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Toyo Tire (TSE:5105) E10 : 円192.86 (As of Sep. 2024)


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What is Toyo Tire 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.

Toyo Tire's adjusted earnings per share data for the three months ended in Sep. 2024 was 円85.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円192.86 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Toyo Tire's average E10 Growth Rate was 15.00% per year. During the past 3 years, the average E10 Growth Rate was 28.10% per year. During the past 5 years, the average E10 Growth Rate was 20.80% 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 Toyo Tire was 28.10% per year. The lowest was 11.20% per year. And the median was 18.15% per year.

As of today (2025-03-24), Toyo Tire's current stock price is 円2727.50. Toyo Tire's E10 for the quarter that ended in Sep. 2024 was 円192.86. Toyo Tire's Shiller PE Ratio of today is 14.14.

During the past 13 years, the highest Shiller PE Ratio of Toyo Tire was 42.07. The lowest was 10.49. And the median was 17.89.


Toyo Tire E10 Historical Data

The historical data trend for Toyo Tire'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.

Toyo Tire E10 Chart

Toyo Tire 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 82.86 110.82 133.45 174.00 -

Toyo Tire 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 174.00 181.62 190.24 192.86 -

Competitive Comparison of Toyo Tire's E10

For the Auto Parts subindustry, Toyo Tire'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.


Toyo Tire's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Shiller PE Ratio distribution charts can be found below:

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



Toyo Tire 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, Toyo Tire'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)
=85.67/108.9000*108.9000
=85.670

Current CPI (Sep. 2024) = 108.9000.

Toyo Tire Quarterly Data

per share eps CPI Adj_EPS
201412 60.850 97.900 67.687
201503 -24.120 97.900 -26.830
201506 -8.610 98.400 -9.529
201509 -1.252 98.500 -1.384
201512 47.158 98.100 52.350
201603 0.490 97.900 0.545
201606 16.457 98.100 18.269
201609 42.790 98.000 47.549
201612 -156.280 98.400 -172.956
201703 46.300 98.100 51.397
201706 40.914 98.500 45.234
201709 4.788 98.800 5.277
201712 29.860 99.400 32.714
201803 53.000 99.200 58.182
201806 2.660 99.200 2.920
201809 33.040 99.900 36.017
201812 -5.599 99.700 -6.116
201903 38.880 99.700 42.468
201906 11.450 99.800 12.494
201909 43.599 100.100 47.432
201912 66.592 100.500 72.158
202003 13.910 100.300 15.103
202006 -10.531 99.900 -11.480
202009 61.530 99.900 67.073
202012 10.980 99.300 12.042
202103 78.950 99.900 86.063
202106 55.349 99.500 60.578
202109 53.220 100.100 57.899
202112 81.097 100.100 88.226
202203 115.620 101.100 124.540
202206 85.940 101.800 91.934
202209 89.240 103.100 94.260
202212 20.709 104.100 21.664
202303 70.690 104.400 73.737
202306 118.470 105.200 122.637
202309 179.550 106.200 184.115
202312 100.703 106.800 102.683
202403 149.760 107.200 152.135
202406 123.050 108.200 123.846
202409 85.670 108.900 85.670

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


Toyo Tire  (TSE:5105) 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.

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

Shiller PE Ratio=Share Price/E10
=2727.50/192.86
=14.14

* 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 Toyo Tire was 42.07. The lowest was 10.49. And the median was 17.89.


Be Aware

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


Toyo Tire E10 Related Terms

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


Toyo Tire Business Description

Traded in Other Exchanges
Address
2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847
Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

Toyo Tire Headlines

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