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Gunze (TSE:3002) E10 : 円179.69 (As of Dec. 2023)


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What is Gunze 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.

Gunze's adjusted earnings per share data for the three months ended in Dec. 2023 was 円77.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円179.69 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Gunze'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 Gunze was 15.00% per year. The lowest was 12.10% per year. And the median was 14.10% per year.

As of today (2024-06-06), Gunze's current stock price is 円5430.00. Gunze's E10 for the quarter that ended in Dec. 2023 was 円179.69. Gunze's Shiller PE Ratio of today is 30.22.

During the past 13 years, the highest Shiller PE Ratio of Gunze was 97.93. The lowest was 23.33. And the median was 34.69.


Gunze E10 Historical Data

The historical data trend for Gunze'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.

Gunze E10 Chart

Gunze 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 113.32 115.39 130.86 168.22 -

Gunze 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 168.22 174.10 182.08 179.69 -

Competitive Comparison of Gunze's E10

For the Apparel Manufacturing subindustry, Gunze'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.


Gunze's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gunze's Shiller PE Ratio distribution charts can be found below:

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



Gunze 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, Gunze'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)
=77.94/106.8000*106.8000
=77.940

Current CPI (Dec. 2023) = 106.8000.

Gunze Quarterly Data

per share eps CPI Adj_EPS
201403 -11.300 95.700 -12.611
201406 29.300 98.000 31.931
201409 35.700 98.500 38.708
201412 96.500 97.900 105.273
201503 6.100 97.900 6.655
201506 46.200 98.400 50.144
201509 -25.100 98.500 -27.215
201512 30.900 98.100 33.640
201603 -117.132 97.900 -127.780
201606 -305.400 98.100 -332.484
201609 161.578 98.000 176.087
201612 382.792 98.400 415.469
201703 -73.110 98.100 -79.594
201706 91.550 98.500 99.264
201709 44.700 98.800 48.319
201712 88.840 99.400 95.454
201803 -37.270 99.200 -40.125
201806 106.380 99.200 114.530
201809 32.880 99.900 35.151
201812 111.670 99.700 119.622
201903 -26.850 99.700 -28.762
201906 54.960 99.800 58.815
201909 64.110 100.100 68.401
201912 130.660 100.500 138.851
202003 -5.920 100.300 -6.304
202006 -16.210 99.900 -17.330
202009 28.681 99.900 30.662
202012 106.780 99.300 114.845
202103 1.220 99.900 1.304
202106 1.350 99.500 1.449
202109 283.440 100.100 302.412
202112 92.440 100.100 98.627
202203 -209.430 101.100 -221.238
202206 67.630 101.800 70.952
202209 59.750 103.100 61.894
202212 96.310 104.100 98.808
202303 37.060 104.400 37.912
202306 92.840 105.200 94.252
202309 62.650 106.200 63.004
202312 77.940 106.800 77.940

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


Gunze  (TSE:3002) 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.

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

Shiller PE Ratio=Share Price/E10
=5430.00/179.69
=30.22

* 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 Gunze was 97.93. The lowest was 23.33. And the median was 34.69.


Be Aware

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


Gunze E10 Related Terms

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


Gunze (TSE:3002) Business Description

Traded in Other Exchanges
N/A
Address
2-5-25, Umeda, Kita-ku, Herbis Osaka Office Tower, Osaka, JPN, 530-0001
Gunze Ltd has three business lines: Apparel, Functional Solutions, and Lifestyle Creation. Apparel, which is the company's largest business by revenue, manufactures innerwear, legwear, house casual wear, and threads and accessories with brands including Kaiteki Kobo, Body Wild, Tuche, The Gunze, and Sabrina. Functional Solutions produces plastic films, engineering plastics, electronic components, mechatronics, and medical materials for the beverage, electronics, and medical industries. Lifestyle Creations, the smallest business, engages in a variety of service businesses including landscaping, fitness clubs and spas, property development, and energy engineering. Roughly three fourths of the company's sales come from Japan.

Gunze (TSE:3002) Headlines

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