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Musashino Kogyo Co (TSE:9635) E10 : 円37.97 (As of Dec. 2023)


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What is Musashino Kogyo Co 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.

Musashino Kogyo Co's adjusted earnings per share data for the three months ended in Dec. 2023 was 円9.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円37.97 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Musashino Kogyo Co's average E10 Growth Rate was -3.90% per year. During the past 3 years, the average E10 Growth Rate was 1.00% per year. During the past 5 years, the average E10 Growth Rate was -5.60% 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 Musashino Kogyo Co was 1.00% per year. The lowest was -6.60% per year. And the median was -1.00% per year.

As of today (2024-06-09), Musashino Kogyo Co's current stock price is 円2099.00. Musashino Kogyo Co's E10 for the quarter that ended in Dec. 2023 was 円37.97. Musashino Kogyo Co's Shiller PE Ratio of today is 55.28.

During the past 13 years, the highest Shiller PE Ratio of Musashino Kogyo Co was 56.47. The lowest was 34.90. And the median was 47.56.


Musashino Kogyo Co E10 Historical Data

The historical data trend for Musashino Kogyo Co'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.

Musashino Kogyo Co E10 Chart

Musashino Kogyo Co 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 56.51 42.32 60.17 45.98 43.60

Musashino Kogyo Co 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 39.50 43.60 37.61 40.38 37.97

Competitive Comparison of Musashino Kogyo Co's E10

For the Real Estate Services subindustry, Musashino Kogyo Co'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.


Musashino Kogyo Co's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Musashino Kogyo Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Musashino Kogyo Co's Shiller PE Ratio falls into.



Musashino Kogyo Co 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, Musashino Kogyo Co'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)
=9.38/106.8000*106.8000
=9.380

Current CPI (Dec. 2023) = 106.8000.

Musashino Kogyo Co Quarterly Data

per share eps CPI Adj_EPS
201403 47.200 95.700 52.675
201406 49.600 98.000 54.054
201409 4.700 98.500 5.096
201412 32.800 97.900 35.782
201503 -6.100 97.900 -6.655
201506 40.800 98.400 44.283
201509 -2.416 98.500 -2.620
201512 35.400 98.100 38.539
201603 29.176 97.900 31.828
201606 19.100 98.100 20.794
201609 8.400 98.000 9.154
201612 16.789 98.400 18.222
201703 30.790 98.100 33.521
201706 25.790 98.500 27.963
201709 -10.390 98.800 -11.231
201712 31.798 99.400 34.165
201803 50.548 99.200 54.421
201806 123.530 99.200 132.994
201809 -7.766 99.900 -8.302
201812 8.478 99.700 9.082
201903 -6.790 99.700 -7.274
201906 19.580 99.800 20.953
201909 0.870 100.100 0.928
201912 -8.406 100.500 -8.933
202003 -61.060 100.300 -65.017
202006 -14.010 99.900 -14.978
202009 15.689 99.900 16.773
202012 14.363 99.300 15.448
202103 -223.100 99.900 -238.509
202106 5.950 99.500 6.387
202109 3.560 100.100 3.798
202112 1.387 100.100 1.480
202203 36.890 101.100 38.970
202206 -5.470 101.800 -5.739
202209 -15.920 103.100 -16.491
202212 -7.222 104.100 -7.409
202303 67.388 104.400 68.937
202306 -4.330 105.200 -4.396
202309 -8.315 106.200 -8.362
202312 9.380 106.800 9.380

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


Musashino Kogyo Co  (TSE:9635) 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.

Musashino Kogyo Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2099.00/37.97
=55.28

* 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 Musashino Kogyo Co was 56.47. The lowest was 34.90. And the median was 47.56.


Be Aware

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


Musashino Kogyo Co E10 Related Terms

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


Musashino Kogyo Co (TSE:9635) Business Description

Traded in Other Exchanges
N/A
Address
Sancho 36th No. 6, Shinjuku-ku, Tokyo, JPN
Musashino Kogyo Co Ltd is a real estate company which manages land and buildings. The company invests in real estate properties. In addition, the company is engaged in the distribution and operation of cinema kiosks.

Musashino Kogyo Co (TSE:9635) Headlines

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