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SRA Holdings (TSE:3817) E10 : 円175.88 (As of Dec. 2023)


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What is SRA Holdings 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.

SRA Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was 円57.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円175.88 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SRA Holdings's average E10 Growth Rate was 0.60% per year. During the past 3 years, the average E10 Growth Rate was 8.70% per year. During the past 5 years, the average E10 Growth Rate was 2.80% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SRA Holdings was 8.70% per year. The lowest was -1.80% per year. And the median was 5.20% per year.

As of today (2024-05-11), SRA Holdings's current stock price is 円3995.00. SRA Holdings's E10 for the quarter that ended in Dec. 2023 was 円175.88. SRA Holdings's Shiller PE Ratio of today is 22.71.

During the past 13 years, the highest Shiller PE Ratio of SRA Holdings was 26.16. The lowest was 15.95. And the median was 19.66.


SRA Holdings E10 Historical Data

The historical data trend for SRA Holdings'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.

SRA Holdings E10 Chart

SRA Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132.74 119.14 133.60 154.73 153.06

SRA Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 174.79 153.06 170.62 173.35 175.88

Competitive Comparison of SRA Holdings's E10

For the Information Technology Services subindustry, SRA Holdings'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.


SRA Holdings's Shiller PE Ratio Distribution in the Software Industry

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

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



SRA Holdings 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, SRA Holdings's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=57.54/106.8000*106.8000
=57.540

Current CPI (Dec. 2023) = 106.8000.

SRA Holdings Quarterly Data

per share eps CPI Adj_EPS
201403 79.480 95.700 88.699
201406 -46.320 98.000 -50.479
201409 38.060 98.500 41.267
201412 86.570 97.900 94.440
201503 57.582 97.900 62.817
201506 33.680 98.400 36.555
201509 46.170 98.500 50.060
201512 58.940 98.100 64.167
201603 -101.160 97.900 -110.356
201606 26.960 98.100 29.351
201609 49.690 98.000 54.152
201612 85.130 98.400 92.397
201703 55.100 98.100 59.987
201706 35.000 98.500 37.949
201709 58.870 98.800 63.637
201712 -37.370 99.400 -40.152
201803 110.470 99.200 118.933
201806 40.570 99.200 43.678
201809 28.520 99.900 30.490
201812 53.000 99.700 56.774
201903 41.988 99.700 44.978
201906 4.340 99.800 4.644
201909 -96.030 100.100 -102.458
201912 -15.460 100.500 -16.429
202003 57.469 100.300 61.193
202006 20.650 99.900 22.076
202009 63.770 99.900 68.175
202012 72.030 99.300 77.470
202103 92.648 99.900 99.047
202106 59.690 99.500 64.069
202109 77.247 100.100 82.417
202112 46.830 100.100 49.964
202203 105.970 101.100 111.945
202206 94.250 101.800 98.879
202209 113.200 103.100 117.262
202212 11.560 104.100 11.860
202303 -148.460 104.400 -151.873
202306 115.370 105.200 117.125
202309 115.930 106.200 116.585
202312 57.540 106.800 57.540

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


SRA Holdings  (TSE:3817) 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.

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

Shiller PE Ratio=Share Price/E10
=3995.00/175.88
=22.71

* 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 SRA Holdings was 26.16. The lowest was 15.95. And the median was 19.66.


Be Aware

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


SRA Holdings E10 Related Terms

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


SRA Holdings (TSE:3817) Business Description

Traded in Other Exchanges
N/A
Address
2-32-8 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore.

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