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Daiwa Securities Group (STU:DSE) Shiller PE Ratio : 16.59 (As of May. 11, 2024)


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What is Daiwa Securities Group Shiller PE Ratio?

As of today (2024-05-11), Daiwa Securities Group's current share price is €6.80. Daiwa Securities Group's E10 for the quarter that ended in Dec. 2023 was €0.41. Daiwa Securities Group's Shiller PE Ratio for today is 16.59.

The historical rank and industry rank for Daiwa Securities Group's Shiller PE Ratio or its related term are showing as below:

STU:DSE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.45   Med: 9.35   Max: 18.22
Current: 17.27

During the past years, Daiwa Securities Group's highest Shiller PE Ratio was 18.22. The lowest was 5.45. And the median was 9.35.

STU:DSE's Shiller PE Ratio is ranked better than
55.11% of 470 companies
in the Capital Markets industry
Industry Median: 20.025 vs STU:DSE: 17.27

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Daiwa Securities Group's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.125. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa Securities Group Shiller PE Ratio Historical Data

The historical data trend for Daiwa Securities Group's Shiller PE Ratio 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.

Daiwa Securities Group Shiller PE Ratio Chart

Daiwa Securities Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 9.51 10.57 9.23 -

Daiwa Securities Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 9.23 11.27 13.07 14.47 -

Competitive Comparison of Daiwa Securities Group's Shiller PE Ratio

For the Capital Markets subindustry, Daiwa Securities Group'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.


Daiwa Securities Group's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Daiwa Securities Group's Shiller PE Ratio falls into.



Daiwa Securities Group Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Daiwa Securities Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=6.80/0.41
=16.59

* 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.

Daiwa Securities Group's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Daiwa Securities Group'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)
=0.125/106.8000*106.8000
=0.125

Current CPI (Dec. 2023) = 106.8000.

Daiwa Securities Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.136 95.700 0.152
201406 0.144 98.000 0.157
201409 0.156 98.500 0.169
201412 0.153 97.900 0.167
201503 0.172 97.900 0.188
201506 0.187 98.400 0.203
201509 0.104 98.500 0.113
201512 0.115 98.100 0.125
201603 0.099 97.900 0.108
201606 0.122 98.100 0.133
201609 0.157 98.000 0.171
201612 0.128 98.400 0.139
201703 0.109 98.100 0.119
201706 0.093 98.500 0.101
201709 0.144 98.800 0.156
201712 0.102 99.400 0.110
201803 0.170 99.200 0.183
201806 0.089 99.200 0.096
201809 0.084 99.900 0.090
201812 0.069 99.700 0.074
201903 0.068 99.700 0.073
201906 0.084 99.800 0.090
201909 0.093 100.100 0.099
201912 0.085 100.500 0.090
202003 0.062 100.300 0.066
202006 0.095 99.900 0.102
202009 0.080 99.900 0.086
202012 0.129 99.300 0.139
202103 0.256 99.900 0.274
202106 0.116 99.500 0.125
202109 0.134 100.100 0.143
202112 0.139 100.100 0.148
202203 0.093 101.100 0.098
202206 0.056 101.800 0.059
202209 0.093 103.100 0.096
202212 0.073 104.100 0.075
202303 0.082 104.400 0.084
202306 0.106 105.200 0.108
202309 0.129 106.200 0.130
202312 0.125 106.800 0.125

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


Daiwa Securities Group  (STU:DSE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Daiwa Securities Group Shiller PE Ratio Related Terms

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Daiwa Securities Group (STU:DSE) Business Description

Traded in Other Exchanges
Address
GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751
Together with industry leader Nomura, Daiwa Securities is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the major U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its global wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.