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TKC (TSE:9746) E10 : 円154.20 (As of Sep. 2024)


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What is TKC 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.

TKC's adjusted earnings per share data for the three months ended in Sep. 2024 was 円30.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円154.20 for the trailing ten years ended in Sep. 2024.

During the past 12 months, TKC's average E10 Growth Rate was 13.00% per year. During the past 3 years, the average E10 Growth Rate was 13.70% per year. During the past 5 years, the average E10 Growth Rate was 12.70% 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 TKC was 13.70% per year. The lowest was -4.20% per year. And the median was 11.70% per year.

As of today (2025-04-01), TKC's current stock price is 円3920.00. TKC's E10 for the quarter that ended in Sep. 2024 was 円154.20. TKC's Shiller PE Ratio of today is 25.42.

During the past 13 years, the highest Shiller PE Ratio of TKC was 40.50. The lowest was 15.76. And the median was 27.53.


TKC E10 Historical Data

The historical data trend for TKC'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.

TKC E10 Chart

TKC Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.71 104.84 119.70 136.48 154.20

TKC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 141.51 145.97 151.25 154.20 -

Competitive Comparison of TKC's E10

For the Information Technology Services subindustry, TKC'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.


TKC's Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, TKC's Shiller PE Ratio distribution charts can be found below:

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


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TKC 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, TKC'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)
=30.5/108.9000*108.9000
=30.500

Current CPI (Sep. 2024) = 108.9000.

TKC Quarterly Data

per share eps CPI Adj_EPS
201412 15.285 97.900 17.002
201503 37.875 97.900 42.131
201506 21.120 98.400 23.374
201509 1.035 98.500 1.144
201512 32.270 98.100 35.823
201603 30.820 97.900 34.283
201606 29.900 98.100 33.192
201609 -3.565 98.000 -3.962
201612 20.275 98.400 22.438
201703 41.715 98.100 46.307
201706 27.105 98.500 29.967
201709 24.985 98.800 27.539
201712 32.060 99.400 35.124
201803 30.195 99.200 33.148
201806 33.400 99.200 36.666
201809 20.550 99.900 22.401
201812 22.085 99.700 24.123
201903 43.375 99.700 47.378
201906 32.505 99.800 35.469
201909 29.530 100.100 32.126
201912 30.340 100.500 32.876
202003 59.315 100.300 64.401
202006 39.569 99.900 43.134
202009 19.579 99.900 21.343
202012 35.640 99.300 39.086
202103 68.780 99.900 74.976
202106 46.770 99.500 51.188
202109 13.740 100.100 14.948
202112 42.410 100.100 46.138
202203 68.410 101.100 73.688
202206 44.054 101.800 47.127
202209 22.737 103.100 24.016
202212 55.120 104.100 57.662
202303 61.877 104.400 64.544
202306 69.050 105.200 71.479
202309 20.480 106.200 21.001
202312 51.970 106.800 52.992
202403 70.301 107.200 71.416
202406 63.430 108.200 63.840
202409 30.500 108.900 30.500

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


TKC  (TSE:9746) 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.

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

Shiller PE Ratio=Share Price/E10
=3920.00/154.20
=25.42

* 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 TKC was 40.50. The lowest was 15.76. And the median was 27.53.


Be Aware

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


TKC E10 Related Terms

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


TKC Business Description

Traded in Other Exchanges
N/A
Address
1758 Tsurutamachi, Utsunomiya-shi, Tochigi, JPN, 320-0851
TKC Corp provides a variety of information technology, or IT, services. The firm's computer services include batch processing and printing, data storage, and download management. TKC's Internet services include Internet management, cloud computing, database management, data storage, data backup, and data security. The company's other services include software development, system device sales, systems consulting services, and general education and training services. TKC generates the majority of its sales revenue from accounting firms and local governments.

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