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Sonec (TSE:1768) E10 : 円85.52 (As of Dec. 2023)


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What is Sonec 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.

Sonec's adjusted earnings per share data for the three months ended in Dec. 2023 was 円-9.095. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円85.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sonec's average E10 Growth Rate was 1.20% per year. During the past 3 years, the average E10 Growth Rate was 15.50% per year. During the past 5 years, the average E10 Growth Rate was 17.30% 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 Sonec was 21.00% per year. The lowest was 14.00% per year. And the median was 15.50% per year.

As of today (2024-06-09), Sonec's current stock price is 円933.00. Sonec's E10 for the quarter that ended in Dec. 2023 was 円85.52. Sonec's Shiller PE Ratio of today is 10.91.

During the past 13 years, the highest Shiller PE Ratio of Sonec was 25.83. The lowest was 9.66. And the median was 14.57.


Sonec E10 Historical Data

The historical data trend for Sonec'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.

Sonec E10 Chart

Sonec Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.03 54.55 63.62 72.64 84.09

Sonec Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 84.48 84.09 85.02 86.88 85.52

Competitive Comparison of Sonec's E10

For the Engineering & Construction subindustry, Sonec'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.


Sonec's Shiller PE Ratio Distribution in the Construction Industry

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

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



Sonec 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, Sonec'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)
=-9.095/106.8000*106.8000
=-9.095

Current CPI (Dec. 2023) = 106.8000.

Sonec Quarterly Data

per share eps CPI Adj_EPS
201403 27.790 95.700 31.013
201406 3.650 98.000 3.978
201409 8.400 98.500 9.108
201412 19.030 97.900 20.760
201503 21.290 97.900 23.225
201506 9.320 98.400 10.116
201509 18.040 98.500 19.560
201512 21.859 98.100 23.798
201603 16.326 97.900 17.810
201606 13.680 98.100 14.893
201609 17.766 98.000 19.361
201612 18.660 98.400 20.253
201703 26.349 98.100 28.686
201706 15.400 98.500 16.698
201709 18.240 98.800 19.717
201712 20.720 99.400 22.263
201803 26.390 99.200 28.412
201806 11.700 99.200 12.596
201809 26.908 99.900 28.767
201812 32.560 99.700 34.879
201903 14.720 99.700 15.768
201906 15.970 99.800 17.090
201909 21.066 100.100 22.476
201912 11.590 100.500 12.317
202003 24.960 100.300 26.578
202006 18.750 99.900 20.045
202009 19.600 99.900 20.954
202012 35.850 99.300 38.558
202103 43.964 99.900 47.001
202106 14.150 99.500 15.188
202109 31.140 100.100 33.224
202112 26.580 100.100 28.359
202203 37.490 101.100 39.604
202206 27.410 101.800 28.756
202209 26.770 103.100 27.731
202212 31.629 104.100 32.449
202303 8.480 104.400 8.675
202306 9.340 105.200 9.482
202309 14.040 106.200 14.119
202312 -9.095 106.800 -9.095

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


Sonec  (TSE:1768) 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.

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

Shiller PE Ratio=Share Price/E10
=933.00/85.52
=10.91

* 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 Sonec was 25.83. The lowest was 9.66. And the median was 14.57.


Be Aware

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


Sonec E10 Related Terms

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


Sonec (TSE:1768) Business Description

Traded in Other Exchanges
N/A
Address
2257-1, Sone-cho, Hyogo, Takasago-shi, JPN, 676-0082
Sonec Corp is engaged in the comprehensive construction industry. It constructs residential, institutional, and commercial buildings. In addition, the company also performs civil engineering works for water, sewage, and road projects.

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