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Rakuten Group (TSE:4755) E10 : 円-51.65 (As of Mar. 2025)


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What is Rakuten Group 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.

Rakuten Group's adjusted earnings per share data for the three months ended in Mar. 2025 was 円-34.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-51.65 for the trailing ten years ended in Mar. 2025.

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 Rakuten Group was -11.90% per year. The lowest was -28.00% per year. And the median was -19.95% per year.

As of today (2025-07-23), Rakuten Group's current stock price is 円770.50. Rakuten Group's E10 for the quarter that ended in Mar. 2025 was 円-51.65. Rakuten Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Rakuten Group was 274.24. The lowest was 17.57. And the median was 30.79.


Rakuten Group E10 Historical Data

The historical data trend for Rakuten Group'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.

Rakuten Group E10 Chart

Rakuten Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.38 15.41 -9.82 -31.94 -46.86

Rakuten Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -35.40 -37.87 -43.18 -46.86 -51.65

Competitive Comparison of Rakuten Group's E10

For the Internet Retail subindustry, Rakuten Group'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.


Rakuten Group's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rakuten Group's Shiller PE Ratio distribution charts can be found below:

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


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Rakuten Group 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, Rakuten Group's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-34.09/111.1000*111.1000
=-34.090

Current CPI (Mar. 2025) = 111.1000.

Rakuten Group Quarterly Data

per share eps CPI Adj_EPS
201506 10.160 98.400 11.471
201509 10.380 98.500 11.708
201512 0.910 98.100 1.031
201603 8.440 97.900 9.578
201606 10.400 98.100 11.778
201609 12.080 98.000 13.695
201612 -4.160 98.400 -4.697
201703 17.530 98.100 19.853
201706 10.870 98.500 12.260
201709 23.500 98.800 26.426
201712 27.550 99.400 30.793
201803 12.830 99.200 14.369
201806 34.670 99.200 38.829
201809 31.900 99.900 35.476
201812 25.050 99.700 27.914
201903 76.750 99.700 85.526
201906 -3.500 99.800 -3.896
201909 -84.410 100.100 -93.686
201912 -13.120 100.500 -14.504
202003 -26.030 100.300 -28.833
202006 5.660 99.900 6.295
202009 -32.330 99.900 -35.955
202012 -31.400 99.300 -35.131
202103 -26.870 99.900 -29.882
202106 -25.550 99.500 -28.529
202109 -16.980 100.100 -18.846
202112 -18.780 100.100 -20.844
202203 -58.030 101.100 -63.770
202206 -54.250 101.800 -59.206
202209 -53.290 103.100 -57.425
202212 -72.330 104.100 -77.194
202303 -52.080 104.400 -55.422
202306 -32.290 105.200 -34.101
202309 -32.010 106.200 -33.487
202312 -63.910 106.800 -66.483
202403 -19.780 107.200 -20.500
202406 -15.640 108.200 -16.059
202409 -34.630 108.900 -35.330
202412 -5.580 110.700 -5.600
202503 -34.090 111.100 -34.090

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


Rakuten Group  (TSE:4755) 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.

During the past 13 years, the highest Shiller P/E Ratio of Rakuten Group was 274.24. The lowest was 17.57. And the median was 30.79.


Be Aware

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


Rakuten Group E10 Related Terms

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


Rakuten Group Business Description

Traded in Other Exchanges
Address
4-12-3 Higashishinagawa, Shinagawa Seaside Rakuten Tower, Shinagawa-ku, Tokyo, JPN, 140-0002
Rakuten is a leading e-commerce and fintech service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, Rakuten Securities, and became the fourth mobile network operator in Japan in April 2020. The loyalty program, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 80% of its revenue is generated from the Japanese market.

Rakuten Group Headlines

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