Alpen Co (NGO:3028) E10: 円104.33 (As of Mar. 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.
Reviewed by: Charlie Tian Charlie Tian
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:3028 Alpen Co Ltd NGO:3028
70 GF Score
Price 円2,005.00
GF Value 円2,039.98
! 4 Warning Signs
View Full Analysis

What is Alpen Co E10?

Alpen Co NGO:3028 70 E10 is 円104.33 as of Mar. 2026. GuruFocus rates NGO:3028 with a GF Score™ of 70/100 and a GF Value™ of 円2,039.98. 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.

Alpen Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円22.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円104.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alpen Co's average E10 Growth Rate was -100.00% 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 Alpen Co was 8.40% per year. The lowest was -9.60% per year. And the median was 0.90% per year.

As of today (2026-08-16), Alpen Co's current stock price is 円2005.00. Alpen Co's E10 for the quarter that ended in Mar. 2026 was 円104.33. Alpen Co's Shiller PE Ratio of today is 19.22.

During the past 13 years, the highest Shiller PE Ratio of Alpen Co was 49.69. The lowest was 18.95. And the median was 27.22.


Alpen Co  (NGO:3028) 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.

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

Shiller PE Ratio=Share Price/E10
=2005.00/104.33
=19.22

* 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 Alpen Co was 49.69. The lowest was 18.95. And the median was 27.22.


Be Aware

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


Alpen Co E10 Related Terms


Alpen Co E10 Historical Data

* Premium members only.

The historical data trend for Alpen 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.

Alpen Co E10 Chart

Alpen Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 131.90 78.44 69.13 73.99 0.00

Alpen Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 73.99 72.99 87.22 104.33 0.00

NGO:3028 vs CASY, WSM, ULTA: E10 Comparison

For the Specialty Retail subindustry, Alpen 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.


Alpen Co Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alpen Co's Shiller PE Ratio distribution charts can be found below:

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


NGO:3028
70GF Score
Alpen Co Ltd NGO:3028
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpen 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, Alpen 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)
=22.8/112.7000*112.7000
=22.800

Current CPI (Mar. 2026) = 112.7000.

Alpen Co Quarterly Data

per share eps CPI Adj_EPS
201606 -65.790 98.100 -75.581
201609 29.590 98.000 34.029
201612 20.624 98.400 23.621
201703 -13.710 98.100 -15.750
201706 31.195 98.500 35.692
201709 28.500 98.800 32.510
201712 28.690 99.400 32.529
201803 -34.875 99.200 -39.621
201806 26.570 99.200 30.186
201809 -7.350 99.900 -8.292
201812 20.698 99.700 23.397
201903 -69.710 99.700 -78.800
201906 33.245 99.800 37.542
201909 8.440 100.100 9.502
201912 50.210 100.500 56.305
202003 -71.069 100.300 -79.855
202006 10.660 99.900 12.026
202009 86.150 99.900 97.188
202012 113.650 99.300 128.986
202103 12.900 99.900 14.553
202106 62.213 99.500 70.466
202109 21.710 100.100 24.443
202112 88.860 100.100 100.045
202203 -27.298 101.100 -30.430
202206 51.570 101.800 57.092
202209 4.060 103.100 4.438
202212 76.530 104.100 82.852
202303 -4.992 104.400 -5.389
202306 65.760 105.200 70.448
202309 -6.370 106.200 -6.760
202312 30.876 106.800 32.582
202403 -21.280 107.200 -22.372
202406 41.722 108.200 43.457
202409 20.870 108.900 21.598
202412 75.000 110.700 76.355
202503 20.870 111.100 21.171
202506 27.870 111.700 28.120
202509 15.720 112.000 15.818
202512 55.930 113.000 55.782
202603 22.800 112.700 22.800

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104.33 mean?
Alpen Co (NGO:3028) has a E10 of 円104.33 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alpen Co and its competitors.
Is Alpen Co's E10 too high?
Alpen Co's current E10 is 円104.33. Overall, Alpen Co has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Alpen Co's E10 compare to CASY and WSM?
Alpen Co's E10 of 円104.33 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Alpen Co and its competitors. Alpen Co's current E10 is 円104.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpen Co stock overvalued right now?
Alpen Co (NGO:3028) has a current E10 of 円104.33. The stock's GF Value™ is 円2,039.98, compared to a current price of 円2,005.00 — trading 1.7% below its estimated fair value. The current E10 is 円104.33. Alpen Co's overall GF Score™ is 70/100 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 Alpen Co (NGO:3028), the current E10 is 円104.33 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 Alpen Co (NGO:3028) Overvalued in 2026?

Based on GuruFocus' analysis, Alpen Co stock appears to be undervalued. The current stock price of 円2,005.00 is trading 1.7% below its estimated GF Value™ of 円2,039.98.

Key valuation signals for NGO:3028:

  • E10: 円104.33
  • GF Value™: 円2,039.98 vs. price of 円2,005.00 (1.7% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the NGO:3028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alpen Co Business Description

Other Exchanges 3028:Japan
Address Alpen Marunouchi Tower, 9-40, 2-chome, Marunouchi, Naka-ku, Nagoya-shi, Aichi, JPN, 460-8637
Alpen Co Ltd is a Japan-based specialty retailer that is primarily engaged in the production and sale of sports products. The company's products consist of sports equipment, apparel, accessories, dietary supplements, and other items. The company operates through three store formats, including Alpen, focusing on products related to winter sports; Golf 5, primarily providing golf-related sports products; Sports Depo, which offers all kinds of sporting goods. The Sports Depo accounts for around half of the company's total revenue. The company runs a nationwide retail network across Japan.
70GF Score

Get the complete analysis for NGO:3028

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

円2,005.00
Price
円2,039.98
GF Value