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Ehime Bank (TSE:8541) E10 : 円144.91 (As of Dec. 2023)


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What is Ehime Bank 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.

Ehime Bank's adjusted earnings per share data for the three months ended in Dec. 2023 was 円35.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円144.91 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ehime Bank's average E10 Growth Rate was 1.70% per year. During the past 3 years, the average E10 Growth Rate was 3.80% 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 Ehime Bank was 3.80% per year. The lowest was 3.20% per year. And the median was 3.50% per year.

As of today (2024-06-10), Ehime Bank's current stock price is 円1269.00. Ehime Bank's E10 for the quarter that ended in Dec. 2023 was 円144.91. Ehime Bank's Shiller PE Ratio of today is 8.76.

During the past 13 years, the highest Shiller PE Ratio of Ehime Bank was 25.75. The lowest was 5.51. And the median was 7.74.


Ehime Bank E10 Historical Data

The historical data trend for Ehime Bank'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.

Ehime Bank E10 Chart

Ehime Bank 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 124.41 128.15 132.26 136.79 143.36

Ehime Bank 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 142.42 143.36 144.10 144.34 144.91

Competitive Comparison of Ehime Bank's E10

For the Banks - Regional subindustry, Ehime Bank'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.


Ehime Bank's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ehime Bank's Shiller PE Ratio distribution charts can be found below:

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



Ehime Bank 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, Ehime Bank'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)
=35.55/106.8000*106.8000
=35.550

Current CPI (Dec. 2023) = 106.8000.

Ehime Bank Quarterly Data

per share eps CPI Adj_EPS
201403 19.000 95.700 21.204
201406 39.000 98.000 42.502
201409 34.450 98.500 37.353
201412 52.650 97.900 57.436
201503 14.150 97.900 15.436
201506 40.050 98.400 43.469
201509 35.230 98.500 38.199
201512 47.840 98.100 52.083
201603 14.910 97.900 16.265
201606 35.020 98.100 38.126
201609 36.100 98.000 39.342
201612 42.750 98.400 46.399
201703 15.470 98.100 16.842
201706 33.470 98.500 36.290
201709 47.530 98.800 51.379
201712 41.810 99.400 44.923
201803 22.280 99.200 23.987
201806 28.160 99.200 30.317
201809 42.370 99.900 45.296
201812 38.020 99.700 40.728
201903 23.910 99.700 25.613
201906 29.710 99.800 31.794
201909 42.660 100.100 45.515
201912 19.790 100.500 21.031
202003 42.850 100.300 45.627
202006 25.750 99.900 27.529
202009 36.110 99.900 38.604
202012 37.570 99.300 40.408
202103 32.560 99.900 34.809
202106 41.100 99.500 44.115
202109 43.510 100.100 46.422
202112 40.420 100.100 43.125
202203 22.908 101.100 24.200
202206 58.050 101.800 60.901
202209 38.560 103.100 39.944
202212 25.330 104.100 25.987
202303 16.019 104.400 16.387
202306 33.270 105.200 33.776
202309 30.005 106.200 30.175
202312 35.550 106.800 35.550

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


Ehime Bank  (TSE:8541) 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.

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

Shiller PE Ratio=Share Price/E10
=1269.00/144.91
=8.76

* 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 Ehime Bank was 25.75. The lowest was 5.51. And the median was 7.74.


Be Aware

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


Ehime Bank E10 Related Terms

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


Ehime Bank (TSE:8541) Business Description

Traded in Other Exchanges
N/A
Address
2-1, Katsuyama-cho, Matsuyama, Ehime, JPN, 790-8580
Ehime BankLtd. is engaged in the provision of banking products and financial services in Japan. The bank offers deposits such as time, savings and property, savings and current accounts, and loans. In addition, it offers various insurance services including term and life, property, corporate business and medical insurance. The bank also renders services comprising of mutual fund, government bond, and other financial product brokerage business.

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