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Optim (TSE:3694) E10 : 円11.72 (As of Sep. 2024)


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What is Optim 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.

Optim's adjusted earnings per share data for the three months ended in Sep. 2024 was 円5.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円11.72 for the trailing ten years ended in Sep. 2024.

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 (2024-12-14), Optim's current stock price is 円728.00. Optim's E10 for the quarter that ended in Sep. 2024 was 円11.72. Optim's Shiller PE Ratio of today is 62.12.

During the past 11 years, the highest Shiller PE Ratio of Optim was 86.00. The lowest was 48.55. And the median was 59.43.


Optim E10 Historical Data

The historical data trend for Optim'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.

Optim E10 Chart

Optim Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 11.14

Optim Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - -1.54 11.14 11.31 11.72

Competitive Comparison of Optim's E10

For the Software - Infrastructure subindustry, Optim'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.


Optim's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Optim's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=5.24/108.9000*108.9000
=5.240

Current CPI (Sep. 2024) = 108.9000.

Optim Quarterly Data

per share eps CPI Adj_EPS
201412 1.130 97.900 1.257
201503 1.183 97.900 1.316
201506 1.184 98.400 1.310
201509 1.816 98.500 2.008
201512 1.145 98.100 1.271
201603 0.988 97.900 1.099
201606 2.438 98.100 2.706
201609 0.740 98.000 0.822
201612 1.085 98.400 1.201
201703 2.913 98.100 3.234
201706 1.373 98.500 1.518
201709 1.343 98.800 1.480
201712 -0.580 99.400 -0.635
201803 6.010 99.200 6.598
201806 -2.673 99.200 -2.934
201809 -2.978 99.900 -3.246
201812 -1.673 99.700 -1.827
201903 7.525 99.700 8.219
201906 -2.730 99.800 -2.979
201909 2.136 100.100 2.324
201912 -0.100 100.500 -0.108
202003 2.817 100.300 3.059
202006 0.230 99.900 0.251
202009 5.570 99.900 6.072
202012 5.680 99.300 6.229
202103 10.840 99.900 11.817
202106 2.450 99.500 2.681
202109 3.320 100.100 3.612
202112 2.100 100.100 2.285
202203 9.150 101.100 9.856
202206 1.230 101.800 1.316
202209 4.160 103.100 4.394
202212 1.820 104.100 1.904
202303 10.160 104.400 10.598
202306 2.690 105.200 2.785
202309 4.420 106.200 4.532
202312 5.670 106.800 5.781
202403 8.350 107.200 8.482
202406 1.690 108.200 1.701
202409 5.240 108.900 5.240

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


Optim  (TSE:3694) 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.

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

Shiller PE Ratio=Share Price/E10
=728.00/11.72
=62.12

* 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 11 years, the highest Shiller P/E Ratio of Optim was 86.00. The lowest was 48.55. And the median was 59.43.


Be Aware

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


Optim E10 Related Terms

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


Optim Business Description

Traded in Other Exchanges
N/A
Address
Atago Green Hills MORI Tower 19F, 2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6219
Optim Corp is engaged in the business of license sales and maintenance support service. The company offers IoT platform service, remote management service, support service, and other unique services. It provides services like sharing the screen of smartphones and tablet, repairing service for internet and smartphone, and provision of e-books, digital magazines and software packages.

Optim Headlines

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