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JTEKT (TSE:6473) E10 : 円90.70 (As of Dec. 2024)


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What is JTEKT 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.

JTEKT's adjusted earnings per share data for the three months ended in Dec. 2024 was 円10.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円90.70 for the trailing ten years ended in Dec. 2024.

During the past 12 months, JTEKT's average E10 Growth Rate was -7.30% per year. During the past 3 years, the average E10 Growth Rate was 7.00% per year. During the past 5 years, the average E10 Growth Rate was 3.40% 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 JTEKT was 7.00% per year. The lowest was 0.70% per year. And the median was 1.35% per year.

As of today (2025-03-04), JTEKT's current stock price is 円1158.00. JTEKT's E10 for the quarter that ended in Dec. 2024 was 円90.70. JTEKT's Shiller PE Ratio of today is 12.77.

During the past 13 years, the highest Shiller PE Ratio of JTEKT was 25.68. The lowest was 7.10. And the median was 13.05.


JTEKT E10 Historical Data

The historical data trend for JTEKT'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.

JTEKT E10 Chart

JTEKT 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 84.85 78.50 81.37 89.59 96.15

JTEKT 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 97.89 96.15 96.09 92.30 90.70

Competitive Comparison of JTEKT's E10

For the Auto Parts subindustry, JTEKT'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=10.83/110.7000*110.7000
=10.830

Current CPI (Dec. 2024) = 110.7000.

JTEKT Quarterly Data

per share eps CPI Adj_EPS
201503 21.920 97.900 24.786
201506 47.730 98.400 53.696
201509 35.048 98.500 39.389
201512 37.060 98.100 41.820
201603 22.070 97.900 24.956
201606 36.470 98.100 41.154
201609 0.320 98.000 0.361
201612 34.597 98.400 38.922
201703 67.168 98.100 75.795
201706 47.320 98.500 53.181
201709 36.277 98.800 40.646
201712 36.820 99.400 41.006
201803 24.477 99.200 27.315
201806 36.760 99.200 41.021
201809 18.707 99.900 20.729
201812 25.398 99.700 28.200
201903 -1.420 99.700 -1.577
201906 21.120 99.800 23.427
201909 -3.580 100.100 -3.959
201912 15.430 100.500 16.996
202003 -44.030 100.300 -48.595
202006 -73.440 99.900 -81.379
202009 3.340 99.900 3.701
202012 30.310 99.300 33.790
202103 42.120 99.900 46.674
202106 16.690 99.500 18.569
202109 3.040 100.100 3.362
202112 9.800 100.100 10.838
202203 30.750 101.100 33.670
202206 9.130 101.800 9.928
202209 26.520 103.100 28.475
202212 17.770 104.100 18.897
202303 46.470 104.400 49.274
202306 43.670 105.200 45.953
202309 23.690 106.200 24.694
202312 38.750 106.800 40.165
202403 11.210 107.200 11.576
202406 31.510 108.200 32.238
202409 -13.350 108.900 -13.571
202412 10.830 110.700 10.830

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


JTEKT  (TSE:6473) 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.

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

Shiller PE Ratio=Share Price/E10
=1158.00/90.70
=12.77

* 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 JTEKT was 25.68. The lowest was 7.10. And the median was 13.05.


Be Aware

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


JTEKT E10 Related Terms

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


JTEKT Business Description

Traded in Other Exchanges
Address
No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, JPN, 450-8515
JTEKT Corp is a manufacturer of automotive parts, bearings, and machine tools. The company's largest business division by revenue produces steering systems and driveline components for automobiles and bearings to minimize energy loss used in wind generation, transportation, agriculture, and construction. The smaller machine tools and mechatronics division offers grinders, spindler and CNC machines, and production efficiency enhancement solutions. Jtekt's largest end market is Japan, while the company also generates sales in North America, Europe, and elsewhere in Asia.

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