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Ohara (TSE:5218) E10 : 円34.42 (As of Oct. 2024)


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What is Ohara 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.

Ohara's adjusted earnings per share data for the three months ended in Oct. 2024 was 円16.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円34.42 for the trailing ten years ended in Oct. 2024.

During the past 12 months, Ohara's average E10 Growth Rate was 25.70% 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 Ohara was -51.40% per year. The lowest was -51.40% per year. And the median was -51.40% per year.

As of today (2025-04-08), Ohara's current stock price is 円928.00. Ohara's E10 for the quarter that ended in Oct. 2024 was 円34.42. Ohara's Shiller PE Ratio of today is 26.96.

During the past 13 years, the highest Shiller PE Ratio of Ohara was 601.35. The lowest was 27.43. And the median was 92.71.


Ohara E10 Historical Data

The historical data trend for Ohara'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.

Ohara E10 Chart

Ohara Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.58 -4.32 2.23 27.39 34.42

Ohara Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 27.66 29.42 32.21 34.42 -

Competitive Comparison of Ohara's E10

For the Electronic Components subindustry, Ohara'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.


Ohara's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ohara's Shiller PE Ratio distribution charts can be found below:

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


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

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=16.19/109.5000*109.5000
=16.190

Current CPI (Oct. 2024) = 109.5000.

Ohara Quarterly Data

per share eps CPI Adj_EPS
201501 3.270 97.800 3.661
201504 10.126 98.400 11.268
201507 17.799 98.300 19.827
201510 -8.774 98.500 -9.754
201601 -14.230 97.700 -15.949
201604 -0.220 98.100 -0.246
201607 -5.490 97.900 -6.141
201610 4.628 98.600 5.140
201701 8.340 98.200 9.300
201704 12.160 98.500 13.518
201707 31.300 98.300 34.866
201710 10.424 98.800 11.553
201801 17.800 99.500 19.589
201804 41.350 99.100 45.689
201807 40.460 99.200 44.661
201810 32.760 100.200 35.801
201901 -14.370 99.700 -15.782
201904 20.470 100.000 22.415
201907 0.173 99.800 0.190
201910 12.880 100.400 14.047
202001 -26.230 100.500 -28.579
202004 -20.400 100.200 -22.293
202007 -16.702 100.000 -18.289
202010 -111.014 99.800 -121.804
202101 -1.630 99.800 -1.788
202104 13.637 99.100 15.068
202107 22.340 99.700 24.536
202110 25.636 99.900 28.100
202201 23.010 100.300 25.121
202204 17.420 101.500 18.793
202207 24.230 102.300 25.935
202210 22.237 103.700 23.481
202301 24.770 104.700 25.906
202304 25.330 105.100 26.390
202307 13.740 105.700 14.234
202310 0.700 107.100 0.716
202401 4.770 106.900 4.886
202404 20.063 107.700 20.398
202407 23.330 108.600 23.523
202410 16.190 109.500 16.190

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


Ohara  (TSE:5218) 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.

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

Shiller PE Ratio=Share Price/E10
=928.00/34.42
=26.96

* 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 Ohara was 601.35. The lowest was 27.43. And the median was 92.71.


Be Aware

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


Ohara E10 Related Terms

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


Ohara Business Description

Traded in Other Exchanges
Address
1-15-30, Oyama, Chuo-ku, Kanagawa, Sagamihara-Shi, JPN, 252-5286
Ohara Inc is engaged in the manufacturing and sales of optical glass products and electronic products. It operates through the Optical and Electronics divisions. The Optical division manufactures and sells optical glass materials for digital-related products such as digital cameras and liquid crystal (LC) projectors, as well as a lens for mold presses, among others. The Electronics division manufactures and sells glass discs of hard disc drives that are used in mobile devices, high-homogenous glass materials and low-expansion glass-ceramic used in semiconductor manufacturing machinery and others. It derives prime revenue from the Optical business segment.

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