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JSS (TSE:6074) E10 : 円49.34 (As of Dec. 2023)


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What is JSS 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.

JSS's adjusted earnings per share data for the three months ended in Dec. 2023 was 円20.490. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円49.34 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JSS's average E10 Growth Rate was -0.40% 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.

As of today (2024-06-07), JSS's current stock price is 円556.00. JSS's E10 for the quarter that ended in Dec. 2023 was 円49.34. JSS's Shiller PE Ratio of today is 11.27.

During the past 12 years, the highest Shiller PE Ratio of JSS was 13.15. The lowest was 8.00. And the median was 10.58.


JSS E10 Historical Data

The historical data trend for JSS'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.

JSS E10 Chart

JSS 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 - - - - 44.87

JSS 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 49.56 44.87 47.99 48.90 49.34

Competitive Comparison of JSS's E10

For the Leisure subindustry, JSS'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.


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

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

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



JSS 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, JSS'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)
=20.49/106.8000*106.8000
=20.490

Current CPI (Dec. 2023) = 106.8000.

JSS Quarterly Data

per share eps CPI Adj_EPS
201403 12.186 95.700 13.599
201406 -3.915 98.000 -4.267
201409 20.290 98.500 22.000
201412 15.225 97.900 16.609
201503 8.760 97.900 9.556
201506 -0.065 98.400 -0.071
201509 35.909 98.500 38.935
201512 24.770 98.100 26.967
201603 10.295 97.900 11.231
201606 4.400 98.100 4.790
201609 27.237 98.000 29.683
201612 32.208 98.400 34.957
201703 20.963 98.100 22.822
201706 9.580 98.500 10.387
201709 35.738 98.800 38.632
201712 25.560 99.400 27.463
201803 19.216 99.200 20.688
201806 -1.080 99.200 -1.163
201809 39.997 99.900 42.760
201812 23.730 99.700 25.420
201903 16.470 99.700 17.643
201906 1.980 99.800 2.119
201909 41.440 100.100 44.214
201912 24.690 100.500 26.238
202003 -20.417 100.300 -21.740
202006 -121.730 99.900 -130.138
202009 38.548 99.900 41.210
202012 28.049 99.300 30.168
202103 -58.800 99.900 -62.861
202106 -1.710 99.500 -1.835
202109 21.427 100.100 22.861
202112 22.824 100.100 24.352
202203 -13.473 101.100 -14.233
202206 11.830 101.800 12.411
202209 25.764 103.100 26.689
202212 34.779 104.100 35.681
202303 -11.640 104.400 -11.908
202306 13.510 105.200 13.715
202309 27.210 106.200 27.364
202312 20.490 106.800 20.490

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


JSS  (TSE:6074) 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.

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

Shiller PE Ratio=Share Price/E10
=556.00/49.34
=11.27

* 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 12 years, the highest Shiller P/E Ratio of JSS was 13.15. The lowest was 8.00. And the median was 10.58.


Be Aware

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


JSS E10 Related Terms

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


JSS (TSE:6074) Business Description

Traded in Other Exchanges
N/A
Address
Kaneda Tosabori Building, 9th Floor, Osaka-shi Nishi-ku, Tosabori 1 - chome 4 - 11, Tokyo, JPN, 550-0001
JSS CORP is engaged in the operation of swimming schools. It operates a swimming school, tennis school, and fitness club. The company also sells sporting goods. Geographically the activities are carried out through Japan.

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