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Sumida (TSE:6817) E10 : 円117.78 (As of Mar. 2024)


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What is Sumida 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.

Sumida's adjusted earnings per share data for the three months ended in Mar. 2024 was 円10.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円117.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sumida's average E10 Growth Rate was 27.20% per year. During the past 3 years, the average E10 Growth Rate was 23.10% per year. During the past 5 years, the average E10 Growth Rate was 13.50% 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 Sumida was 23.10% per year. The lowest was 6.60% per year. And the median was 8.20% per year.

As of today (2024-05-26), Sumida's current stock price is 円1176.00. Sumida's E10 for the quarter that ended in Mar. 2024 was 円117.78. Sumida's Shiller PE Ratio of today is 9.98.

During the past 13 years, the highest Shiller PE Ratio of Sumida was 102.98. The lowest was 8.46. And the median was 15.55.


Sumida E10 Historical Data

The historical data trend for Sumida'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.

Sumida E10 Chart

Sumida Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.78 62.93 70.39 88.06 117.48

Sumida 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 92.63 110.85 113.35 117.48 117.78

Competitive Comparison of Sumida's E10

For the Electronic Components subindustry, Sumida'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.


Sumida's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Sumida 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, Sumida'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)
=10.52/107.2000*107.2000
=10.520

Current CPI (Mar. 2024) = 107.2000.

Sumida Quarterly Data

per share eps CPI Adj_EPS
201406 18.980 98.000 20.762
201409 28.010 98.500 30.484
201412 0.388 97.900 0.425
201503 26.650 97.900 29.182
201506 19.430 98.400 21.168
201509 32.930 98.500 35.839
201512 8.520 98.100 9.310
201603 25.690 97.900 28.130
201606 53.200 98.100 58.135
201609 40.170 98.000 43.941
201612 37.290 98.400 40.625
201703 40.480 98.100 44.235
201706 45.830 98.500 49.878
201709 41.800 98.800 45.354
201712 46.570 99.400 50.224
201803 10.570 99.200 11.422
201806 15.300 99.200 16.534
201809 38.800 99.900 41.635
201812 24.320 99.700 26.149
201903 4.210 99.700 4.527
201906 0.170 99.800 0.183
201909 23.840 100.100 25.531
201912 29.980 100.500 31.979
202003 -17.750 100.300 -18.971
202006 -33.220 99.900 -35.647
202009 21.350 99.900 22.910
202012 60.040 99.300 64.817
202103 23.660 99.900 25.389
202106 41.690 99.500 44.916
202109 32.930 100.100 35.266
202112 -1.680 100.100 -1.799
202203 12.490 101.100 13.244
202206 22.740 101.800 23.946
202209 76.310 103.100 79.345
202212 75.974 104.100 78.236
202303 44.740 104.400 45.940
202306 70.770 105.200 72.115
202309 32.760 106.200 33.068
202312 18.830 106.800 18.901
202403 10.520 107.200 10.520

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


Sumida  (TSE:6817) 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.

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

Shiller PE Ratio=Share Price/E10
=1176.00/117.78
=9.98

* 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 Sumida was 102.98. The lowest was 8.46. And the median was 15.55.


Be Aware

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


Sumida E10 Related Terms

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


Sumida (TSE:6817) Business Description

Traded in Other Exchanges
Address
Harumi Island Triton, 14th Floor, Square Office Tower X, 1-8-10, Harumi, Chuo-Ku, Tokyo, JPN, 104-8547
Sumida Corp designs, manufactures, and sells electronic components and modules for consumer electronics, automotive, and industrial markets in Japan, rest of Asia, Europe, and North and South America. Its products include audio and visual devices, office automation equipment, automotive-related and industrial equipment, and other electronic components. It also provides the complimentary products and services such as magnetic materials, ceramics, flexible connectors and electronic manufacturing services (EMS).

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