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Pixta (TSE:3416) E10 : 円41.81 (As of Mar. 2024)


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What is Pixta 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.

Pixta's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was 円125.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円41.81 for the trailing ten years ended in Dec. 2023.

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 (2024-05-26), Pixta's current stock price is 円 754.00. Pixta's E10 for the fiscal year that ended in Dec. 2023 was 円41.81. Pixta's Shiller PE Ratio of today is 18.03.

During the past 10 years, the highest Shiller PE Ratio of Pixta was 30.21. The lowest was 18.03. And the median was 21.96.


Pixta E10 Historical Data

The historical data trend for Pixta'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.

Pixta E10 Chart

Pixta 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 - - - - 41.81

Pixta 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 - - - 41.81 -

Competitive Comparison of Pixta's E10

For the Internet Retail subindustry, Pixta'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.


Pixta's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pixta's Shiller PE Ratio distribution charts can be found below:

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



Pixta 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, Pixta's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=125.22/106.8000*106.8000
=125.220

Current CPI (Dec. 2023) = 106.8000.

Pixta Annual Data

per_share_eps CPI Adj_EPS
201412 46.870 97.900 51.131
201512 51.540 98.100 56.111
201612 44.350 98.400 48.136
201712 -2.700 99.400 -2.901
201812 9.120 99.700 9.769
201912 39.640 100.500 42.125
202012 -50.120 99.300 -53.905
202112 80.710 100.100 86.112
202212 54.910 104.100 56.334
202312 125.220 106.800 125.220

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


Pixta  (TSE:3416) 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.

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

Shiller PE Ratio=Share Price/E10
=754.00/41.81
=18.03

* 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 10 years, the highest Shiller P/E Ratio of Pixta was 30.21. The lowest was 18.03. And the median was 21.96.


Be Aware

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


Pixta E10 Related Terms

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


Pixta (TSE:3416) Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Shibuya 2-chome, Shibuya-ku, Temple International Building 5th Floor, Tokyo, JPN, 150-0002
Pixta Inc is a Japanese marketplace online site of stock photos, illustrations, vectors, and footage. It is sourced by diverse contributors such as stock photo agencies, professional photographers, illustrators, videographers and qualified amateur creators. Its images are used for various kinds of professional creative projects such as advertisements, Web design, publications, and TV programs.

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