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Kanaden (TSE:8081) E10 : 円105.03 (As of Dec. 2023)


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What is Kanaden 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.

Kanaden's adjusted earnings per share data for the three months ended in Dec. 2023 was 円19.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円105.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kanaden's average E10 Growth Rate was 8.60% per year. During the past 3 years, the average E10 Growth Rate was 5.40% per year. During the past 5 years, the average E10 Growth Rate was 8.20% 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 Kanaden was 10.80% per year. The lowest was 5.40% per year. And the median was 6.60% per year.

As of today (2024-06-05), Kanaden's current stock price is 円1559.00. Kanaden's E10 for the quarter that ended in Dec. 2023 was 円105.03. Kanaden's Shiller PE Ratio of today is 14.84.

During the past 13 years, the highest Shiller PE Ratio of Kanaden was 23.67. The lowest was 10.32. And the median was 14.62.


Kanaden E10 Historical Data

The historical data trend for Kanaden'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.

Kanaden E10 Chart

Kanaden 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 74.54 83.77 87.14 90.29 98.15

Kanaden 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 96.73 98.15 100.93 103.81 105.03

Competitive Comparison of Kanaden's E10

For the Conglomerates subindustry, Kanaden'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.


Kanaden's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kanaden's Shiller PE Ratio distribution charts can be found below:

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



Kanaden 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, Kanaden'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)
=19.93/106.8000*106.8000
=19.930

Current CPI (Dec. 2023) = 106.8000.

Kanaden Quarterly Data

per share eps CPI Adj_EPS
201403 29.890 95.700 33.357
201406 2.790 98.000 3.041
201409 20.300 98.500 22.011
201412 14.550 97.900 15.873
201503 41.290 97.900 45.044
201506 5.310 98.400 5.763
201509 27.130 98.500 29.416
201512 17.448 98.100 18.995
201603 44.420 97.900 48.458
201606 7.600 98.100 8.274
201609 27.560 98.000 30.035
201612 18.079 98.400 19.622
201703 44.400 98.100 48.338
201706 11.690 98.500 12.675
201709 31.614 98.800 34.174
201712 21.720 99.400 23.337
201803 41.040 99.200 44.184
201806 10.090 99.200 10.863
201809 32.822 99.900 35.089
201812 14.460 99.700 15.490
201903 52.670 99.700 56.421
201906 2.770 99.800 2.964
201909 60.808 100.100 64.878
201912 15.430 100.500 16.397
202003 40.870 100.300 43.519
202006 1.020 99.900 1.090
202009 35.110 99.900 37.535
202012 5.090 99.300 5.474
202103 41.630 99.900 44.505
202106 1.880 99.500 2.018
202109 17.520 100.100 18.693
202112 10.698 100.100 11.414
202203 41.660 101.100 44.009
202206 6.810 101.800 7.144
202209 33.580 103.100 34.785
202212 19.750 104.100 20.262
202303 50.530 104.400 51.692
202306 21.920 105.200 22.253
202309 41.080 106.200 41.312
202312 19.930 106.800 19.930

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


Kanaden  (TSE:8081) 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.

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

Shiller PE Ratio=Share Price/E10
=1559.00/105.03
=14.84

* 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 Kanaden was 23.67. The lowest was 10.32. And the median was 14.62.


Be Aware

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


Kanaden E10 Related Terms

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


Kanaden (TSE:8081) Business Description

Traded in Other Exchanges
N/A
Address
Triton square z, 1-8-12, Harumi, Chuo-ku, Tokyo, JPN, 104-6215
Kanaden Corp engages in the manufacture and sale of various types of electrical, electronic, communications machinery, related components, and materials. Its FA Systems segment provides factory automation equipment, laser processing machines, and mechatronic products. The building facilities segment offers uninterruptible power supplies, building management systems, air-conditioning equipment. The infrastructure segment manages the sale of substation power equipment, telecommunications equipment, and vehicle-use electrical equipment. It also sells systems for traffic safety, air traffic control. The information and communication equipment segment handles the sale of microcomputers for security systems, video systems, telecommunications equipment, automobiles.

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