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Goldwin (TSE:8111) E10 : 円230.02 (As of Dec. 2023)


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What is Goldwin 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.

Goldwin's adjusted earnings per share data for the three months ended in Dec. 2023 was 円227.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円230.02 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Goldwin'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 Goldwin was 140.20% per year. The lowest was 22.80% per year. And the median was 24.40% per year.

As of today (2024-05-27), Goldwin's current stock price is 円8219.00. Goldwin's E10 for the quarter that ended in Dec. 2023 was 円230.02. Goldwin's Shiller PE Ratio of today is 35.73.

During the past 13 years, the highest Shiller PE Ratio of Goldwin was 588.03. The lowest was 34.91. And the median was 60.05.


Goldwin E10 Historical Data

The historical data trend for Goldwin'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.

Goldwin E10 Chart

Goldwin 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 100.41 120.39 147.72 193.19 -

Goldwin Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 193.19 202.61 211.17 230.02 -

Competitive Comparison of Goldwin's E10

For the Apparel Manufacturing subindustry, Goldwin'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.


Goldwin's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's Shiller PE Ratio distribution charts can be found below:

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



Goldwin 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, Goldwin'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)
=227.35/106.8000*106.8000
=227.350

Current CPI (Dec. 2023) = 106.8000.

Goldwin Quarterly Data

per share eps CPI Adj_EPS
201403 3.575 95.700 3.990
201406 -5.950 98.000 -6.484
201409 17.363 98.500 18.826
201412 57.588 97.900 62.823
201503 5.881 97.900 6.416
201506 -4.693 98.400 -5.094
201509 10.999 98.500 11.926
201512 46.448 98.100 50.567
201603 20.588 97.900 22.460
201606 -1.365 98.100 -1.486
201609 14.212 98.000 15.488
201612 51.940 98.400 56.374
201703 9.698 98.100 10.558
201706 8.985 98.500 9.742
201709 14.340 98.800 15.501
201712 78.205 99.400 84.027
201803 12.452 99.200 13.406
201806 12.810 99.200 13.791
201809 21.225 99.900 22.691
201812 131.683 99.700 141.061
201903 36.046 99.700 38.613
201906 30.410 99.800 32.543
201909 49.060 100.100 52.344
201912 173.600 100.500 184.482
202003 -15.180 100.300 -16.164
202006 -6.460 99.900 -6.906
202009 20.077 99.900 21.464
202012 189.850 99.300 204.189
202103 33.020 99.900 35.301
202106 27.230 99.500 29.228
202109 30.780 100.100 32.840
202112 179.750 100.100 191.781
202203 78.540 101.100 82.968
202206 57.740 101.800 60.576
202209 71.960 103.100 74.542
202212 231.420 104.100 237.422
202303 104.544 104.400 106.947
202306 74.300 105.200 75.430
202309 88.180 106.200 88.678
202312 227.350 106.800 227.350

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


Goldwin  (TSE:8111) 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.

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

Shiller PE Ratio=Share Price/E10
=8219.00/230.02
=35.73

* 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 Goldwin was 588.03. The lowest was 34.91. And the median was 60.05.


Be Aware

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


Goldwin E10 Related Terms

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


Goldwin (TSE:8111) Business Description

Traded in Other Exchanges
N/A
Address
2-20-6 Shoto, Shibuya-ku, Tokyo, JPN, 150-8517
Goldwin Inc is involved in the business of manufacture and sale of sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo,Ellesse, Danskin, Canterbury, Black and white sport, The north face, Helly Hansen, Macpac, Alite, Ice breaker and Fischer.

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