DOWA Holdings Co (FRA:DMI) E10: €2.98 (As of Mar. 2026)


FRA:DMI DOWA Holdings Co Ltd FRA:DMI
78 GF Score
Price €47.20
GF Value €29.39
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is DOWA Holdings Co E10?

DOWA Holdings Co FRA:DMI 78 E10 is €2.98 as of Mar. 2026. GuruFocus rates FRA:DMI with a GF Score™ of 78/100 and a GF Value™ of €29.39 (Significantly Overvalued). The stock has 3 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.

DOWA Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €4.023. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DOWA Holdings Co's average E10 Growth Rate was 14.60% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 7.80% 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 DOWA Holdings Co was 18.50% per year. The lowest was 4.20% per year. And the median was 10.90% per year.

As of today (2026-07-05), DOWA Holdings Co's current stock price is €47.20. DOWA Holdings Co's E10 for the quarter that ended in Mar. 2026 was €2.98. DOWA Holdings Co's Shiller PE Ratio of today is 15.84.

During the past 13 years, the highest Shiller PE Ratio of DOWA Holdings Co was 26.95. The lowest was 7.16. And the median was 11.96.


DOWA Holdings Co  (FRA:DMI) 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.

DOWA Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.20/2.98
=15.84

* 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 DOWA Holdings Co was 26.95. The lowest was 7.16. And the median was 11.96.


Be Aware

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


DOWA Holdings Co E10 Related Terms


DOWA Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for DOWA Holdings 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.

DOWA Holdings Co E10 Chart

DOWA Holdings 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 3.02 3.17 2.72 2.92 2.98

DOWA Holdings 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 2.92 2.78 2.70 2.60 2.98

DOWA Holdings Co E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, DOWA Holdings 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.


DOWA Holdings Co Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:DMI
78GF Score
DOWA Holdings Co Ltd FRA:DMI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DOWA Holdings 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, DOWA Holdings 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)
=4.023/112.7000*112.7000
=4.023

Current CPI (Mar. 2026) = 112.7000.

DOWA Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.709 98.100 0.815
201609 0.726 98.000 0.835
201612 0.886 98.400 1.015
201703 1.381 98.100 1.587
201706 0.837 98.500 0.958
201709 0.711 98.800 0.811
201712 0.947 99.400 1.074
201803 0.707 99.200 0.803
201806 0.791 99.200 0.899
201809 0.370 99.900 0.417
201812 0.238 99.700 0.269
201903 0.578 99.700 0.653
201906 0.672 99.800 0.759
201909 0.438 100.100 0.493
201912 0.775 100.500 0.869
202003 0.555 100.300 0.624
202006 0.026 99.900 0.029
202009 0.194 99.900 0.219
202012 0.918 99.300 1.042
202103 1.734 99.900 1.956
202106 2.527 99.500 2.862
202109 1.641 100.100 1.848
202112 1.503 100.100 1.692
202203 0.889 101.100 0.991
202206 1.550 101.800 1.716
202209 1.146 103.100 1.253
202212 0.533 104.100 0.577
202303 -0.262 104.400 -0.283
202306 0.862 105.200 0.923
202309 0.568 106.200 0.603
202312 1.159 106.800 1.223
202403 0.395 107.200 0.415
202406 1.165 108.200 1.213
202409 0.925 108.900 0.957
202412 0.341 110.700 0.347
202503 0.348 111.100 0.353
202506 0.645 111.700 0.651
202509 0.699 112.000 0.703
202512 0.455 113.000 0.454
202603 4.023 112.700 4.023

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 €2.98 mean?
DOWA Holdings Co (FRA:DMI) has a E10 of €2.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DOWA Holdings Co and its competitors.
Is DOWA Holdings Co's E10 too high?
DOWA Holdings Co's current E10 is €2.98. Overall, DOWA Holdings Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DOWA Holdings Co's E10 compare to competitors?
DOWA Holdings Co's E10 of €2.98 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 DOWA Holdings Co and its competitors. DOWA Holdings Co's current E10 is €2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DOWA Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, DOWA Holdings Co (FRA:DMI) is currently considered Significantly Overvalued. The stock's GF Value™ is €29.39, compared to a current price of €47.20 — trading 60.6% above its estimated fair value. The current E10 is €2.98. DOWA Holdings Co's overall GF Score™ is 78/100 with 3 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 DOWA Holdings Co (FRA:DMI), the current E10 is €2.98 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 DOWA Holdings Co (FRA:DMI) Overvalued in 2026?

Based on GuruFocus' analysis, DOWA Holdings Co stock appears to be overvalued. The current stock price of €47.20 is trading 60.6% above its estimated GF Value™ of €29.39. GuruFocus considers DOWA Holdings Co to be Significantly Overvalued.

Key valuation signals for FRA:DMI:

  • E10: €2.98
  • GF Value™: €29.39 vs. price of €47.20 (60.6% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


DOWA Holdings Co Business Description

Other Exchanges 5714:Japan
Address 1-14-1 Sotokanda, 22nd Floor, Akihabara UDX, Chiyoda-ku, Tokyo, JPN, 101-0021
DOWA Holdings Co Ltd is a Japanese conglomerate engaged in electronic materials, recycling, heat treatment, metal processing, and smelting businesses. The company operates five business segments. The Electronic Materials segment makes high-purity metals, semiconductor wafers, LEDs, batteries, and magnetic materials. The Environment/Recycling segment handles waste disposal, soil remediation, resource recovery, and logistics. The Heat Treatment segment provides metal surface treatment, processing equipment, and related services. The Metal Processing segment produces copper, brass, alloys, and circuit boards. The Smelting segment manufactures metals and chemicals, while Others covers real estate, construction, and technology. It generates the majority of its revenue from the Smelting segment.
78GF Score

Get the complete analysis for FRA:DMI

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

€47.20
Price
€29.39
GF Value