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NSK (TSE:6471) E10 : 円69.20 (As of Sep. 2024)


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What is NSK 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.

NSK's adjusted earnings per share data for the three months ended in Sep. 2024 was 円0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円69.20 for the trailing ten years ended in Sep. 2024.

During the past 12 months, NSK's average E10 Growth Rate was -6.50% per year. During the past 3 years, the average E10 Growth Rate was -0.60% per year. During the past 5 years, the average E10 Growth Rate was -1.20% 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 NSK was 5.60% per year. The lowest was -1.70% per year. And the median was 0.70% per year.

As of today (2025-03-24), NSK's current stock price is 円679.90. NSK's E10 for the quarter that ended in Sep. 2024 was 円69.20. NSK's Shiller PE Ratio of today is 9.83.

During the past 13 years, the highest Shiller PE Ratio of NSK was 33.78. The lowest was 7.36. And the median was 12.17.


NSK E10 Historical Data

The historical data trend for NSK'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.

NSK E10 Chart

NSK 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 79.74 74.39 72.91 75.66 72.95

NSK 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 75.08 72.95 71.14 69.20 -

Competitive Comparison of NSK's E10

For the Auto Parts subindustry, NSK'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.


NSK's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NSK's Shiller PE Ratio distribution charts can be found below:

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



NSK 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, NSK'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)
=0.13/108.9000*108.9000
=0.130

Current CPI (Sep. 2024) = 108.9000.

NSK Quarterly Data

per share eps CPI Adj_EPS
201412 32.970 97.900 36.674
201503 28.910 97.900 32.158
201506 31.780 98.400 35.171
201509 28.310 98.500 31.299
201512 29.660 98.100 32.925
201603 31.560 97.900 35.106
201606 21.870 98.100 24.278
201609 15.580 98.000 17.313
201612 19.705 98.400 21.808
201703 28.850 98.100 32.026
201706 31.290 98.500 34.594
201709 22.370 98.800 24.657
201712 37.220 99.400 40.777
201803 40.090 99.200 44.010
201806 33.440 99.200 36.710
201809 25.220 99.900 27.492
201812 30.820 99.700 33.664
201903 17.760 99.700 19.399
201906 17.210 99.800 18.779
201909 5.800 100.100 6.310
201912 8.680 100.500 9.405
202003 2.220 100.300 2.410
202006 -18.940 99.900 -20.646
202009 -5.050 99.900 -5.505
202012 8.440 99.300 9.256
202103 16.200 99.900 17.659
202106 9.160 99.500 10.025
202109 5.930 100.100 6.451
202112 8.350 100.100 9.084
202203 8.820 101.100 9.500
202206 2.570 101.800 2.749
202209 9.140 103.100 9.654
202212 9.510 104.100 9.949
202303 14.540 104.400 15.167
202306 -1.850 105.200 -1.915
202309 3.240 106.200 3.322
202312 8.290 106.800 8.453
202403 7.670 107.200 7.792
202406 3.880 108.200 3.905
202409 0.130 108.900 0.130

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


NSK  (TSE:6471) 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.

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

Shiller PE Ratio=Share Price/E10
=679.90/69.20
=9.83

* 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 NSK was 33.78. The lowest was 7.36. And the median was 12.17.


Be Aware

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


NSK E10 Related Terms

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


NSK Business Description

Traded in Other Exchanges
Address
Nissei Building, 1-6-3 Ohsaki, Shinagawa-ku, Tokyo, JPN, 141-8560
NSK Ltd is a Japan-based company which manufactures and sells automotive products, precision machinery and mechatronic products. The company has two business segments, the Industrial Machinery business and the Automotive Business. The Industrial machinery bearing business is comprised of three sub-segments the general machinery, electrical and IT equipment and Aftermarket segment. The Automotive business is engaged in production and sales of bearings for car manufacturers and automotive component manufacturers, steering columns and automatic transmission components. Its products include ball bearings, roller bearings, Plummer blocks, electric power steering and super precision bearings.

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