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SMK (TSE:6798) E10 : 円79.89 (As of Dec. 2024)


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What is SMK 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.

SMK's adjusted earnings per share data for the three months ended in Dec. 2024 was 円152.591. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円79.89 for the trailing ten years ended in Dec. 2024.

During the past 12 months, SMK's average E10 Growth Rate was -29.80% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 10.00% 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 SMK was 39.40% per year. The lowest was -7.20% per year. And the median was 9.65% per year.

As of today (2025-03-13), SMK's current stock price is 円2601.00. SMK's E10 for the quarter that ended in Dec. 2024 was 円79.89. SMK's Shiller PE Ratio of today is 32.56.

During the past 13 years, the highest Shiller PE Ratio of SMK was 59.49. The lowest was 10.56. And the median was 23.24.


SMK E10 Historical Data

The historical data trend for SMK'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.

SMK E10 Chart

SMK 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 60.86 75.67 136.17 164.99 121.85

SMK 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 113.80 121.85 127.52 93.45 79.89

Competitive Comparison of SMK's E10

For the Electronic Components subindustry, SMK'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.


SMK's Shiller PE Ratio Distribution in the Hardware Industry

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

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



SMK 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, SMK'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)
=152.591/110.7000*110.7000
=152.591

Current CPI (Dec. 2024) = 110.7000.

SMK Quarterly Data

per share eps CPI Adj_EPS
201503 -226.300 97.900 -255.888
201506 138.000 98.400 155.250
201509 153.300 98.500 172.287
201512 172.700 98.100 194.882
201603 -85.500 97.900 -96.679
201606 -259.000 98.100 -292.266
201609 100.300 98.000 113.298
201612 424.744 98.400 477.837
201703 -118.400 98.100 -133.607
201706 9.100 98.500 10.227
201709 127.050 98.800 142.353
201712 269.692 99.400 300.351
201803 -449.580 99.200 -501.699
201806 -7.717 99.200 -8.612
201809 26.172 99.900 29.001
201812 15.885 99.700 17.638
201903 -163.722 99.700 -181.786
201906 -124.330 99.800 -137.909
201909 43.947 100.100 48.601
201912 122.657 100.500 135.106
202003 -454.242 100.300 -501.342
202006 -38.223 99.900 -42.355
202009 128.785 99.900 142.708
202012 74.568 99.300 83.129
202103 132.691 99.900 147.036
202106 19.580 99.500 21.784
202109 132.793 100.100 146.855
202112 149.857 100.100 165.726
202203 172.579 101.100 188.966
202206 244.787 101.800 266.188
202209 227.356 103.100 244.116
202212 -89.809 104.100 -95.503
202303 -176.321 104.400 -186.961
202306 79.550 105.200 83.709
202309 74.827 106.200 77.998
202312 -203.346 106.800 -210.772
202403 -27.288 107.200 -28.179
202406 126.470 108.200 129.392
202409 -171.747 108.900 -174.586
202412 152.591 110.700 152.591

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


SMK  (TSE:6798) 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.

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

Shiller PE Ratio=Share Price/E10
=2601.00/79.89
=32.56

* 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 SMK was 59.49. The lowest was 10.56. And the median was 23.24.


Be Aware

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


SMK E10 Related Terms

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


SMK Business Description

Traded in Other Exchanges
N/A
Address
5-5, Togoshi 6-chome, Shinagawa-ku, Tokyo, JPN, 142-8511
SMK Corp manufactures and sells parts for the electrocommunication device and electronic equipment. Its reportable segments include Connection System; Sensing, Communications and Interface; Research and Development Center, and others. The company generates maximum revenue from the Sensing, Communications, and Interface segment, which produces and sells remote controls, switches, camera modules, and touch sensors. Geographically, it derives a majority of its revenue from Japan. The company's product portfolio includes connectors, plugs/jacks, switches, accessories, remote control units, antennas, touch panels, and communication modules.

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