Sala (NGO:2734) E10: 円77.31 (As of May. 2026)

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.
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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.

NGO:2734 Sala Corp NGO:2734
59 GF Score
Price 円809.00
GF Value 円634.16
! 3 Warning Signs
View Full Analysis

What is Sala E10?

Sala NGO:2734 59 E10 is 円77.31 as of May. 2026. GuruFocus rates NGO:2734 with a GF Score™ of 59/100 and a GF Value™ of 円634.16. 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.

Sala's adjusted earnings per share data for the three months ended in May. 2026 was 円37.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円77.31 for the trailing ten years ended in May. 2026.

During the past 3 years, the average E10 Growth Rate was 8.30% per year. During the past 5 years, the average E10 Growth Rate was 10.10% 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 Sala was 16.10% per year. The lowest was 8.30% per year. And the median was 11.50% per year.

As of today (2026-07-13), Sala's current stock price is 円809.00. Sala's E10 for the quarter that ended in May. 2026 was 円77.31. Sala's Shiller PE Ratio of today is 10.46.

During the past 13 years, the highest Shiller PE Ratio of Sala was 19.04. The lowest was 8.44. And the median was 10.71.


Sala  (NGO:2734) 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.

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

Shiller PE Ratio=Share Price/E10
=809.00/77.31
=10.46

* 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 Sala was 19.04. The lowest was 8.44. And the median was 10.71.


Be Aware

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


Sala E10 Related Terms


Sala E10 Historical Data

* Premium members only.

The historical data trend for Sala'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.

Sala E10 Chart

Sala Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.47 69.54 78.02 0.00 58.56

Sala Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 67.10 58.56 57.96 77.31

NGO:2734 vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, Sala'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.


Sala Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sala's Shiller PE Ratio distribution charts can be found below:

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


NGO:2734
59GF Score
Sala Corp NGO:2734
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sala 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, Sala's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=37.76/113.5000*113.5000
=37.760

Current CPI (May. 2026) = 113.5000.

Sala Quarterly Data

per share eps CPI Adj_EPS
201602 23.050 97.800 26.750
201605 35.820 98.200 41.401
201608 144.330 97.900 167.328
201611 -98.150 98.600 -112.982
201702 28.490 98.100 32.962
201705 38.725 98.600 44.577
201708 -8.960 98.500 -10.324
201711 -14.540 99.100 -16.653
201802 17.680 99.500 20.168
201805 37.096 99.300 42.401
201808 -1.180 99.800 -1.342
201811 6.000 100.000 6.810
201902 24.370 99.700 27.743
201905 38.790 100.000 44.027
201908 5.050 100.000 5.732
201911 10.730 100.500 12.118
202002 32.660 100.300 36.958
202005 41.660 100.100 47.237
202008 -1.150 100.100 -1.304
202011 -17.310 99.500 -19.746
202102 31.380 99.800 35.688
202105 44.130 99.400 50.390
202108 5.990 99.700 6.819
202111 1.630 100.100 1.848
202202 35.230 100.700 39.708
202205 40.130 101.800 44.742
202208 8.580 102.700 9.482
202211 5.180 103.900 5.659
202302 30.590 104.000 33.384
202305 43.780 105.100 47.279
202308 2.390 105.900 2.562
202311 18.700 106.900 19.855
202402 30.300 106.900 32.171
202405 36.882 108.100 38.724
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202508 15.320 112.100 15.511
202511 13.000 113.200 13.034
202602 49.660 112.200 50.235
202605 37.760 113.500 37.760

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77.31 mean?
Sala (NGO:2734) has a E10 of 円77.31 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sala and its competitors.
Is Sala's E10 too high?
Sala's current E10 is 円77.31. Overall, Sala has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Sala's E10 compare to HON and MMM?
Sala's E10 of 円77.31 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Sala and its competitors. Sala's current E10 is 円77.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sala stock overvalued right now?
Sala (NGO:2734) has a current E10 of 円77.31. The stock's GF Value™ is 円634.16, compared to a current price of 円809.00 — trading 27.6% above its estimated fair value. The current E10 is 円77.31. Sala's overall GF Score™ is 59/100 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 Sala (NGO:2734), the current E10 is 円77.31 as of May. 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 Sala (NGO:2734) Overvalued in 2026?

Based on GuruFocus' analysis, Sala stock appears to be overvalued. The current stock price of 円809.00 is trading 27.6% above its estimated GF Value™ of 円634.16.

Key valuation signals for NGO:2734:

  • E10: 円77.31
  • GF Value™: 円634.16 vs. price of 円809.00 (27.6% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the NGO:2734 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sala Business Description

Other Exchanges 2734:Japan
Address Sala Tower, 1-55 Ekimae-odori, Aichi Prefecture, Toyohashi, JPN, 440-8533
Sala Corp is a holding company engaged in the management and operation of subsidiaries. The company operates in Energy and Solutions, Car Life Support, Housing, Engineering and Maintenance, Animal Health Care, and Properties businesses.
59GF Score

Get the complete analysis for NGO:2734

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

円809.00
Price
円634.16
GF Value