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KOSE (TSE:4922) E10 : 円402.44 (As of Sep. 2024)


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What is KOSE 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.

KOSE's adjusted earnings per share data for the three months ended in Sep. 2024 was 円26.952. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円402.44 for the trailing ten years ended in Sep. 2024.

During the past 12 months, KOSE's average E10 Growth Rate was -100.00% 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 KOSE was 12.70% per year. The lowest was 6.90% per year. And the median was 10.80% per year.

As of today (2025-03-14), KOSE's current stock price is 円6812.00. KOSE's E10 for the quarter that ended in Sep. 2024 was 円402.44. KOSE's Shiller PE Ratio of today is 16.93.

During the past 13 years, the highest Shiller PE Ratio of KOSE was 114.47. The lowest was 15.49. And the median was 42.01.


KOSE E10 Historical Data

The historical data trend for KOSE'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.

KOSE E10 Chart

KOSE Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 314.85 322.42 374.56 384.41 -

KOSE 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 384.41 393.31 402.95 402.44 -

Competitive Comparison of KOSE's E10

For the Household & Personal Products subindustry, KOSE'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.


KOSE's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KOSE's Shiller PE Ratio distribution charts can be found below:

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



KOSE 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, KOSE'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)
=26.952/108.9000*108.9000
=26.952

Current CPI (Sep. 2024) = 108.9000.

KOSE Quarterly Data

per share eps CPI Adj_EPS
201412 101.550 97.900 112.960
201503 37.233 97.900 41.416
201506 85.350 98.400 94.457
201509 106.630 98.500 117.888
201512 124.006 98.100 137.658
201603 11.044 97.900 12.285
201606 92.150 98.100 102.295
201609 84.380 98.000 93.765
201612 149.848 98.400 165.838
201703 53.270 98.100 59.135
201706 151.240 98.500 167.208
201709 115.436 98.800 127.237
201712 166.747 99.400 182.684
201803 103.190 99.200 113.280
201806 234.790 99.200 257.748
201809 154.630 99.900 168.561
201812 187.853 99.700 205.187
201903 71.419 99.700 78.009
201906 147.620 99.800 161.080
201909 171.300 100.100 186.359
201912 117.120 100.500 126.909
202003 31.713 100.300 34.432
202006 27.900 99.900 30.414
202009 26.330 99.900 28.702
202012 97.950 99.300 107.419
202103 57.930 99.900 63.149
202106 41.690 99.500 45.629
202109 54.000 100.100 58.747
202112 138.170 100.100 150.317
202203 25.200 101.100 27.144
202206 130.516 101.800 139.619
202209 86.890 103.100 91.778
202212 86.409 104.100 90.393
202303 68.320 104.400 71.265
202306 84.130 105.200 87.089
202309 78.000 106.200 79.983
202312 -26.026 106.800 -26.538
202403 121.690 107.200 123.620
202406 81.780 108.200 82.309
202409 26.952 108.900 26.952

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


KOSE  (TSE:4922) 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.

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

Shiller PE Ratio=Share Price/E10
=6812.00/402.44
=16.93

* 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 KOSE was 114.47. The lowest was 15.49. And the median was 42.01.


Be Aware

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


KOSE E10 Related Terms

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


KOSE Business Description

Traded in Other Exchanges
Address
3-6-2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8251
Kose is the third-largest cosmetics company in Japan and the second in the premium segment, and is renowned for its prestige skincare brands including Decorte and Albion. The firm has been managed by the Kobayashi family since it was established in 1946. Albion, a fully consolidated subsidiary in which Kose holds a 79.5% stake, is operated independently by another branch of the Kobayashi family. The group, with a collection 37 brands/lines spanning a wide range of price points, has captured 13.6% of Japan's premium beauty segment, according to Euromonitor. Japan remains the largest market contributing over 60% of sales, followed by North America and Europe (22%). Its distribution channels include department stores, specialty retailers, drugstores, travel retailers, and e-commerce.

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