TOYO (FRA:TOY) E10: €0.38 (As of Mar. 2026)


FRA:TOY TOYO Corporation FRA:TOY
91 GF Score
Price €10.80
GF Value €10.51
Valuation Fairly Valued
! 4 Warning Signs
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What is TOYO E10?

TOYO FRA:TOY +0.93% 91 E10 is €0.38 as of Mar. 2026. GuruFocus rates FRA:TOY with a GF Score™ of 91/100 and a GF Value™ of €10.51 (Fairly Valued). The stock has 4 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.

TOYO's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.581. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, TOYO's average E10 Growth Rate was 13.80% per year. During the past 3 years, the average E10 Growth Rate was 6.40% per year. During the past 5 years, the average E10 Growth Rate was 5.90% 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 TOYO was 6.50% per year. The lowest was 0.80% per year. And the median was 3.50% per year.

As of today (2026-06-26), TOYO's current stock price is €10.80. TOYO's E10 for the quarter that ended in Mar. 2026 was €0.38. TOYO's Shiller PE Ratio of today is 28.42.

During the past 13 years, the highest Shiller PE Ratio of TOYO was 30.60. The lowest was 15.93. And the median was 22.75.


TOYO  (FRA:TOY) 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.

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

Shiller PE Ratio=Share Price/E10
=10.80/0.38
=28.42

* 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 TOYO was 30.60. The lowest was 15.93. And the median was 22.75.


Be Aware

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


TOYO E10 Related Terms


TOYO E10 Historical Data

* Premium members only.

The historical data trend for TOYO'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.

TOYO E10 Chart

TOYO Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.39 0.37

TOYO 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 0.39 0.37 0.37 0.35 0.38

FRA:TOY vs COHR, KEYS, GRMN: E10 Comparison

For the Scientific & Technical Instruments subindustry, TOYO'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.


TOYO Shiller PE Ratio vs Hardware Industry

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

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


FRA:TOY
91GF Score
TOYO Corporation FRA:TOY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOYO 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, TOYO'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)
=0.581/112.7000*112.7000
=0.581

Current CPI (Mar. 2026) = 112.7000.

TOYO Quarterly Data

per share eps CPI Adj_EPS
201606 -0.072 98.100 -0.083
201609 0.025 98.000 0.029
201612 -0.042 98.400 -0.048
201703 0.503 98.100 0.578
201706 -0.113 98.500 -0.129
201709 -0.163 98.800 -0.186
201712 -0.057 99.400 -0.065
201803 0.417 99.200 0.474
201806 0.013 99.200 0.015
201809 0.006 99.900 0.007
201812 0.008 99.700 0.009
201903 0.302 99.700 0.341
201906 -0.041 99.800 -0.046
201909 0.102 100.100 0.115
201912 -0.014 100.500 -0.016
202003 0.417 100.300 0.469
202006 -0.081 99.900 -0.091
202009 0.164 99.900 0.185
202012 0.075 99.300 0.085
202103 0.360 99.900 0.406
202106 0.037 99.500 0.042
202109 0.073 100.100 0.082
202112 0.132 100.100 0.149
202203 0.383 101.100 0.427
202206 -0.040 101.800 -0.044
202209 0.136 103.100 0.149
202212 -0.057 104.100 -0.062
202303 0.403 104.400 0.435
202306 -0.048 105.200 -0.051
202309 0.160 106.200 0.170
202312 0.186 106.800 0.196
202403 0.495 107.200 0.520
202406 -0.039 108.200 -0.041
202409 0.058 108.900 0.060
202412 -0.039 110.700 -0.040
202503 0.286 111.100 0.290
202506 -0.069 111.700 -0.070
202509 0.156 112.000 0.157
202512 -0.031 113.000 -0.031
202603 0.581 112.700 0.581

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 €0.38 mean?
TOYO (FRA:TOY) has a E10 of €0.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TOYO and its competitors.
Is TOYO's E10 too high?
TOYO's current E10 is €0.38. Overall, TOYO has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOYO's E10 compare to COHR and KEYS?
TOYO's E10 of €0.38 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 TOYO and its competitors. TOYO's current E10 is €0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOYO stock overvalued right now?
Based on GuruFocus' analysis, TOYO (FRA:TOY) is currently considered Fairly Valued. The stock's GF Value™ is €10.51, compared to a current price of €10.80 — trading 2.8% above its estimated fair value. The current E10 is €0.38. TOYO's overall GF Score™ is 91/100 with 4 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 TOYO (FRA:TOY), the current E10 is €0.38 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 TOYO (FRA:TOY) Overvalued in 2026?

Based on GuruFocus' analysis, TOYO stock appears to be overvalued. The current stock price of €10.80 is trading 2.8% above its estimated GF Value™ of €10.51. GuruFocus considers TOYO to be Fairly Valued.

Key valuation signals for FRA:TOY:

  • E10: €0.38
  • GF Value™: €10.51 vs. price of €10.80 (2.8% above fair value)
  • GF Score™: 91/100 with 4 warning signs

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


TOYO Business Description

Other Exchanges 8151:JapanTOY:Germany
Address 1-6, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8284
TOYO Corporation is a Japanese company engaged in businesses related to the sale, maintenance, and services of products in the fields of Telecommunications/Information Security, Machine Control/Noise and Vibration, Physical Properties/Energy, EMC/Large Antennas, Marine/Special Equipment, Software Development Support, and Life Sciences both domestically and overseas.
91GF Score

Get the complete analysis for FRA:TOY

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

€10.80
Price
€10.51
GF Value