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Itoki (TSE:7972) E10 : 円59.36 (As of Jun. 2024)


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What is Itoki 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.

Itoki's adjusted earnings per share data for the three months ended in Jun. 2024 was 円19.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円59.36 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Itoki's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 years, the average E10 Growth Rate was 11.50% 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 Itoki was 14.30% per year. The lowest was 10.10% per year. And the median was 11.10% per year.

As of today (2024-12-11), Itoki's current stock price is 円1627.00. Itoki's E10 for the quarter that ended in Jun. 2024 was 円59.36. Itoki's Shiller PE Ratio of today is 27.41.

During the past 13 years, the highest Shiller PE Ratio of Itoki was 39.54. The lowest was 7.02. And the median was 13.52.


Itoki E10 Historical Data

The historical data trend for Itoki'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.

Itoki E10 Chart

Itoki 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 36.72 35.37 41.66 49.07 52.83

Itoki Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 52.85 52.53 52.83 56.11 59.36

Competitive Comparison of Itoki's E10

For the Furnishings, Fixtures & Appliances subindustry, Itoki'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.


Itoki's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Itoki's Shiller PE Ratio distribution charts can be found below:

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



Itoki 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, Itoki's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=19.14/108.2000*108.2000
=19.140

Current CPI (Jun. 2024) = 108.2000.

Itoki Quarterly Data

per share eps CPI Adj_EPS
201409 -11.100 98.500 -12.193
201412 12.258 97.900 13.548
201503 39.370 97.900 43.512
201506 12.970 98.400 14.262
201509 4.423 98.500 4.859
201512 34.480 98.100 38.030
201603 32.380 97.900 35.787
201606 6.540 98.100 7.213
201609 -7.974 98.000 -8.804
201612 9.200 98.400 10.116
201703 48.200 98.100 53.162
201706 10.648 98.500 11.697
201709 -18.890 98.800 -20.687
201712 12.778 99.400 13.909
201803 34.550 99.200 37.685
201806 3.270 99.200 3.567
201809 -19.893 99.900 -21.546
201812 17.060 99.700 18.514
201903 26.890 99.700 29.183
201906 -5.720 99.800 -6.201
201909 -11.170 100.100 -12.074
201912 -22.081 100.500 -23.773
202003 38.640 100.300 41.683
202006 -12.240 99.900 -13.257
202009 -32.730 99.900 -35.449
202012 1.150 99.300 1.253
202103 42.880 99.900 46.443
202106 7.440 99.500 8.091
202109 -31.900 100.100 -34.481
202112 6.980 100.100 7.545
202203 74.950 101.100 80.214
202206 6.320 101.800 6.717
202209 -3.540 103.100 -3.715
202212 37.020 104.100 38.478
202303 67.700 104.400 70.164
202306 23.530 105.200 24.201
202309 2.110 106.200 2.150
202312 17.940 106.800 18.175
202403 85.710 107.200 86.510
202406 19.140 108.200 19.140

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


Itoki  (TSE:7972) 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.

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

Shiller PE Ratio=Share Price/E10
=1627.00/59.36
=27.41

* 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 Itoki was 39.54. The lowest was 7.02. And the median was 13.52.


Be Aware

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


Itoki E10 Related Terms

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


Itoki Business Description

Traded in Other Exchanges
N/A
Address
2-5-1 Nihonbashi, Chuo-ku, Osaka, JPN, 103-6113
Itoki Corp is engaged in the manufacturing and selling of office furniture, facilities equipment, and other related products. Its product portfolio consists of steel and wooden furniture, iron doors, and safe-deposit boxes, as well as office supplies and equipment, and store furniture and equipment. The company is also involved in the provision of maintenance services; and the execution and management of construction projects.

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