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ZUKEN (TSE:6947) E10 : 円89.54 (As of Dec. 2023)


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What is ZUKEN 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.

ZUKEN's adjusted earnings per share data for the three months ended in Dec. 2023 was 円32.434. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円89.54 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ZUKEN's average E10 Growth Rate was -100.00% 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 ZUKEN was 24.80% per year. The lowest was 16.40% per year. And the median was 19.00% per year.

As of today (2024-06-23), ZUKEN's current stock price is 円4055.00. ZUKEN's E10 for the quarter that ended in Dec. 2023 was 円89.54. ZUKEN's Shiller PE Ratio of today is 45.29.

During the past 13 years, the highest Shiller PE Ratio of ZUKEN was 75.77. The lowest was 37.30. And the median was 49.44.


ZUKEN E10 Historical Data

The historical data trend for ZUKEN'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.

ZUKEN E10 Chart

ZUKEN 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 48.38 56.16 61.78 76.21 -

ZUKEN 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 76.21 80.28 85.19 89.54 -

Competitive Comparison of ZUKEN's E10

For the Software - Application subindustry, ZUKEN'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.


ZUKEN's Shiller PE Ratio Distribution in the Software Industry

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

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



ZUKEN 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, ZUKEN'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)
=32.434/106.8000*106.8000
=32.434

Current CPI (Dec. 2023) = 106.8000.

ZUKEN Quarterly Data

per share eps CPI Adj_EPS
201403 29.950 95.700 33.424
201406 -15.650 98.000 -17.055
201409 11.880 98.500 12.881
201412 -3.250 97.900 -3.545
201503 28.939 97.900 31.570
201506 -9.070 98.400 -9.844
201509 11.164 98.500 12.105
201512 -5.700 98.100 -6.206
201603 15.250 97.900 16.636
201606 -10.800 98.100 -11.758
201609 14.640 98.000 15.955
201612 6.296 98.400 6.833
201703 41.730 98.100 45.431
201706 1.130 98.500 1.225
201709 13.360 98.800 14.442
201712 6.136 99.400 6.593
201803 44.380 99.200 47.780
201806 10.930 99.200 11.767
201809 31.410 99.900 33.579
201812 17.760 99.700 19.025
201903 30.780 99.700 32.972
201906 11.180 99.800 11.964
201909 49.855 100.100 53.192
201912 13.360 100.500 14.197
202003 37.248 100.300 39.662
202006 3.940 99.900 4.212
202009 26.280 99.900 28.095
202012 16.227 99.300 17.453
202103 45.470 99.900 48.611
202106 18.470 99.500 19.825
202109 39.895 100.100 42.565
202112 44.626 100.100 47.613
202203 26.160 101.100 27.635
202206 29.210 101.800 30.645
202209 31.650 103.100 32.786
202212 31.770 104.100 32.594
202303 44.850 104.400 45.881
202306 29.630 105.200 30.081
202309 41.940 106.200 42.177
202312 32.434 106.800 32.434

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


ZUKEN  (TSE:6947) 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.

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

Shiller PE Ratio=Share Price/E10
=4055.00/89.54
=45.29

* 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 ZUKEN was 75.77. The lowest was 37.30. And the median was 49.44.


Be Aware

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


ZUKEN E10 Related Terms

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


ZUKEN (TSE:6947) Business Description

Traded in Other Exchanges
N/A
Address
2-25-1 Eda-Higashi, Tsuzuki-ku, Yokohama, Kanagawa, JPN, 224-8585
ZUKEN, Inc. is a Japanese based company specializing in software and consulting services for electrical and electronic engineering. It is engaged in research and development of a variety of software solutions that support the optimization of product design and engineering operations for manufacturing industries, and marketing of the software solutions with consulting services. It has market presence in Japan, Europe, Asia, and North America. It offers various products including electronic design, automotive design, electrical and control cable design, design data management and product lifecycle management.

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