OTEC (TSE:1736) E10: 円106.39 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:1736 OTEC Corp TSE:1736
73 GF Score
Price 円2,427.00
GF Value 円1,462.45
Valuation Significantly Overvalued
View Full Analysis

What is OTEC E10?

OTEC TSE:1736 +1.25% 73 E10 is 円106.39 as of Mar. 2026. GuruFocus rates TSE:1736 with a GF Score™ of 73/100 and a GF Value™ of 円1,462.45 (Significantly Overvalued).

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.

OTEC's adjusted earnings per share data for the three months ended in Mar. 2026 was 円100.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円106.39 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 13.00% 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 OTEC was 14.20% per year. The lowest was 10.10% per year. And the median was 12.90% per year.

As of today (2026-08-29), OTEC's current stock price is 円2427.00. OTEC's E10 for the quarter that ended in Mar. 2026 was 円106.39. OTEC's Shiller PE Ratio of today is 22.81.

During the past 13 years, the highest Shiller PE Ratio of OTEC was 27.67. The lowest was 9.59. And the median was 14.30.


OTEC  (TSE:1736) 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.

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

Shiller PE Ratio=Share Price/E10
=2427.00/106.39
=22.81

* 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 OTEC was 27.67. The lowest was 9.59. And the median was 14.30.


Be Aware

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


OTEC E10 Related Terms


OTEC E10 Historical Data

* Premium members only.

The historical data trend for OTEC'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.

OTEC E10 Chart

OTEC 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 67.49 73.81 80.85 0.00 106.39

OTEC 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 87.10 93.09 98.09 106.39 0.00

TSE:1736 vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, OTEC'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.


OTEC Shiller PE Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, OTEC's Shiller PE Ratio distribution charts can be found below:

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


TSE:1736
73GF Score
OTEC Corp TSE:1736
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OTEC 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, OTEC'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)
=100.91/112.7000*112.7000
=100.910

Current CPI (Mar. 2026) = 112.7000.

OTEC Quarterly Data

per share eps CPI Adj_EPS
201603 38.207 97.900 43.983
201606 2.780 98.100 3.194
201609 11.873 98.000 13.654
201612 17.813 98.400 20.402
201703 35.945 98.100 41.295
201706 -0.283 98.500 -0.324
201709 9.950 98.800 11.350
201712 17.044 99.400 19.325
201803 39.633 99.200 45.027
201806 3.913 99.200 4.446
201809 13.189 99.900 14.879
201812 17.307 99.700 19.564
201903 39.530 99.700 44.684
201906 9.117 99.800 10.295
201909 30.937 100.100 34.831
201912 21.777 100.500 24.421
202003 41.048 100.300 46.123
202006 5.257 99.900 5.931
202009 25.598 99.900 28.878
202012 16.623 99.300 18.866
202103 36.739 99.900 41.446
202106 5.457 99.500 6.181
202109 16.379 100.100 18.441
202112 23.897 100.100 26.905
202203 39.972 101.100 44.558
202206 -3.620 101.800 -4.008
202209 7.103 103.100 7.764
202212 25.013 104.100 27.079
202303 51.090 104.400 55.152
202306 1.170 105.200 1.253
202309 20.551 106.200 21.809
202312 40.450 106.800 42.685
202403 28.237 107.200 29.686
202406 3.170 108.200 3.302
202409 28.750 108.900 29.753
202503 0.000 111.100 0.000
202506 25.040 111.700 25.264
202509 53.800 112.000 54.136
202512 54.310 113.000 54.166
202603 100.910 112.700 100.910

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106.39 mean?
OTEC (TSE:1736) has a E10 of 円106.39 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on OTEC and its competitors.
Is OTEC's E10 too high?
OTEC's current E10 is 円106.39. Overall, OTEC has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OTEC's E10 compare to GWW and FAST?
OTEC's E10 of 円106.39 can be compared against companies in the Industrial Distribution 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 an Industrial Distribution company?
A good E10 depends on the Industrial Distribution 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 OTEC and its competitors. OTEC's current E10 is 円106.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OTEC stock overvalued right now?
Based on GuruFocus' analysis, OTEC (TSE:1736) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,462.45, compared to a current price of 円2,427.00 — trading 66% above its estimated fair value. The current E10 is 円106.39. OTEC's overall GF Score™ is 73/100. 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 OTEC (TSE:1736), the current E10 is 円106.39 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 OTEC (TSE:1736) Overvalued in 2026?

Based on GuruFocus' analysis, OTEC stock appears to be overvalued. The current stock price of 円2,427.00 is trading 66% above its estimated GF Value™ of 円1,462.45. GuruFocus considers OTEC to be Significantly Overvalued.

Key valuation signals for TSE:1736:

  • E10: 円106.39
  • GF Value™: 円1,462.45 vs. price of 円2,427.00 (66% above fair value)
  • GF Score™: 73/100

No single metric tells the full story. See the TSE:1736 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OTEC Business Description

Address 2-4-2 Toyo, Koto-ku, Tokyo, JPN, 135-0016
OTEC Corp operates as industrial distributor. The company is engaged in tubular materials business, system business, and environmental equipment business. The products of the company include tubing, fittings, valves, ball cleaning system, scale removal system, and cool roof.
73GF Score

Get the complete analysis for TSE:1736

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

円2,427.00
Price
円1,462.45
GF Value