 2.960 99.900 3.227
202012 5.320 99.300 5.834
202103 7.483 99.900 8.157
202106 5.210 99.500 5.702
202109 3.750 100.100 4.080
202112 3.691 100.100 4.015
202203 4.361 101.100 4.697
202206 2.382 101.800 2.548
202209 2.747 103.100 2.902
202212 4.416 104.100 4.620
202303 4.763 104.400 4.968
202306 3.324 105.200 3.441
202309 3.496 106.200 3.585
202312 3.707 106.800 3.780
202403 5.232 107.200 5.315
202406 2.731 108.200 2.749
202409 4.589 108.900 4.589

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


Mitsubishi Electric  (MEX:MITS) 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.

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

Shiller PE Ratio=Share Price/E10
=302.61/15.25
=19.84

* 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 Mitsubishi Electric was 50.21. The lowest was 12.55. And the median was 18.19.


Be Aware

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


Mitsubishi Electric E10 Related Terms

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


Mitsubishi Electric Business Description

Address
Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310
Mitsubishi Electric is a diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.

Mitsubishi Electric Headlines

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