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Matsui Securities Co (FRA:MTW) E10 : €0.29 (As of Dec. 2023)


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What is Matsui Securities 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.

Matsui Securities Co's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.056. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.29 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Matsui Securities Co's average E10 Growth Rate was -100.00% 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 Matsui Securities Co was 5.20% per year. The lowest was 2.00% per year. And the median was 3.50% per year.

As of today (2024-06-08), Matsui Securities Co's current stock price is €4.72. Matsui Securities Co's E10 for the quarter that ended in Dec. 2023 was €0.29. Matsui Securities Co's Shiller PE Ratio of today is 16.28.

During the past 13 years, the highest Shiller PE Ratio of Matsui Securities Co was 31.40. The lowest was 15.39. And the median was 19.56.


Matsui Securities Co E10 Historical Data

The historical data trend for Matsui Securities 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.

Matsui Securities Co E10 Chart

Matsui Securities Co 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 0.34 0.33 0.34 0.33 -

Matsui Securities Co 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 0.33 0.29 0.29 0.29 -

Competitive Comparison of Matsui Securities Co's E10

For the Capital Markets subindustry, Matsui Securities 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.


Matsui Securities Co's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matsui Securities Co's Shiller PE Ratio distribution charts can be found below:

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



Matsui Securities 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, Matsui Securities 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)
=0.056/106.8000*106.8000
=0.056

Current CPI (Dec. 2023) = 106.8000.

Matsui Securities Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.088 95.700 0.098
201406 0.082 98.000 0.089
201409 0.100 98.500 0.108
201412 0.116 97.900 0.127
201503 0.141 97.900 0.154
201506 0.114 98.400 0.124
201509 0.132 98.500 0.143
201512 0.096 98.100 0.105
201603 0.089 97.900 0.097
201606 0.093 98.100 0.101
201609 0.078 98.000 0.085
201612 0.085 98.400 0.092
201703 0.094 98.100 0.102
201706 0.087 98.500 0.094
201709 0.082 98.800 0.089
201712 0.104 99.400 0.112
201803 0.112 99.200 0.121
201806 0.089 99.200 0.096
201809 0.075 99.900 0.080
201812 0.074 99.700 0.079
201903 0.052 99.700 0.056
201906 0.044 99.800 0.047
201909 0.047 100.100 0.050
201912 0.051 100.500 0.054
202003 0.057 100.300 0.061
202006 0.068 99.900 0.073
202009 0.106 99.900 0.113
202012 0.070 99.300 0.075
202103 0.076 99.900 0.081
202106 0.116 99.500 0.125
202109 0.073 100.100 0.078
202112 0.069 100.100 0.074
202203 0.082 101.100 0.087
202206 0.053 101.800 0.056
202209 0.052 103.100 0.054
202212 0.056 104.100 0.057
202303 0.051 104.400 0.052
202306 0.060 105.200 0.061
202309 0.059 106.200 0.059
202312 0.056 106.800 0.056

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


Matsui Securities Co  (FRA:MTW) 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.

Matsui Securities Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.72/0.29
=16.28

* 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 Matsui Securities Co was 31.40. The lowest was 15.39. And the median was 19.56.


Be Aware

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


Matsui Securities Co E10 Related Terms

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


Matsui Securities Co (FRA:MTW) Business Description

Traded in Other Exchanges
Address
1-4, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8516
Matsui Securities Co Ltd is a Japanese online securities broker that provides services and trading platform for retail investors. The company's services include cash, margin, futures, and foreign exchange trading. Brokerage commissions and net interest income account for most of Matsui's operating revenue. The company generates the brokerage commissions through equity (cash and margin), futures and options, and foreign exchange transactions. The commissions on equity transactions account for the vast majority of brokerage commission revenue. Net interest income stems from margin and securities lending transaction revenue deducting interest expenses on margin transactions.