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CyberAgent (TSE:4751) E10 : 円26.81 (As of Mar. 2024)


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What is CyberAgent 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.

CyberAgent's adjusted earnings per share data for the three months ended in Mar. 2024 was 円20.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円26.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CyberAgent's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 16.20% per year. During the past 5 years, the average E10 Growth Rate was 12.30% 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 CyberAgent was 17.20% per year. The lowest was -3.30% per year. And the median was 14.05% per year.

As of today (2024-04-26), CyberAgent's current stock price is 円976.50. CyberAgent's E10 for the quarter that ended in Mar. 2024 was 円26.81. CyberAgent's Shiller PE Ratio of today is 36.42.

During the past 13 years, the highest Shiller PE Ratio of CyberAgent was 142.86. The lowest was 30.04. And the median was 62.57.


CyberAgent E10 Historical Data

The historical data trend for CyberAgent'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.

CyberAgent E10 Chart

CyberAgent Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.32 16.40 22.76 26.27 25.74

CyberAgent 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 25.09 25.36 25.74 25.33 26.81

Competitive Comparison of CyberAgent's E10

For the Advertising Agencies subindustry, CyberAgent'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.


CyberAgent's Shiller PE Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CyberAgent's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.41/107.2000*107.2000
=20.410

Current CPI (Mar. 2024) = 107.2000.

CyberAgent Quarterly Data

per share eps CPI Adj_EPS
201406 1.718 98.000 1.879
201409 7.448 98.500 8.106
201412 12.665 97.900 13.868
201503 6.963 97.900 7.624
201506 4.793 98.400 5.222
201509 4.970 98.500 5.409
201512 11.733 98.100 12.821
201603 10.600 97.900 11.607
201606 2.043 98.100 2.233
201609 2.603 98.000 2.847
201612 2.625 98.400 2.860
201703 2.578 98.100 2.817
201706 0.753 98.500 0.820
201709 2.005 98.800 2.175
201712 4.668 99.400 5.034
201803 3.620 99.200 3.912
201806 1.310 99.200 1.416
201809 -0.383 99.900 -0.411
201812 1.690 99.700 1.817
201903 0.288 99.700 0.310
201906 1.265 99.800 1.359
201909 -0.190 100.100 -0.203
201912 2.705 100.500 2.885
202003 6.175 100.300 6.600
202006 2.060 99.900 2.211
202009 1.340 99.900 1.438
202012 5.460 99.300 5.894
202103 20.200 99.900 21.676
202106 36.310 99.500 39.120
202109 15.930 100.100 17.060
202112 11.390 100.100 12.198
202203 20.750 101.100 22.002
202206 6.620 101.800 6.971
202209 6.570 103.100 6.831
202212 -9.880 104.100 -10.174
202303 15.600 104.400 16.018
202306 1.100 105.200 1.121
202309 3.260 106.200 3.291
202312 -0.930 106.800 -0.933
202403 20.410 107.200 20.410

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


CyberAgent  (TSE:4751) 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.

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

Shiller PE Ratio=Share Price/E10
=976.50/26.81
=36.42

* 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 CyberAgent was 142.86. The lowest was 30.04. And the median was 62.57.


Be Aware

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


CyberAgent E10 Related Terms

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


CyberAgent (TSE:4751) Business Description

Traded in Other Exchanges
Address
hibuya Mark City West 1-12-1 Dogenzaka, Shibuya-Ku, Tokyo, JPN, 150-0043
CyberAgent is one of the top digital advertising companies in Japan. Its main business is internet advertising, which accounts for over 50% of companywide revenue. Currently, it is one of the market leaders, with about 12% market share in the digital advertisement market, alongside Dentsu with 13% and Hakuhodo with 11%. It also operates a video game segment (about 20% of total revenue) and a media segment, which is mainly Abema, an online TV program streaming site (about 20% of total revenue).

CyberAgent (TSE:4751) Headlines

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