Mitsubishi Estate Co (FRA:MES) E10: €0.70 (As of Mar. 2026)


FRA:MES Mitsubishi Estate Co Ltd FRA:MES
83 GF Score
Price €21.40
GF Value €15.86
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Mitsubishi Estate Co E10?

Mitsubishi Estate Co FRA:MES +1.90% 83 E10 is €0.70 as of Mar. 2026. GuruFocus rates FRA:MES with a GF Score™ of 83/100 and a GF Value™ of €15.86 (Significantly Overvalued). The stock has 2 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.

Mitsubishi Estate Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.296. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mitsubishi Estate Co's average E10 Growth Rate was 11.30% per year. During the past 3 years, the average E10 Growth Rate was 11.90% per year. During the past 5 years, the average E10 Growth Rate was 12.50% per year. During the past 10 years, the average E10 Growth Rate was 12.30% 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 Mitsubishi Estate Co was 14.00% per year. The lowest was 11.00% per year. And the median was 12.50% per year.

As of today (2026-06-26), Mitsubishi Estate Co's current stock price is €21.40. Mitsubishi Estate Co's E10 for the quarter that ended in Mar. 2026 was €0.70. Mitsubishi Estate Co's Shiller PE Ratio of today is 30.57.

During the past 13 years, the highest Shiller PE Ratio of Mitsubishi Estate Co was 55.31. The lowest was 17.26. And the median was 26.76.


Mitsubishi Estate Co  (FRA:MES) 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.

Mitsubishi Estate Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.40/0.70
=30.57

* 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 Mitsubishi Estate Co was 55.31. The lowest was 17.26. And the median was 26.76.


Be Aware

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


Mitsubishi Estate Co E10 Related Terms


Mitsubishi Estate Co E10 Historical Data

* Premium members only.

The historical data trend for Mitsubishi Estate 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.

Mitsubishi Estate Co E10 Chart

Mitsubishi Estate 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 0.58 0.62 0.60 0.71 0.70

Mitsubishi Estate 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 0.71 0.68 0.65 0.65 0.70

Mitsubishi Estate Co E10 Competitor Comparison

For the Real Estate - Diversified subindustry, Mitsubishi Estate 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.


Mitsubishi Estate Co Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsubishi Estate Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:MES
83GF Score
Mitsubishi Estate Co Ltd FRA:MES
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Estate 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, Mitsubishi Estate 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)
=0.296/112.7000*112.7000
=0.296

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Estate Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.167 98.100 0.192
201609 0.190 98.000 0.219
201612 0.188 98.400 0.215
201703 0.079 98.100 0.091
201706 0.104 98.500 0.119
201709 0.130 98.800 0.148
201712 0.233 99.400 0.264
201803 0.195 99.200 0.222
201806 0.142 99.200 0.161
201809 0.201 99.900 0.227
201812 0.197 99.700 0.223
201903 0.217 99.700 0.245
201906 0.156 99.800 0.176
201909 0.133 100.100 0.150
201912 0.233 100.500 0.261
202003 0.383 100.300 0.430
202006 0.180 99.900 0.203
202009 0.130 99.900 0.147
202012 0.224 99.300 0.254
202103 0.271 99.900 0.306
202106 0.195 99.500 0.221
202109 0.119 100.100 0.134
202112 0.186 100.100 0.209
202203 0.392 101.100 0.437
202206 0.329 101.800 0.364
202209 0.079 103.100 0.086
202212 0.140 104.100 0.152
202303 0.334 104.400 0.361
202306 0.097 105.200 0.104
202309 0.110 106.200 0.117
202312 0.180 106.800 0.190
202403 0.438 107.200 0.460
202406 0.121 108.200 0.126
202409 0.121 108.900 0.125
202412 0.276 110.700 0.281
202503 0.415 111.100 0.421
202506 0.155 111.700 0.156
202509 0.123 112.000 0.124
202512 0.440 113.000 0.439
202603 0.296 112.700 0.296

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 €0.70 mean?
Mitsubishi Estate Co (FRA:MES) has a E10 of €0.70 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mitsubishi Estate Co and its competitors.
Is Mitsubishi Estate Co's E10 too high?
Mitsubishi Estate Co's current E10 is €0.70. Overall, Mitsubishi Estate Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Estate Co's E10 compare to competitors?
Mitsubishi Estate Co's E10 of €0.70 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Mitsubishi Estate Co and its competitors. Mitsubishi Estate Co's current E10 is €0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Estate Co (FRA:MES) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.86, compared to a current price of €21.40 — trading 34.9% above its estimated fair value. The current E10 is €0.70. Mitsubishi Estate Co's overall GF Score™ is 83/100 with 2 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 Mitsubishi Estate Co (FRA:MES), the current E10 is €0.70 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 Mitsubishi Estate Co (FRA:MES) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Estate Co stock appears to be overvalued. The current stock price of €21.40 is trading 34.9% above its estimated GF Value™ of €15.86. GuruFocus considers Mitsubishi Estate Co to be Significantly Overvalued.

Key valuation signals for FRA:MES:

  • E10: €0.70
  • GF Value™: €15.86 vs. price of €21.40 (34.9% above fair value)
  • GF Score™: 83/100 with 2 warning signs

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


Mitsubishi Estate Co Business Description

Address 1-1, Otemachi 1-chome, Otemachi Park Building, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.
83GF Score

Get the complete analysis for FRA:MES

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

€21.40
Price
€15.86
GF Value