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Tadano (TSE:6395) E10 : 円76.87 (As of Mar. 2024)


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What is Tadano 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.

Tadano's adjusted earnings per share data for the three months ended in Mar. 2024 was 円15.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円76.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tadano's average E10 Growth Rate was -4.40% per year. During the past 3 years, the average E10 Growth Rate was 4.40% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Tadano was 4.40% per year. The lowest was -0.70% per year. And the median was 1.85% per year.

As of today (2024-06-06), Tadano's current stock price is 円1093.50. Tadano's E10 for the quarter that ended in Mar. 2024 was 円76.87. Tadano's Shiller PE Ratio of today is 14.23.

During the past 13 years, the highest Shiller PE Ratio of Tadano was 27.32. The lowest was 8.87. And the median was 14.11.


Tadano E10 Historical Data

The historical data trend for Tadano'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.

Tadano E10 Chart

Tadano Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.55 71.71 77.98 72.97 81.68

Tadano 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 80.39 79.42 78.53 78.53 76.87

Competitive Comparison of Tadano's E10

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


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

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

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



Tadano 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, Tadano'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)
=15.87/107.2000*107.2000
=15.870

Current CPI (Mar. 2024) = 107.2000.

Tadano Quarterly Data

per share eps CPI Adj_EPS
201406 29.190 98.000 31.930
201409 42.770 98.500 46.548
201412 42.850 97.900 46.921
201503 38.977 97.900 42.680
201506 37.440 98.400 40.788
201509 47.235 98.500 51.407
201512 35.350 98.100 38.629
201603 34.899 97.900 38.214
201606 31.600 98.100 34.531
201609 23.470 98.000 25.673
201612 24.000 98.400 26.146
201703 14.759 98.100 16.128
201706 15.690 98.500 17.076
201709 31.450 98.800 34.124
201712 8.529 99.400 9.198
201803 18.490 99.200 19.981
201806 14.210 99.200 15.356
201809 18.020 99.900 19.337
201812 6.989 99.700 7.515
201903 51.299 99.700 55.158
201906 5.050 99.800 5.424
201909 36.547 100.100 39.139
201912 4.070 100.500 4.341
202003 5.130 100.300 5.483
202006 -8.090 99.900 -8.681
202009 -12.177 99.900 -13.067
202012 -40.291 99.300 -43.496
202103 -41.990 99.900 -45.058
202106 84.070 99.500 90.576
202109 5.790 100.100 6.201
202112 -0.710 100.100 -0.760
202203 14.180 101.100 15.036
202206 14.860 101.800 15.648
202209 0.740 103.100 0.769
202212 1.830 104.100 1.884
202303 6.680 104.400 6.859
202306 18.940 105.200 19.300
202309 13.300 106.200 13.425
202312 22.340 106.800 22.424
202403 15.870 107.200 15.870

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


Tadano  (TSE:6395) 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.

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

Shiller PE Ratio=Share Price/E10
=1093.50/76.87
=14.23

* 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 Tadano was 27.32. The lowest was 8.87. And the median was 14.11.


Be Aware

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


Tadano E10 Related Terms

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


Tadano (TSE:6395) Business Description

Traded in Other Exchanges
Address
34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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