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Bridgestone (TSE:5108) E10 : 円399.79 (As of Jun. 2024)


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What is Bridgestone 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.

Bridgestone's adjusted earnings per share data for the three months ended in Jun. 2024 was 円164.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円399.79 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Bridgestone's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 11.30% per year. During the past 5 years, the average E10 Growth Rate was 7.60% 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 Bridgestone was 11.30% per year. The lowest was 0.10% per year. And the median was 5.90% per year.

As of today (2024-12-14), Bridgestone's current stock price is 円5308.00. Bridgestone's E10 for the quarter that ended in Jun. 2024 was 円399.79. Bridgestone's Shiller PE Ratio of today is 13.28.

During the past 13 years, the highest Shiller PE Ratio of Bridgestone was 19.70. The lowest was 10.32. And the median was 15.47.


Bridgestone E10 Historical Data

The historical data trend for Bridgestone'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.

Bridgestone E10 Chart

Bridgestone Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 299.99 279.88 324.22 356.72 385.85

Bridgestone Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 375.19 385.85 389.64 399.79 -

Competitive Comparison of Bridgestone's E10

For the Auto Parts subindustry, Bridgestone'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=164.09/108.2000*108.2000
=164.090

Current CPI (Jun. 2024) = 108.2000.

Bridgestone Quarterly Data

per share eps CPI Adj_EPS
201409 106.400 98.500 116.878
201412 95.560 97.900 105.614
201503 91.310 97.900 100.917
201506 93.140 98.400 102.416
201509 64.360 98.500 70.698
201512 113.710 98.100 125.417
201603 72.350 97.900 79.962
201606 84.900 98.100 93.641
201609 76.110 98.000 84.032
201612 105.160 98.400 115.633
201703 75.690 98.100 83.483
201706 93.840 98.500 103.081
201709 86.360 98.800 94.576
201712 119.120 99.400 129.666
201803 84.190 99.200 91.828
201806 94.570 99.200 103.150
201809 112.670 99.900 122.031
201812 95.850 99.700 104.022
201903 74.760 99.700 81.134
201906 58.900 99.800 63.858
201909 126.090 100.100 136.293
201912 73.220 100.500 78.830
202003 27.610 100.300 29.785
202006 -58.960 99.900 -63.859
202009 -2.950 99.900 -3.195
202012 1.160 99.300 1.264
202103 404.480 99.900 438.085
202106 95.110 99.500 103.426
202109 100.000 100.100 108.092
202112 -40.860 100.100 -44.166
202203 76.510 101.100 81.883
202206 55.970 101.800 59.489
202209 138.070 103.100 144.900
202212 161.510 104.100 167.871
202303 132.070 104.400 136.877
202306 134.450 105.200 138.284
202309 122.680 106.200 124.990
202312 94.200 106.800 95.435
202403 126.350 107.200 127.529
202406 164.090 108.200 164.090

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


Bridgestone  (TSE:5108) 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.

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

Shiller PE Ratio=Share Price/E10
=5308.00/399.79
=13.28

* 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 Bridgestone was 19.70. The lowest was 10.32. And the median was 15.47.


Be Aware

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


Bridgestone E10 Related Terms

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


Bridgestone Business Description

Address
1-1-3 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8340
Bridgestone Corp is engaged in developing, manufacturing and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters and others. Its tire operations include retread business, automotive maintenance and repairs, retail business and raw material supplies, as well as tire development, manufacturing, and marketing. Bridgestone also provides diversified products that include, industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.

Bridgestone Headlines

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