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Tadano (TSE:6395) E10 : 円75.45 (As of Sep. 2024)


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What is Tadano 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.

Tadano's adjusted earnings per share data for the three months ended in Sep. 2024 was 円28.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円75.45 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tadano's average E10 Growth Rate was -3.90% per year. During the past 3 years, the average E10 Growth Rate was 0.20% per year. During the past 5 years, the average E10 Growth Rate was 1.70% 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 Tadano was 4.40% per year. The lowest was -0.70% per year. And the median was 0.20% per year.

As of today (2025-03-05), Tadano's current stock price is 円1048.50. Tadano's E10 for the quarter that ended in Sep. 2024 was 円75.45. Tadano's Shiller PE Ratio of today is 13.90.

During the past 13 years, the highest Shiller PE Ratio of Tadano was 27.32. The lowest was 8.87. And the median was 14.19.


Tadano E10 Historical Data

The historical data trend for Tadano'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.

Tadano E10 Chart

Tadano Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.71 77.98 72.97 81.68 78.53

Tadano Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 78.53 76.86 76.86 75.45 -

Competitive Comparison of Tadano's E10

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=28.27/108.9000*108.9000
=28.270

Current CPI (Sep. 2024) = 108.9000.

Tadano Quarterly Data

per share eps CPI Adj_EPS
201412 42.850 97.900 47.665
201503 38.977 97.900 43.356
201506 37.440 98.400 41.435
201509 47.235 98.500 52.222
201512 35.350 98.100 39.242
201603 34.899 97.900 38.820
201606 31.600 98.100 35.079
201609 23.470 98.000 26.080
201612 24.000 98.400 26.561
201703 14.759 98.100 16.384
201706 15.690 98.500 17.347
201709 31.450 98.800 34.665
201712 8.529 99.400 9.344
201803 18.490 99.200 20.298
201806 14.210 99.200 15.599
201809 18.020 99.900 19.643
201812 6.989 99.700 7.634
201903 51.299 99.700 56.033
201906 5.050 99.800 5.510
201909 36.547 100.100 39.760
201912 4.070 100.500 4.410
202003 5.130 100.300 5.570
202006 -8.090 99.900 -8.819
202009 -12.177 99.900 -13.274
202012 -40.290 99.300 -44.185
202103 -41.990 99.900 -45.773
202106 84.070 99.500 92.012
202109 5.790 100.100 6.299
202112 -0.710 100.100 -0.772
202203 14.180 101.100 15.274
202206 14.860 101.800 15.896
202209 0.740 103.100 0.782
202212 1.830 104.100 1.914
202303 6.680 104.400 6.968
202306 18.934 105.200 19.600
202309 13.293 106.200 13.631
202312 22.340 106.800 22.779
202403 15.870 107.200 16.122
202406 24.974 108.200 25.136
202409 28.270 108.900 28.270

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


Tadano  (TSE:6395) 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.

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

Shiller PE Ratio=Share Price/E10
=1048.50/75.45
=13.90

* 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 Tadano was 27.32. The lowest was 8.87. And the median was 14.19.


Be Aware

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


Tadano E10 Related Terms

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


Tadano Business Description

Traded in Other Exchanges
Address
34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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