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Anritsu (Anritsu) E10 : $0.44 (As of Mar. 2024)


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What is Anritsu 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.

Anritsu's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Anritsu's average E10 Growth Rate was 0.50% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 8.10% 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 Anritsu was 23.60% per year. The lowest was 1.90% per year. And the median was 11.15% per year.

As of today (2024-05-24), Anritsu's current stock price is $8.12. Anritsu's E10 for the quarter that ended in Mar. 2024 was $0.44. Anritsu's Shiller PE Ratio of today is 18.45.

During the past 13 years, the highest Shiller PE Ratio of Anritsu was 54.16. The lowest was 15.03. And the median was 37.20.


Anritsu E10 Historical Data

The historical data trend for Anritsu'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.

Anritsu E10 Chart

Anritsu 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 0.16 0.57 0.75 0.50 0.44

Anritsu Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.50 0.50 0.51 0.35 0.44

Competitive Comparison of Anritsu's E10

For the Electronic Components subindustry, Anritsu'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.


Anritsu's Shiller PE Ratio Distribution in the Hardware Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.19/107.2000*107.2000
=0.190

Current CPI (Mar. 2024) = 107.2000.

Anritsu Quarterly Data

per share eps CPI Adj_EPS
201406 0.055 98.000 0.060
201409 0.173 98.500 0.188
201412 0.124 97.900 0.136
201503 0.138 97.900 0.151
201506 0.067 98.400 0.073
201509 0.074 98.500 0.081
201512 0.093 98.100 0.102
201603 -0.010 97.900 -0.011
201606 0.000 98.100 0.000
201609 -0.007 98.000 -0.008
201612 0.050 98.400 0.054
201703 0.129 98.100 0.141
201706 -0.015 98.500 -0.016
201709 0.027 98.800 0.029
201712 0.082 99.400 0.088
201803 0.097 99.200 0.105
201806 0.112 99.200 0.121
201809 0.093 99.900 0.100
201812 0.203 99.700 0.218
201903 0.177 99.700 0.190
201906 0.120 99.800 0.129
201909 0.195 100.100 0.209
201912 0.243 100.500 0.259
202003 0.341 100.300 0.364
202006 0.238 99.900 0.255
202009 0.244 99.900 0.262
202012 0.237 99.300 0.256
202103 0.379 99.900 0.407
202106 0.138 99.500 0.149
202109 0.224 100.100 0.240
202112 0.176 100.100 0.188
202203 0.288 101.100 0.305
202206 0.162 101.800 0.171
202209 0.116 103.100 0.121
202212 0.065 104.100 0.067
202303 0.171 104.400 0.176
202306 0.013 105.200 0.013
202309 0.130 106.200 0.131
202312 0.060 106.800 0.060
202403 0.190 107.200 0.190

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


Anritsu  (OTCPK:AITUF) 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.

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

Shiller PE Ratio=Share Price/E10
=8.12/0.44
=18.45

* 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 Anritsu was 54.16. The lowest was 15.03. And the median was 37.20.


Be Aware

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


Anritsu E10 Related Terms

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


Anritsu (Anritsu) Business Description

Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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