HTCMF (Hitachi Construction Machinery Co) E10: $1.87 (As of Mar. 2026)


HTCMF Hitachi Construction Machinery Co Ltd HTCMF
76 GF Score
Price $32.90
GF Value $27.38
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Hitachi Construction Machinery Co E10?

Hitachi Construction Machinery Co HTCMF -1.11% 76 E10 is $1.87 as of Mar. 2026. GuruFocus rates HTCMF with a GF Score™ of 76/100 and a GF Value™ of $27.38 (Modestly 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.

Hitachi Construction Machinery Co's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.297. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.87 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hitachi Construction Machinery Co's average E10 Growth Rate was 12.80% per year. During the past 3 years, the average E10 Growth Rate was 14.20% per year. During the past 5 years, the average E10 Growth Rate was 15.20% 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 Hitachi Construction Machinery Co was 16.20% per year. The lowest was 10.10% per year. And the median was 13.45% per year.

As of today (2026-06-29), Hitachi Construction Machinery Co's current stock price is $32.90. Hitachi Construction Machinery Co's E10 for the quarter that ended in Mar. 2026 was $1.87. Hitachi Construction Machinery Co's Shiller PE Ratio of today is 17.59.

During the past 13 years, the highest Shiller PE Ratio of Hitachi Construction Machinery Co was 48.94. The lowest was 12.56. And the median was 19.26.


Hitachi Construction Machinery Co  (OTCPK:HTCMF) 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.

Hitachi Construction Machinery Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=32.90/1.87
=17.59

* 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 Hitachi Construction Machinery Co was 48.94. The lowest was 12.56. And the median was 19.26.


Be Aware

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


Hitachi Construction Machinery Co E10 Related Terms


Hitachi Construction Machinery Co E10 Historical Data

* Premium members only.

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co E10 Chart

Hitachi Construction Machinery 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 1.31 1.48 1.37 1.47 1.87

Hitachi Construction Machinery 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 1.47 1.56 1.47 1.95 1.87

HTCMF vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.


Hitachi Construction Machinery Co Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's Shiller PE Ratio falls into.


HTCMF
76GF Score
Hitachi Construction Machinery Co Ltd HTCMF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Hitachi Construction Machinery 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, Hitachi Construction Machinery 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)
=0.297/112.7000*112.7000
=0.297

Current CPI (Mar. 2026) = 112.7000.

Hitachi Construction Machinery Co Quarterly Data

per share eps CPI Adj_EPS
201606 -0.071 98.100 -0.082
201609 0.179 98.000 0.206
201612 0.011 98.400 0.013
201703 0.229 98.100 0.263
201706 0.301 98.500 0.344
201709 0.684 98.800 0.780
201712 0.811 99.400 0.920
201803 0.767 99.200 0.871
201806 0.671 99.200 0.762
201809 0.610 99.900 0.688
201812 0.883 99.700 0.998
201903 0.729 99.700 0.824
201906 0.594 99.800 0.671
201909 0.505 100.100 0.569
201912 0.427 100.500 0.479
202003 0.265 100.300 0.298
202006 0.009 99.900 0.010
202009 0.000 99.900 0.000
202012 0.132 99.300 0.150
202103 0.312 99.900 0.352
202106 0.304 99.500 0.344
202109 1.057 100.100 1.190
202112 0.602 100.100 0.678
202203 1.164 101.100 1.298
202206 0.652 101.800 0.722
202209 0.562 103.100 0.614
202212 0.257 104.100 0.278
202303 0.954 104.400 1.030
202306 1.045 105.200 1.120
202309 0.829 106.200 0.880
202312 0.443 106.800 0.467
202403 0.697 107.200 0.733
202406 0.732 108.200 0.762
202409 0.236 108.900 0.244
202412 0.921 110.700 0.938
202503 0.617 111.100 0.626
202506 0.367 111.700 0.370
202509 0.842 112.000 0.847
202512 0.766 113.000 0.764
202603 0.297 112.700 0.297

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 $1.87 mean?
Hitachi Construction Machinery Co (HTCMF) has a E10 of $1.87 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hitachi Construction Machinery Co and its competitors.
Is Hitachi Construction Machinery Co's E10 too high?
Hitachi Construction Machinery Co's current E10 is $1.87. Overall, Hitachi Construction Machinery Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hitachi Construction Machinery Co's E10 compare to CAT and DE?
Hitachi Construction Machinery Co's E10 of $1.87 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery 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 Hitachi Construction Machinery Co and its competitors. Hitachi Construction Machinery Co's current E10 is $1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitachi Construction Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hitachi Construction Machinery Co (HTCMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.38, compared to a current price of $32.90 — trading 20.2% above its estimated fair value. The current E10 is $1.87. Hitachi Construction Machinery Co's overall GF Score™ is 76/100 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 Hitachi Construction Machinery Co (HTCMF), the current E10 is $1.87 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 Hitachi Construction Machinery Co (HTCMF) Overvalued in 2026?

Based on GuruFocus' analysis, Hitachi Construction Machinery Co stock appears to be overvalued. The current stock price of $32.90 is trading 20.2% above its estimated GF Value™ of $27.38. GuruFocus considers Hitachi Construction Machinery Co to be Modestly Overvalued.

Key valuation signals for HTCMF:

  • E10: $1.87
  • GF Value™: $27.38 vs. price of $32.90 (20.2% above fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Hitachi Construction Machinery Co Business Description

Address 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining and construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.42% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo.
76GF Score

Get the complete analysis for HTCMF

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

$32.90
Price
$27.38
GF Value