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Okamura (TSE:7994) E10 : 円132.75 (As of Dec. 2024)


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What is Okamura 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.

Okamura's adjusted earnings per share data for the three months ended in Dec. 2024 was 円33.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円132.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Okamura's average E10 Growth Rate was 16.00% per year. During the past 3 years, the average E10 Growth Rate was 16.60% per year. During the past 5 years, the average E10 Growth Rate was 16.20% 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 Okamura was 16.60% per year. The lowest was 12.00% per year. And the median was 15.95% per year.

As of today (2025-03-23), Okamura's current stock price is 円2033.00. Okamura's E10 for the quarter that ended in Dec. 2024 was 円132.75. Okamura's Shiller PE Ratio of today is 15.31.

During the past 13 years, the highest Shiller PE Ratio of Okamura was 33.10. The lowest was 10.45. And the median was 17.72.


Okamura E10 Historical Data

The historical data trend for Okamura'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.

Okamura E10 Chart

Okamura 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 65.53 75.95 88.35 102.37 120.48

Okamura Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 114.45 120.48 127.83 128.23 132.75

Competitive Comparison of Okamura's E10

For the Business Equipment & Supplies subindustry, Okamura'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=33.85/110.7000*110.7000
=33.850

Current CPI (Dec. 2024) = 110.7000.

Okamura Quarterly Data

per share eps CPI Adj_EPS
201503 25.871 97.900 29.254
201506 16.690 98.400 18.776
201509 12.618 98.500 14.181
201512 12.910 98.100 14.568
201603 40.076 97.900 45.316
201606 21.190 98.100 23.912
201609 13.460 98.000 15.204
201612 9.377 98.400 10.549
201703 31.270 98.100 35.286
201706 16.280 98.500 18.296
201709 16.810 98.800 18.835
201712 10.276 99.400 11.444
201803 54.860 99.200 61.220
201806 19.110 99.200 21.325
201809 24.738 99.900 27.412
201812 10.840 99.700 12.036
201903 38.221 99.700 42.438
201906 19.470 99.800 21.596
201909 11.584 100.100 12.811
201912 14.350 100.500 15.806
202003 44.030 100.300 48.595
202006 0.010 99.900 0.011
202009 19.524 99.900 21.635
202012 31.600 99.300 35.228
202103 61.340 99.900 67.971
202106 33.040 99.500 36.759
202109 17.775 100.100 19.657
202112 27.475 100.100 30.384
202203 72.870 101.100 79.789
202206 26.230 101.800 28.523
202209 33.549 103.100 36.022
202212 34.194 104.100 36.362
202303 69.170 104.400 73.344
202306 64.060 105.200 67.409
202309 43.510 106.200 45.354
202312 25.918 106.800 26.864
202403 80.780 107.200 83.417
202406 72.100 108.200 73.766
202409 12.130 108.900 12.330
202412 33.850 110.700 33.850

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


Okamura  (TSE:7994) 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.

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

Shiller PE Ratio=Share Price/E10
=2033.00/132.75
=15.31

* 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 Okamura was 33.10. The lowest was 10.45. And the median was 17.72.


Be Aware

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


Okamura E10 Related Terms

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


Okamura Business Description

Traded in Other Exchanges
N/A
Address
Bldg 19, No. 1, No. 4 Tenri Kitasaiwai 1-chome, Nishi-ku, Yokohama, JPN, 220-0004
Okamura Corp is a Japanese manufacturer that operates through three segments. The office furniture segment provides office seating, desks, storage, filing supplies, room furniture, and fixtures. The store displays segment comprises products including display fixtures for food and stores, checkout facilities, and showcases. The material handling systems and others segment consists of automated warehouse, conveyor systems, sorting systems, shelves, and equipment for plants and warehouses. Combined, the office furniture and store displays segments contribute the majority of group sales. Okamura's products are manufactured both in Japan and overseas and are delivered across the world by its distribution network.

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