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Nitto Kogyo (TSE:6651) E10 : 円179.80 (As of Sep. 2024)


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What is Nitto Kogyo 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.

Nitto Kogyo's adjusted earnings per share data for the three months ended in Sep. 2024 was 円39.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円179.80 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Nitto Kogyo's average E10 Growth Rate was 6.50% per year. During the past 3 years, the average E10 Growth Rate was 5.50% per year. During the past 5 years, the average E10 Growth Rate was 9.50% 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 Nitto Kogyo was 14.10% per year. The lowest was 5.50% per year. And the median was 9.55% per year.

As of today (2025-03-02), Nitto Kogyo's current stock price is 円3000.00. Nitto Kogyo's E10 for the quarter that ended in Sep. 2024 was 円179.80. Nitto Kogyo's Shiller PE Ratio of today is 16.69.

During the past 13 years, the highest Shiller PE Ratio of Nitto Kogyo was 26.84. The lowest was 9.59. And the median was 16.33.


Nitto Kogyo E10 Historical Data

The historical data trend for Nitto Kogyo'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.

Nitto Kogyo E10 Chart

Nitto Kogyo 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 129.31 145.70 158.04 163.45 171.01

Nitto Kogyo 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 171.02 171.01 179.03 179.80 -

Competitive Comparison of Nitto Kogyo's E10

For the Electrical Equipment & Parts subindustry, Nitto Kogyo'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.


Nitto Kogyo's Shiller PE Ratio Distribution in the Industrial Products Industry

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

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



Nitto Kogyo 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, Nitto Kogyo'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)
=39.75/108.9000*108.9000
=39.750

Current CPI (Sep. 2024) = 108.9000.

Nitto Kogyo Quarterly Data

per share eps CPI Adj_EPS
201412 49.690 97.900 55.273
201503 63.650 97.900 70.802
201506 27.290 98.400 30.202
201509 41.680 98.500 46.081
201512 61.170 98.100 67.904
201603 52.815 97.900 58.749
201606 12.950 98.100 14.376
201609 32.000 98.000 35.559
201612 34.477 98.400 38.156
201703 31.940 98.100 35.456
201706 1.490 98.500 1.647
201709 22.590 98.800 24.899
201712 13.060 99.400 14.308
201803 34.107 99.200 37.442
201806 3.500 99.200 3.842
201809 25.700 99.900 28.015
201812 45.279 99.700 49.457
201903 25.531 99.700 27.887
201906 22.290 99.800 24.322
201909 54.940 100.100 59.770
201912 79.930 100.500 86.611
202003 41.770 100.300 45.351
202006 29.280 99.900 31.918
202009 51.186 99.900 55.797
202012 74.490 99.300 81.691
202103 63.194 99.900 68.887
202106 28.490 99.500 31.182
202109 36.320 100.100 39.513
202112 59.530 100.100 64.763
202203 40.410 101.100 43.528
202206 10.200 101.800 10.911
202209 34.580 103.100 36.525
202212 54.590 104.100 57.107
202303 45.080 104.400 47.023
202306 36.470 105.200 37.753
202309 57.500 106.200 58.962
202312 80.357 106.800 81.937
202403 55.440 107.200 56.319
202406 97.670 108.200 98.302
202409 39.750 108.900 39.750

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


Nitto Kogyo  (TSE:6651) 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.

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

Shiller PE Ratio=Share Price/E10
=3000.00/179.80
=16.69

* 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 Nitto Kogyo was 26.84. The lowest was 9.59. And the median was 16.33.


Be Aware

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


Nitto Kogyo E10 Related Terms

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


Nitto Kogyo Business Description

Traded in Other Exchanges
N/A
Address
2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189
Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

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