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ValueCommerce Co (TSE:2491) E10 : 円85.01 (As of Dec. 2023)


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What is ValueCommerce Co 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.

ValueCommerce Co's adjusted earnings per share data for the three months ended in Dec. 2023 was 円22.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円85.01 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ValueCommerce Co's average E10 Growth Rate was 12.40% per year. During the past 3 years, the average E10 Growth Rate was 21.20% per year. During the past 5 years, the average E10 Growth Rate was 26.00% 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 ValueCommerce Co was 28.10% per year. The lowest was 21.20% per year. And the median was 27.40% per year.

As of today (2024-04-25), ValueCommerce Co's current stock price is 円1032.00. ValueCommerce Co's E10 for the quarter that ended in Dec. 2023 was 円85.01. ValueCommerce Co's Shiller PE Ratio of today is 12.14.

During the past 13 years, the highest Shiller PE Ratio of ValueCommerce Co was 102.29. The lowest was 11.85. And the median was 59.84.


ValueCommerce Co E10 Historical Data

The historical data trend for ValueCommerce Co'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.

ValueCommerce Co E10 Chart

ValueCommerce Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.56 47.74 57.01 75.66 85.01

ValueCommerce Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 75.66 78.26 80.61 83.02 85.01

Competitive Comparison of ValueCommerce Co's E10

For the Advertising Agencies subindustry, ValueCommerce Co'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.


ValueCommerce Co's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Shiller PE Ratio distribution charts can be found below:

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



ValueCommerce Co 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, ValueCommerce Co'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)
=22.34/106.8000*106.8000
=22.340

Current CPI (Dec. 2023) = 106.8000.

ValueCommerce Co Quarterly Data

per share eps CPI Adj_EPS
201403 8.910 95.700 9.943
201406 6.430 98.000 7.007
201409 6.080 98.500 6.592
201412 7.340 97.900 8.007
201503 9.070 97.900 9.895
201506 8.000 98.400 8.683
201509 6.640 98.500 7.200
201512 7.320 98.100 7.969
201603 4.730 97.900 5.160
201606 -0.148 98.100 -0.161
201609 2.790 98.000 3.041
201612 3.010 98.400 3.267
201703 10.240 98.100 11.148
201706 3.796 98.500 4.116
201709 3.930 98.800 4.248
201712 13.380 99.400 14.376
201803 17.080 99.200 18.389
201806 17.680 99.200 19.035
201809 21.430 99.900 22.910
201812 24.430 99.700 26.170
201903 25.880 99.700 27.723
201906 23.280 99.800 24.913
201909 23.710 100.100 25.297
201912 30.600 100.500 32.518
202003 31.360 100.300 33.392
202006 31.720 99.900 33.911
202009 31.790 99.900 33.986
202012 37.140 99.300 39.945
202103 -27.140 99.900 -29.015
202106 42.346 99.500 45.453
202109 43.250 100.100 46.145
202112 42.360 100.100 45.195
202203 51.130 101.100 54.013
202206 45.640 101.800 47.882
202209 42.940 103.100 44.481
202212 39.810 104.100 40.843
202303 31.590 104.400 32.316
202306 25.630 105.200 26.020
202309 25.590 106.200 25.735
202312 22.340 106.800 22.340

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


ValueCommerce Co  (TSE:2491) 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.

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

Shiller PE Ratio=Share Price/E10
=1032.00/85.01
=12.14

* 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 ValueCommerce Co was 102.29. The lowest was 11.85. And the median was 59.84.


Be Aware

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


ValueCommerce Co E10 Related Terms

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


ValueCommerce Co (TSE:2491) Business Description

Traded in Other Exchanges
N/A
Address
Nihonseimei Akasaka Building 5F, 8-1-19 Akasaka, Minato, Tokyo, JPN, 107-0052
ValueCommerce Co Ltd is a Japan-based information technology company engaged in the provision of internet advertising delivery services. The company's service portfolio comprises affiliate marketing service, StoreMatch service and Store's R8. The affiliate marketing service provides compensation based on the performances of advertising for e-commerce sites. The StoreMatch Service provides pay-per-click internet advertising for stores listing on online shopping malls. The Store's R8 service is a marketing automation system customized for Yahoo! shopping.

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