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Ascot (TSE:3264) E10 : 円9.82 (As of Mar. 2024)


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What is Ascot 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.

Ascot's adjusted earnings per share data for the three months ended in Mar. 2024 was 円-0.793. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円9.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ascot's average E10 Growth Rate was -0.50% per year. During the past 3 years, the average E10 Growth Rate was 21.20% 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 Ascot was 103.90% per year. The lowest was 21.20% per year. And the median was 62.55% per year.

As of today (2024-06-19), Ascot's current stock price is 円162.00. Ascot's E10 for the quarter that ended in Mar. 2024 was 円9.82. Ascot's Shiller PE Ratio of today is 16.50.

During the past 13 years, the highest Shiller PE Ratio of Ascot was 248.78. The lowest was 11.45. And the median was 31.34.


Ascot E10 Historical Data

The historical data trend for Ascot'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.

Ascot E10 Chart

Ascot Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 5.56 5.36 9.66 9.90

Ascot Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.87 10.68 9.90 10.04 9.82

Competitive Comparison of Ascot's E10

For the Real Estate - Diversified subindustry, Ascot'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.793/107.2000*107.2000
=-0.793

Current CPI (Mar. 2024) = 107.2000.

Ascot Quarterly Data

per share eps CPI Adj_EPS
201406 -2.553 98.000 -2.793
201409 9.220 98.500 10.034
201412 -0.610 97.900 -0.668
201503 1.470 97.900 1.610
201506 6.950 98.400 7.572
201509 7.390 98.500 8.043
201512 0.740 98.100 0.809
201603 3.910 97.900 4.281
201606 -3.921 98.100 -4.285
201609 12.924 98.000 14.137
201612 -5.090 98.400 -5.545
201703 3.390 98.100 3.704
201706 -2.684 98.500 -2.921
201709 9.028 98.800 9.796
201712 0.830 99.400 0.895
201803 -2.970 99.200 -3.210
201806 -1.680 99.200 -1.815
201809 11.196 99.900 12.014
201812 -4.660 99.700 -5.011
201903 0.270 99.700 0.290
201906 6.412 99.800 6.887
201909 4.560 100.100 4.883
201912 2.300 100.500 2.453
202003 12.825 100.300 13.707
202006 -0.882 99.900 -0.946
202009 -1.080 99.900 -1.159
202012 9.300 99.300 10.040
202103 -0.901 99.900 -0.967
202106 1.620 99.500 1.745
202109 -7.010 100.100 -7.507
202112 2.030 100.100 2.174
202203 -0.200 101.100 -0.212
202206 2.650 101.800 2.791
202209 11.270 103.100 11.718
202212 1.800 104.100 1.854
202303 -0.600 104.400 -0.616
202306 3.400 105.200 3.465
202309 2.340 106.200 2.362
202312 -0.610 106.800 -0.612
202403 -0.793 107.200 -0.793

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


Ascot  (TSE:3264) 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.

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

Shiller PE Ratio=Share Price/E10
=162.00/9.82
=16.50

* 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 Ascot was 248.78. The lowest was 11.45. And the median was 31.34.


Be Aware

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


Ascot E10 Related Terms

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


Ascot (TSE:3264) Business Description

Traded in Other Exchanges
N/A
Address
20 Araki-Cho, Tokyo, JPN
Ascot Corp operates in the Japanese real estate industry. The company is engaged in developing Condominiums, Free-standing houses, Townhouses, and Apartments. The company also provides real estate solutions like property value enhancement, real estate consulting, and real estate brokerage services.

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