Roland (FRA:6Y8) E10: €0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

FRA:6Y8 Roland Corp FRA:6Y8
65 GF Score
Price €23.45
GF Value €22.19
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Roland E10?

Roland FRA:6Y8 +4.45% 65 E10 is €0.00 as of Mar. 2026. GuruFocus rates FRA:6Y8 with a GF Score™ of 65/100 and a GF Value™ of €22.19 (Fairly Valued). The stock has 4 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Roland's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.295. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Roland's average E10 Growth Rate was 11.10% 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.

As of today (2026-08-04), Roland's current stock price is €23.45. Roland's E10 for the quarter that ended in Mar. 2026 was €0.00. Roland's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Roland was 62.11. The lowest was 22.65. And the median was 33.28.


Roland  (FRA:6Y8) 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 Roland was 62.11. The lowest was 22.65. And the median was 33.28.


Be Aware

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


Roland E10 Related Terms


Roland E10 Historical Data

* Premium members only.

The historical data trend for Roland'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.

Roland E10 Chart

Roland Annual Data
Trend Mar12 Mar13 Mar14 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Roland 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 0.00 0.00 0.00 0.00 0.00

FRA:6Y8 vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Roland'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.


Roland Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Roland's Shiller PE Ratio distribution charts can be found below:

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


FRA:6Y8
65GF Score
Roland Corp FRA:6Y8
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Roland 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, Roland'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)
=0.295/330.2130*330.2130
=0.295

Current CPI (Mar. 2026) = 330.2130.

Roland Quarterly Data

per share eps CPI Adj_EPS
201103 0.049 223.467 0.072
201106 0.280 225.722 0.410
201109 -0.103 226.889 -0.150
201112 -0.100 225.672 -0.146
201203 -0.848 229.392 -1.221
201206 0.015 229.478 0.022
201209 -0.108 231.407 -0.154
201212 -0.952 229.601 -1.369
201303 -0.463 232.773 -0.657
201306 0.074 233.504 0.105
201309 0.183 234.149 0.258
201312 0.233 233.049 0.330
201403 -0.348 236.293 -0.486
201406 0.488 238.343 0.676
201912 0.000 256.974 0.000
202003 0.205 258.115 0.262
202006 0.306 257.797 0.392
202009 0.494 260.280 0.627
202012 0.283 260.474 0.359
202103 0.944 264.877 1.177
202106 0.741 271.696 0.901
202109 0.430 274.310 0.518
202112 0.234 278.802 0.277
202203 0.523 287.504 0.601
202206 0.512 296.311 0.571
202209 0.294 296.808 0.327
202212 0.976 296.797 1.086
202303 0.356 301.836 0.389
202306 0.421 305.109 0.456
202309 0.587 307.789 0.630
202312 0.549 306.746 0.591
202403 0.217 312.332 0.229
202406 0.574 314.175 0.603
202409 0.134 315.301 0.140
202412 0.376 315.605 0.393
202503 0.418 319.799 0.432
202506 0.472 322.561 0.483
202509 0.334 324.800 0.340
202512 -0.671 324.054 -0.684
202603 0.295 330.213 0.295

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 €0.00 mean?
Roland (FRA:6Y8) has a E10 of €0.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Roland and its competitors.
Is Roland's E10 too high?
Roland's current E10 is €0.00. Overall, Roland has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Roland's E10 compare to AS and HAS?
Roland's E10 of €0.00 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Roland and its competitors. Roland's current E10 is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roland stock overvalued right now?
Based on GuruFocus' analysis, Roland (FRA:6Y8) is currently considered Fairly Valued. The stock's GF Value™ is €22.19, compared to a current price of €23.45 — trading 5.7% above its estimated fair value. The current E10 is €0.00. Roland's overall GF Score™ is 65/100 with 4 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 Roland (FRA:6Y8), the current E10 is €0.00 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 Roland (FRA:6Y8) Overvalued in 2026?

Based on GuruFocus' analysis, Roland stock appears to be overvalued. The current stock price of €23.45 is trading 5.7% above its estimated GF Value™ of €22.19. GuruFocus considers Roland to be Fairly Valued.

Key valuation signals for FRA:6Y8:

  • E10: €0.00
  • GF Value™: €22.19 vs. price of €23.45 (5.7% above fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the FRA:6Y8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Roland Business Description

Other Exchanges 7944:Japan
Address 1-6-4 Shintoda, Hamana-ku, Shizuoka Prefecture, Hamamatsu, JPN, 431-2103
Roland Corporation is engaged in the development, manufacturing, and sales of electronic musical instruments, electronic equipment, and their software. The company's offerings include pianos, synthesizers, keyboards, guitars and Bass, Drums and Percussion, and Wind Instruments.
65GF Score

Get the complete analysis for FRA:6Y8

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

€23.45
Price
€22.19
GF Value