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Daiho (TSE:1822) E10 : 円330.69 (As of Dec. 2023)


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What is Daiho 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.

Daiho's adjusted earnings per share data for the three months ended in Dec. 2023 was 円-58.471. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円330.69 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Daiho'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 Daiho was 41.40% per year. The lowest was 14.30% per year. And the median was 15.00% per year.

As of today (2024-06-24), Daiho's current stock price is 円3350.00. Daiho's E10 for the quarter that ended in Dec. 2023 was 円330.69. Daiho's Shiller PE Ratio of today is 10.13.

During the past 13 years, the highest Shiller PE Ratio of Daiho was 141.67. The lowest was 8.57. And the median was 14.21.


Daiho E10 Historical Data

The historical data trend for Daiho'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.

Daiho E10 Chart

Daiho 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 224.31 252.75 286.43 335.21 -

Daiho 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 335.21 341.40 338.95 330.69 -

Competitive Comparison of Daiho's E10

For the Engineering & Construction subindustry, Daiho'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.


Daiho's Shiller PE Ratio Distribution in the Construction Industry

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

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



Daiho 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, Daiho'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)
=-58.471/106.8000*106.8000
=-58.471

Current CPI (Dec. 2023) = 106.8000.

Daiho Quarterly Data

per share eps CPI Adj_EPS
201403 74.462 95.700 83.099
201406 23.650 98.000 25.774
201409 63.900 98.500 69.284
201412 126.200 97.900 137.673
201503 94.593 97.900 103.192
201506 31.200 98.400 33.863
201509 114.250 98.500 123.877
201512 107.600 98.100 117.143
201603 79.650 97.900 86.891
201606 43.650 98.100 47.521
201609 101.500 98.000 110.614
201612 116.950 98.400 126.934
201703 141.650 98.100 154.212
201706 62.100 98.500 67.333
201709 71.730 98.800 77.538
201712 211.870 99.400 227.643
201803 104.570 99.200 112.581
201806 21.980 99.200 23.664
201809 137.140 99.900 146.612
201812 103.220 99.700 110.571
201903 90.490 99.700 96.934
201906 24.100 99.800 25.790
201909 85.770 100.100 91.511
201912 96.240 100.500 102.273
202003 185.950 100.300 198.001
202006 30.090 99.900 32.168
202009 64.130 99.900 68.559
202012 81.440 99.300 87.591
202103 150.710 99.900 161.119
202106 23.690 99.500 25.428
202109 44.270 100.100 47.233
202112 94.430 100.100 100.750
202203 163.970 101.100 173.215
202206 71.970 101.800 75.505
202209 9.910 103.100 10.266
202212 -23.080 104.100 -23.679
202303 103.670 104.400 106.053
202306 37.830 105.200 38.405
202309 -37.520 106.200 -37.732
202312 -58.471 106.800 -58.471

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


Daiho  (TSE:1822) 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.

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

Shiller PE Ratio=Share Price/E10
=3350.00/330.69
=10.13

* 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 Daiho was 141.67. The lowest was 8.57. And the median was 14.21.


Be Aware

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


Daiho E10 Related Terms

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


Daiho (TSE:1822) Business Description

Traded in Other Exchanges
N/A
Address
24-4, Shinkawa 1-Chome, Chuo-ku, Tokyo, JPN, 104-8289
Daiho Corp is engaged in the activity of engineering and construction. It builds and engineers hydroelectric dams, expressway, harbor, subway and foundation works for large structures. The company has three segments namely Civil engineering, Building construction and Other. Civil engineering segment consists of dam, seaports, fishery ports, large bridge foundations and railways. Building construction segment comprises offices, warehouse factory, retail shops, accommodation, education and cultural and medical welfare buildings, sports and leisure facilities, environmental protection cleaning facilities, economic zones. Other segment covers rehabilitation projects, hospitals and repairing work. The company operates in Japan, Taiwan, Thailand, Malaysia, Madagascar, Cambodia.

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