Mitsubishi Heavy Industries (FSE:7011) E10: 円49.95 (As of Mar. 2026)


FSE:7011 Mitsubishi Heavy Industries Ltd FSE:7011
76 GF Score
Price 円4,500.00
GF Value 円2,981.67
! 4 Warning Signs
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What is Mitsubishi Heavy Industries E10?

Mitsubishi Heavy Industries FSE:7011 76 E10 is 円49.95 as of Mar. 2026. GuruFocus rates FSE:7011 with a GF Score™ of 76/100 and a GF Value™ of 円2,981.67. 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.

Mitsubishi Heavy Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was 円36.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円49.95 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mitsubishi Heavy Industries's average E10 Growth Rate was 23.60% per year. During the past 3 years, the average E10 Growth Rate was 15.40% per year. During the past 5 years, the average E10 Growth Rate was 11.80% per year. During the past 10 years, the average E10 Growth Rate was 7.50% 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 Heavy Industries was 15.40% per year. The lowest was 1.20% per year. And the median was 8.00% per year.

As of today (2026-06-30), Mitsubishi Heavy Industries's current stock price is 円4500.00. Mitsubishi Heavy Industries's E10 for the quarter that ended in Mar. 2026 was 円49.95. Mitsubishi Heavy Industries's Shiller PE Ratio of today is 90.09.

During the past 13 years, the highest Shiller PE Ratio of Mitsubishi Heavy Industries was 125.81. The lowest was 10.51. And the median was 21.83.


Mitsubishi Heavy Industries  (FSE:7011) 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 Heavy Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4500.00/49.95
=90.09

* 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 Heavy Industries was 125.81. The lowest was 10.51. And the median was 21.83.


Be Aware

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


Mitsubishi Heavy Industries E10 Related Terms


Mitsubishi Heavy Industries E10 Historical Data

* Premium members only.

The historical data trend for Mitsubishi Heavy Industries'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 Heavy Industries E10 Chart

Mitsubishi Heavy Industries 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 22.04 30.60 19.85 34.79 49.95

Mitsubishi Heavy Industries 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 34.79 34.69 37.11 48.01 49.95

FSE:7011 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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 Heavy Industries Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Shiller PE Ratio distribution charts can be found below:

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


FSE:7011
76GF Score
Mitsubishi Heavy Industries Ltd FSE:7011
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsubishi Heavy Industries 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 Heavy Industries'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)
=36.05/112.7000*112.7000
=36.050

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Heavy Industries Quarterly Data

per share eps CPI Adj_EPS
201606 -3.610 98.100 -4.147
201609 -2.035 98.000 -2.340
201612 2.295 98.400 2.629
201703 29.469 98.100 33.855
201706 -0.918 98.500 -1.050
201709 0.030 98.800 0.034
201712 1.233 99.400 1.398
201803 -2.531 99.200 -2.875
201806 4.712 99.200 5.353
201809 3.350 99.900 3.779
201812 4.700 99.700 5.313
201903 20.030 99.700 22.642
201906 4.869 99.800 5.498
201909 3.823 100.100 4.304
201912 21.456 100.500 24.061
202003 -4.253 100.300 -4.779
202006 -17.234 99.900 -19.442
202009 0.244 99.900 0.275
202012 17.953 99.300 20.376
202103 11.101 99.900 12.523
202106 3.766 99.500 4.266
202109 -0.169 100.100 -0.190
202112 11.295 100.100 12.717
202203 18.913 101.100 21.083
202206 5.707 101.800 6.318
202209 10.390 103.100 11.357
202212 3.658 104.100 3.960
202303 19.056 104.400 20.571
202306 15.816 105.200 16.944
202309 11.528 106.200 12.234
202312 13.715 106.800 14.473
202403 24.981 107.200 26.263
202406 18.520 108.200 19.290
202409 13.330 108.900 13.795
202412 19.340 110.700 19.689
202503 21.830 111.100 22.144
202506 20.310 111.700 20.492
202509 13.890 112.000 13.977
202512 28.590 113.000 28.514
202603 36.050 112.700 36.050

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 円49.95 mean?
Mitsubishi Heavy Industries (FSE:7011) has a E10 of 円49.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mitsubishi Heavy Industries and its competitors.
Is Mitsubishi Heavy Industries' E10 too high?
Mitsubishi Heavy Industries' current E10 is 円49.95. Overall, Mitsubishi Heavy Industries has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' E10 compare to GEV and ETN?
Mitsubishi Heavy Industries' E10 of 円49.95 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Heavy Industries and its competitors. Mitsubishi Heavy Industries's current E10 is 円49.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Mitsubishi Heavy Industries (FSE:7011) has a current E10 of 円49.95. The stock's GF Value™ is 円2,981.67, compared to a current price of 円4,500.00 — trading 50.9% above its estimated fair value. The current E10 is 円49.95. Mitsubishi Heavy Industries' overall GF Score™ is 76/100 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 Mitsubishi Heavy Industries (FSE:7011), the current E10 is 円49.95 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 Heavy Industries (FSE:7011) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued. The current stock price of 円4,500.00 is trading 50.9% above its estimated GF Value™ of 円2,981.67.

Key valuation signals for FSE:7011:

  • E10: 円49.95
  • GF Value™: 円2,981.67 vs. price of 円4,500.00 (50.9% above fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the FSE:7011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsubishi Heavy Industries Business Description

Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
76GF Score

Get the complete analysis for FSE:7011

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

円4,500.00
Price
円2,981.67
GF Value