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Maruwn (TSE:9067) E10 : 円26.46 (As of Dec. 2023)


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What is Maruwn 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.

Maruwn's adjusted earnings per share data for the three months ended in Dec. 2023 was 円4.397. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円26.46 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maruwn's average E10 Growth Rate was 11.60% per year. During the past 3 years, the average E10 Growth Rate was 1.60% per year. During the past 5 years, the average E10 Growth Rate was 1.80% 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 Maruwn was 2.80% per year. The lowest was -1.90% per year. And the median was 1.60% per year.

As of today (2024-06-06), Maruwn's current stock price is 円379.00. Maruwn's E10 for the quarter that ended in Dec. 2023 was 円26.46. Maruwn's Shiller PE Ratio of today is 14.32.

During the past 13 years, the highest Shiller PE Ratio of Maruwn was 18.17. The lowest was 8.74. And the median was 11.65.


Maruwn E10 Historical Data

The historical data trend for Maruwn'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.

Maruwn E10 Chart

Maruwn 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 22.98 22.80 21.98 21.70 23.89

Maruwn 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 23.70 23.89 24.81 25.86 26.46

Competitive Comparison of Maruwn's E10

For the Trucking subindustry, Maruwn'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.


Maruwn's Shiller PE Ratio Distribution in the Transportation Industry

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

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



Maruwn 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, Maruwn'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)
=4.397/106.8000*106.8000
=4.397

Current CPI (Dec. 2023) = 106.8000.

Maruwn Quarterly Data

per share eps CPI Adj_EPS
201403 31.947 95.700 35.652
201406 -1.600 98.000 -1.744
201409 0.890 98.500 0.965
201412 6.230 97.900 6.796
201503 -2.458 97.900 -2.681
201506 -0.470 98.400 -0.510
201509 -10.430 98.500 -11.309
201512 36.553 98.100 39.795
201603 8.481 97.900 9.252
201606 2.020 98.100 2.199
201609 0.760 98.000 0.828
201612 9.034 98.400 9.805
201703 7.996 98.100 8.705
201706 4.850 98.500 5.259
201709 3.738 98.800 4.041
201712 11.090 99.400 11.916
201803 9.208 99.200 9.913
201806 6.440 99.200 6.933
201809 5.120 99.900 5.474
201812 24.090 99.700 25.806
201903 8.850 99.700 9.480
201906 5.240 99.800 5.608
201909 5.710 100.100 6.092
201912 11.181 100.500 11.882
202003 9.200 100.300 9.796
202006 -0.930 99.900 -0.994
202009 0.346 99.900 0.370
202012 8.274 99.300 8.899
202103 8.724 99.900 9.327
202106 3.910 99.500 4.197
202109 1.627 100.100 1.736
202112 3.920 100.100 4.182
202203 6.612 101.100 6.985
202206 -0.180 101.800 -0.189
202209 2.493 103.100 2.582
202212 5.989 104.100 6.144
202303 2.600 104.400 2.660
202306 3.430 105.200 3.482
202309 0.900 106.200 0.905
202312 4.397 106.800 4.397

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


Maruwn  (TSE:9067) 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.

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

Shiller PE Ratio=Share Price/E10
=379.00/26.46
=14.32

* 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 Maruwn was 18.17. The lowest was 8.74. And the median was 11.65.


Be Aware

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


Maruwn E10 Related Terms

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


Maruwn (TSE:9067) Business Description

Traded in Other Exchanges
N/A
Address
No. 7 No. 2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0016
Maruwn Corp is engaged in the logistics business in Japan. It offers various logistics services including general cargo such as daily goods, special cargo such as heavy goods and long items, liquid hazardous goods such as petroleum products and lubricants, multi-temperature range products such as foods and medical equipment.

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