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Adventure (TSE:6030) E10 : 円79.11 (As of Mar. 2024)


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What is Adventure 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.

Adventure's adjusted earnings per share data for the three months ended in Mar. 2024 was 円42.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円79.11 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-20), Adventure's current stock price is 円4970.00. Adventure's E10 for the quarter that ended in Mar. 2024 was 円79.11. Adventure's Shiller PE Ratio of today is 62.82.

During the past 10 years, the highest Shiller PE Ratio of Adventure was 61.12. The lowest was 40.07. And the median was 42.35.


Adventure E10 Historical Data

The historical data trend for Adventure'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.

Adventure E10 Chart

Adventure Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Adventure 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 - - - - 79.11

Competitive Comparison of Adventure's E10

For the Travel Services subindustry, Adventure'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.


Adventure's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Adventure's Shiller PE Ratio distribution charts can be found below:

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



Adventure 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, Adventure'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)
=42.08/107.2000*107.2000
=42.080

Current CPI (Mar. 2024) = 107.2000.

Adventure Quarterly Data

per share eps CPI Adj_EPS
201406 -103.140 98.000 -112.823
201409 8.890 98.500 9.675
201412 1.877 97.900 2.055
201503 0.987 97.900 1.081
201506 6.143 98.400 6.692
201509 3.803 98.500 4.139
201512 10.260 98.100 11.212
201603 8.607 97.900 9.425
201606 -1.187 98.100 -1.297
201609 12.607 98.000 13.791
201612 10.270 98.400 11.188
201703 7.803 98.100 8.527
201706 4.890 98.500 5.322
201709 12.890 98.800 13.986
201712 14.840 99.400 16.005
201803 12.500 99.200 13.508
201806 9.740 99.200 10.525
201809 42.910 99.900 46.046
201812 -9.970 99.700 -10.720
201903 40.920 99.700 43.998
201906 -46.590 99.800 -50.045
201909 26.170 100.100 28.026
201912 65.180 100.500 69.525
202003 5.140 100.300 5.494
202006 -85.970 99.900 -92.252
202009 39.550 99.900 42.440
202012 23.740 99.300 25.629
202103 42.700 99.900 45.820
202106 19.800 99.500 21.332
202109 50.580 100.100 54.168
202112 39.500 100.100 42.302
202203 42.600 101.100 45.170
202206 84.880 101.800 89.382
202209 107.680 103.100 111.962
202212 12.950 104.100 13.336
202303 73.640 104.400 75.615
202306 39.240 105.200 39.986
202309 53.900 106.200 54.408
202312 24.270 106.800 24.361
202403 42.080 107.200 42.080

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


Adventure  (TSE:6030) 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.

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

Shiller PE Ratio=Share Price/E10
=4970.00/79.11
=62.82

* 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 10 years, the highest Shiller P/E Ratio of Adventure was 61.12. The lowest was 40.07. And the median was 42.35.


Be Aware

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


Adventure E10 Related Terms

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


Adventure (TSE:6030) Business Description

Traded in Other Exchanges
Address
4-20-3 Ebisu, 24th Floor, Yebisu Garden Place Tower, Shibuya Ward, Tokyo, JPN, 150-6024
Adventure Inc engages in the provision of online travel services. It operates Skyticket and WANNATRIP website portals. The Skyticket website portal offers online ticket booking services for multiple airlines, both domestic and overseas. The WANNATRIP website portal offers package tours and cruise travel to various destinations.

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