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Kureha (TSE:4023) E10 : 円208.45 (As of Sep. 2024)


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What is Kureha 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.

Kureha's adjusted earnings per share data for the three months ended in Sep. 2024 was 円52.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円208.45 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kureha's average E10 Growth Rate was 2.00% per year. During the past 3 years, the average E10 Growth Rate was 12.00% per year. During the past 5 years, the average E10 Growth Rate was 15.10% 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 Kureha was 19.90% per year. The lowest was 12.00% per year. And the median was 17.15% per year.

As of today (2025-03-25), Kureha's current stock price is 円2835.00. Kureha's E10 for the quarter that ended in Sep. 2024 was 円208.45. Kureha's Shiller PE Ratio of today is 13.60.

During the past 13 years, the highest Shiller PE Ratio of Kureha was 42.17. The lowest was 9.61. And the median was 16.56.


Kureha E10 Historical Data

The historical data trend for Kureha'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.

Kureha E10 Chart

Kureha 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 123.91 145.24 168.36 196.19 203.82

Kureha Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 205.74 203.82 209.70 208.45 -

Competitive Comparison of Kureha's E10

For the Specialty Chemicals subindustry, Kureha'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.


Kureha's Shiller PE Ratio Distribution in the Chemicals Industry

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

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



Kureha 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, Kureha'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)
=52.52/108.9000*108.9000
=52.520

Current CPI (Sep. 2024) = 108.9000.

Kureha Quarterly Data

per share eps CPI Adj_EPS
201412 113.100 97.900 125.808
201503 -19.733 97.900 -21.950
201506 23.667 98.400 26.192
201509 32.047 98.500 35.431
201512 7.967 98.100 8.844
201603 15.063 97.900 16.755
201606 -0.667 98.100 -0.740
201609 49.783 98.000 55.320
201612 68.793 98.400 76.134
201703 -6.140 98.100 -6.816
201706 25.820 98.500 28.546
201709 67.133 98.800 73.996
201712 60.563 99.400 66.351
201803 -1.473 99.200 -1.617
201806 40.310 99.200 44.252
201809 45.510 99.900 49.610
201812 94.363 99.700 103.071
201903 46.527 99.700 50.820
201906 62.907 99.800 68.643
201909 76.153 100.100 82.848
201912 209.567 100.500 227.083
202003 -116.163 100.300 -126.123
202006 34.977 99.900 38.128
202009 47.153 99.900 51.401
202012 118.863 99.300 130.354
202103 29.180 99.900 31.809
202106 56.347 99.500 61.670
202109 85.703 100.100 93.237
202112 85.127 100.100 92.611
202203 14.383 101.100 15.493
202206 93.123 101.800 99.618
202209 114.753 103.100 121.209
202212 93.220 104.100 97.518
202303 -13.460 104.400 -14.040
202306 55.653 105.200 57.610
202309 62.660 106.200 64.253
202312 62.210 106.800 63.433
202403 -7.640 107.200 -7.761
202406 52.670 108.200 53.011
202409 52.520 108.900 52.520

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


Kureha  (TSE:4023) 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.

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

Shiller PE Ratio=Share Price/E10
=2835.00/208.45
=13.60

* 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 Kureha was 42.17. The lowest was 9.61. And the median was 16.56.


Be Aware

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


Kureha E10 Related Terms

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


Kureha Business Description

Traded in Other Exchanges
N/A
Address
3-3-2, Nihonbashi-Hamacho, Chuo-ku, Tokyo, JPN, 103-8552
Kureha Corp manufactures and sells chemicals and chemical-based products in four segments based on product type. The specialty plastics segment, which generates more revenue than any other segment, sells plastic wrap used by consumers to package food, as well as commercial food packaging and fishing line. The advanced materials segment sells plastics such as polyvinylidene fluoride used in electronic materials and for water treatment, as well as carbon used in lithium ion batteries and industrial insulation. The specialty chemicals segment sells pharmaceuticals, agricultural chemicals, and industrial chemicals. The construction and other operations segment provides construction, engineering, and logistics services.

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