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Miroku (TSE:7983) E10 : 円213.49 (As of Apr. 2024)


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What is Miroku 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.

Miroku's adjusted earnings per share data for the three months ended in Apr. 2024 was 円-20.625. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円213.49 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Miroku'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 Miroku was 6.50% per year. The lowest was 2.70% per year. And the median was 4.60% per year.

As of today (2025-03-02), Miroku's current stock price is 円1083.00. Miroku's E10 for the quarter that ended in Apr. 2024 was 円213.49. Miroku's Shiller PE Ratio of today is 5.07.

During the past 13 years, the highest Shiller PE Ratio of Miroku was 11.19. The lowest was 5.07. And the median was 7.32.


Miroku E10 Historical Data

The historical data trend for Miroku'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.

Miroku E10 Chart

Miroku Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 211.08 218.68 235.64 228.64 -

Miroku Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24
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 240.17 228.64 220.99 213.49 -

Competitive Comparison of Miroku's E10

For the Tools & Accessories subindustry, Miroku'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.


Miroku's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Miroku's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=-20.625/107.7000*107.7000
=-20.625

Current CPI (Apr. 2024) = 107.7000.

Miroku Quarterly Data

per share eps CPI Adj_EPS
201407 66.550 98.100 73.063
201410 -0.600 98.200 -0.658
201501 46.900 97.800 51.648
201504 48.240 98.400 52.799
201507 67.261 98.300 73.693
201510 18.800 98.500 20.556
201601 19.450 97.700 21.441
201604 58.547 98.100 64.276
201607 52.237 97.900 57.466
201610 64.950 98.600 70.944
201701 75.450 98.200 82.749
201704 92.344 98.500 100.969
201707 133.645 98.300 146.425
201710 30.892 98.800 33.675
201801 90.550 99.500 98.012
201804 109.652 99.100 119.168
201807 70.166 99.200 76.178
201810 10.945 100.200 11.764
201901 128.040 99.700 138.314
201904 66.599 100.000 71.727
201907 73.514 99.800 79.333
201910 54.179 100.400 58.118
202001 37.910 100.500 40.626
202004 61.850 100.200 66.479
202007 40.769 100.000 43.908
202010 8.849 99.800 9.549
202101 40.800 99.800 44.030
202104 44.750 99.100 48.633
202107 44.175 99.700 47.720
202110 -26.893 99.900 -28.993
202201 62.660 100.300 67.283
202204 62.190 101.500 65.989
202207 50.190 102.300 52.839
202210 -1.490 103.700 -1.547
202301 78.860 104.700 81.120
202304 68.117 105.100 69.802
202307 42.344 105.700 43.145
202310 -26.191 107.100 -26.338
202401 29.350 106.900 29.570
202404 -20.625 107.700 -20.625

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


Miroku  (TSE:7983) 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.

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

Shiller PE Ratio=Share Price/E10
=1083.00/213.49
=5.07

* 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 Miroku was 11.19. The lowest was 5.07. And the median was 7.32.


Be Aware

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


Miroku E10 Related Terms

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


Miroku Business Description

Traded in Other Exchanges
N/A
Address
537-1 Shinohara, Nankoku, Kochi, JPN, 783-0006
Miroku Corp is engaged in manufacturing and selling hunting guns, machine tools, automotive-related products. Its products include shotguns, rifles for sports, and hunting gun-related goods, hole drilling machines and industrial tools, steering wheels, and automotive-related products.

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