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AGC (TSE:5201) E10 : 円273.62 (As of Mar. 2024)


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What is AGC 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.

AGC's adjusted earnings per share data for the three months ended in Mar. 2024 was 円-98.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円273.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AGC's average E10 Growth Rate was 4.40% per year. During the past 3 years, the average E10 Growth Rate was 5.10% per year. During the past 5 years, the average E10 Growth Rate was -0.10% 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 AGC was 5.10% per year. The lowest was -3.70% per year. And the median was -2.05% per year.

As of today (2024-05-21), AGC's current stock price is 円5570.00. AGC's E10 for the quarter that ended in Mar. 2024 was 円273.62. AGC's Shiller PE Ratio of today is 20.36.

During the past 13 years, the highest Shiller PE Ratio of AGC was 23.48. The lowest was 8.20. And the median was 16.40.


AGC E10 Historical Data

The historical data trend for AGC'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.

AGC E10 Chart

AGC 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 285.84 245.89 263.53 255.35 285.83

AGC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 262.03 267.40 278.50 285.83 273.62

Competitive Comparison of AGC's E10

For the Specialty Chemicals subindustry, AGC'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.


AGC's Shiller PE Ratio Distribution in the Chemicals Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-98.9/107.2000*107.2000
=-98.900

Current CPI (Mar. 2024) = 107.2000.

AGC Quarterly Data

per share eps CPI Adj_EPS
201406 -15.200 98.000 -16.627
201409 20.050 98.500 21.821
201412 31.700 97.900 34.711
201503 19.900 97.900 21.790
201506 126.500 98.400 137.813
201509 37.750 98.500 41.084
201512 0.700 98.100 0.765
201603 38.100 97.900 41.719
201606 391.750 98.100 428.090
201609 25.320 98.000 27.697
201612 62.530 98.400 68.122
201703 86.250 98.100 94.251
201706 76.310 98.500 83.050
201709 100.180 98.800 108.697
201712 38.020 99.400 41.003
201803 109.260 99.200 118.071
201806 102.730 99.200 111.015
201809 74.460 99.900 79.901
201812 110.810 99.700 119.146
201903 70.290 99.700 75.578
201906 75.000 99.800 80.561
201909 -15.380 100.100 -16.471
201912 69.970 100.500 74.635
202003 60.910 100.300 65.100
202006 -9.460 99.900 -10.151
202009 9.300 99.900 9.980
202012 86.450 99.300 93.328
202103 129.610 99.900 139.081
202106 157.590 99.500 169.785
202109 295.120 100.100 316.053
202112 -25.380 100.100 -27.180
202203 137.400 101.100 145.690
202206 182.910 101.800 192.612
202209 123.970 103.100 128.900
202212 -459.780 104.100 -473.472
202303 99.650 104.400 102.323
202306 85.100 105.200 86.718
202309 79.320 106.200 80.067
202312 39.680 106.800 39.829
202403 -98.900 107.200 -98.900

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


AGC  (TSE:5201) 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.

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

Shiller PE Ratio=Share Price/E10
=5570.00/273.62
=20.36

* 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 AGC was 23.48. The lowest was 8.20. And the median was 16.40.


Be Aware

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


AGC E10 Related Terms

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


AGC (TSE:5201) Business Description

Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

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