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First-corp (TSE:1430) E10 : 円99.69 (As of May. 2024)


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What is First-corp 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.

First-corp's adjusted earnings per share data for the three months ended in May. 2024 was 円6.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円99.69 for the trailing ten years ended in May. 2024.

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.

As of today (2024-12-11), First-corp's current stock price is 円798.00. First-corp's E10 for the quarter that ended in May. 2024 was 円99.69. First-corp's Shiller PE Ratio of today is 8.00.

During the past 11 years, the highest Shiller PE Ratio of First-corp was 8.25. The lowest was 7.24. And the median was 7.81.


First-corp E10 Historical Data

The historical data trend for First-corp'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.

First-corp E10 Chart

First-corp Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 99.69

First-corp Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 - - - - 99.69

Competitive Comparison of First-corp's E10

For the Residential Construction subindustry, First-corp'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.


First-corp's Shiller PE Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, First-corp's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First-corp's Shiller PE Ratio falls into.



First-corp 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, First-corp's adjusted earnings per share data for the three months ended in May. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2024 (Change)*Current CPI (May. 2024)
=6.69/108.1000*108.1000
=6.690

Current CPI (May. 2024) = 108.1000.

First-corp Quarterly Data

per share eps CPI Adj_EPS
201405 16.323 98.100 17.987
201411 22.250 97.900 24.568
201502 14.517 97.600 16.079
201505 9.568 98.700 10.479
201508 18.290 98.400 20.093
201511 20.770 98.100 22.887
201602 18.360 97.800 20.294
201605 26.210 98.200 28.852
201608 37.760 97.900 41.694
201611 18.170 98.600 19.921
201702 29.480 98.100 32.485
201705 25.270 98.600 27.705
201708 20.860 98.500 22.893
201711 31.890 99.100 34.786
201802 19.110 99.500 20.762
201805 45.570 99.300 49.608
201808 23.710 99.800 25.682
201811 24.500 100.000 26.485
201902 16.560 99.700 17.955
201905 30.840 100.000 33.338
201908 4.170 100.000 4.508
201911 6.860 100.500 7.379
202002 3.880 100.300 4.182
202005 51.660 100.100 55.789
202008 5.100 100.100 5.508
202011 6.500 99.500 7.062
202102 7.760 99.800 8.405
202105 70.760 99.400 76.953
202108 36.150 99.700 39.196
202111 10.260 100.100 11.080
202202 19.270 100.700 20.686
202205 40.030 101.800 42.507
202208 14.390 102.700 15.147
202211 23.140 103.900 24.075
202302 39.330 104.000 40.881
202305 37.890 105.100 38.972
202308 11.530 105.900 11.770
202311 25.950 106.900 26.241
202402 34.940 106.900 35.332
202405 6.690 108.100 6.690

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


First-corp  (TSE:1430) 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.

First-corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=798.00/99.69
=8.00

* 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 11 years, the highest Shiller P/E Ratio of First-corp was 8.25. The lowest was 7.24. And the median was 7.81.


Be Aware

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


First-corp E10 Related Terms

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


First-corp Business Description

Traded in Other Exchanges
N/A
Address
4-30-16, Ogikubo, 8th Floor, Fujisawa Building, Suginami - ku, Tokyo, JPN, 167-0051
First-corp Inc engages in the condominium construction business. It provides general construction, consultation, planning and design. The firm purchases land, plans and designs, and proposes the same to business owners for construction contracts.

First-corp Headlines

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