Ecomic Co (SSE:3802) E10: 円41.96 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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SSE:3802 Ecomic Co Ltd SSE:3802
79 GF Score
Price 円772.50
GF Value 円743.80
! 5 Warning Signs
View Full Analysis

What is Ecomic Co E10?

Ecomic Co SSE:3802 79 E10 is 円41.96 as of Mar. 2026. GuruFocus rates SSE:3802 with a GF Score™ of 79/100 and a GF Value™ of 円743.80. 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.

Ecomic Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円12.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円41.96 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.40% 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 Ecomic Co was 7.40% per year. The lowest was 7.40% per year. And the median was 7.40% per year.

As of today (2026-08-18), Ecomic Co's current stock price is 円772.50. Ecomic Co's E10 for the quarter that ended in Mar. 2026 was 円41.96. Ecomic Co's Shiller PE Ratio of today is 18.41.

During the past 13 years, the highest Shiller PE Ratio of Ecomic Co was 28.51. The lowest was 16.99. And the median was 19.85.


Ecomic Co  (SSE:3802) 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.

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

Shiller PE Ratio=Share Price/E10
=772.50/41.96
=18.41

* 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 Ecomic Co was 28.51. The lowest was 16.99. And the median was 19.85.


Be Aware

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


Ecomic Co E10 Related Terms


Ecomic Co E10 Historical Data

* Premium members only.

The historical data trend for Ecomic 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.

Ecomic Co E10 Chart

Ecomic 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 0.00 30.39 42.23 0.00 41.96

Ecomic Co 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 35.58 29.74 42.12 41.96 0.00

SSE:3802 vs CTAS, CPRT, GPN: E10 Comparison

For the Specialty Business Services subindustry, Ecomic 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.


Ecomic Co Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Ecomic Co's Shiller PE Ratio distribution charts can be found below:

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


SSE:3802
79GF Score
Ecomic Co Ltd SSE:3802
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecomic 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, Ecomic 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)
=12.29/112.7000*112.7000
=12.290

Current CPI (Mar. 2026) = 112.7000.

Ecomic Co Quarterly Data

per share eps CPI Adj_EPS
201603 7.535 97.900 8.674
201606 6.970 98.100 8.007
201609 -3.820 98.000 -4.393
201612 17.610 98.400 20.169
201703 1.210 98.100 1.390
201706 -1.615 98.500 -1.848
201709 -4.202 98.800 -4.793
201712 5.925 99.400 6.718
201803 16.595 99.200 18.853
201806 1.175 99.200 1.335
201809 -2.980 99.900 -3.362
201812 15.273 99.700 17.264
201903 10.385 99.700 11.739
201906 1.765 99.800 1.993
201909 -3.417 100.100 -3.847
201912 25.565 100.500 28.668
202003 6.650 100.300 7.472
202006 -2.200 99.900 -2.482
202009 -8.380 99.900 -9.454
202012 29.530 99.300 33.515
202103 7.710 99.900 8.698
202106 -5.530 99.500 -6.264
202109 -15.260 100.100 -17.181
202112 50.498 100.100 56.854
202203 0.010 101.100 0.011
202206 -8.570 101.800 -9.488
202209 -18.850 103.100 -20.605
202212 58.553 104.100 63.390
202303 13.410 104.400 14.476
202306 -8.530 105.200 -9.138
202309 -22.940 106.200 -24.344
202312 66.749 106.800 70.436
202403 -2.500 107.200 -2.628
202406 -13.080 108.200 -13.624
202409 -24.120 108.900 -24.962
202503 0.000 111.100 0.000
202506 -11.300 111.700 -11.401
202509 -16.560 112.000 -16.664
202512 39.850 113.000 39.744
202603 12.290 112.700 12.290

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41.96 mean?
Ecomic Co (SSE:3802) has a E10 of 円41.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ecomic Co and its competitors.
Is Ecomic Co's E10 too high?
Ecomic Co's current E10 is 円41.96. Overall, Ecomic Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ecomic Co's E10 compare to CTAS and CPRT?
Ecomic Co's E10 of 円41.96 can be compared against companies in the Business 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 Business Services company?
A good E10 depends on the Business 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 Ecomic Co and its competitors. Ecomic Co's current E10 is 円41.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomic Co stock overvalued right now?
Ecomic Co (SSE:3802) has a current E10 of 円41.96. The stock's GF Value™ is 円743.80, compared to a current price of 円772.50 — trading 3.9% above its estimated fair value. The current E10 is 円41.96. Ecomic Co's overall GF Score™ is 79/100 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 Ecomic Co (SSE:3802), the current E10 is 円41.96 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 Ecomic Co (SSE:3802) Overvalued in 2026?

Based on GuruFocus' analysis, Ecomic Co stock appears to be overvalued. The current stock price of 円772.50 is trading 3.9% above its estimated GF Value™ of 円743.80.

Key valuation signals for SSE:3802:

  • E10: 円41.96
  • GF Value™: 円743.80 vs. price of 円772.50 (3.9% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the SSE:3802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecomic Co Business Description

Other Exchanges 3802:Japan
Address Otanishi 8-chome 1-1 Asahi Life Sapporo Odori Building, Chuo-ku, Sapporo, JPN, 060-0042
Ecomic Co Ltd is a Japanese firm. It provides payroll outsourcing services. The Company develops and sells payroll calculation systems and provides salary consulting services throughout Japan. It also develops and maintains computer software and sells and operates personnel management systems.
79GF Score

Get the complete analysis for SSE:3802

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

円772.50
Price
円743.80
GF Value