M3 (MTHRY) E10: $0.18 (As of Mar. 2026)


MTHRY M3 Inc MTHRY
86 GF Score
Price $5.45
GF Value $7.68
Valuation Modestly Undervalued
! 3 Warning Signs
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What is M3 E10?

M3 MTHRY +2.83% 86 E10 is $0.18 as of Mar. 2026. GuruFocus rates MTHRY with a GF Score™ of 86/100 and a GF Value™ of $7.68 (Modestly Undervalued). 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.

M3's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.035. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.18 for the trailing ten years ended in Mar. 2026.

During the past 12 months, M3's average E10 Growth Rate was 11.10% per year. During the past 3 years, the average E10 Growth Rate was 13.30% per year. During the past 5 years, the average E10 Growth Rate was 18.90% 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 M3 was 28.80% per year. The lowest was 13.30% per year. And the median was 23.15% per year.

As of today (2026-06-27), M3's current stock price is $5.45. M3's E10 for the quarter that ended in Mar. 2026 was $0.18. M3's Shiller PE Ratio of today is 30.28.

During the past 13 years, the highest Shiller PE Ratio of M3 was 478.23. The lowest was 23.27. And the median was 122.69.


M3  (OTCPK:MTHRY) 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.

M3's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.45/0.18
=30.28

* 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 M3 was 478.23. The lowest was 23.27. And the median was 122.69.


Be Aware

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


M3 E10 Related Terms


M3 E10 Historical Data

* Premium members only.

The historical data trend for M3'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.

M3 E10 Chart

M3 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 0.14 0.15 0.16 0.17 0.18

M3 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 0.17 0.18 0.19 0.18 0.18

MTHRY vs VEEV, BTSG, TEM: E10 Comparison

For the Health Information Services subindustry, M3'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.


M3 Shiller PE Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, M3's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where M3's Shiller PE Ratio falls into.


MTHRY
86GF Score
M3 Inc MTHRY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M3 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, M3'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)
=0.035/112.7000*112.7000
=0.035

Current CPI (Mar. 2026) = 112.7000.

M3 Quarterly Data

per share eps CPI Adj_EPS
201606 0.025 98.100 0.029
201609 0.024 98.000 0.028
201612 0.035 98.400 0.040
201703 0.029 98.100 0.033
201706 0.028 98.500 0.032
201709 0.024 98.800 0.027
201712 0.041 99.400 0.046
201803 0.034 99.200 0.039
201806 0.032 99.200 0.036
201809 0.027 99.900 0.030
201812 0.042 99.700 0.047
201903 0.035 99.700 0.040
201906 0.033 99.800 0.037
201909 0.034 100.100 0.038
201912 0.046 100.500 0.052
202003 0.035 100.300 0.039
202006 0.044 99.900 0.050
202009 0.057 99.900 0.064
202012 0.085 99.300 0.096
202103 0.075 99.900 0.085
202106 0.105 99.500 0.119
202109 0.167 100.100 0.188
202112 0.099 100.100 0.111
202203 0.048 101.100 0.054
202206 0.067 101.800 0.074
202209 0.061 103.100 0.067
202212 0.083 104.100 0.090
202303 0.054 104.400 0.058
202306 0.065 105.200 0.070
202309 0.055 106.200 0.058
202312 0.068 106.800 0.072
202403 0.043 107.200 0.045
202406 0.052 108.200 0.054
202409 0.031 108.900 0.032
202412 0.073 110.700 0.074
202503 0.040 111.100 0.041
202506 0.060 111.700 0.061
202509 0.054 112.000 0.054
202512 0.090 113.000 0.090
202603 0.035 112.700 0.035

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 $0.18 mean?
M3 (MTHRY) has a E10 of $0.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on M3 and its competitors.
Is M3's E10 too high?
M3's current E10 is $0.18. Overall, M3 has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M3's E10 compare to VEEV and BTSG?
M3's E10 of $0.18 can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good E10 depends on the Healthcare Providers & 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 M3 and its competitors. M3's current E10 is $0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M3 stock overvalued right now?
Based on GuruFocus' analysis, M3 (MTHRY) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.68, compared to a current price of $5.45 — trading 29% below its estimated fair value. The current E10 is $0.18. M3's overall GF Score™ is 86/100 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 M3 (MTHRY), the current E10 is $0.18 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 M3 (MTHRY) Overvalued in 2026?

Based on GuruFocus' analysis, M3 stock appears to be undervalued. The current stock price of $5.45 is trading 29% below its estimated GF Value™ of $7.68. GuruFocus considers M3 to be Modestly Undervalued.

Key valuation signals for MTHRY:

  • E10: $0.18
  • GF Value™: $7.68 vs. price of $5.45 (29% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


M3 Business Description

Other Exchanges 2413:Japan4YC:Germany
Address 1-11-44 Akasaka, Akasaka Intercity, 10th Floor, Minato-ku, Tokyo, JPN, 107-0052
M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain.
86GF Score

Get the complete analysis for MTHRY

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

$5.45
Price
$7.68
GF Value