Justsystems (FRA:JSY) E10: €0.90 (As of Mar. 2026)

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FRA:JSY Justsystems Corp FRA:JSY
77 GF Score
Price €20.60
GF Value €22.37
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What is Justsystems E10?

Justsystems FRA:JSY -3.74% 77 E10 is €0.90 as of Mar. 2026. GuruFocus rates FRA:JSY with a GF Score™ of 77/100 and a GF Value™ of €22.37.

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.

Justsystems's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.90 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Justsystems's average E10 Growth Rate was 12.90% per year. During the past 3 years, the average E10 Growth Rate was 13.90% per year. During the past 5 years, the average E10 Growth Rate was 16.80% 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 Justsystems was 22.50% per year. The lowest was 13.90% per year. And the median was 20.40% per year.

As of today (2026-07-14), Justsystems's current stock price is €20.60. Justsystems's E10 for the quarter that ended in Mar. 2026 was €0.90. Justsystems's Shiller PE Ratio of today is 22.89.

During the past 13 years, the highest Shiller PE Ratio of Justsystems was 124.44. The lowest was 19.93. And the median was 47.68.


Justsystems  (FRA:JSY) 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.

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

Shiller PE Ratio=Share Price/E10
=20.60/0.90
=22.89

* 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 Justsystems was 124.44. The lowest was 19.93. And the median was 47.68.


Be Aware

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


Justsystems E10 Related Terms


Justsystems E10 Historical Data

* Premium members only.

The historical data trend for Justsystems'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.

Justsystems E10 Chart

Justsystems 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 0.65 0.80 0.77 0.90 0.90

Justsystems 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 0.90 0.91 0.90 0.89 0.90

FRA:JSY vs MSFT, ORCL, PLTR: E10 Comparison

For the Software - Infrastructure subindustry, Justsystems'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.


Justsystems Shiller PE Ratio vs Software Industry

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

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


FRA:JSY
77GF Score
Justsystems Corp FRA:JSY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Justsystems 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, Justsystems'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)
=0.25/112.7000*112.7000
=0.250

Current CPI (Mar. 2026) = 112.7000.

Justsystems Quarterly Data

per share eps CPI Adj_EPS
201606 0.136 98.100 0.156
201609 0.169 98.000 0.194
201612 0.109 98.400 0.125
201703 0.145 98.100 0.167
201706 0.142 98.500 0.162
201709 0.143 98.800 0.163
201712 0.064 99.400 0.073
201803 0.073 99.200 0.083
201806 0.190 99.200 0.216
201809 0.183 99.900 0.206
201812 0.142 99.700 0.161
201903 0.241 99.700 0.272
201906 0.347 99.800 0.392
201909 0.390 100.100 0.439
201912 0.234 100.500 0.262
202003 0.232 100.300 0.261
202006 0.393 99.900 0.443
202009 0.415 99.900 0.468
202012 0.269 99.300 0.305
202103 0.290 99.900 0.327
202106 0.390 99.500 0.442
202109 0.438 100.100 0.493
202112 0.344 100.100 0.387
202203 0.280 101.100 0.312
202206 0.397 101.800 0.440
202209 0.397 103.100 0.434
202212 0.350 104.100 0.379
202303 0.322 104.400 0.348
202306 0.313 105.200 0.335
202309 0.343 106.200 0.364
202312 0.276 106.800 0.291
202403 0.220 107.200 0.231
202406 0.303 108.200 0.316
202409 0.324 108.900 0.335
202412 0.306 110.700 0.312
202503 0.247 111.100 0.251
202506 0.377 111.700 0.380
202509 0.382 112.000 0.384
202512 0.329 113.000 0.328
202603 0.250 112.700 0.250

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 €0.90 mean?
Justsystems (FRA:JSY) has a E10 of €0.90 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Justsystems and its competitors.
Is Justsystems' E10 too high?
Justsystems' current E10 is €0.90. Overall, Justsystems has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Justsystems' E10 compare to MSFT and ORCL?
Justsystems' E10 of €0.90 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Justsystems and its competitors. Justsystems's current E10 is €0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Justsystems stock overvalued right now?
Justsystems (FRA:JSY) has a current E10 of €0.90. The stock's GF Value™ is €22.37, compared to a current price of €20.60 — trading 7.9% below its estimated fair value. The current E10 is €0.90. Justsystems' overall GF Score™ is 77/100. 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 Justsystems (FRA:JSY), the current E10 is €0.90 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 Justsystems (FRA:JSY) Overvalued in 2026?

Based on GuruFocus' analysis, Justsystems stock appears to be undervalued. The current stock price of €20.60 is trading 7.9% below its estimated GF Value™ of €22.37.

Key valuation signals for FRA:JSY:

  • E10: €0.90
  • GF Value™: €22.37 vs. price of €20.60 (7.9% below fair value)
  • GF Score™: 77/100

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


Justsystems Business Description

Other Exchanges 4686:Japan
Address Nishi-Shinjuku 6-8-1 Shinjuku-ku, Shinjuku Oak Tower, Tokyo, JPN, 163-6017
Justsystems Corp is a global software provider based in Japan. It provides service of user Interface customization, output customization. The company's products include XMetaL Author which brings automation to the process of content creation; XMAX, which is an embeddable ActiveX component designed for developers to integrate into custom environments; and XMetaL Developer, which is a tool for fast configuration of XML content authoring solutions that combines development tools in a robust and flexible Integrated Development Environment (IDE). The company also provides engineering services and training services.
77GF Score

Get the complete analysis for FRA:JSY

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

€20.60
Price
€22.37
GF Value