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Musashi Co (TSE:7521) E10 : 円116.55 (As of Dec. 2023)


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What is Musashi Co 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.

Musashi Co's adjusted earnings per share data for the three months ended in Dec. 2023 was 円11.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円116.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Musashi Co's average E10 Growth Rate was 0.60% per year. During the past 3 years, the average E10 Growth Rate was 6.00% per year. During the past 5 years, the average E10 Growth Rate was -2.70% 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 Musashi Co was 6.00% per year. The lowest was -11.20% per year. And the median was -5.40% per year.

As of today (2024-06-09), Musashi Co's current stock price is 円1786.00. Musashi Co's E10 for the quarter that ended in Dec. 2023 was 円116.55. Musashi Co's Shiller PE Ratio of today is 15.32.

During the past 13 years, the highest Shiller PE Ratio of Musashi Co was 25.85. The lowest was 11.91. And the median was 18.10.


Musashi Co E10 Historical Data

The historical data trend for Musashi Co'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.

Musashi Co E10 Chart

Musashi Co 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 113.36 95.80 86.08 96.10 114.19

Musashi Co 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 115.89 114.19 119.65 115.28 116.55

Competitive Comparison of Musashi Co's E10

For the Conglomerates subindustry, Musashi Co'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.


Musashi Co's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Musashi Co's Shiller PE Ratio distribution charts can be found below:

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



Musashi Co 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, Musashi Co'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)
=11.74/106.8000*106.8000
=11.740

Current CPI (Dec. 2023) = 106.8000.

Musashi Co Quarterly Data

per share eps CPI Adj_EPS
201403 21.629 95.700 24.138
201406 9.110 98.000 9.928
201409 24.140 98.500 26.174
201412 34.100 97.900 37.200
201503 79.890 97.900 87.153
201506 34.150 98.400 37.065
201509 16.121 98.500 17.479
201512 15.718 98.100 17.112
201603 35.090 97.900 38.280
201606 45.800 98.100 49.862
201609 47.289 98.000 51.535
201612 3.400 98.400 3.690
201703 8.464 98.100 9.215
201706 0.190 98.500 0.206
201709 9.001 98.800 9.730
201712 75.850 99.400 81.497
201803 14.640 99.200 15.762
201806 -3.180 99.200 -3.424
201809 3.762 99.900 4.022
201812 -2.660 99.700 -2.849
201903 26.466 99.700 28.351
201906 42.340 99.800 45.310
201909 78.458 100.100 83.709
201912 3.750 100.500 3.985
202003 -8.397 100.300 -8.941
202006 -12.740 99.900 -13.620
202009 -1.640 99.900 -1.753
202012 -2.470 99.300 -2.657
202103 12.940 99.900 13.834
202106 1.060 99.500 1.138
202109 46.830 100.100 49.964
202112 88.840 100.100 94.786
202203 3.962 101.100 4.185
202206 64.590 101.800 67.762
202209 90.983 103.100 94.248
202212 40.796 104.100 41.854
202303 62.180 104.400 63.609
202306 74.790 105.200 75.927
202309 -1.680 106.200 -1.689
202312 11.740 106.800 11.740

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


Musashi Co  (TSE:7521) 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.

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

Shiller PE Ratio=Share Price/E10
=1786.00/116.55
=15.32

* 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 Musashi Co was 25.85. The lowest was 11.91. And the median was 18.10.


Be Aware

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


Musashi Co E10 Related Terms

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


Musashi Co (TSE:7521) Business Description

Traded in Other Exchanges
N/A
Address
8-20-36 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Musashi Co Ltd is engaged in the sale of system equipment. It offers information/industrial systems equipment, printing systems equipment, cash handling systems equipment, and election systems equipment among others. It is also engaged in Planning, development, manufacturing, sales, and software sales of election system equipment and Sales of paper and paper processed goods.

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