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Shimizu (Shimizu) E10 : $0.64 (As of Dec. 2023)


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What is Shimizu 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.

Shimizu's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.358. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.64 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Shimizu's average E10 Growth Rate was -100.00% 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 Shimizu was 89.90% per year. The lowest was 10.90% per year. And the median was 29.90% per year.

As of today (2024-06-25), Shimizu's current stock price is $5.69. Shimizu's E10 for the quarter that ended in Dec. 2023 was $0.64. Shimizu's Shiller PE Ratio of today is 8.89.

During the past 13 years, the highest Shiller PE Ratio of Shimizu was 135.27. The lowest was 7.83. And the median was 13.07.


Shimizu E10 Historical Data

The historical data trend for Shimizu'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.

Shimizu E10 Chart

Shimizu 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 0.55 0.69 0.72 0.63 -

Shimizu Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.63 0.64 0.59 0.64 -

Competitive Comparison of Shimizu's E10

For the Engineering & Construction subindustry, Shimizu'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.


Shimizu's Shiller PE Ratio Distribution in the Construction Industry

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

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



Shimizu 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, Shimizu'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)
=-0.358/106.8000*106.8000
=-0.358

Current CPI (Dec. 2023) = 106.8000.

Shimizu Quarterly Data

per share eps CPI Adj_EPS
201403 0.076 95.700 0.085
201406 0.062 98.000 0.068
201409 0.080 98.500 0.087
201412 0.127 97.900 0.139
201503 0.104 97.900 0.113
201506 0.117 98.400 0.127
201509 0.134 98.500 0.145
201512 0.204 98.100 0.222
201603 0.179 97.900 0.195
201606 0.176 98.100 0.192
201609 0.256 98.000 0.279
201612 0.357 98.400 0.387
201703 0.355 98.100 0.386
201706 0.257 98.500 0.279
201709 0.183 98.800 0.198
201712 0.221 99.400 0.237
201803 0.326 99.200 0.351
201806 0.181 99.200 0.195
201809 0.238 99.900 0.254
201812 0.238 99.700 0.255
201903 0.484 99.700 0.518
201906 0.286 99.800 0.306
201909 0.282 100.100 0.301
201912 0.313 100.500 0.333
202003 0.305 100.300 0.325
202006 0.100 99.900 0.107
202009 0.359 99.900 0.384
202012 0.213 99.300 0.229
202103 0.265 99.900 0.283
202106 0.033 99.500 0.035
202109 0.096 100.100 0.102
202112 0.152 100.100 0.162
202203 0.275 101.100 0.291
202206 0.037 101.800 0.039
202209 0.072 103.100 0.075
202212 0.102 104.100 0.105
202303 0.279 104.400 0.285
202306 0.179 105.200 0.182
202309 -0.022 106.200 -0.022
202312 -0.358 106.800 -0.358

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


Shimizu  (OTCPK:SHMUF) 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.

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

Shiller PE Ratio=Share Price/E10
=5.69/0.64
=8.89

* 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 Shimizu was 135.27. The lowest was 7.83. And the median was 13.07.


Be Aware

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


Shimizu E10 Related Terms

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


Shimizu (Shimizu) Business Description

Traded in Other Exchanges
Address
2-16-1 Kyobashi, Chuo-ku, Shimizu Hall, 2nd Floor, Chuo-Ku, Tokyo, JPN, 104-8370
Shimizu Corp operates a construction business, and utilizes technology and engineering capabilities to meet customers' needs. It constructs large offices, factories, residential properties, and other large projects. Technology that Shimizu utilizes can revolve around energy-related concerns, disaster prevention, or improve the functionality of structures. The company has three operating segments: construction (the majority of total revenue), real estate development, and other related businesses. The firm generates additional revenue from operation and management services after construction is completed. Japan accounts for the majority of total revenue, but it will take orders from multinational enterprises and customers in different regions.

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