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ORIX E10

: $8.62 (As of Dec. 2020)
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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.

ORIX's adjusted earnings per share data for the three months ended in Dec. 2020 was $1.877. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $8.62 for the trailing ten years ended in Dec. 2020.

As of today (2021-04-22), ORIX's current stock price is $79.910000. ORIX's E10 for the quarter that ended in Dec. 2020 was $8.62. ORIX's Shiller PE Ratio of today is 9.27.

During the past 13 years, the highest Shiller PE Ratio of ORIX was 17.89. The lowest was 6.31. And the median was 12.10.


ORIX E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

ORIX Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.19 5.27 6.00 6.76 7.72

ORIX Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
E10 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 Premium Member Only Premium Member Only Premium Member Only 7.68 7.72 8.00 8.37 8.62

Competitive Comparison
* 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.


ORIX E10 Distribution

* The bar in red indicates where ORIX's E10 falls into.



ORIX 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, ORIX's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=1.8772544395117/101.6000*101.6000
=1.877

Current CPI (Dec. 2020) = 101.6000.

ORIX Quarterly Data

per share eps CPI Adj_EPS
201103 0.734 96.500 0.772
201106 1.066 96.300 1.125
201109 1.091 96.500 1.148
201112 1.097 96.200 1.158
201203 0.801 96.900 0.840
201206 1.704 95.800 1.807
201209 1.252 96.100 1.324
201212 1.411 95.900 1.495
201303 0.898 96.200 0.948
201306 1.789 96.500 1.884
201309 1.367 97.200 1.429
201312 1.393 97.200 1.456
201403 2.565 99.500 2.620
201406 2.463 99.900 2.505
201409 2.674 100.000 2.717
201412 1.411 99.600 1.439
201503 1.570 100.200 1.592
201506 2.515 100.100 2.552
201509 2.534 100.200 2.569
201512 1.696 99.500 1.731
201603 1.513 99.900 1.539
201606 2.780 99.600 2.836
201609 2.451 100.400 2.480
201612 2.468 100.000 2.508
201703 1.901 100.300 1.926
201706 3.145 100.100 3.192
201709 2.688 100.600 2.715
201712 3.126 101.300 3.135
201803 2.088 100.900 2.103
201806 2.835 101.000 2.852
201809 2.615 102.000 2.604
201812 2.823 101.500 2.826
201903 3.073 101.800 3.067
201906 2.499 101.600 2.499
201909 3.264 102.200 3.245
201912 3.051 102.200 3.033
202003 2.152 101.900 2.146
202006 1.861 101.900 1.856
202009 1.663 101.800 1.660
202012 1.877 101.600 1.877

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


ORIX  (NYSE:IX) 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.

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

Shiller PE Ratio=Share Price/E10
=79.910000/8.62
=9.27

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of ORIX was 17.89. The lowest was 6.31. And the median was 12.10.


Be Aware

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


ORIX E10 Related Terms


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