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DVx (TSE:3079) E10 : 円83.80 (As of Dec. 2023)


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What is DVx 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.

DVx's adjusted earnings per share data for the three months ended in Dec. 2023 was 円-11.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円83.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, DVx's average E10 Growth Rate was -1.80% per year. During the past 3 years, the average E10 Growth Rate was 5.00% per year. During the past 5 years, the average E10 Growth Rate was 6.90% 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 DVx was 8.80% per year. The lowest was 5.00% per year. And the median was 5.30% per year.

As of today (2024-06-08), DVx's current stock price is 円1004.00. DVx's E10 for the quarter that ended in Dec. 2023 was 円83.80. DVx's Shiller PE Ratio of today is 11.98.

During the past 13 years, the highest Shiller PE Ratio of DVx was 23.91. The lowest was 9.37. And the median was 12.65.


DVx E10 Historical Data

The historical data trend for DVx'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.

DVx E10 Chart

DVx 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 70.20 75.11 77.03 81.85 86.90

DVx 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 85.31 86.90 86.63 86.42 83.80

Competitive Comparison of DVx's E10

For the Medical Devices subindustry, DVx'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.


DVx's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, DVx's Shiller PE Ratio distribution charts can be found below:

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



DVx 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, DVx'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)
=-11.45/106.8000*106.8000
=-11.450

Current CPI (Dec. 2023) = 106.8000.

DVx Quarterly Data

per share eps CPI Adj_EPS
201403 14.570 95.700 16.260
201406 19.770 98.000 21.545
201409 21.220 98.500 23.008
201412 19.480 97.900 21.251
201503 21.100 97.900 23.018
201506 46.170 98.400 50.111
201509 16.160 98.500 17.522
201512 24.852 98.100 27.056
201603 27.170 97.900 29.640
201606 20.760 98.100 22.601
201609 20.010 98.000 21.807
201612 27.567 98.400 29.920
201703 22.637 98.100 24.645
201706 32.990 98.500 35.770
201709 8.220 98.800 8.886
201712 19.920 99.400 21.403
201803 14.781 99.200 15.913
201806 20.930 99.200 22.534
201809 13.800 99.900 14.753
201812 17.457 99.700 18.700
201903 36.270 99.700 38.853
201906 9.850 99.800 10.541
201909 19.540 100.100 20.848
201912 22.510 100.500 23.921
202003 23.660 100.300 25.193
202006 -1.100 99.900 -1.176
202009 16.940 99.900 18.110
202012 22.890 99.300 24.619
202103 16.780 99.900 17.939
202106 15.250 99.500 16.369
202109 19.550 100.100 20.859
202112 27.940 100.100 29.810
202203 20.590 101.100 21.751
202206 14.450 101.800 15.160
202209 25.670 103.100 26.591
202212 22.690 104.100 23.279
202303 27.230 104.400 27.856
202306 12.660 105.200 12.853
202309 9.704 106.200 9.759
202312 -11.450 106.800 -11.450

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


DVx  (TSE:3079) 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.

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

Shiller PE Ratio=Share Price/E10
=1004.00/83.8
=11.98

* 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 DVx was 23.91. The lowest was 9.37. And the median was 12.65.


Be Aware

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


DVx E10 Related Terms

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


DVx (TSE:3079) Business Description

Traded in Other Exchanges
N/A
Address
Mejiro Nakano Building, 5th Floor, 2-17-22 Takada, Toshima-ku, Tokyo, JPN, 171-0033
DVx Inc is engaged in manufacture, sale, repair, and leasing of medical equipment and related peripheral equipment, research and development of medical equipment, provide in house and out of service consulting services and services for medical and medical devices, and providing medical publication and market research.

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