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Imura (TSE:3955) E10 : 円65.22 (As of Jul. 2024)


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What is Imura 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.

Imura's adjusted earnings per share data for the three months ended in Jul. 2024 was 円49.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円65.22 for the trailing ten years ended in Jul. 2024.

During the past 12 months, Imura's average E10 Growth Rate was 14.00% per year. During the past 3 years, the average E10 Growth Rate was 25.60% per year. During the past 5 years, the average E10 Growth Rate was 33.50% 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 Imura was 38.80% per year. The lowest was 25.60% per year. And the median was 38.70% per year.

As of today (2024-09-26), Imura's current stock price is 円1145.00. Imura's E10 for the quarter that ended in Jul. 2024 was 円65.22. Imura's Shiller PE Ratio of today is 17.56.

During the past 13 years, the highest Shiller PE Ratio of Imura was 48.08. The lowest was 15.33. And the median was 21.63.


Imura E10 Historical Data

The historical data trend for Imura'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.

Imura E10 Chart

Imura Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.70 30.55 40.97 52.63 60.51

Imura Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 57.22 59.17 60.51 61.51 65.22

Competitive Comparison of Imura's E10

For the Paper & Paper Products subindustry, Imura'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.


Imura's Shiller PE Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Imura's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=49.62/108.6000*108.6000
=49.620

Current CPI (Jul. 2024) = 108.6000.

Imura Quarterly Data

per share eps CPI Adj_EPS
201410 -4.260 98.200 -4.711
201501 -16.180 97.800 -17.967
201504 20.120 98.400 22.206
201507 19.820 98.300 21.897
201510 -11.706 98.500 -12.906
201601 18.630 97.700 20.708
201604 17.080 98.100 18.908
201607 24.912 97.900 27.635
201610 -1.030 98.600 -1.134
201701 -2.290 98.200 -2.533
201704 23.970 98.500 26.428
201707 15.430 98.300 17.047
201710 -3.180 98.800 -3.495
201801 3.670 99.500 4.006
201804 18.300 99.100 20.054
201807 7.010 99.200 7.674
201810 -2.020 100.200 -2.189
201901 2.750 99.700 2.995
201904 14.760 100.000 16.029
201907 32.780 99.800 35.670
201910 -4.700 100.400 -5.084
202001 5.430 100.500 5.868
202004 25.400 100.200 27.529
202007 38.290 100.000 41.583
202010 -0.220 99.800 -0.239
202101 1.170 99.800 1.273
202104 31.200 99.100 34.191
202107 39.990 99.700 43.560
202110 24.840 99.900 27.003
202201 2.250 100.300 2.436
202204 30.450 101.500 32.580
202207 44.720 102.300 47.474
202210 9.040 103.700 9.467
202301 16.470 104.700 17.083
202304 26.400 105.100 27.279
202307 45.190 105.700 46.430
202310 10.080 107.100 10.221
202401 12.430 106.900 12.628
202404 24.810 107.700 25.017
202407 49.620 108.600 49.620

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


Imura  (TSE:3955) 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.

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

Shiller PE Ratio=Share Price/E10
=1145.00/65.22
=17.56

* 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 Imura was 48.08. The lowest was 15.33. And the median was 21.63.


Be Aware

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


Imura E10 Related Terms

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


Imura Business Description

Traded in Other Exchanges
N/A
Address
2-1-13 Uchi-Honcho, Tyuuou-Ku, Osaka, JPN
Imura & Co Ltd is a Japan-based company engages in the production of paper and paper products such as bags, envelopes, and stationery. It provides envelope manufacturing and non-woven material production of print, direct mail, and information processing services.

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