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TMRNF (Tamron Co) E10 : $0.79 (As of Jun. 2024)


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What is Tamron 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.

Tamron Co's adjusted earnings per share data for the three months ended in Jun. 2024 was $0.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.79 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Tamron Co's average E10 Growth Rate was 29.20% per year. During the past 3 years, the average E10 Growth Rate was 18.00% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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 Tamron Co was 18.00% per year. The lowest was -7.60% per year. And the median was 6.70% per year.

As of today (2024-09-20), Tamron Co's current stock price is $29.22. Tamron Co's E10 for the quarter that ended in Jun. 2024 was $0.79. Tamron Co's Shiller PE Ratio of today is 36.99.

During the past 13 years, the highest Shiller PE Ratio of Tamron Co was 37.78. The lowest was 10.66. And the median was 17.45.


Tamron Co E10 Historical Data

The historical data trend for Tamron 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.

Tamron Co E10 Chart

Tamron Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.74 0.51 0.60 0.56

Tamron Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.66 0.61 0.56 0.75 0.79

Competitive Comparison of Tamron Co's E10

For the Leisure subindustry, Tamron 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.


Tamron Co's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tamron Co's Shiller PE Ratio distribution charts can be found below:

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



Tamron 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, Tamron Co's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.72/108.2000*108.2000
=0.720

Current CPI (Jun. 2024) = 108.2000.

Tamron Co Quarterly Data

per share eps CPI Adj_EPS
201409 0.156 98.500 0.171
201412 0.169 97.900 0.187
201503 0.281 97.900 0.311
201506 0.128 98.400 0.141
201509 0.144 98.500 0.158
201512 0.075 98.100 0.083
201603 -0.026 97.900 -0.029
201606 0.199 98.100 0.219
201609 0.039 98.000 0.043
201612 0.057 98.400 0.063
201703 0.030 98.100 0.033
201706 0.128 98.500 0.141
201709 0.134 98.800 0.147
201712 0.197 99.400 0.214
201803 0.055 99.200 0.060
201806 0.225 99.200 0.245
201809 0.209 99.900 0.226
201812 0.264 99.700 0.287
201903 0.088 99.700 0.096
201906 0.256 99.800 0.278
201909 0.317 100.100 0.343
201912 0.293 100.500 0.315
202003 0.085 100.300 0.092
202006 0.068 99.900 0.074
202009 0.117 99.900 0.127
202012 0.111 99.300 0.121
202103 0.231 99.900 0.250
202106 0.354 99.500 0.385
202109 0.299 100.100 0.323
202112 0.232 100.100 0.251
202203 0.348 101.100 0.372
202206 0.509 101.800 0.541
202209 0.377 103.100 0.396
202212 0.271 104.100 0.282
202303 0.420 104.400 0.435
202306 0.504 105.200 0.518
202309 0.425 106.200 0.433
202312 0.474 106.800 0.480
202403 0.537 107.200 0.542
202406 0.720 108.200 0.720

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


Tamron Co  (OTCPK:TMRNF) 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.

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

Shiller PE Ratio=Share Price/E10
=29.22/0.79
=36.99

* 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 Tamron Co was 37.78. The lowest was 10.66. And the median was 17.45.


Be Aware

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


Tamron Co E10 Related Terms

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


Tamron Co Business Description

Traded in Other Exchanges
Address
1385 Hasunuma, Minuma-ku, Saitama, JPN, 337-8556
Tamron Co Ltd is a Japanese manufacturer of optical and photographic lenses. The company organises itself into three segments: photographic products, optical components, and commercial/industrial-use optics. The photographic products segment, which contributes most company revenue, produces interchangeable lenses for SLR cameras. The optical components segment includes mobile phone, camcorder, and digital camera lenses. The commercial/industrial-use optics segment, the second largest contributor to revenue, produces lenses for CCTV cameras and automotive cameras. The company's most significant geographical segment is Asia (ex. Japan), followed by sales made in Japan, in Europe, and in North America.

Tamron Co Headlines

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