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Zozo (STU:SAR) E10 : €0.51 (As of Dec. 2023)


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What is Zozo 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.

Zozo's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.258. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.51 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Zozo'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 Zozo was 23.80% per year. The lowest was 22.10% per year. And the median was 22.95% per year.

As of today (2024-06-16), Zozo's current stock price is €22.40. Zozo's E10 for the quarter that ended in Dec. 2023 was €0.51. Zozo's Shiller PE Ratio of today is 43.92.

During the past 13 years, the highest Shiller PE Ratio of Zozo was 171.47. The lowest was 35.87. And the median was 59.80.


Zozo E10 Historical Data

The historical data trend for Zozo'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.

Zozo E10 Chart

Zozo 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 0.31 0.35 0.41 0.47 -

Zozo 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 0.47 0.46 0.48 0.51 -

Competitive Comparison of Zozo's E10

For the Internet Retail subindustry, Zozo'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.


Zozo's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

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



Zozo 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, Zozo'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)
=0.258/106.8000*106.8000
=0.258

Current CPI (Dec. 2023) = 106.8000.

Zozo Quarterly Data

per share eps CPI Adj_EPS
201403 0.051 95.700 0.057
201406 0.042 98.000 0.046
201409 0.046 98.500 0.050
201412 0.062 97.900 0.068
201503 0.050 97.900 0.055
201506 0.056 98.400 0.061
201509 0.052 98.500 0.056
201512 0.074 98.100 0.081
201603 0.102 97.900 0.111
201606 0.097 98.100 0.106
201609 0.126 98.000 0.137
201612 0.159 98.400 0.173
201703 0.078 98.100 0.085
201706 0.142 98.500 0.154
201709 0.098 98.800 0.106
201712 0.162 99.400 0.174
201803 0.095 99.200 0.102
201806 0.105 99.200 0.113
201809 0.053 99.900 0.057
201812 0.189 99.700 0.202
201903 0.061 99.700 0.065
201906 0.143 99.800 0.153
201909 0.072 100.100 0.077
201912 0.115 100.500 0.122
202003 0.183 100.300 0.195
202006 0.198 99.900 0.212
202009 0.174 99.900 0.186
202012 0.254 99.300 0.273
202103 0.182 99.900 0.195
202106 0.218 99.500 0.234
202109 0.202 100.100 0.216
202112 0.262 100.100 0.280
202203 0.200 101.100 0.211
202206 0.235 101.800 0.247
202209 0.214 103.100 0.222
202212 0.283 104.100 0.290
202303 0.194 104.400 0.198
202306 0.244 105.200 0.248
202309 0.192 106.200 0.193
202312 0.258 106.800 0.258

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


Zozo  (STU:SAR) 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.

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

Shiller PE Ratio=Share Price/E10
=22.40/0.51
=43.92

* 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 Zozo was 171.47. The lowest was 35.87. And the median was 59.80.


Be Aware

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


Zozo E10 Related Terms

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


Zozo (STU:SAR) Business Description

Traded in Other Exchanges
Address
WBG Maribu West 15th-16th Floor, Nakase 2-6-1, Mihama-ku, Chiba-shi, Chiba, JPN, 261-7116
Zozo was established in 1998 by Yusaku Maezawa (founder and former CEO), and its main business is Zozotown, the largest fashion e-commerce platform in Japan. Zozotown's business consists mainly of consignment sales, where each brand's products are stocked in Zozotown's logistics bases, and brands open their shops on Zozotown as tenants. As of 2022, Zozotown sold clothing from over 8,500 brands and boasted about 9.3 million annual active users. In 2019, Zozo was acquired by Z Holdings. Since then, Zozo also sells through the Yahoo-owned general e-commerce site PayPay Mall.