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Fujitsu (TSE:6702) E10 : 円85.29 (As of Mar. 2024)


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What is Fujitsu 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.

Fujitsu's adjusted earnings per share data for the three months ended in Mar. 2024 was 円121.514. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円85.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fujitsu's average E10 Growth Rate was 12.50% per year. During the past 3 years, the average E10 Growth Rate was 18.90% 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 Fujitsu was 18.90% per year. The lowest was 18.90% per year. And the median was 18.90% per year.

As of today (2024-04-30), Fujitsu's current stock price is 円2435.50. Fujitsu's E10 for the quarter that ended in Mar. 2024 was 円85.29. Fujitsu's Shiller PE Ratio of today is 28.56.

During the past 13 years, the highest Shiller PE Ratio of Fujitsu was 44.78. The lowest was 21.72. And the median was 29.11.


Fujitsu E10 Historical Data

The historical data trend for Fujitsu'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.

Fujitsu E10 Chart

Fujitsu 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 - 50.72 58.56 75.83 85.29

Fujitsu Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 75.83 77.14 78.36 75.82 85.29

Competitive Comparison of Fujitsu's E10

For the Information Technology Services subindustry, Fujitsu'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.


Fujitsu's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Fujitsu's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=121.514/107.2000*107.2000
=121.514

Current CPI (Mar. 2024) = 107.2000.

Fujitsu Quarterly Data

per share eps CPI Adj_EPS
201406 3.330 98.000 3.643
201409 8.320 98.500 9.055
201412 13.340 97.900 14.607
201503 42.650 97.900 46.702
201506 -9.140 98.400 -9.957
201509 1.420 98.500 1.545
201512 2.550 98.100 2.787
201603 47.100 97.900 51.574
201606 -6.840 98.100 -7.474
201609 12.520 98.000 13.695
201612 9.850 98.400 10.731
201703 27.250 98.100 29.778
201706 1.050 98.500 1.143
201709 20.152 98.800 21.865
201712 5.831 99.400 6.289
201803 55.497 99.200 59.973
201806 35.505 99.200 38.368
201809 4.090 99.900 4.389
201812 -14.568 99.700 -15.664
201903 26.055 99.700 28.015
201906 3.498 99.800 3.757
201909 27.901 100.100 29.880
201912 17.877 100.500 19.069
202003 29.801 100.300 31.851
202006 9.072 99.900 9.735
202009 14.447 99.900 15.503
202012 33.566 99.300 36.236
202103 44.180 99.900 47.408
202106 12.147 99.500 13.087
202109 14.507 100.100 15.536
202112 36.126 100.100 38.688
202203 29.616 101.100 31.403
202206 8.783 101.800 9.249
202209 27.790 103.100 28.895
202212 20.916 104.100 21.539
202303 53.075 104.400 54.498
202306 2.308 105.200 2.352
202309 17.735 106.200 17.902
202312 -6.224 106.800 -6.247
202403 121.514 107.200 121.514

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


Fujitsu  (TSE:6702) 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.

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

Shiller PE Ratio=Share Price/E10
=2435.50/85.29
=28.56

* 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 Fujitsu was 44.78. The lowest was 21.72. And the median was 29.11.


Be Aware

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


Fujitsu E10 Related Terms

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


Fujitsu (TSE:6702) Business Description

Traded in Other Exchanges
Address
Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7123
Fujitsu Ltd delivers total solutions in the field of information and communication technology. The company provides solutions/system integration services focused on information system consulting and construction, and infrastructure services centered on outsourcing services. Fujitsu provides services across a wide range of countries and regions, including Europe, the Americas, Asia, and Oceania. It operates in three segments namely, Technology Solutions; Ubiqitous Solutions and Device Solutions. Ubiquitous Solutions consists of PCs, mobile phones, and mobilewear. In PCs, Fujitsu's lineup includes desktop and laptop PCs known for energy efficiency, security, and other enhanced features, as well as water- and dust-resistant tablets.

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