Tomoe (SSE:1921) E10: 円117.06 (As of Mar. 2026)

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Vera Yuan
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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.

SSE:1921 Tomoe Corp SSE:1921
61 GF Score
Price 円2,024.00
GF Value 円1,097.84
! 5 Warning Signs
View Full Analysis

What is Tomoe E10?

Tomoe SSE:1921 61 E10 is 円117.06 as of Mar. 2026. GuruFocus rates SSE:1921 with a GF Score™ of 61/100 and a GF Value™ of 円1,097.84. The stock has 5 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.

Tomoe's adjusted earnings per share data for the three months ended in Mar. 2026 was 円126.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円117.06 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 25.00% 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 Tomoe was 25.00% per year. The lowest was 11.30% per year. And the median was 17.60% per year.

As of today (2026-08-20), Tomoe's current stock price is 円2024.00. Tomoe's E10 for the quarter that ended in Mar. 2026 was 円117.06. Tomoe's Shiller PE Ratio of today is 17.29.

During the past 13 years, the highest Shiller PE Ratio of Tomoe was 21.61. The lowest was 6.45. And the median was 10.76.


Tomoe  (SSE:1921) 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.

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

Shiller PE Ratio=Share Price/E10
=2024.00/117.06
=17.29

* 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 Tomoe was 21.61. The lowest was 6.45. And the median was 10.76.


Be Aware

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


Tomoe E10 Related Terms


Tomoe E10 Historical Data

* Premium members only.

The historical data trend for Tomoe'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.

Tomoe E10 Chart

Tomoe 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 35.07 52.41 33.64 0.00 117.06

Tomoe Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 29.03 26.06 104.46 117.06 0.00

SSE:1921 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Tomoe'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.


Tomoe Shiller PE Ratio vs Construction Industry

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

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


SSE:1921
61GF Score
Tomoe Corp SSE:1921
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tomoe 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, Tomoe'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)
=126.08/112.7000*112.7000
=126.080

Current CPI (Mar. 2026) = 112.7000.

Tomoe Quarterly Data

per share eps CPI Adj_EPS
201603 15.890 97.900 18.292
201606 9.910 98.100 11.385
201609 16.967 98.000 19.512
201612 12.598 98.400 14.429
201703 24.510 98.100 28.158
201706 13.960 98.500 15.973
201709 14.453 98.800 16.486
201712 20.400 99.400 23.130
201803 25.057 99.200 28.467
201806 14.620 99.200 16.610
201809 5.970 99.900 6.735
201812 37.800 99.700 42.729
201903 19.570 99.700 22.122
201906 2.880 99.800 3.252
201909 16.494 100.100 18.570
201912 3.966 100.500 4.447
202003 27.750 100.300 31.181
202006 6.070 99.900 6.848
202009 6.458 99.900 7.285
202012 12.340 99.300 14.005
202103 17.548 99.900 19.796
202106 23.480 99.500 26.595
202109 12.900 100.100 14.524
202112 23.601 100.100 26.572
202203 9.650 101.100 10.757
202206 18.720 101.800 20.724
202209 9.330 103.100 10.199
202212 24.222 104.100 26.223
202303 27.905 104.400 30.124
202306 16.410 105.200 17.580
202309 18.080 106.200 19.187
202312 16.960 106.800 17.897
202403 17.850 107.200 18.766
202406 21.490 108.200 22.384
202409 310.700 108.900 321.542
202503 0.000 111.100 0.000
202506 18.920 111.700 19.089
202509 5.550 112.000 5.585
202512 19.510 113.000 19.458
202603 126.080 112.700 126.080

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117.06 mean?
Tomoe (SSE:1921) has a E10 of 円117.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tomoe and its competitors.
Is Tomoe's E10 too high?
Tomoe's current E10 is 円117.06. Overall, Tomoe has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Tomoe's E10 compare to PWR and FIX?
Tomoe's E10 of 円117.06 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Tomoe and its competitors. Tomoe's current E10 is 円117.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoe stock overvalued right now?
Tomoe (SSE:1921) has a current E10 of 円117.06. The stock's GF Value™ is 円1,097.84, compared to a current price of 円2,024.00 — trading 84.4% above its estimated fair value. The current E10 is 円117.06. Tomoe's overall GF Score™ is 61/100 with 5 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 Tomoe (SSE:1921), the current E10 is 円117.06 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 Tomoe (SSE:1921) Overvalued in 2026?

Based on GuruFocus' analysis, Tomoe stock appears to be overvalued. The current stock price of 円2,024.00 is trading 84.4% above its estimated GF Value™ of 円1,097.84.

Key valuation signals for SSE:1921:

  • E10: 円117.06
  • GF Value™: 円1,097.84 vs. price of 円2,024.00 (84.4% above fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the SSE:1921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tomoe Business Description

Other Exchanges 1921:Japan
Address 4-6-2 Kachidoki, Chuo- ku, Tokyo, JPN, 104-0054
Tomoe Corp is engaged in the construction, steel structure, and real estate businesses in Japan. It is engaged in the design, manufacture, construction of three-dimensional structures, bridges, steel frames, steel towers, and planning, design, construction of general construction work. In Real estate business it is engaged in the real estate sales, management, leasing, and mediation of these. Its segment include: Steel Construction Business; and Real Estate Business.
61GF Score

Get the complete analysis for SSE:1921

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

円2,024.00
Price
円1,097.84
GF Value