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Krosaki Harima (TSE:5352) E10 : 円180.71 (As of Dec. 2023)


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What is Krosaki Harima 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.

Krosaki Harima's adjusted earnings per share data for the three months ended in Dec. 2023 was 円86.481. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円180.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Krosaki Harima's average E10 Growth Rate was -100.00% 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 Krosaki Harima was 17.30% per year. The lowest was 5.60% per year. And the median was 9.50% per year.

As of today (2024-06-24), Krosaki Harima's current stock price is 円2805.00. Krosaki Harima's E10 for the quarter that ended in Dec. 2023 was 円180.71. Krosaki Harima's Shiller PE Ratio of today is 15.52.

During the past 13 years, the highest Shiller PE Ratio of Krosaki Harima was 27.59. The lowest was 6.09. And the median was 10.75.


Krosaki Harima E10 Historical Data

The historical data trend for Krosaki Harima'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.

Krosaki Harima E10 Chart

Krosaki Harima Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 117.47 118.70 129.77 154.31 -

Krosaki Harima 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 154.31 163.20 173.92 180.71 -

Competitive Comparison of Krosaki Harima's E10

For the Building Materials subindustry, Krosaki Harima'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.


Krosaki Harima's Shiller PE Ratio Distribution in the Building Materials Industry

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

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



Krosaki Harima 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, Krosaki Harima'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)
=86.481/106.8000*106.8000
=86.481

Current CPI (Dec. 2023) = 106.8000.

Krosaki Harima Quarterly Data

per share eps CPI Adj_EPS
201403 7.882 95.700 8.796
201406 13.450 98.000 14.658
201409 20.300 98.500 22.011
201412 5.950 97.900 6.491
201503 7.823 97.900 8.534
201506 22.575 98.400 24.502
201509 27.796 98.500 30.138
201512 34.167 98.100 37.197
201603 24.375 97.900 26.591
201606 26.025 98.100 28.333
201609 35.228 98.000 38.391
201612 56.458 98.400 61.278
201703 13.489 98.100 14.685
201706 44.065 98.500 47.778
201709 36.791 98.800 39.770
201712 56.565 99.400 60.776
201803 30.285 99.200 32.605
201806 58.065 99.200 62.514
201809 50.337 99.900 53.814
201812 67.957 99.700 72.796
201903 57.053 99.700 61.116
201906 44.480 99.800 47.600
201909 49.490 100.100 52.803
201912 47.500 100.500 50.478
202003 49.770 100.300 52.995
202006 31.200 99.900 33.355
202009 18.905 99.900 20.211
202012 39.008 99.300 41.954
202103 39.506 99.900 42.235
202106 45.038 99.500 48.342
202109 44.522 100.100 47.502
202112 42.711 100.100 45.570
202203 30.685 101.100 32.415
202206 63.765 101.800 66.897
202209 42.391 103.100 43.912
202212 51.430 104.100 52.764
202303 88.250 104.400 90.279
202306 91.383 105.200 92.773
202309 105.125 106.200 105.719
202312 86.481 106.800 86.481

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


Krosaki Harima  (TSE:5352) 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.

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

Shiller PE Ratio=Share Price/E10
=2805.00/180.71
=15.52

* 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 Krosaki Harima was 27.59. The lowest was 6.09. And the median was 10.75.


Be Aware

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


Krosaki Harima E10 Related Terms

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


Krosaki Harima (TSE:5352) Business Description

Traded in Other Exchanges
Address
1-1, Higashihama-machi, Yahatanishi-ku, Kitakyushu, JPN, 806-8586
Krosaki Harima Corp manufactures and sells refractory and ceramic products. Its refractory products include blast furnace, hot stove, coke oven, torpedo ladle, electric arc furnace, steel ladle, and continuous casting refractories, as well as oxygen converter refractories for basic oxygen steelmaking processes, and monolithic refractories for furnace repair/equipment; and walking beam and hearth, pusher, rotary hearth, double walking beam, roller hearth, batch-type reheating, tunnel kiln, and other industrial furnaces. It also provides advanced ceramic materials, including low thermal expansion, oxide engineering, and machinable ceramics; thin flat heaters, hot plates, and jacket heaters. In addition, it is involved in the furnace construction and maintenance activities.

Krosaki Harima (TSE:5352) Headlines

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