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Anritsu (TSE:6754) E10 : 円68.13 (As of Dec. 2024)


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What is Anritsu 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.

Anritsu's adjusted earnings per share data for the three months ended in Dec. 2024 was 円20.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円68.13 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Anritsu's average E10 Growth Rate was 3.10% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 8.10% 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 Anritsu was 23.60% per year. The lowest was 1.90% per year. And the median was 11.15% per year.

As of today (2025-03-26), Anritsu's current stock price is 円1415.00. Anritsu's E10 for the quarter that ended in Dec. 2024 was 円68.13. Anritsu's Shiller PE Ratio of today is 20.77.

During the past 13 years, the highest Shiller PE Ratio of Anritsu was 54.16. The lowest was 15.03. And the median was 32.63.


Anritsu E10 Historical Data

The historical data trend for Anritsu'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.

Anritsu E10 Chart

Anritsu 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 53.94 62.99 67.74 66.27 66.61

Anritsu 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 66.05 66.61 67.15 66.68 68.13

Competitive Comparison of Anritsu's E10

For the Scientific & Technical Instruments subindustry, Anritsu'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.


Anritsu's Shiller PE Ratio Distribution in the Hardware Industry

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

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


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Anritsu 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, Anritsu'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)
=20.23/110.7000*110.7000
=20.230

Current CPI (Dec. 2024) = 110.7000.

Anritsu Quarterly Data

per share eps CPI Adj_EPS
201503 16.630 97.900 18.804
201506 8.320 98.400 9.360
201509 8.840 98.500 9.935
201512 11.320 98.100 12.774
201603 -1.100 97.900 -1.244
201606 0.040 98.100 0.045
201609 -0.750 98.000 -0.847
201612 5.800 98.400 6.525
201703 14.560 98.100 16.430
201706 -1.620 98.500 -1.821
201709 3.030 98.800 3.395
201712 9.260 99.400 10.313
201803 10.300 99.200 11.494
201806 12.300 99.200 13.726
201809 10.430 99.900 11.558
201812 22.790 99.700 25.304
201903 19.630 99.700 21.796
201906 12.920 99.800 14.331
201909 20.950 100.100 23.168
201912 26.550 100.500 29.245
202003 36.730 100.300 40.538
202006 25.570 99.900 28.334
202009 25.790 99.900 28.578
202012 24.600 99.300 27.424
202103 41.160 99.900 45.610
202106 15.150 99.500 16.855
202109 24.670 100.100 27.282
202112 20.010 100.100 22.129
202203 34.140 101.100 37.382
202206 21.700 101.800 23.597
202209 16.550 103.100 17.770
202212 8.730 104.100 9.283
202303 22.900 104.400 24.282
202306 1.900 105.200 1.999
202309 19.280 106.200 20.097
202312 8.620 106.800 8.935
202403 28.490 107.200 29.420
202406 5.430 108.200 5.555
202409 11.550 108.900 11.741
202412 20.230 110.700 20.230

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


Anritsu  (TSE:6754) 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.

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

Shiller PE Ratio=Share Price/E10
=1415.00/68.13
=20.77

* 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 Anritsu was 54.16. The lowest was 15.03. And the median was 32.63.


Be Aware

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


Anritsu E10 Related Terms

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


Anritsu Business Description

Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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