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Shinnihon (TSE:1879) E10 : 円186.26 (As of Sep. 2024)


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What is Shinnihon 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.

Shinnihon's adjusted earnings per share data for the three months ended in Sep. 2024 was 円51.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円186.26 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Shinnihon's average E10 Growth Rate was 9.30% per year. During the past 3 years, the average E10 Growth Rate was 14.10% per year. During the past 5 years, the average E10 Growth Rate was 14.50% 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 Shinnihon was 19.50% per year. The lowest was 14.10% per year. And the median was 14.60% per year.

As of today (2025-03-28), Shinnihon's current stock price is 円1600.00. Shinnihon's E10 for the quarter that ended in Sep. 2024 was 円186.26. Shinnihon's Shiller PE Ratio of today is 8.59.

During the past 13 years, the highest Shiller PE Ratio of Shinnihon was 18.93. The lowest was 4.72. And the median was 7.82.


Shinnihon E10 Historical Data

The historical data trend for Shinnihon'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.

Shinnihon E10 Chart

Shinnihon 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 107.64 120.99 138.34 160.93 179.64

Shinnihon 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 173.38 179.64 183.09 186.26 -

Competitive Comparison of Shinnihon's E10

For the Engineering & Construction subindustry, Shinnihon'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.


Shinnihon's Shiller PE Ratio Distribution in the Construction Industry

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

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


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Shinnihon 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, Shinnihon'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)
=51.96/108.9000*108.9000
=51.960

Current CPI (Sep. 2024) = 108.9000.

Shinnihon Quarterly Data

per share eps CPI Adj_EPS
201412 14.430 97.900 16.051
201503 23.530 97.900 26.174
201506 7.860 98.400 8.699
201509 30.070 98.500 33.245
201512 37.990 98.100 42.172
201603 52.440 97.900 58.332
201606 100.510 98.100 111.575
201609 34.295 98.000 38.109
201612 33.423 98.400 36.989
201703 48.970 98.100 54.361
201706 24.800 98.500 27.418
201709 37.033 98.800 40.819
201712 46.730 99.400 51.196
201803 44.180 99.200 48.500
201806 28.260 99.200 31.023
201809 40.813 99.900 44.490
201812 61.066 99.700 66.701
201903 42.045 99.700 45.925
201906 20.570 99.800 22.446
201909 59.937 100.100 65.206
201912 38.360 100.500 41.566
202003 61.409 100.300 66.674
202006 22.090 99.900 24.080
202009 30.396 99.900 33.134
202012 35.620 99.300 39.064
202103 76.610 99.900 83.512
202106 19.560 99.500 21.408
202109 40.215 100.100 43.750
202112 51.870 100.100 56.430
202203 73.024 101.100 78.658
202206 23.560 101.800 25.203
202209 49.487 103.100 52.271
202212 43.220 104.100 45.213
202303 89.178 104.400 93.022
202306 26.480 105.200 27.411
202309 52.026 106.200 53.349
202312 41.010 106.800 41.816
202403 90.540 107.200 91.976
202406 22.480 108.200 22.625
202409 51.960 108.900 51.960

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


Shinnihon  (TSE:1879) 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.

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

Shiller PE Ratio=Share Price/E10
=1600.00/186.26
=8.59

* 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 Shinnihon was 18.93. The lowest was 4.72. And the median was 7.82.


Be Aware

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


Shinnihon E10 Related Terms

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


Shinnihon Business Description

Traded in Other Exchanges
N/A
Address
1-4-3 Hibino, Shin Nippon Building, Mihama-ku, Chiba, JPN, 261-0021
Shinnihon Corp is engaged in engineering and construction services. The company operates in two divisions namely Construction Division and Development Business Division. The construction division is engaged in the construction of joint housing, government office, hotel, office building, shopping center, shop, hospital/welfare facilities, and factories. The Development Business Division is engaged in Distribution and rental of condominium / detached house, planning and development business of commercial facilities, offices, and warehouses.

Shinnihon Headlines

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