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Mizuno (Mizuno) E10 : $1.68 (As of Dec. 2023)


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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.

Mizuno's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.962. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mizuno's average E10 Growth Rate was 25.20% per year. During the past 3 years, the average E10 Growth Rate was 12.70% per year. During the past 5 years, the average E10 Growth Rate was 18.00% 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 Mizuno was 24.90% per year. The lowest was 8.50% per year. And the median was 12.70% per year.

As of today (2024-04-24), Mizuno's current stock price is $44.34. Mizuno's E10 for the quarter that ended in Dec. 2023 was $1.68. Mizuno's Shiller PE Ratio of today is 26.39.

During the past 13 years, the highest Shiller PE Ratio of Mizuno was 73.05. The lowest was 11.67. And the median was 18.74.


Mizuno E10 Historical Data

The historical data trend for Mizuno'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.

Mizuno Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.61 1.09 1.41 1.70

Mizuno Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.15 1.70 1.52 1.42 1.68

Competitive Comparison

For the Specialty Retail subindustry, Mizuno'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.


Mizuno Shiller PE Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Mizuno's Shiller PE Ratio distribution charts can be found below:

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



Mizuno 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, Mizuno's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.962/106.8000*106.8000
=0.962

Current CPI (Dec. 2023) = 106.8000.

Mizuno Quarterly Data

per share eps CPI Adj_EPS
201403 0.216 95.700 0.241
201406 0.403 98.000 0.439
201409 0.262 98.500 0.284
201412 0.219 97.900 0.239
201503 0.311 97.900 0.339
201506 0.248 98.400 0.269
201509 0.226 98.500 0.245
201512 0.263 98.100 0.286
201603 -0.062 97.900 -0.068
201606 -0.241 98.100 -0.262
201609 0.523 98.000 0.570
201612 -0.199 98.400 -0.216
201703 0.206 98.100 0.224
201706 0.343 98.500 0.372
201709 0.542 98.800 0.586
201712 0.294 99.400 0.316
201803 0.582 99.200 0.627
201806 0.286 99.200 0.308
201809 0.560 99.900 0.599
201812 0.176 99.700 0.189
201903 1.106 99.700 1.185
201906 0.477 99.800 0.510
201909 0.583 100.100 0.622
201912 0.110 100.500 0.117
202003 0.516 100.300 0.549
202006 -0.400 99.900 -0.428
202009 0.454 99.900 0.485
202012 0.684 99.300 0.736
202103 0.652 99.900 0.697
202106 0.977 99.500 1.049
202109 0.546 100.100 0.583
202112 0.623 100.100 0.665
202203 0.534 101.100 0.564
202206 1.024 101.800 1.074
202209 0.798 103.100 0.827
202212 0.404 104.100 0.414
202303 0.611 104.400 0.625
202306 1.293 105.200 1.313
202309 0.823 106.200 0.828
202312 0.962 106.800 0.962

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


Mizuno  (OTCPK:MIZUF) 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.

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

Shiller PE Ratio=Share Price/E10
=44.34/1.68
=26.39

* 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 Mizuno was 73.05. The lowest was 11.67. And the median was 18.74.


Be Aware

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


Mizuno E10 Related Terms

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


Mizuno (Mizuno) Business Description

Traded in Other Exchanges
Address
1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, JPN, 559-8510
Mizuno Corporation is a Japan-based company principally engaged in the manufacture and sale of sporting goods under the brand MIZUNO worldwide. The company's product mix consists of sports equipment, sports shoes, sportswear, and other products and services. Footwear and apparel jointly account for more than half of the company's total revenue. The company's products are produced in the company's own factories or commissioned factories. The company has business presence in Japan, the Americas, EMEA, Asia and Oceania, with Japan contributing over half of the company's total revenue.

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