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Kel (TSE:6919) E10 : 円124.55 (As of Dec. 2023)


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What is Kel 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.

Kel's adjusted earnings per share data for the three months ended in Dec. 2023 was 円14.646. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円124.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kel's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 11.70% per year. During the past 5 years, the average E10 Growth Rate was 10.20% 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 Kel was 11.70% per year. The lowest was 7.50% per year. And the median was 9.30% per year.

As of today (2024-06-20), Kel's current stock price is 円1702.00. Kel's E10 for the quarter that ended in Dec. 2023 was 円124.55. Kel's Shiller PE Ratio of today is 13.67.

During the past 13 years, the highest Shiller PE Ratio of Kel was 19.00. The lowest was 8.26. And the median was 12.86.


Kel E10 Historical Data

The historical data trend for Kel'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.

Kel E10 Chart

Kel Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.64 85.02 88.57 101.44 118.51

Kel Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 115.47 118.51 123.15 123.70 124.55

Competitive Comparison of Kel's E10

For the Electronic Components subindustry, Kel'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.


Kel's Shiller PE Ratio Distribution in the Hardware Industry

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

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



Kel 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, Kel's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=14.646/106.8000*106.8000
=14.646

Current CPI (Dec. 2023) = 106.8000.

Kel Quarterly Data

per share eps CPI Adj_EPS
201403 16.220 95.700 18.101
201406 22.300 98.000 24.302
201409 29.820 98.500 32.333
201412 35.920 97.900 39.185
201503 20.234 97.900 22.073
201506 24.320 98.400 26.396
201509 24.086 98.500 26.116
201512 9.637 98.100 10.492
201603 14.710 97.900 16.047
201606 4.950 98.100 5.389
201609 29.653 98.000 32.316
201612 23.869 98.400 25.907
201703 21.990 98.100 23.940
201706 17.360 98.500 18.823
201709 35.830 98.800 38.731
201712 15.272 99.400 16.409
201803 17.580 99.200 18.927
201806 22.870 99.200 24.622
201809 24.390 99.900 26.075
201812 11.650 99.700 12.480
201903 21.746 99.700 23.295
201906 14.510 99.800 15.528
201909 27.539 100.100 29.382
201912 22.680 100.500 24.102
202003 31.930 100.300 33.999
202006 26.830 99.900 28.683
202009 13.900 99.900 14.860
202012 15.649 99.300 16.831
202103 43.440 99.900 46.440
202106 40.760 99.500 43.750
202109 50.690 100.100 54.083
202112 48.977 100.100 52.255
202203 59.860 101.100 63.235
202206 64.530 101.800 67.699
202209 72.041 103.100 74.626
202212 50.439 104.100 51.747
202303 50.490 104.400 51.651
202306 47.050 105.200 47.766
202309 32.100 106.200 32.281
202312 14.646 106.800 14.646

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


Kel  (TSE:6919) 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.

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

Shiller PE Ratio=Share Price/E10
=1702.00/124.55
=13.67

* 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 Kel was 19.00. The lowest was 8.26. And the median was 12.86.


Be Aware

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


Kel E10 Related Terms

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


Kel (TSE:6919) Business Description

Traded in Other Exchanges
N/A
Address
6-17-7 Nagayama, Tama-shi, Tokyo, JPN, 206-0025
Kel Corporation is a manufacturer of connectors, circuit sockets, racks, and harness. Its products include connectors, integrated circuit sockets, switches and terminal blocks which are applied in cellular phones, notebooks, and PC, among others.

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