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Kubota (TSE:6326) E10 : 円140.90 (As of Mar. 2024)


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What is Kubota 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.

Kubota's adjusted earnings per share data for the three months ended in Mar. 2024 was 円62.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円140.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kubota's average E10 Growth Rate was 9.60% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 9.40% per year. During the past 10 years, the average E10 Growth Rate was 10.30% 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 Kubota was 35.90% per year. The lowest was -5.60% per year. And the median was 10.00% per year.

As of today (2024-05-22), Kubota's current stock price is 円2356.00. Kubota's E10 for the quarter that ended in Mar. 2024 was 円140.90. Kubota's Shiller PE Ratio of today is 16.72.

During the past 13 years, the highest Shiller PE Ratio of Kubota was 32.69. The lowest was 12.38. And the median was 21.83.


Kubota E10 Historical Data

The historical data trend for Kubota'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.

Kubota E10 Chart

Kubota Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.27 102.08 113.01 124.96 137.36

Kubota 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 128.52 131.82 134.37 137.36 140.90

Competitive Comparison of Kubota's E10

For the Farm & Heavy Construction Machinery subindustry, Kubota'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.


Kubota's Shiller PE Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kubota's Shiller PE Ratio distribution charts can be found below:

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



Kubota 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, Kubota's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=62.06/107.2000*107.2000
=62.060

Current CPI (Mar. 2024) = 107.2000.

Kubota Quarterly Data

per share eps CPI Adj_EPS
201406 26.750 98.000 29.261
201409 52.880 98.500 57.551
201412 28.250 97.900 30.934
201503 30.550 97.900 33.452
201506 31.540 98.400 34.361
201509 26.900 98.500 29.276
201512 30.030 98.100 32.816
201603 29.210 97.900 31.985
201606 20.880 98.100 22.817
201609 24.740 98.000 27.063
201612 31.750 98.400 34.589
201703 23.730 98.100 25.931
201706 34.620 98.500 37.678
201709 29.920 98.800 32.464
201712 21.209 99.400 22.873
201803 24.510 99.200 26.487
201806 34.120 99.200 36.872
201809 27.590 99.900 29.606
201812 26.519 99.700 28.514
201903 30.260 99.700 32.536
201906 35.700 99.800 38.347
201909 33.760 100.100 36.155
201912 21.816 100.500 23.270
202003 17.100 100.300 18.276
202006 31.870 99.900 34.199
202009 30.460 99.900 32.686
202012 26.531 99.300 28.642
202103 43.800 99.900 47.001
202106 42.140 99.500 45.401
202109 36.160 100.100 38.725
202112 23.420 100.100 25.081
202203 42.150 101.100 44.693
202206 34.220 101.800 36.035
202209 35.450 103.100 36.860
202212 19.129 104.100 19.699
202303 58.110 104.400 59.669
202306 50.430 105.200 51.389
202309 45.420 106.200 45.848
202312 47.720 106.800 47.899
202403 62.060 107.200 62.060

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


Kubota  (TSE:6326) 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.

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

Shiller PE Ratio=Share Price/E10
=2356.00/140.9
=16.72

* 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 Kubota was 32.69. The lowest was 12.38. And the median was 21.83.


Be Aware

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


Kubota E10 Related Terms

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


Kubota (TSE:6326) Business Description

Traded in Other Exchanges
Address
2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, JPN, 556-8601
Kubota manufactures and sells small and midsize agricultural and construction equipment as well as water treatment equipment. Its key products in the farm and industrial machinery segment include compact/utility tractors, mini excavators, compact track loaders, engines, and rice farming equipment, such as combine harvesters as well as rice transplanters. The company has produced over 5.4 million units of tractors worldwide and over 30 million units of engines. Its water and environment segment provides mainly pipe system products like ductile iron pipes and valves, water/waste treatment plants, pumps, as well as operation and maintenance services, including public-private partnership projects. The company is based in Osaka, Japan, and was founded in 1890.

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