ASICS (FRA:ASI) E10: €0.20 (As of Mar. 2026)


FRA:ASI ASICS Corp FRA:ASI
88 GF Score
Price €22.80
GF Value €22.38
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What is ASICS E10?

ASICS FRA:ASI +0.88% 88 E10 is €0.20 as of Mar. 2026. GuruFocus rates FRA:ASI with a GF Score™ of 88/100 and a GF Value™ of €22.38.

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.

ASICS's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.358. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ASICS's average E10 Growth Rate was 65.20% per year. During the past 3 years, the average E10 Growth Rate was 45.70% per year. During the past 5 years, the average E10 Growth Rate was 26.70% 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 ASICS was 45.70% per year. The lowest was -18.20% per year. And the median was 0.75% per year.

As of today (2026-06-25), ASICS's current stock price is €22.80. ASICS's E10 for the quarter that ended in Mar. 2026 was €0.20. ASICS's Shiller PE Ratio of today is 114.00.

During the past 13 years, the highest Shiller PE Ratio of ASICS was 184.01. The lowest was 13.14. And the median was 57.95.


ASICS  (FRA:ASI) 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.

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

Shiller PE Ratio=Share Price/E10
=22.80/0.20
=114.00

* 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 ASICS was 184.01. The lowest was 13.14. And the median was 57.95.


Be Aware

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


ASICS E10 Related Terms


ASICS E10 Historical Data

* Premium members only.

The historical data trend for ASICS'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.

ASICS E10 Chart

ASICS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.07 0.08 0.12 0.18

ASICS 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 0.14 0.15 0.15 0.18 0.20

FRA:ASI vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, ASICS'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.


ASICS Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Shiller PE Ratio distribution charts can be found below:

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


FRA:ASI
88GF Score
ASICS Corp FRA:ASI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASICS 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, ASICS'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)
=0.358/112.7000*112.7000
=0.358

Current CPI (Mar. 2026) = 112.7000.

ASICS Quarterly Data

per share eps CPI Adj_EPS
201606 0.026 98.100 0.030
201609 0.074 98.000 0.085
201612 -0.034 98.400 -0.039
201703 0.096 98.100 0.110
201706 0.023 98.500 0.026
201709 0.039 98.800 0.044
201712 -0.028 99.400 -0.032
201803 0.051 99.200 0.058
201806 -0.019 99.200 -0.022
201809 0.046 99.900 0.052
201812 -0.297 99.700 -0.336
201903 0.044 99.700 0.050
201906 0.012 99.800 0.014
201909 0.016 100.100 0.018
201912 0.002 100.500 0.002
202003 -0.003 100.300 -0.003
202006 -0.068 99.900 -0.077
202009 0.031 99.900 0.035
202012 -0.138 99.300 -0.157
202103 0.111 99.900 0.125
202106 0.019 99.500 0.022
202109 0.071 100.100 0.080
202112 -0.103 100.100 -0.116
202203 0.091 101.100 0.101
202206 0.047 101.800 0.052
202209 0.093 103.100 0.102
202212 -0.032 104.100 -0.035
202303 0.155 104.400 0.167
202306 0.076 105.200 0.081
202309 0.134 106.200 0.142
202312 -0.044 106.800 -0.046
202403 0.225 107.200 0.237
202406 0.126 108.200 0.131
202409 0.199 108.900 0.206
202412 -0.009 110.700 -0.009
202503 0.274 111.100 0.278
202506 0.184 111.700 0.186
202509 0.084 112.000 0.085
202512 0.265 113.000 0.264
202603 0.358 112.700 0.358

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 €0.20 mean?
ASICS (FRA:ASI) has a E10 of €0.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASICS and its competitors.
Is ASICS's E10 too high?
ASICS's current E10 is €0.20. Overall, ASICS has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does ASICS's E10 compare to NKE and DECK?
ASICS's E10 of €0.20 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 ASICS and its competitors. ASICS's current E10 is €0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
ASICS (FRA:ASI) has a current E10 of €0.20. The stock's GF Value™ is €22.38, compared to a current price of €22.80 — trading 1.9% above its estimated fair value. The current E10 is €0.20. ASICS's overall GF Score™ is 88/100. 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 ASICS (FRA:ASI), the current E10 is €0.20 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 ASICS (FRA:ASI) Overvalued in 2026?

Based on GuruFocus' analysis, ASICS stock appears to be overvalued. The current stock price of €22.80 is trading 1.9% above its estimated GF Value™ of €22.38.

Key valuation signals for FRA:ASI:

  • E10: €0.20
  • GF Value™: €22.38 vs. price of €22.80 (1.9% above fair value)
  • GF Score™: 88/100

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


ASICS Business Description

Address 1-2-4 Sannomiyacho, Yamato Kobe Building, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 650-0021
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
88GF Score

Get the complete analysis for FRA:ASI

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

€22.80
Price
€22.38
GF Value