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Japan Tobacco (STU:JAT) E10 : €1.41 (As of Dec. 2024)


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What is Japan Tobacco 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.

Japan Tobacco's adjusted earnings per share data for the three months ended in Dec. 2024 was €-0.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.41 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Japan Tobacco's average E10 Growth Rate was -3.10% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 2.60% 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 Japan Tobacco was 4.60% per year. The lowest was -5.30% per year. And the median was 3.65% per year.

As of today (2025-03-20), Japan Tobacco's current stock price is €24.61. Japan Tobacco's E10 for the quarter that ended in Dec. 2024 was €1.41. Japan Tobacco's Shiller PE Ratio of today is 17.45.

During the past 13 years, the highest Shiller PE Ratio of Japan Tobacco was 20.18. The lowest was 8.39. And the median was 13.20.


Japan Tobacco E10 Historical Data

The historical data trend for Japan Tobacco'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.

Japan Tobacco E10 Chart

Japan Tobacco Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 1.67 1.64 1.53 1.41

Japan Tobacco Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.53 1.48 1.45 1.59 1.41

Competitive Comparison of Japan Tobacco's E10

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Shiller PE Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Shiller PE Ratio distribution charts can be found below:

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



Japan Tobacco 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, Japan Tobacco's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.92/110.7000*110.7000
=-0.920

Current CPI (Dec. 2024) = 110.7000.

Japan Tobacco Quarterly Data

per share eps CPI Adj_EPS
201503 0.442 97.900 0.500
201506 0.431 98.400 0.485
201509 0.798 98.500 0.897
201512 0.343 98.100 0.387
201603 0.645 97.900 0.729
201606 0.479 98.100 0.541
201609 0.503 98.000 0.568
201612 0.327 98.400 0.368
201703 0.481 98.100 0.543
201706 0.538 98.500 0.605
201709 0.457 98.800 0.512
201712 0.245 99.400 0.273
201803 0.444 99.200 0.495
201806 0.486 99.200 0.542
201809 0.497 99.900 0.551
201812 0.232 99.700 0.258
201903 0.539 99.700 0.598
201906 0.487 99.800 0.540
201909 0.427 100.100 0.472
201912 0.149 100.500 0.164
202003 0.409 100.300 0.451
202006 0.401 99.900 0.444
202009 0.387 99.900 0.429
202012 0.233 99.300 0.260
202103 0.495 99.900 0.549
202106 0.473 99.500 0.526
202109 0.494 100.100 0.546
202112 -0.001 100.100 -0.001
202203 0.535 101.100 0.586
202206 0.557 101.800 0.606
202209 0.555 103.100 0.596
202212 0.153 104.100 0.163
202303 0.569 104.400 0.603
202306 0.523 105.200 0.550
202309 0.553 106.200 0.576
202312 0.144 106.800 0.149
202403 0.544 107.200 0.562
202406 0.490 108.200 0.501
202409 0.487 108.900 0.495
202412 -0.920 110.700 -0.920

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


Japan Tobacco  (STU:JAT) 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.

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

Shiller PE Ratio=Share Price/E10
=24.61/1.41
=17.45

* 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 Japan Tobacco was 20.18. The lowest was 8.39. And the median was 13.20.


Be Aware

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


Japan Tobacco E10 Related Terms

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


Japan Tobacco Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping and Ploom in heated tobacco, though this category generates less than 5% of tobacco sales.

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