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Toenec (TSE:1946) E10 : 円66.32 (As of Sep. 2024)


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What is Toenec 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.

Toenec's adjusted earnings per share data for the three months ended in Sep. 2024 was 円10.182. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円66.32 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Toenec's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 5.70% per year. During the past 5 years, the average E10 Growth Rate was 9.20% 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 Toenec was 16.90% per year. The lowest was 5.70% per year. And the median was 9.40% per year.

As of today (2025-03-17), Toenec's current stock price is 円996.00. Toenec's E10 for the quarter that ended in Sep. 2024 was 円66.32. Toenec's Shiller PE Ratio of today is 15.02.

During the past 13 years, the highest Shiller PE Ratio of Toenec was 23.91. The lowest was 9.63. And the median was 14.60.


Toenec E10 Historical Data

The historical data trend for Toenec'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.

Toenec E10 Chart

Toenec 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 47.25 54.12 63.13 56.40 63.83

Toenec 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 59.75 63.83 66.17 66.32 -

Competitive Comparison of Toenec's E10

For the Engineering & Construction subindustry, Toenec'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.


Toenec's Shiller PE Ratio Distribution in the Construction Industry

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

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



Toenec 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, Toenec'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)
=10.182/108.9000*108.9000
=10.182

Current CPI (Sep. 2024) = 108.9000.

Toenec Quarterly Data

per share eps CPI Adj_EPS
201412 12.120 97.900 13.482
201503 10.684 97.900 11.884
201506 13.940 98.400 15.428
201509 16.592 98.500 18.344
201512 17.330 98.100 19.238
201603 -0.417 97.900 -0.464
201606 4.500 98.100 4.995
201609 13.750 98.000 15.279
201612 11.272 98.400 12.475
201703 25.748 98.100 28.583
201706 6.558 98.500 7.250
201709 12.330 98.800 13.590
201712 12.212 99.400 13.379
201803 30.750 99.200 33.757
201806 2.540 99.200 2.788
201809 19.343 99.900 21.086
201812 19.076 99.700 20.836
201903 30.422 99.700 33.229
201906 25.268 99.800 27.572
201909 21.357 100.100 23.235
201912 16.296 100.500 17.658
202003 36.742 100.300 39.892
202006 16.016 99.900 17.459
202009 28.018 99.900 30.542
202012 26.869 99.300 29.467
202103 23.604 99.900 25.730
202106 15.892 99.500 17.393
202109 16.490 100.100 17.940
202112 25.436 100.100 27.672
202203 30.819 101.100 33.197
202206 14.734 101.800 15.762
202209 -91.066 103.100 -96.189
202212 7.277 104.100 7.613
202303 9.682 104.400 10.099
202306 18.396 105.200 19.043
202309 25.164 106.200 25.804
202312 13.744 106.800 14.014
202403 42.648 107.200 43.324
202406 20.508 108.200 20.641
202409 10.182 108.900 10.182

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


Toenec  (TSE:1946) 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.

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

Shiller PE Ratio=Share Price/E10
=996.00/66.32
=15.02

* 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 Toenec was 23.91. The lowest was 9.63. And the median was 14.60.


Be Aware

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


Toenec E10 Related Terms

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


Toenec Business Description

Traded in Other Exchanges
N/A
Address
20-31, Sakae 1-chome, Naka-ku, Aichi, Nagoya, JPN, 460-0008
Toenec Corp provides engineering and construction services. The company's services include electrical and communications construction, pipe-laying, fire-control system construction, construction and building works, scaffolding, earthworks, and concrete works, road surfacing, painting, waterproofing work, waterworks, steel-structure construction, machinery and tool installation, interior finishing work, cleaning-facility construction, the power generation business, and electrical communication construction. It provides surveying, design, supervision, maintenance, and consultation, research, planning, development services. The company also provides ordinary freight vehicles and dispatching of manpower needed for its services. It also sells, leases and manages real estate properties.

Toenec Headlines

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