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Keikyu (TSE:9006) E10 : 円66.43 (As of Sep. 2024)


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What is Keikyu 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.

Keikyu's adjusted earnings per share data for the three months ended in Sep. 2024 was 円24.674. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円66.43 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Keikyu's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 30.00% per year. During the past 5 years, the average E10 Growth Rate was 6.30% 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 Keikyu was 30.00% per year. The lowest was -5.90% per year. And the median was -5.40% per year.

As of today (2024-12-12), Keikyu's current stock price is 円1297.50. Keikyu's E10 for the quarter that ended in Sep. 2024 was 円66.43. Keikyu's Shiller PE Ratio of today is 19.53.

During the past 13 years, the highest Shiller PE Ratio of Keikyu was 102.46. The lowest was 17.24. And the median was 42.92.


Keikyu E10 Historical Data

The historical data trend for Keikyu'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.

Keikyu E10 Chart

Keikyu 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 41.53 28.78 32.13 35.62 63.26

Keikyu Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 36.37 37.58 63.26 65.03 66.43

Competitive Comparison of Keikyu's E10

For the Conglomerates subindustry, Keikyu'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.


Keikyu's Shiller PE Ratio Distribution in the Conglomerates Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=24.674/108.9000*108.9000
=24.674

Current CPI (Sep. 2024) = 108.9000.

Keikyu Quarterly Data

per share eps CPI Adj_EPS
201412 9.240 97.900 10.278
201503 4.300 97.900 4.783
201506 16.000 98.400 17.707
201509 19.260 98.500 21.294
201512 20.510 98.100 22.768
201603 -66.733 97.900 -74.231
201606 83.700 98.100 92.915
201609 24.370 98.000 27.081
201612 21.240 98.400 23.506
201703 -47.560 98.100 -52.796
201706 16.980 98.500 18.773
201709 23.720 98.800 26.145
201712 21.930 99.400 24.026
201803 -3.970 99.200 -4.358
201806 20.290 99.200 22.274
201809 24.620 99.900 26.838
201812 25.250 99.700 27.580
201903 5.055 99.700 5.521
201906 25.540 99.800 27.869
201909 24.390 100.100 26.534
201912 12.136 100.500 13.150
202003 -5.240 100.300 -5.689
202006 -33.100 99.900 -36.082
202009 -33.360 99.900 -36.365
202012 -5.610 99.300 -6.152
202103 -26.774 99.900 -29.186
202106 31.400 99.500 34.366
202109 -3.800 100.100 -4.134
202112 6.459 100.100 7.027
202203 11.457 101.100 12.341
202206 30.310 101.800 32.424
202209 15.200 103.100 16.055
202212 11.435 104.100 11.962
202303 0.509 104.400 0.531
202306 13.520 105.200 13.996
202309 19.925 106.200 20.432
202312 22.500 106.800 22.942
202403 248.280 107.200 252.217
202406 25.137 108.200 25.300
202409 24.674 108.900 24.674

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


Keikyu  (TSE:9006) 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.

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

Shiller PE Ratio=Share Price/E10
=1297.50/66.43
=19.53

* 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 Keikyu was 102.46. The lowest was 17.24. And the median was 42.92.


Be Aware

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


Keikyu E10 Related Terms

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


Keikyu Business Description

Traded in Other Exchanges
N/A
Address
2-20-20 Takanawa, Minato-ku, Tokyo, JPN, 108-8625
Keikyu Corp is one the major private railways in Japan. A link between different parts of Tokyo, it plays a vital role in its public transportation system, thereby earning most of its revenue through its Transportation segment. Its other business segments comprise of Real Estate, Leisure Services and Retailing. The Real Estate segment is involved in the sale and leasing of land and buildings. The Leisure segment operates hotels, golf courses and restaurants. Through its Retailing segment, the company sells merchandise at department stores.

Keikyu Headlines

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