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Hoshizaki (TSE:6465) E10 : 円172.56 (As of Sep. 2024)


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What is Hoshizaki 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.

Hoshizaki's adjusted earnings per share data for the three months ended in Sep. 2024 was 円77.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円172.56 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Hoshizaki's average E10 Growth Rate was 8.70% per year. During the past 3 years, the average E10 Growth Rate was 9.70% per year. During the past 5 years, the average E10 Growth Rate was 7.80% 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 Hoshizaki was 9.70% per year. The lowest was 6.30% per year. And the median was 7.10% per year.

As of today (2025-03-14), Hoshizaki's current stock price is 円6275.00. Hoshizaki's E10 for the quarter that ended in Sep. 2024 was 円172.56. Hoshizaki's Shiller PE Ratio of today is 36.36.

During the past 13 years, the highest Shiller PE Ratio of Hoshizaki was 61.38. The lowest was 25.44. And the median was 34.36.


Hoshizaki E10 Historical Data

The historical data trend for Hoshizaki'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.

Hoshizaki E10 Chart

Hoshizaki Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 120.55 131.22 144.78 159.34 -

Hoshizaki 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 159.34 162.87 168.15 172.56 -

Competitive Comparison of Hoshizaki's E10

For the Specialty Industrial Machinery subindustry, Hoshizaki'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.


Hoshizaki's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hoshizaki's Shiller PE Ratio distribution charts can be found below:

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



Hoshizaki 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, Hoshizaki'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)
=77.43/108.9000*108.9000
=77.430

Current CPI (Sep. 2024) = 108.9000.

Hoshizaki Quarterly Data

per share eps CPI Adj_EPS
201412 2.815 97.900 3.131
201503 30.435 97.900 33.855
201506 47.980 98.400 53.100
201509 28.650 98.500 31.675
201512 9.975 98.100 11.073
201603 32.150 97.900 35.762
201606 33.605 98.100 37.305
201609 46.755 98.000 51.955
201612 35.456 98.400 39.239
201703 42.055 98.100 46.685
201706 48.950 98.500 54.118
201709 54.975 98.800 60.595
201712 13.823 99.400 15.144
201803 39.440 99.200 43.297
201806 56.975 99.200 62.546
201809 59.005 99.900 64.321
201812 22.143 99.700 24.186
201903 48.615 99.700 53.101
201906 39.761 99.800 43.387
201909 53.603 100.100 58.315
201912 26.740 100.500 28.975
202003 38.000 100.300 41.258
202006 6.773 99.900 7.383
202009 28.085 99.900 30.615
202012 6.138 99.300 6.731
202103 53.785 99.900 58.630
202106 33.779 99.500 36.970
202109 34.590 100.100 37.631
202112 27.510 100.100 29.928
202203 54.580 101.100 58.791
202206 59.975 101.800 64.158
202209 66.705 103.100 70.458
202212 -15.750 104.100 -16.476
202303 60.110 104.400 62.701
202306 77.230 105.200 79.946
202309 69.854 106.200 71.630
202312 19.458 106.800 19.841
202403 63.550 107.200 64.558
202406 71.230 108.200 71.691
202409 77.430 108.900 77.430

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


Hoshizaki  (TSE:6465) 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.

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

Shiller PE Ratio=Share Price/E10
=6275.00/172.56
=36.36

* 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 Hoshizaki was 61.38. The lowest was 25.44. And the median was 34.36.


Be Aware

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


Hoshizaki E10 Related Terms

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


Hoshizaki Business Description

Traded in Other Exchanges
Address
South Building 3-16 Sakae-cho, Aichi, JPN, 470-1194
Hoshizaki Corporation manufactures/sells commercial food service equipment globally. The company's main products include refrigerators, ice machines, dishwashers, beer dispensers, and hygiene control equipment. Its products are used in mainly restaurants, supermarkets, cafeterias, and the agro-fishery industry. The company was formerly known as Hoshizaki Electric Co., Ltd. and changed its name to Hoshizaki Corporation in July 2016. Hoshizaki Corporation was founded in 1947 and its headquarters are in Toyoake (Aichi prefecture), Japan.

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