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Ichigo (TSE:2337) E10 : 円25.01 (As of Nov. 2024)


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What is Ichigo 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.

Ichigo's adjusted earnings per share data for the three months ended in Nov. 2024 was 円8.148. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円25.01 for the trailing ten years ended in Nov. 2024.

During the past 12 months, Ichigo's average E10 Growth Rate was 10.20% per year. During the past 3 years, the average E10 Growth Rate was 9.70% per year. During the past 5 years, the average E10 Growth Rate was 7.90% 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 Ichigo was 9.70% per year. The lowest was 5.60% per year. And the median was 8.10% per year.

As of today (2025-04-05), Ichigo's current stock price is 円371.00. Ichigo's E10 for the quarter that ended in Nov. 2024 was 円25.01. Ichigo's Shiller PE Ratio of today is 14.83.

During the past 13 years, the highest Shiller PE Ratio of Ichigo was 26.22. The lowest was 11.73. And the median was 16.69.


Ichigo E10 Historical Data

The historical data trend for Ichigo'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.

Ichigo E10 Chart

Ichigo Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.52 17.49 18.62 20.89 23.08

Ichigo Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 22.70 23.08 23.75 24.24 25.01

Competitive Comparison of Ichigo's E10

For the Real Estate Services subindustry, Ichigo'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.


Ichigo's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ichigo's Shiller PE Ratio distribution charts can be found below:

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


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

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=8.148/110.0000*110.0000
=8.148

Current CPI (Nov. 2024) = 110.0000.

Ichigo Quarterly Data

per share eps CPI Adj_EPS
201502 6.370 97.600 7.179
201505 4.720 98.700 5.260
201508 3.670 98.400 4.103
201511 14.670 98.100 16.450
201602 2.640 97.800 2.969
201605 11.080 98.200 12.411
201608 12.600 97.900 14.157
201611 1.790 98.600 1.997
201702 4.090 98.100 4.586
201705 4.450 98.600 4.965
201708 13.280 98.500 14.830
201711 4.160 99.100 4.618
201802 6.200 99.500 6.854
201805 7.140 99.300 7.909
201808 4.150 99.800 4.574
201811 13.290 100.000 14.619
201902 6.550 99.700 7.227
201905 9.760 100.000 10.736
201908 7.880 100.000 8.668
201911 13.460 100.500 14.732
202002 -14.200 100.300 -15.573
202005 4.490 100.100 4.934
202008 1.270 100.100 1.396
202011 3.100 99.500 3.427
202102 1.614 99.800 1.779
202105 3.280 99.400 3.630
202108 0.400 99.700 0.441
202111 0.510 100.100 0.560
202202 9.610 100.700 10.498
202205 3.290 101.800 3.555
202208 4.090 102.700 4.381
202211 11.020 103.900 11.667
202302 2.071 104.000 2.190
202305 3.210 105.100 3.360
202308 15.550 105.900 16.152
202311 2.420 106.900 2.490
202402 5.680 106.900 5.845
202405 8.160 108.100 8.303
202408 4.050 109.100 4.083
202411 8.148 110.000 8.148

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


Ichigo  (TSE:2337) 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.

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

Shiller PE Ratio=Share Price/E10
=371.00/25.01
=14.83

* 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 Ichigo was 26.22. The lowest was 11.73. And the median was 16.69.


Be Aware

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


Ichigo E10 Related Terms

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


Ichigo Business Description

Traded in Other Exchanges
Address
17F, The Imperial Hotel Tower, 1-1-1, Uchisaiwai-cho, Chiyoda-k, Tokyo, JPN, 100-0011
Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.

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