Ohara (FRA:9IE) E10: €0.22 (As of Apr. 2026)

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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:9IE Ohara Inc FRA:9IE
68 GF Score
Price €8.00
GF Value €6.27
! 6 Warning Signs
View Full Analysis

What is Ohara E10?

Ohara FRA:9IE +1.27% 68 E10 is €0.22 as of Apr. 2026. GuruFocus rates FRA:9IE with a GF Score™ of 68/100 and a GF Value™ of €6.27. The stock has 6 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.

Ohara's adjusted earnings per share data for the three months ended in Apr. 2026 was €0.026. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.22 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Ohara's average E10 Growth Rate was 19.20% per year. During the past 3 years, the average E10 Growth Rate was 161.90% 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 Ohara was 161.90% per year. The lowest was -51.40% per year. And the median was 55.25% per year.

As of today (2026-08-29), Ohara's current stock price is €8.00. Ohara's E10 for the quarter that ended in Apr. 2026 was €0.22. Ohara's Shiller PE Ratio of today is 36.36.

During the past 13 years, the highest Shiller PE Ratio of Ohara was 601.35. The lowest was 25.00. And the median was 72.22.


Ohara  (FRA:9IE) 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.

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

Shiller PE Ratio=Share Price/E10
=8.00/0.22
=36.36

* 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 Ohara was 601.35. The lowest was 25.00. And the median was 72.22.


Be Aware

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


Ohara E10 Related Terms


Ohara E10 Historical Data

* Premium members only.

The historical data trend for Ohara'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.

Ohara E10 Chart

Ohara Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.01 0.17 0.19 0.21

Ohara Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.21 0.20 0.21 0.22 0.22

FRA:9IE vs APH, GLW, TEL: E10 Comparison

For the Electronic Components subindustry, Ohara'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.


Ohara Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Ohara's Shiller PE Ratio distribution charts can be found below:

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


FRA:9IE
68GF Score
Ohara Inc FRA:9IE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ohara 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, Ohara's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.026/113.0000*113.0000
=0.026

Current CPI (Apr. 2026) = 113.0000.

Ohara Quarterly Data

per share eps CPI Adj_EPS
201607 -0.048 97.900 -0.055
201610 0.040 98.600 0.046
201701 0.068 98.200 0.078
201704 0.103 98.500 0.118
201707 0.241 98.300 0.277
201710 0.079 98.800 0.090
201801 0.132 99.500 0.150
201804 0.313 99.100 0.357
201807 0.311 99.200 0.354
201810 0.253 100.200 0.285
201901 -0.116 99.700 -0.131
201904 0.163 100.000 0.184
201907 0.001 99.800 0.001
201910 0.108 100.400 0.122
202001 -0.216 100.500 -0.243
202004 -0.174 100.200 -0.196
202007 -0.136 100.000 -0.154
202010 -0.897 99.800 -1.016
202101 -0.013 99.800 -0.015
202104 0.105 99.100 0.120
202107 0.171 99.700 0.194
202110 0.195 99.900 0.221
202201 0.177 100.300 0.199
202204 0.128 101.500 0.143
202207 0.174 102.300 0.192
202210 0.153 103.700 0.167
202301 0.176 104.700 0.190
202304 0.173 105.100 0.186
202307 0.088 105.700 0.094
202310 0.004 107.100 0.004
202401 0.030 106.900 0.032
202404 0.122 107.700 0.128
202407 0.137 108.600 0.143
202410 0.099 109.500 0.102
202501 0.077 111.200 0.078
202504 0.114 111.500 0.116
202507 0.089 111.900 0.090
202510 0.140 112.800 0.140
202601 0.076 112.900 0.076
202604 0.026 113.000 0.026

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 €0.22 mean?
Ohara (FRA:9IE) has a E10 of €0.22 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ohara and its competitors.
Is Ohara's E10 too high?
Ohara's current E10 is €0.22. Overall, Ohara has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Ohara's E10 compare to APH and GLW?
Ohara's E10 of €0.22 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Ohara and its competitors. Ohara's current E10 is €0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ohara stock overvalued right now?
Ohara (FRA:9IE) has a current E10 of €0.22. The stock's GF Value™ is €6.27, compared to a current price of €8.00 — trading 27.6% above its estimated fair value. The current E10 is €0.22. Ohara's overall GF Score™ is 68/100 with 6 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 Ohara (FRA:9IE), the current E10 is €0.22 as of Apr. 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 Ohara (FRA:9IE) Overvalued in 2026?

Based on GuruFocus' analysis, Ohara stock appears to be overvalued. The current stock price of €8.00 is trading 27.6% above its estimated GF Value™ of €6.27.

Key valuation signals for FRA:9IE:

  • E10: €0.22
  • GF Value™: €6.27 vs. price of €8.00 (27.6% above fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the FRA:9IE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ohara Business Description

Other Exchanges 5218:Japan
Address 1-15-30, Oyama, Chuo-ku, Kanagawa, Sagamihara-Shi, JPN, 252-5286
Ohara Inc is engaged in the manufacturing and sales of optical glass products and electronic products. It operates through the Optical and Electronics divisions. The Optical division manufactures and sells optical glass materials for digital-related products such as digital cameras and liquid crystal (LC) projectors, as well as a lens for mold presses, among others. The Electronics division manufactures and sells glass discs of hard disc drives that are used in mobile devices, high-homogenous glass materials and low-expansion glass-ceramic used in semiconductor manufacturing machinery and others. It derives prime revenue from the Optical business segment.
68GF Score

Get the complete analysis for FRA:9IE

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

€8.00
Price
€6.27
GF Value