Mizuho Financial Group (BUE:MFG) E10: ARS498.97 (As of Mar. 2026)


BUE:MFG Mizuho Financial Group Inc BUE:MFG
56 GF Score
Price ARS16,090.00
GF Value ARS9,016.74
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Mizuho Financial Group E10?

Mizuho Financial Group BUE:MFG 56 E10 is ARS498.97 as of Mar. 2026. GuruFocus rates BUE:MFG with a GF Score™ of 56/100 and a GF Value™ of ARS9,016.74 (Significantly Overvalued). The stock has 5 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.

Mizuho Financial Group's adjusted earnings per share data for the three months ended in Mar. 2026 was ARS1,651.466. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS498.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mizuho Financial Group's average E10 Growth Rate was 9.90% per year. During the past 3 years, the average E10 Growth Rate was 6.10% per year. During the past 5 years, the average E10 Growth Rate was 2.20% per year. During the past 10 years, the average E10 Growth Rate was 8.60% 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 Mizuho Financial Group was 45.30% per year. The lowest was -7.00% per year. And the median was 6.10% per year.

As of today (2026-07-07), Mizuho Financial Group's current stock price is ARS16090.00. Mizuho Financial Group's E10 for the quarter that ended in Mar. 2026 was ARS498.97. Mizuho Financial Group's Shiller PE Ratio of today is 32.25.

During the past 13 years, the highest Shiller PE Ratio of Mizuho Financial Group was 33.88. The lowest was 3.86. And the median was 10.90.


Mizuho Financial Group  (BUE:MFG) 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.

Mizuho Financial Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16090.00/498.97
=32.25

* 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 Mizuho Financial Group was 33.88. The lowest was 3.86. And the median was 10.90.


Be Aware

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


Mizuho Financial Group E10 Related Terms


Mizuho Financial Group E10 Historical Data

* Premium members only.

The historical data trend for Mizuho Financial Group'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.

Mizuho Financial Group E10 Chart

Mizuho Financial Group 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 74.56 133.73 315.25 431.81 498.97

Mizuho Financial Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 431.81 408.01 505.15 513.22 498.97

Mizuho Financial Group E10 Competitor Comparison

For the Banks - Regional subindustry, Mizuho Financial 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.


Mizuho Financial Group Shiller PE Ratio vs Banks Industry

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

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


BUE:MFG
56GF Score
Mizuho Financial Group Inc BUE:MFG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuho Financial Group 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, Mizuho Financial Group's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1651.466/112.7000*112.7000
=1,651.466

Current CPI (Mar. 2026) = 112.7000.

Mizuho Financial Group Quarterly Data

per share eps CPI Adj_EPS
201606 13.854 98.100 15.916
201609 28.519 98.000 32.797
201612 13.420 98.400 15.370
201703 10.622 98.100 12.203
201706 13.855 98.500 15.852
201709 24.709 98.800 28.185
201712 21.202 99.400 24.039
201803 15.086 99.200 17.139
201806 28.732 99.200 32.642
201809 51.343 99.900 57.921
201812 13.442 99.700 15.195
201903 -86.941 99.700 -98.277
201906 52.919 99.800 59.759
201909 51.402 100.100 57.872
201912 50.240 100.500 56.339
202003 20.281 100.300 22.788
202006 61.410 99.900 69.278
202009 51.650 99.900 58.268
202012 85.884 99.300 97.474
202103 76.225 99.900 85.992
202106 170.021 99.500 192.577
202109 94.637 100.100 106.549
202112 65.101 100.100 73.296
202203 37.035 101.100 41.284
202206 112.909 101.800 124.998
202209 133.670 103.100 146.116
202212 205.259 104.100 222.216
202303 14.277 104.400 15.412
202306 328.493 105.200 351.912
202309 318.504 106.200 337.998
202312 448.199 106.800 472.959
202403 162.743 107.200 171.093
202406 1,294.975 108.200 1,348.833
202409 1,452.273 108.900 1,502.949
202412 1,500.938 110.700 1,528.055
202503 179.654 111.100 182.241
202506 1,904.720 111.700 1,921.772
202509 2,944.476 112.000 2,962.879
202512 2,476.510 113.000 2,469.935
202603 1,651.466 112.700 1,651.466

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 ARS498.97 mean?
Mizuho Financial Group (BUE:MFG) has a E10 of ARS498.97 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mizuho Financial Group and its competitors.
Is Mizuho Financial Group's E10 too high?
Mizuho Financial Group's current E10 is ARS498.97. Overall, Mizuho Financial Group has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuho Financial Group's E10 compare to competitors?
Mizuho Financial Group's E10 of ARS498.97 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Mizuho Financial Group and its competitors. Mizuho Financial Group's current E10 is ARS498.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuho Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Mizuho Financial Group (BUE:MFG) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS9,016.74, compared to a current price of ARS16,090.00 — trading 78.4% above its estimated fair value. The current E10 is ARS498.97. Mizuho Financial Group's overall GF Score™ is 56/100 with 5 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 Mizuho Financial Group (BUE:MFG), the current E10 is ARS498.97 as of Mar. 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 Mizuho Financial Group (BUE:MFG) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuho Financial Group stock appears to be overvalued. The current stock price of ARS16,090.00 is trading 78.4% above its estimated GF Value™ of ARS9,016.74. GuruFocus considers Mizuho Financial Group to be Significantly Overvalued.

Key valuation signals for BUE:MFG:

  • E10: ARS498.97
  • GF Value™: ARS9,016.74 vs. price of ARS16,090.00 (78.4% above fair value)
  • GF Score™: 56/100 with 5 warning signs

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


Mizuho Financial Group Business Description

Address 1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
56GF Score

Get the complete analysis for BUE:MFG

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

ARS16,090.00
Price
ARS9,016.74
GF Value