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Nakanishi (TSE:7716) E10 : 円112.88 (As of Dec. 2023)


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What is Nakanishi 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.

Nakanishi's adjusted earnings per share data for the three months ended in Dec. 2023 was 円5.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円112.88 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nakanishi's average E10 Growth Rate was 26.00% per year. During the past 3 years, the average E10 Growth Rate was 17.10% per year. During the past 5 years, the average E10 Growth Rate was 10.90% 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 Nakanishi was 17.10% per year. The lowest was 5.70% per year. And the median was 9.00% per year.

As of today (2024-05-01), Nakanishi's current stock price is 円2437.00. Nakanishi's E10 for the quarter that ended in Dec. 2023 was 円112.88. Nakanishi's Shiller PE Ratio of today is 21.59.

During the past 13 years, the highest Shiller PE Ratio of Nakanishi was 46.28. The lowest was 19.06. And the median was 30.35.


Nakanishi E10 Historical Data

The historical data trend for Nakanishi'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.

Nakanishi E10 Chart

Nakanishi 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 69.11 70.34 77.08 89.59 112.88

Nakanishi 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 89.59 92.28 97.14 113.03 112.88

Competitive Comparison of Nakanishi's E10

For the Medical Instruments & Supplies subindustry, Nakanishi'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.


Nakanishi's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nakanishi's Shiller PE Ratio distribution charts can be found below:

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



Nakanishi 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, Nakanishi'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)
=5.03/106.8000*106.8000
=5.030

Current CPI (Dec. 2023) = 106.8000.

Nakanishi Quarterly Data

per share eps CPI Adj_EPS
201403 18.493 95.700 20.638
201406 17.420 98.000 18.984
201409 23.447 98.500 25.423
201412 19.947 97.900 21.760
201503 18.813 97.900 20.523
201506 16.763 98.400 18.194
201509 15.560 98.500 16.871
201512 19.993 98.100 21.766
201603 15.037 97.900 16.404
201606 14.550 98.100 15.840
201609 17.077 98.000 18.610
201612 14.397 98.400 15.626
201703 19.230 98.100 20.935
201706 18.800 98.500 20.384
201709 21.200 98.800 22.917
201712 25.370 99.400 27.259
201803 21.640 99.200 23.298
201806 28.580 99.200 30.770
201809 19.600 99.900 20.954
201812 17.600 99.700 18.853
201903 18.580 99.700 19.903
201906 16.280 99.800 17.422
201909 21.460 100.100 22.896
201912 25.480 100.500 27.077
202003 5.090 100.300 5.420
202006 16.320 99.900 17.447
202009 23.430 99.900 25.048
202012 29.500 99.300 31.728
202103 35.410 99.900 37.856
202106 26.390 99.500 28.326
202109 31.440 100.100 33.544
202112 23.230 100.100 24.785
202203 36.410 101.100 38.463
202206 41.920 101.800 43.979
202209 40.300 103.100 41.746
202212 26.480 104.100 27.167
202303 38.730 104.400 39.620
202306 56.240 105.200 57.095
202309 167.290 106.200 168.235
202312 5.030 106.800 5.030

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


Nakanishi  (TSE:7716) 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.

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

Shiller PE Ratio=Share Price/E10
=2437.00/112.88
=21.59

* 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 Nakanishi was 46.28. The lowest was 19.06. And the median was 30.35.


Be Aware

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


Nakanishi E10 Related Terms

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


Nakanishi (TSE:7716) Business Description

Traded in Other Exchanges
Address
700 Shimohinata, Kanuma-shi, Tochigi, JPN
Nakanishi Inc manufactures high-speed rotary cutting technology for the dental industry and the medical industry more broadly. The company distributes its products to countries internationally, earning most of its revenue overseas. The company operates via three business segments. The dental product segment manufactures and sells handpieces for dental treatment, mechanical micro motors and handpieces as well as handpieces for surgeries. The industrial product segment manufactures and sells grinders for manual works and spindles for machinery attachment. The others segment provides inspection and repair services for its dental and medical equipment and general industrial cutting and grinding equipment.

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