JAPSY (Japan Airlines Co) E10: $0.36 (As of Mar. 2026)


JAPSY Japan Airlines Co Ltd JAPSY
83 GF Score
Price $8.79
GF Value $9.59
Valuation Fairly Valued
! 3 Warning Signs
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What is Japan Airlines Co E10?

Japan Airlines Co JAPSY +2.09% 83 E10 is $0.36 as of Mar. 2026. GuruFocus rates JAPSY with a GF Score™ of 83/100 and a GF Value™ of $9.59 (Fairly Valued). The stock has 3 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.

Japan Airlines Co's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.167. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Japan Airlines Co's average E10 Growth Rate was -16.50% per year. During the past 3 years, the average E10 Growth Rate was -13.70% per year. During the past 5 years, the average E10 Growth Rate was -15.80% per year. During the past 10 years, the average E10 Growth Rate was -9.70% 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 Japan Airlines Co was 58.50% per year. The lowest was -24.70% per year. And the median was -2.70% per year.

As of today (2026-06-26), Japan Airlines Co's current stock price is $8.79. Japan Airlines Co's E10 for the quarter that ended in Mar. 2026 was $0.36. Japan Airlines Co's Shiller PE Ratio of today is 24.42.

During the past 13 years, the highest Shiller PE Ratio of Japan Airlines Co was 27.19. The lowest was 4.17. And the median was 12.52.


Japan Airlines Co  (OTCPK:JAPSY) 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.

Japan Airlines Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.79/0.36
=24.42

* 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 Japan Airlines Co was 27.19. The lowest was 4.17. And the median was 12.52.


Be Aware

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


Japan Airlines Co E10 Related Terms


Japan Airlines Co E10 Historical Data

* Premium members only.

The historical data trend for Japan Airlines 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.

Japan Airlines Co E10 Chart

Japan Airlines 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 0.87 0.67 0.50 0.45 0.36

Japan Airlines 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 0.45 0.46 0.40 0.38 0.36

JAPSY vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, Japan Airlines 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.


Japan Airlines Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Airlines Co's Shiller PE Ratio distribution charts can be found below:

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


JAPSY
83GF Score
Japan Airlines Co Ltd JAPSY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Airlines 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, Japan Airlines 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)
=0.167/112.7000*112.7000
=0.167

Current CPI (Mar. 2026) = 112.7000.

Japan Airlines Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.193 98.100 0.222
201609 0.768 98.000 0.883
201612 0.438 98.400 0.502
201703 0.694 98.100 0.797
201706 0.249 98.500 0.285
201709 0.746 98.800 0.851
201712 0.453 99.400 0.514
201803 0.285 99.200 0.324
201806 0.228 99.200 0.259
201809 0.714 99.900 0.805
201812 0.424 99.700 0.479
201903 0.570 99.700 0.644
201906 0.172 99.800 0.194
201909 0.556 100.100 0.626
201912 0.277 100.500 0.311
202003 -0.369 100.300 -0.415
202006 -1.292 99.900 -1.458
202009 -0.949 99.900 -1.071
202012 -0.645 99.300 -0.732
202103 -0.779 99.900 -0.879
202106 -0.602 99.500 -0.682
202109 -0.489 100.100 -0.551
202112 -0.235 100.100 -0.265
202203 -0.475 101.100 -0.530
202206 -0.167 101.800 -0.185
202209 0.139 103.100 0.152
202212 0.157 104.100 0.170
202303 0.155 104.400 0.167
202306 0.187 105.200 0.200
202309 0.299 106.200 0.317
202312 0.192 106.800 0.203
202403 0.074 107.200 0.078
202406 0.101 108.200 0.105
202409 0.287 108.900 0.297
202412 0.306 110.700 0.312
202503 0.123 111.100 0.125
202506 0.208 111.700 0.210
202509 0.305 112.000 0.307
202512 0.333 113.000 0.332
202603 0.167 112.700 0.167

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 $0.36 mean?
Japan Airlines Co (JAPSY) has a E10 of $0.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Japan Airlines Co and its competitors.
Is Japan Airlines Co's E10 too high?
Japan Airlines Co's current E10 is $0.36. Overall, Japan Airlines Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's E10 compare to DAL and UAL?
Japan Airlines Co's E10 of $0.36 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Japan Airlines Co and its competitors. Japan Airlines Co's current E10 is $0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (JAPSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.59, compared to a current price of $8.79 — trading 8.3% below its estimated fair value. The current E10 is $0.36. Japan Airlines Co's overall GF Score™ is 83/100 with 3 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 Japan Airlines Co (JAPSY), the current E10 is $0.36 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 Japan Airlines Co (JAPSY) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued. The current stock price of $8.79 is trading 8.3% below its estimated GF Value™ of $9.59. GuruFocus considers Japan Airlines Co to be Fairly Valued.

Key valuation signals for JAPSY:

  • E10: $0.36
  • GF Value™: $9.59 vs. price of $8.79 (8.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


Japan Airlines Co Business Description

Address 2-4-11 Higashi-Shinagawa, Nomura Real Estate Building, Shinagawa-ku, Tokyo, JPN, 140-8605
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
83GF Score

Get the complete analysis for JAPSY

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

$8.79
Price
$9.59
GF Value