GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandes Inc (TSE:3261) » Definitions » E10

Grandes (TSE:3261) E10 : 円49.65 (As of Jun. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Grandes 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.

Grandes's adjusted earnings per share data for the three months ended in Jun. 2024 was 円0.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円49.65 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Grandes's average E10 Growth Rate was 3.80% 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.

As of today (2025-03-23), Grandes's current stock price is 円1035.00. Grandes's E10 for the quarter that ended in Jun. 2024 was 円49.65. Grandes's Shiller PE Ratio of today is 20.85.

During the past 13 years, the highest Shiller PE Ratio of Grandes was 27.92. The lowest was 6.82. And the median was 7.84.


Grandes E10 Historical Data

The historical data trend for Grandes'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.

Grandes E10 Chart

Grandes 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 - - - 49.84 50.90

Grandes Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 47.81 49.98 50.90 50.44 49.65

Competitive Comparison of Grandes's E10

For the Real Estate Services subindustry, Grandes'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.87/108.2000*108.2000
=0.870

Current CPI (Jun. 2024) = 108.2000.

Grandes Quarterly Data

per share eps CPI Adj_EPS
201409 6.850 98.500 7.525
201412 22.650 97.900 25.033
201503 1.530 97.900 1.691
201506 2.893 98.400 3.181
201509 17.403 98.500 19.117
201512 14.797 98.100 16.320
201603 8.493 97.900 9.387
201606 8.900 98.100 9.816
201609 4.207 98.000 4.645
201612 29.630 98.400 32.581
201703 -0.993 98.100 -1.095
201706 20.463 98.500 22.478
201709 18.607 98.800 20.377
201712 18.840 99.400 20.508
201803 6.850 99.200 7.471
201806 23.360 99.200 25.479
201809 12.390 99.900 13.419
201812 24.242 99.700 26.309
201903 5.460 99.700 5.925
201906 12.134 99.800 13.155
201909 40.260 100.100 43.518
201912 8.369 100.500 9.010
202003 -4.310 100.300 -4.649
202006 6.400 99.900 6.932
202009 4.590 99.900 4.971
202012 16.478 99.300 17.955
202103 -2.840 99.900 -3.076
202106 23.780 99.500 25.859
202109 10.500 100.100 11.350
202112 19.280 100.100 20.840
202203 -3.220 101.100 -3.446
202206 10.190 101.800 10.831
202209 -2.083 103.100 -2.186
202212 13.876 104.100 14.423
202303 -20.770 104.400 -21.526
202306 13.370 105.200 13.751
202309 37.626 106.200 38.335
202312 20.830 106.800 21.103
202403 8.210 107.200 8.287
202406 0.870 108.200 0.870

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


Grandes  (TSE:3261) 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.

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

Shiller PE Ratio=Share Price/E10
=1035.00/49.65
=20.85

* 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 Grandes was 27.92. The lowest was 6.82. And the median was 7.84.


Be Aware

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


Grandes E10 Related Terms

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


Grandes Business Description

Traded in Other Exchanges
N/A
Address
No. 1 No. 10 2-chome, Walker Building, 3rd Floor, Oita, JPN
Grandes Inc is engages in the construction and sale of real estate properties primarily in Japan. It is involved in the planning, development and provision of wooded detached houses named FORLUX in Oita and Beppu in Japan.

Grandes Headlines

No Headlines