Disco (FRA:D65) E10: €3.57 (As of Mar. 2026)


FRA:D65 Disco Corp FRA:D65
72 GF Score
Price €416.00
GF Value €303.47
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Disco E10?

Disco FRA:D65 -7.56% 72 E10 is €3.57 as of Mar. 2026. GuruFocus rates FRA:D65 with a GF Score™ of 72/100 and a GF Value™ of €303.47 (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.

Disco's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.155. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.57 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Disco's average E10 Growth Rate was 20.40% per year. During the past 3 years, the average E10 Growth Rate was 22.50% per year. During the past 5 years, the average E10 Growth Rate was 24.60% 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 Disco was 25.50% per year. The lowest was 14.90% per year. And the median was 22.50% per year.

As of today (2026-06-27), Disco's current stock price is €416.00. Disco's E10 for the quarter that ended in Mar. 2026 was €3.57. Disco's Shiller PE Ratio of today is 116.53.

During the past 13 years, the highest Shiller PE Ratio of Disco was 155.26. The lowest was 25.79. And the median was 50.98.


Disco  (FRA:D65) 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.

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

Shiller PE Ratio=Share Price/E10
=416.00/3.57
=116.53

* 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 Disco was 155.26. The lowest was 25.79. And the median was 50.98.


Be Aware

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


Disco E10 Related Terms


Disco E10 Historical Data

* Premium members only.

The historical data trend for Disco'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.

Disco E10 Chart

Disco 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 0.00 0.00 0.00 0.00 3.57

Disco 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 3.19 3.57

FRA:D65 vs LRCX, AMAT, KLAC: E10 Comparison

For the Semiconductor Equipment & Materials subindustry, Disco'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.


Disco Shiller PE Ratio vs Semiconductors Industry

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

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


FRA:D65
72GF Score
Disco Corp FRA:D65
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Disco 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, Disco'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)
=2.155/112.7000*112.7000
=2.155

Current CPI (Mar. 2026) = 112.7000.

Disco Quarterly Data

per share eps CPI Adj_EPS
201606 0.454 98.100 0.522
201609 0.492 98.000 0.566
201612 0.273 98.400 0.313
201703 0.668 98.100 0.767
201706 0.791 98.500 0.905
201709 0.663 98.800 0.756
201712 0.500 99.400 0.567
201803 0.690 99.200 0.784
201806 0.597 99.200 0.678
201809 0.568 99.900 0.641
201812 0.450 99.700 0.509
201903 0.458 99.700 0.518
201906 0.434 99.800 0.490
201909 0.568 100.100 0.639
201912 0.482 100.500 0.541
202003 0.642 100.300 0.721
202006 0.493 99.900 0.556
202009 0.751 99.900 0.847
202012 0.659 99.300 0.748
202103 0.958 99.900 1.081
202106 0.734 99.500 0.831
202109 1.280 100.100 1.441
202112 1.211 100.100 1.363
202203 1.459 101.100 1.626
202206 1.043 101.800 1.155
202209 1.598 103.100 1.747
202212 1.066 104.100 1.154
202303 1.651 104.400 1.782
202306 0.762 105.200 0.816
202309 1.167 106.200 1.238
202312 0.941 106.800 0.993
202403 1.999 107.200 2.102
202406 1.288 108.200 1.342
202409 1.717 108.900 1.777
202412 1.834 110.700 1.867
202503 2.186 111.100 2.217
202506 1.311 111.700 1.323
202509 1.703 112.000 1.714
202512 1.864 113.000 1.859
202603 2.155 112.700 2.155

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 €3.57 mean?
Disco (FRA:D65) has a E10 of €3.57 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Disco and its competitors.
Is Disco's E10 too high?
Disco's current E10 is €3.57. Overall, Disco has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Disco's E10 compare to LRCX and AMAT?
Disco's E10 of €3.57 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Disco and its competitors. Disco's current E10 is €3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Disco stock overvalued right now?
Based on GuruFocus' analysis, Disco (FRA:D65) is currently considered Significantly Overvalued. The stock's GF Value™ is €303.47, compared to a current price of €416.00 — trading 37.1% above its estimated fair value. The current E10 is €3.57. Disco's overall GF Score™ is 72/100 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 Disco (FRA:D65), the current E10 is €3.57 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 Disco (FRA:D65) Overvalued in 2026?

Based on GuruFocus' analysis, Disco stock appears to be overvalued. The current stock price of €416.00 is trading 37.1% above its estimated GF Value™ of €303.47. GuruFocus considers Disco to be Significantly Overvalued.

Key valuation signals for FRA:D65:

  • E10: €3.57
  • GF Value™: €303.47 vs. price of €416.00 (37.1% above fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the FRA:D65 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Disco Business Description

Address 2-13-11 Omorikita, Ota-ku, Tokyo, JPN, 143-8580
Disco is a Japan-based semiconductor production equipment manufacturer. Founded in 1937, the company manufactures diamond, water, and laser saws, as well as grinders and polishers, used mainly in back-end processes of semiconductor manufacturing, which involves treating processed silicon during the front-end process by thinning and dicing the wafers into bare dies for packaging.It is the world's largest manufacturer of semiconductor-grade saws and grinders, with an estimated 60%-70% market share in the semiconductor dicing and grinding industry as of 2025. The company operates three main factories, all located in Hiroshima and Nagano, Japan.
72GF Score

Get the complete analysis for FRA:D65

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

€416.00
Price
€303.47
GF Value