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Kamei (TSE:8037) E10 : 円234.13 (As of Dec. 2023)


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What is Kamei 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.

Kamei's adjusted earnings per share data for the three months ended in Dec. 2023 was 円62.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円234.13 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kamei's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 10.20% per year. During the past 5 years, the average E10 Growth Rate was 12.50% 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 Kamei was 17.40% per year. The lowest was 10.20% per year. And the median was 11.70% per year.

As of today (2024-05-21), Kamei's current stock price is 円2055.00. Kamei's E10 for the quarter that ended in Dec. 2023 was 円234.13. Kamei's Shiller PE Ratio of today is 8.78.

During the past 13 years, the highest Shiller PE Ratio of Kamei was 16.31. The lowest was 4.85. And the median was 6.74.


Kamei E10 Historical Data

The historical data trend for Kamei'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.

Kamei E10 Chart

Kamei 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 147.21 164.98 198.14 205.31 220.58

Kamei 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 222.84 220.58 227.51 232.25 234.13

Competitive Comparison of Kamei's E10

For the Oil & Gas Refining & Marketing subindustry, Kamei'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.


Kamei's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kamei's Shiller PE Ratio distribution charts can be found below:

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



Kamei 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, Kamei'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)
=62.78/106.8000*106.8000
=62.780

Current CPI (Dec. 2023) = 106.8000.

Kamei Quarterly Data

per share eps CPI Adj_EPS
201403 32.271 95.700 36.014
201406 23.140 98.000 25.218
201409 38.430 98.500 41.668
201412 -14.285 97.900 -15.584
201503 67.880 97.900 74.051
201506 44.840 98.400 48.668
201509 41.530 98.500 45.029
201512 60.414 98.100 65.772
201603 129.457 97.900 141.226
201606 53.830 98.100 58.604
201609 33.260 98.000 36.247
201612 58.450 98.400 63.440
201703 87.660 98.100 95.434
201706 50.340 98.500 54.582
201709 37.520 98.800 40.558
201712 37.588 99.400 40.386
201803 70.290 99.200 75.675
201806 40.150 99.200 43.226
201809 32.588 99.900 34.839
201812 44.314 99.700 47.470
201903 79.300 99.700 84.947
201906 38.260 99.800 40.944
201909 36.010 100.100 38.420
201912 57.910 100.500 61.540
202003 68.860 100.300 73.323
202006 40.420 99.900 43.212
202009 40.654 99.900 43.462
202012 68.480 99.300 73.652
202103 84.015 99.900 89.818
202106 51.250 99.500 55.010
202109 46.666 100.100 49.789
202112 45.970 100.100 49.047
202203 109.491 101.100 115.664
202206 76.610 101.800 80.373
202209 68.330 103.100 70.782
202212 64.315 104.100 65.983
202303 45.564 104.400 46.611
202306 80.270 105.200 81.491
202309 61.570 106.200 61.918
202312 62.780 106.800 62.780

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


Kamei  (TSE:8037) 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.

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

Shiller PE Ratio=Share Price/E10
=2055.00/234.13
=8.78

* 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 Kamei was 16.31. The lowest was 4.85. And the median was 6.74.


Be Aware

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


Kamei E10 Related Terms

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


Kamei (TSE:8037) Business Description

Traded in Other Exchanges
N/A
Address
1-18 3-chome, Aoba-ku, Kokubuncho, Sendai, JPN, 980-8583
Kamei Corp provides oil & gas products. Its portfolio comprises of various products such as gasoline, kerosene, diesel oil, fuel oil, lubricating oil and asphalt, lubricants, caustic soda, calcium chloride and methanol.

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