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Keio (TSE:9008) E10 : 円124.28 (As of Dec. 2023)


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What is Keio 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.

Keio's adjusted earnings per share data for the three months ended in Dec. 2023 was 円66.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円124.28 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Keio's average E10 Growth Rate was -100.00% 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 Keio was -3.50% per year. The lowest was -23.20% per year. And the median was -8.40% per year.

As of today (2024-06-06), Keio's current stock price is 円3717.00. Keio's E10 for the quarter that ended in Dec. 2023 was 円124.28. Keio's Shiller PE Ratio of today is 29.91.

During the past 13 years, the highest Shiller PE Ratio of Keio was 68.77. The lowest was 12.97. And the median was 41.05.


Keio E10 Historical Data

The historical data trend for Keio'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.

Keio E10 Chart

Keio Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.99 119.86 115.01 116.22 -

Keio 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 116.22 118.69 122.45 124.28 -

Competitive Comparison of Keio's E10

For the Conglomerates subindustry, Keio'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.


Keio's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Keio's Shiller PE Ratio distribution charts can be found below:

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



Keio 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, Keio'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)
=66.72/106.8000*106.8000
=66.720

Current CPI (Dec. 2023) = 106.8000.

Keio Quarterly Data

per share eps CPI Adj_EPS
201403 -5.805 95.700 -6.478
201406 49.300 98.000 53.727
201409 47.500 98.500 51.503
201412 48.300 97.900 52.691
201503 -3.900 97.900 -4.255
201506 60.750 98.400 65.936
201509 54.381 98.500 58.963
201512 58.000 98.100 63.144
201603 -13.741 97.900 -14.990
201606 64.250 98.100 69.948
201609 54.430 98.000 59.318
201612 54.105 98.400 58.724
201703 0.560 98.100 0.610
201706 63.930 98.500 69.317
201709 56.031 98.800 60.568
201712 59.487 99.400 63.916
201803 16.248 99.200 17.493
201806 66.600 99.200 71.702
201809 57.262 99.900 61.217
201812 67.010 99.700 71.782
201903 31.989 99.700 34.267
201906 68.150 99.800 72.930
201909 62.190 100.100 66.353
201912 69.089 100.500 73.420
202003 -53.038 100.300 -56.475
202006 -87.840 99.900 -93.907
202009 -22.850 99.900 -24.428
202012 2.948 99.300 3.171
202103 -117.642 99.900 -125.767
202106 -12.270 99.500 -13.170
202109 3.500 100.100 3.734
202112 33.432 100.100 35.670
202203 21.070 101.100 22.258
202206 14.150 101.800 14.845
202209 20.639 103.100 21.380
202212 69.410 104.100 71.210
202303 3.200 104.400 3.274
202306 72.280 105.200 73.379
202309 68.700 106.200 69.088
202312 66.720 106.800 66.720

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


Keio  (TSE:9008) 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.

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

Shiller PE Ratio=Share Price/E10
=3717.00/124.28
=29.91

* 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 Keio was 68.77. The lowest was 12.97. And the median was 41.05.


Be Aware

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


Keio E10 Related Terms

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


Keio (TSE:9008) Business Description

Traded in Other Exchanges
N/A
Address
1-9-1 Sekido, Tama-shi, Tokyo, JPN, 206-8502
Keio Corp. is passenger transportation, retail, and real estate company, domiciled in Japan. The company organizes itself into five segments: transportation, merchandise sales, real estate, leisure, and other businesses. Merchandise sales, which contributes the largest portion of revenue, operates department stores, retail stores, and shopping centers. Transportation, the next most significant segment, transports passengers principally by rail, and by bus and taxi. The real estate segment leases, develops and sells real estate. The leisure segment operates hotels, travel services, and provides advertising services. Other includes construction and maintenance income.

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