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Kajima (TSE:1812) E10 : 円210.94 (As of Sep. 2024)


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What is Kajima 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.

Kajima's adjusted earnings per share data for the three months ended in Sep. 2024 was 円37.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円210.94 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kajima's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 15.00% 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 Kajima was 17.70% per year. The lowest was -54.50% per year. And the median was 14.60% per year.

As of today (2025-03-24), Kajima's current stock price is 円3160.00. Kajima's E10 for the quarter that ended in Sep. 2024 was 円210.94. Kajima's Shiller PE Ratio of today is 14.98.

During the past 13 years, the highest Shiller PE Ratio of Kajima was 25.94. The lowest was 1.15. And the median was 10.38.


Kajima E10 Historical Data

The historical data trend for Kajima'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.

Kajima E10 Chart

Kajima 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 119.09 132.71 154.49 177.53 201.82

Kajima 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 194.58 201.82 206.42 210.94 -

Competitive Comparison of Kajima's E10

For the Engineering & Construction subindustry, Kajima'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.


Kajima's Shiller PE Ratio Distribution in the Construction Industry

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

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



Kajima 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, Kajima'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)
=37.63/108.9000*108.9000
=37.630

Current CPI (Sep. 2024) = 108.9000.

Kajima Quarterly Data

per share eps CPI Adj_EPS
201412 31.520 97.900 35.062
201503 -16.140 97.900 -17.953
201506 20.520 98.400 22.710
201509 23.640 98.500 26.136
201512 49.730 98.100 55.205
201603 45.419 97.900 50.522
201606 39.600 98.100 43.960
201609 58.471 98.000 64.974
201612 39.719 98.400 43.957
201703 64.215 98.100 71.285
201706 65.580 98.500 72.504
201709 58.450 98.800 64.425
201712 62.928 99.400 68.942
201803 57.322 99.200 62.927
201806 53.040 99.200 58.226
201809 52.023 99.900 56.710
201812 52.930 99.700 57.814
201903 53.665 99.700 58.617
201906 36.600 99.800 39.937
201909 60.149 100.100 65.437
201912 37.965 100.500 41.138
202003 66.160 100.300 71.833
202006 51.610 99.900 56.260
202009 49.580 99.900 54.047
202012 48.290 99.300 52.959
202103 43.584 99.900 47.510
202106 43.850 99.500 47.993
202109 55.637 100.100 60.528
202112 63.115 100.100 68.664
202203 45.250 101.100 48.741
202206 39.900 101.800 42.683
202209 71.123 103.100 75.124
202212 55.750 104.100 58.321
202303 61.080 104.400 63.713
202306 40.030 105.200 41.438
202309 63.621 106.200 65.238
202312 55.220 106.800 56.306
202403 79.820 107.200 81.086
202406 36.600 108.200 36.837
202409 37.630 108.900 37.630

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


Kajima  (TSE:1812) 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.

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

Shiller PE Ratio=Share Price/E10
=3160.00/210.94
=14.98

* 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 Kajima was 25.94. The lowest was 1.15. And the median was 10.38.


Be Aware

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


Kajima E10 Related Terms

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


Kajima Business Description

Traded in Other Exchanges
Address
3-1, Motoakasaka 1-chome, Minato-ku, Tokyo, JPN, 107-8388
Kajima Corp provides civil engineering and project management for multiple industries. It works in multiple phases, from planning and development to maintenance and renovation. The company constructs skyscrapers, power plants, office buildings, and other large structures. It enters contracts to complete construction work at the designated site, and add the necessary improvements. The company has five reportable segments: civil engineering, building construction, real estate development and other, domestic subsidiaries, and overseas subsidiaries. Kajima utilizes research and development for all segments, and allows engineers to receive training and enhance expertise through various programs. Japan accounts for majority of total revenue.

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