Tokyo Finance (BOM:531644) E10: ₹-0.07 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:531644 Tokyo Finance Ltd BOM:531644
62 GF Score
Price ₹18.78
GF Value ₹24.86
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Tokyo Finance E10?

Tokyo Finance BOM:531644 +4.33% 62 E10 is ₹-0.07 as of Jun. 2026. GuruFocus rates BOM:531644 with a GF Score™ of 62/100 and a GF Value™ of ₹24.86 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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.

Tokyo Finance's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.07 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 31.70% 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 Tokyo Finance was 50.70% per year. The lowest was 31.70% per year. And the median was 41.20% per year.

As of today (2026-08-21), Tokyo Finance's current stock price is ₹18.78. Tokyo Finance's E10 for the quarter that ended in Jun. 2026 was ₹-0.07. Tokyo Finance's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Tokyo Finance was 2465.00. The lowest was 22.84. And the median was 394.92.


Tokyo Finance  (BOM:531644) 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.

During the past 13 years, the highest Shiller P/E Ratio of Tokyo Finance was 2465.00. The lowest was 22.84. And the median was 394.92.


Be Aware

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


Tokyo Finance E10 Related Terms


Tokyo Finance E10 Historical Data

* Premium members only.

The historical data trend for Tokyo Finance'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.

Tokyo Finance E10 Chart

Tokyo Finance Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.22 0.03 -0.03 -0.07

Tokyo Finance Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.04 -0.05 -0.06 -0.07 -0.07

BOM:531644 vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Tokyo Finance'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.


Tokyo Finance Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Tokyo Finance's Shiller PE Ratio distribution charts can be found below:

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


BOM:531644
62GF Score
Tokyo Finance Ltd BOM:531644
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Finance 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, Tokyo Finance's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.08/167.3573*167.3573
=0.080

Current CPI (Jun. 2026) = 167.3573.

Tokyo Finance Quarterly Data

per share eps CPI Adj_EPS
201609 0.080 105.961 0.126
201612 -1.500 105.196 -2.386
201703 0.420 105.196 0.668
201706 0.130 107.109 0.203
201709 -0.220 109.021 -0.338
201712 0.160 109.404 0.245
201803 -0.080 109.786 -0.122
201806 0.210 111.317 0.316
201809 0.060 115.142 0.087
201812 0.260 115.142 0.378
201903 1.124 118.202 1.591
201906 0.002 120.880 0.003
201909 0.200 123.175 0.272
201912 -0.090 126.235 -0.119
202003 0.570 124.705 0.765
202006 -0.030 127.000 -0.040
202009 -0.120 130.118 -0.154
202012 -4.711 130.889 -6.024
202103 0.342 131.771 0.434
202106 -0.050 134.084 -0.062
202109 0.040 135.847 0.049
202112 0.090 138.161 0.109
202203 -0.037 138.822 -0.045
202206 0.040 142.347 0.047
202209 0.080 144.661 0.093
202212 0.060 145.763 0.069
202303 -0.010 146.865 -0.011
202306 1.270 150.280 1.414
202309 0.110 151.492 0.122
202312 0.070 152.924 0.077
202403 0.330 153.035 0.361
202406 0.120 155.789 0.129
202409 0.150 157.882 0.159
202412 0.130 158.323 0.137
202503 0.340 157.552 0.361
202506 0.050 159.755 0.052
202509 0.040 162.289 0.041
202512 0.060 163.281 0.061
202603 0.120 164.272 0.122
202606 0.080 167.357 0.080

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹-0.07 mean?
Tokyo Finance (BOM:531644) has a E10 of ₹-0.07 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokyo Finance and its competitors.
Is Tokyo Finance's E10 too high?
Tokyo Finance's current E10 is ₹-0.07. Overall, Tokyo Finance has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Finance's E10 compare to V and MA?
Tokyo Finance's E10 of ₹-0.07 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Credit Services company?
A good E10 depends on the Credit Services industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokyo Finance and its competitors. Tokyo Finance's current E10 is ₹-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Finance stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Finance (BOM:531644) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹24.86, compared to a current price of ₹18.78 — trading 24.5% below its estimated fair value. The current E10 is ₹-0.07. Tokyo Finance's overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Tokyo Finance (BOM:531644), the current E10 is ₹-0.07 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokyo Finance (BOM:531644) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Finance stock appears to be undervalued. The current stock price of ₹18.78 is trading 24.5% below its estimated GF Value™ of ₹24.86. GuruFocus considers Tokyo Finance to be Modestly Undervalued.

Key valuation signals for BOM:531644:

  • E10: ₹-0.07
  • GF Value™: ₹24.86 vs. price of ₹18.78 (24.5% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the BOM:531644 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Finance Business Description

Address Paranjpe B Scheme Road no.1, 401-A, Gala Quest, near Shirodkar Hospital, Vile Parle (East), Mumbai, MH, IND, 400 057
Tokyo Finance Ltd is engaged in the business of Non-Banking Finance Company. The company is a Non-Deposit taking, Non-Systemically Important (ND-NSI) registered with Reserve Bank of India (RBI). The company has finance as its only primary reportable segment. It generates revenue from Interest Income, Dividend, Income from financial instruments at FVTPL, Net gain or fair value change, and Other operational revenue.
62GF Score

Get the complete analysis for BOM:531644

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹18.78
Price
₹24.86
GF Value