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Achilles (TSE:5142) E10 : 円39.18 (As of Dec. 2023)


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What is Achilles 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.

Achilles's adjusted earnings per share data for the three months ended in Dec. 2023 was 円-539.427. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円39.18 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Achilles's average E10 Growth Rate was -63.40% per year. During the past 3 years, the average E10 Growth Rate was 4.50% per year. During the past 5 years, the average E10 Growth Rate was 8.40% 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 Achilles was 13.20% per year. The lowest was 4.50% per year. And the median was 10.90% per year.

As of today (2024-06-23), Achilles's current stock price is 円1556.00. Achilles's E10 for the quarter that ended in Dec. 2023 was 円39.18. Achilles's Shiller PE Ratio of today is 39.71.

During the past 13 years, the highest Shiller PE Ratio of Achilles was 41.35. The lowest was 11.18. And the median was 18.64.


Achilles E10 Historical Data

The historical data trend for Achilles'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.

Achilles E10 Chart

Achilles Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.90 84.02 95.75 108.68 95.87

Achilles Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 106.98 95.87 93.96 94.79 39.18

Competitive Comparison of Achilles's E10

For the Chemicals subindustry, Achilles'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.


Achilles's Shiller PE Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Achilles's Shiller PE Ratio distribution charts can be found below:

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



Achilles 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, Achilles's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-539.427/106.8000*106.8000
=-539.427

Current CPI (Dec. 2023) = 106.8000.

Achilles Quarterly Data

per share eps CPI Adj_EPS
201403 40.000 95.700 44.639
201406 5.400 98.000 5.885
201409 46.100 98.500 49.985
201412 11.200 97.900 12.218
201503 6.862 97.900 7.486
201506 69.600 98.400 75.541
201509 25.882 98.500 28.063
201512 29.020 98.100 31.594
201603 13.221 97.900 14.423
201606 17.080 98.100 18.595
201609 22.891 98.000 24.947
201612 44.198 98.400 47.971
201703 24.440 98.100 26.607
201706 47.570 98.500 51.578
201709 22.500 98.800 24.322
201712 38.090 99.400 40.926
201803 24.193 99.200 26.046
201806 23.180 99.200 24.956
201809 18.950 99.900 20.259
201812 -25.474 99.700 -27.288
201903 3.012 99.700 3.226
201906 18.010 99.800 19.273
201909 21.590 100.100 23.035
201912 40.510 100.500 43.049
202003 40.220 100.300 42.826
202006 111.610 99.900 119.319
202009 29.200 99.900 31.217
202012 28.581 99.300 30.740
202103 35.268 99.900 37.704
202106 14.560 99.500 15.628
202109 18.270 100.100 19.493
202112 23.363 100.100 24.927
202203 40.910 101.100 43.216
202206 8.550 101.800 8.970
202209 2.142 103.100 2.219
202212 -5.736 104.100 -5.885
202303 -84.867 104.400 -86.818
202306 -12.190 105.200 -12.375
202309 22.600 106.200 22.728
202312 -539.427 106.800 -539.427

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


Achilles  (TSE:5142) 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.

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

Shiller PE Ratio=Share Price/E10
=1556.00/39.18
=39.71

* 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 Achilles was 41.35. The lowest was 11.18. And the median was 18.64.


Be Aware

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


Achilles E10 Related Terms

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


Achilles (TSE:5142) Business Description

Traded in Other Exchanges
N/A
Address
22-5,Daikyo-Cho, Shinjuku-Ku, Tokyo, JPN, 160-8885
Achilles Corp engages in the manufacture and sale of shoes, plastic products, and industrial materials. It operates through the following segments: Shoes, Plastic, and Industrial Materials. The Shoe segment is involved in the production and sale of shoes. The Plastic segment includes automotive interior materials, floor and wall coverings, films, inflatable boards, and rubberized fabric. The Industrial Materials segment provides urethane, heat insulation products, industrial materials, and shock absorbers.

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