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Ajinomoto (Malaysia) Bhd (XKLS:2658) E10 : RM1.13 (As of Dec. 2023)


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What is Ajinomoto (Malaysia) Bhd 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.

Ajinomoto (Malaysia) Bhd's adjusted earnings per share data for the three months ended in Dec. 2023 was RM0.241. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is RM1.13 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ajinomoto (Malaysia) Bhd's average E10 Growth Rate was 7.60% 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.

As of today (2024-06-13), Ajinomoto (Malaysia) Bhd's current stock price is RM15.60. Ajinomoto (Malaysia) Bhd's E10 for the quarter that ended in Dec. 2023 was RM1.13. Ajinomoto (Malaysia) Bhd's Shiller PE Ratio of today is 13.81.

During the past 13 years, the highest Shiller PE Ratio of Ajinomoto (Malaysia) Bhd was 17.96. The lowest was 10.48. And the median was 13.96.


Ajinomoto (Malaysia) Bhd E10 Historical Data

The historical data trend for Ajinomoto (Malaysia) Bhd'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.

Ajinomoto (Malaysia) Bhd E10 Chart

Ajinomoto (Malaysia) Bhd 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 - - - 1.04 1.10

Ajinomoto (Malaysia) Bhd 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 1.05 1.10 1.11 1.12 1.13

Competitive Comparison of Ajinomoto (Malaysia) Bhd's E10

For the Packaged Foods subindustry, Ajinomoto (Malaysia) Bhd'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.


Ajinomoto (Malaysia) Bhd's Shiller PE Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto (Malaysia) Bhd's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ajinomoto (Malaysia) Bhd's Shiller PE Ratio falls into.



Ajinomoto (Malaysia) Bhd 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, Ajinomoto (Malaysia) Bhd'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)
=0.241/129.4194*129.4194
=0.241

Current CPI (Dec. 2023) = 129.4194.

Ajinomoto (Malaysia) Bhd Quarterly Data

per share eps CPI Adj_EPS
201403 0.087 99.695 0.113
201406 0.135 100.560 0.174
201409 0.125 100.428 0.161
201412 0.135 99.070 0.176
201503 0.094 99.621 0.122
201506 0.169 100.684 0.217
201509 0.204 100.392 0.263
201512 0.189 99.792 0.245
201603 0.108 100.470 0.139
201606 0.213 101.688 0.271
201609 0.198 101.861 0.252
201612 0.223 101.863 0.283
201703 2.450 102.862 3.083
201706 0.130 103.349 0.163
201709 0.272 104.136 0.338
201712 0.282 104.011 0.351
201803 0.242 105.290 0.297
201806 0.184 106.317 0.224
201809 0.256 106.507 0.311
201812 0.297 105.998 0.363
201903 0.194 107.251 0.234
201906 0.226 108.070 0.271
201909 0.252 108.329 0.301
201912 0.246 108.420 0.294
202003 0.261 108.902 0.310
202006 0.248 108.767 0.295
202009 0.226 109.815 0.266
202012 0.194 109.897 0.228
202103 0.097 111.754 0.112
202106 0.250 114.631 0.282
202109 0.147 115.734 0.164
202112 0.169 117.630 0.186
202203 -0.287 121.301 -0.306
202206 -0.014 125.017 -0.014
202209 0.048 125.227 0.050
202212 0.038 125.222 0.039
202303 0.380 127.348 0.386
202306 0.201 128.729 0.202
202309 0.170 129.860 0.169
202312 0.241 129.419 0.241

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


Ajinomoto (Malaysia) Bhd  (XKLS:2658) 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.

Ajinomoto (Malaysia) Bhd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.60/1.13
=13.81

* 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 Ajinomoto (Malaysia) Bhd was 17.96. The lowest was 10.48. And the median was 13.96.


Be Aware

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


Ajinomoto (Malaysia) Bhd E10 Related Terms

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


Ajinomoto (Malaysia) Bhd (XKLS:2658) Business Description

Traded in Other Exchanges
N/A
Address
Lot L1-E-5A and L1-E-5B, Enterprise 4, Technology Park Malaysia, Lebuhraya Puchong - Sg. Besi, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000
Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling AJI-NO-MOTO products, and other seasoning and food items. Its Consumer business segment consists of the manufacture and distribution of consumer products including "AJI-NO-MOTO", flavor seasoning "Tumix", menu seasoning "Seri-Aji" and other seasonings. Industrial business segment consists of manufacture and distribution of monosodium glutamate for industry-use, industrial seasonings and related products. The company generates the majority of its revenue from Malaysia.

Ajinomoto (Malaysia) Bhd (XKLS:2658) Headlines

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