Citizen Watch Co (FRA:CTZ) E10: €0.28 (As of Mar. 2026)


FRA:CTZ Citizen Watch Co Ltd FRA:CTZ
63 GF Score
Price €13.60
GF Value €6.25
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Citizen Watch Co E10?

Citizen Watch Co FRA:CTZ -1.45% 63 E10 is €0.28 as of Mar. 2026. GuruFocus rates FRA:CTZ with a GF Score™ of 63/100 and a GF Value™ of €6.25 (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.

Citizen Watch Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.198. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Citizen Watch Co's average E10 Growth Rate was 20.40% per year. During the past 3 years, the average E10 Growth Rate was 15.60% per year. During the past 5 years, the average E10 Growth Rate was 24.40% per year. During the past 10 years, the average E10 Growth Rate was 11.80% 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 Citizen Watch Co was 38.50% per year. The lowest was -12.70% per year. And the median was 16.10% per year.

As of today (2026-06-27), Citizen Watch Co's current stock price is €13.60. Citizen Watch Co's E10 for the quarter that ended in Mar. 2026 was €0.28. Citizen Watch Co's Shiller PE Ratio of today is 48.57.

During the past 13 years, the highest Shiller PE Ratio of Citizen Watch Co was 55.58. The lowest was 9.18. And the median was 24.35.


Citizen Watch Co  (FRA:CTZ) 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.

Citizen Watch Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.60/0.28
=48.57

* 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 Citizen Watch Co was 55.58. The lowest was 9.18. And the median was 24.35.


Be Aware

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


Citizen Watch Co E10 Related Terms


Citizen Watch Co E10 Historical Data

* Premium members only.

The historical data trend for Citizen Watch Co'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.

Citizen Watch Co E10 Chart

Citizen Watch Co 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 0.16 0.23 0.23 0.26 0.28

Citizen Watch Co 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 0.26 0.26 0.25 0.25 0.28

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

For the Footwear & Accessories subindustry, Citizen Watch Co'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.


Citizen Watch Co Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Citizen Watch Co's Shiller PE Ratio falls into.


FRA:CTZ
63GF Score
Citizen Watch Co Ltd FRA:CTZ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citizen Watch Co 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, Citizen Watch Co'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)
=0.198/112.7000*112.7000
=0.198

Current CPI (Mar. 2026) = 112.7000.

Citizen Watch Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.061 98.100 0.070
201609 0.081 98.000 0.093
201612 0.166 98.400 0.190
201703 0.126 98.100 0.145
201706 0.067 98.500 0.077
201709 0.133 98.800 0.152
201712 0.182 99.400 0.206
201803 0.080 99.200 0.091
201806 0.096 99.200 0.109
201809 0.107 99.900 0.121
201812 0.148 99.700 0.167
201903 -0.025 99.700 -0.028
201906 0.024 99.800 0.027
201909 0.072 100.100 0.081
201912 0.090 100.500 0.101
202003 -0.637 100.300 -0.716
202006 -0.178 99.900 -0.201
202009 -0.380 99.900 -0.429
202012 -0.010 99.300 -0.011
202103 -0.081 99.900 -0.091
202106 0.106 99.500 0.120
202109 0.135 100.100 0.152
202112 0.182 100.100 0.205
202203 0.125 101.100 0.139
202206 0.175 101.800 0.194
202209 0.130 103.100 0.142
202212 0.169 104.100 0.183
202303 0.056 104.400 0.060
202306 0.164 105.200 0.176
202309 0.184 106.200 0.195
202312 0.191 106.800 0.202
202403 0.057 107.200 0.060
202406 0.206 108.200 0.215
202409 0.097 108.900 0.100
202412 0.253 110.700 0.258
202503 0.042 111.100 0.043
202506 0.226 111.700 0.228
202509 0.064 112.000 0.064
202512 0.232 113.000 0.231
202603 0.198 112.700 0.198

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 €0.28 mean?
Citizen Watch Co (FRA:CTZ) has a E10 of €0.28 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Citizen Watch Co and its competitors.
Is Citizen Watch Co's E10 too high?
Citizen Watch Co's current E10 is €0.28. Overall, Citizen Watch Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's E10 compare to NKE and DECK?
Citizen Watch Co's E10 of €0.28 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 Citizen Watch Co and its competitors. Citizen Watch Co's current E10 is €0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.25, compared to a current price of €13.60 — trading 117.6% above its estimated fair value. The current E10 is €0.28. Citizen Watch Co's overall GF Score™ is 63/100 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 Citizen Watch Co (FRA:CTZ), the current E10 is €0.28 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 Citizen Watch Co (FRA:CTZ) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued. The current stock price of €13.60 is trading 117.6% above its estimated GF Value™ of €6.25. GuruFocus considers Citizen Watch Co to be Significantly Overvalued.

Key valuation signals for FRA:CTZ:

  • E10: €0.28
  • GF Value™: €6.25 vs. price of €13.60 (117.6% above fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Citizen Watch Co Business Description

Other Exchanges CHCLY:USA7762:Japan
Address 6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
63GF Score

Get the complete analysis for FRA:CTZ

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

€13.60
Price
€6.25
GF Value