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Kawasaki (TSE:3045) E10 : 円122.95 (As of Feb. 2024)


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What is Kawasaki 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.

Kawasaki's adjusted earnings per share data for the three months ended in Feb. 2024 was 円28.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円122.95 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Kawasaki's average E10 Growth Rate was 12.70% per year. During the past 3 years, the average E10 Growth Rate was 20.30% per year. During the past 5 years, the average E10 Growth Rate was 19.30% 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 Kawasaki was 30.50% per year. The lowest was 13.00% per year. And the median was 20.30% per year.

As of today (2024-05-16), Kawasaki's current stock price is 円1310.00. Kawasaki's E10 for the quarter that ended in Feb. 2024 was 円122.95. Kawasaki's Shiller PE Ratio of today is 10.65.

During the past 13 years, the highest Shiller PE Ratio of Kawasaki was 21.80. The lowest was 10.11. And the median was 14.30.


Kawasaki E10 Historical Data

The historical data trend for Kawasaki'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.

Kawasaki E10 Chart

Kawasaki Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.15 69.65 85.32 118.14 121.20

Kawasaki Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 109.07 107.05 121.20 121.62 122.95

Competitive Comparison of Kawasaki's E10

For the Apparel Manufacturing subindustry, Kawasaki'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.


Kawasaki's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kawasaki's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=28.11/106.9000*106.9000
=28.110

Current CPI (Feb. 2024) = 106.9000.

Kawasaki Quarterly Data

per share eps CPI Adj_EPS
201405 17.100 98.100 18.634
201408 -29.645 98.300 -32.239
201411 37.270 97.900 40.696
201502 -7.047 97.600 -7.718
201505 22.803 98.700 24.697
201508 12.721 98.400 13.820
201511 23.970 98.100 26.120
201602 -9.675 97.800 -10.575
201605 9.146 98.200 9.956
201608 -8.668 97.900 -9.465
201611 26.995 98.600 29.267
201702 14.905 98.100 16.242
201705 31.498 98.600 34.149
201708 -0.820 98.500 -0.890
201711 22.220 99.100 23.969
201802 10.280 99.500 11.045
201805 23.509 99.300 25.308
201808 11.350 99.800 12.157
201811 16.350 100.000 17.478
201902 42.159 99.700 45.204
201905 24.455 100.000 26.142
201908 29.310 100.000 31.332
201911 35.250 100.500 37.495
202002 26.460 100.300 28.201
202005 25.967 100.100 27.731
202008 0.140 100.100 0.150
202011 41.950 99.500 45.070
202102 141.569 99.800 151.641
202105 20.159 99.400 21.680
202108 17.608 99.700 18.880
202111 56.350 100.100 60.178
202202 20.366 100.700 21.620
202205 292.650 101.800 307.311
202208 2.030 102.700 2.113
202211 23.840 103.900 24.528
202302 11.668 104.000 11.993
202305 33.536 105.100 34.110
202308 26.418 105.900 26.667
202311 36.740 106.900 36.740
202402 28.110 106.900 28.110

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


Kawasaki  (TSE:3045) 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.

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

Shiller PE Ratio=Share Price/E10
=1310.00/122.95
=10.65

* 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 Kawasaki was 21.80. The lowest was 10.11. And the median was 14.30.


Be Aware

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


Kawasaki E10 Related Terms

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


Kawasaki (TSE:3045) Business Description

Traded in Other Exchanges
N/A
Address
Senboku-gun Chutoseoka cho Shinhahama 2 - chome 9 - 10, Osaka Prefecture, Tadaoka, JPN
Kawasaki & Co Ltd is engaged in the manufacturing and selling of clothing products. Its products include towels, handkerchiefs, bags, pouches, fashion accessories, and interior items, such as toiletries and bath products. It also has warehouse business, photovoltaic power generation business and Other business.

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