Tsukada Global Holdings (FRA:TVJ) E10: €0.09 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:TVJ Tsukada Global Holdings Inc FRA:TVJ
65 GF Score
Price €3.14
GF Value €3.14
! 2 Warning Signs
View Full Analysis

What is Tsukada Global Holdings E10?

Tsukada Global Holdings FRA:TVJ 65 E10 is €0.09 as of Dec. 2025. GuruFocus rates FRA:TVJ with a GF Score™ of 65/100 and a GF Value™ of €3.14. 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.

Tsukada Global Holdings's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.095. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.09 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tsukada Global Holdings's average E10 Growth Rate was 14.10% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was -9.60% 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 Tsukada Global Holdings was 12.90% per year. The lowest was -46.10% per year. And the median was -28.10% per year.

As of today (2026-07-21), Tsukada Global Holdings's current stock price is €3.14. Tsukada Global Holdings's E10 for the quarter that ended in Dec. 2025 was €0.09. Tsukada Global Holdings's Shiller PE Ratio of today is 34.89.

During the past 13 years, the highest Shiller PE Ratio of Tsukada Global Holdings was 44.14. The lowest was 3.76. And the median was 25.41.


Tsukada Global Holdings  (FRA:TVJ) 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.

Tsukada Global Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.14/0.09
=34.89

* 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 Tsukada Global Holdings was 44.14. The lowest was 3.76. And the median was 25.41.


Be Aware

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


Tsukada Global Holdings E10 Related Terms


Tsukada Global Holdings E10 Historical Data

* Premium members only.

The historical data trend for Tsukada Global Holdings'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.

Tsukada Global Holdings E10 Chart

Tsukada Global Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.08 0.08 0.09 0.09

Tsukada Global Holdings 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 0.10 0.13 0.11 0.09 0.00

FRA:TVJ vs ROL, SCI, FTDR: E10 Comparison

For the Personal Services subindustry, Tsukada Global Holdings'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.


Tsukada Global Holdings Shiller PE Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Tsukada Global Holdings's Shiller PE Ratio distribution charts can be found below:

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


FRA:TVJ
65GF Score
Tsukada Global Holdings Inc FRA:TVJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsukada Global Holdings 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, Tsukada Global Holdings's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.095/113.0000*113.0000
=0.095

Current CPI (Dec. 2025) = 113.0000.

Tsukada Global Holdings Quarterly Data

per share eps CPI Adj_EPS
201603 -0.113 97.900 -0.130
201606 0.052 98.100 0.060
201609 0.044 98.000 0.051
201612 0.354 98.400 0.407
201703 -0.091 98.100 -0.105
201706 0.115 98.500 0.132
201709 0.062 98.800 0.071
201712 0.233 99.400 0.265
201803 -0.059 99.200 -0.067
201806 0.155 99.200 0.177
201809 0.100 99.900 0.113
201812 0.197 99.700 0.223
201903 -0.007 99.700 -0.008
201906 0.229 99.800 0.259
201909 0.139 100.100 0.157
201912 0.084 100.500 0.094
202003 -0.426 100.300 -0.480
202006 -0.744 99.900 -0.842
202009 -0.337 99.900 -0.381
202012 -0.317 99.300 -0.361
202103 -0.452 99.900 -0.511
202106 -0.263 99.500 -0.299
202109 -0.231 100.100 -0.261
202112 -0.042 100.100 -0.047
202203 -0.206 101.100 -0.230
202206 0.190 101.800 0.211
202209 0.042 103.100 0.046
202212 0.178 104.100 0.193
202303 0.005 104.400 0.005
202306 0.274 105.200 0.294
202309 0.038 106.200 0.040
202312 0.322 106.800 0.341
202403 0.129 107.200 0.136
202406 0.251 108.200 0.262
202409 -0.098 108.900 -0.102
202412 0.371 110.700 0.379
202503 0.036 111.100 0.037
202506 0.520 111.700 0.526
202509 -0.053 112.000 -0.053
202512 0.095 113.000 0.095

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 €0.09 mean?
Tsukada Global Holdings (FRA:TVJ) has a E10 of €0.09 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tsukada Global Holdings and its competitors.
Is Tsukada Global Holdings' E10 too high?
Tsukada Global Holdings' current E10 is €0.09. Overall, Tsukada Global Holdings has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Tsukada Global Holdings' E10 compare to ROL and SCI?
Tsukada Global Holdings' E10 of €0.09 can be compared against companies in the Personal Services 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 Personal Services company?
A good E10 depends on the Personal Services 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 Tsukada Global Holdings and its competitors. Tsukada Global Holdings's current E10 is €0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsukada Global Holdings stock overvalued right now?
Tsukada Global Holdings (FRA:TVJ) has a current E10 of €0.09. The stock's GF Value™ is €3.14, compared to a current price of €3.14 — trading right at its estimated fair value. The current E10 is €0.09. Tsukada Global Holdings' overall GF Score™ is 65/100 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 Tsukada Global Holdings (FRA:TVJ), the current E10 is €0.09 as of Dec. 2025. 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 Tsukada Global Holdings (FRA:TVJ) Overvalued in 2026?

Based on GuruFocus' analysis, Tsukada Global Holdings stock appears to be undervalued. The current stock price of €3.14 is trading 0% below its estimated GF Value™ of €3.14.

Key valuation signals for FRA:TVJ:

  • E10: €0.09
  • GF Value™: €3.14 vs. price of €3.14 (0% below fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Tsukada Global Holdings Business Description

Other Exchanges 2418:Japan
Address 1-16-1 Kaigan, New Pier Takeshiba South Tower, Minato-ku, Tokyo, JPN, 105-0022
Tsukada Global Holdings Inc is engaged in the planning and development of guest houses, hotels, wedding and restaurant business in Japan. The company offers wedding attire, beauty care, wedding ceremony and reception, photography, and videography services. It operates in three segments- wedding business, Hotel Business and W&R Business. The company serves a wide array of clients looking for exceptional service in various celebratory and leisure contexts.
65GF Score

Get the complete analysis for FRA:TVJ

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

€3.14
Price
€3.14
GF Value