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Obayashi (TSE:1802) E10 : 円125.97 (As of Sep. 2024)


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What is Obayashi 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.

Obayashi's adjusted earnings per share data for the three months ended in Sep. 2024 was 円40.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円125.97 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Obayashi's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 9.40% per year. During the past 5 years, the average E10 Growth Rate was 14.70% 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 Obayashi was 113.20% per year. The lowest was 9.40% per year. And the median was 23.90% per year.

As of today (2025-03-26), Obayashi's current stock price is 円2056.00. Obayashi's E10 for the quarter that ended in Sep. 2024 was 円125.97. Obayashi's Shiller PE Ratio of today is 16.32.

During the past 13 years, the highest Shiller PE Ratio of Obayashi was 369.82. The lowest was 9.02. And the median was 16.20.


Obayashi E10 Historical Data

The historical data trend for Obayashi'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.

Obayashi E10 Chart

Obayashi 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 79.43 90.63 96.47 108.51 118.57

Obayashi 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 115.50 118.57 122.24 125.97 -

Competitive Comparison of Obayashi's E10

For the Engineering & Construction subindustry, Obayashi'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.


Obayashi's Shiller PE Ratio Distribution in the Construction Industry

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

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



Obayashi 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, Obayashi's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=40.8/108.9000*108.9000
=40.800

Current CPI (Sep. 2024) = 108.9000.

Obayashi Quarterly Data

per share eps CPI Adj_EPS
201412 14.090 97.900 15.673
201503 6.127 97.900 6.815
201506 15.290 98.400 16.922
201509 23.545 98.500 26.031
201512 31.723 98.100 35.215
201603 17.790 97.900 19.789
201606 22.220 98.100 24.666
201609 35.697 98.000 39.667
201612 40.388 98.400 44.698
201703 33.350 98.100 37.022
201706 26.440 98.500 29.232
201709 40.970 98.800 45.158
201712 38.140 99.400 41.785
201803 23.540 99.200 25.842
201806 24.970 99.200 27.412
201809 43.050 99.900 46.928
201812 42.278 99.700 46.179
201903 47.350 99.700 51.719
201906 31.680 99.800 34.569
201909 47.489 100.100 51.664
201912 48.700 100.500 52.770
202003 29.720 100.300 32.268
202006 31.710 99.900 34.567
202009 33.996 99.900 37.059
202012 33.450 99.300 36.684
202103 38.480 99.900 41.947
202106 17.130 99.500 18.748
202109 9.190 100.100 9.998
202112 27.147 100.100 29.534
202203 1.053 101.100 1.134
202206 15.730 101.800 16.827
202209 37.960 103.100 40.095
202212 25.186 104.100 26.347
202303 29.460 104.400 30.730
202306 9.190 105.200 9.513
202309 32.290 106.200 33.111
202312 24.757 106.800 25.244
202403 38.448 107.200 39.058
202406 36.050 108.200 36.283
202409 40.800 108.900 40.800

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


Obayashi  (TSE:1802) 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.

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

Shiller PE Ratio=Share Price/E10
=2056.00/125.97
=16.32

* 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 Obayashi was 369.82. The lowest was 9.02. And the median was 16.20.


Be Aware

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


Obayashi E10 Related Terms

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


Obayashi Business Description

Traded in Other Exchanges
Address
2-15-2 Konan, Minato-Ku, Tokyo, JPN, 108-8502
Obayashi Corp provides technology and construction services for multiple industries. It builds energy-saving offices, high-productivity plants, hospitals, schools, and other facilities. The company utilizes technical know-how for a variety of civil engineering projects, such as tunnels, bridges, dams, and other infrastructure developments. In addition, it is involved in redevelopment projects across Japan and owns rental property. Obayashi operates four business units: building construction, civil engineering, real estate, and other businesses. It leans on establishing a strong track record of completed projects, and having the resources to work in multiple endeavors and customize solutions to customers' needs.

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