Moriya (TSE:1798) E10: 円126.97 (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.
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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.

TSE:1798 Moriya Corp TSE:1798
71 GF Score
Price 円1,076.00
GF Value 円893.29
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Moriya E10?

Moriya TSE:1798 +2.09% 71 E10 is 円126.97 as of Mar. 2026. GuruFocus rates TSE:1798 with a GF Score™ of 71/100 and a GF Value™ of 円893.29 (Modestly Overvalued). The stock has 2 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.

Moriya's adjusted earnings per share data for the three months ended in Mar. 2026 was 円43.727. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円126.97 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 13.80% 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 Moriya was 29.60% per year. The lowest was 8.30% per year. And the median was 16.00% per year.

As of today (2026-08-30), Moriya's current stock price is 円1076.00. Moriya's E10 for the quarter that ended in Mar. 2026 was 円126.97. Moriya's Shiller PE Ratio of today is 8.47.

During the past 13 years, the highest Shiller PE Ratio of Moriya was 11.84. The lowest was 5.02. And the median was 8.42.


Moriya  (TSE:1798) 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.

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

Shiller PE Ratio=Share Price/E10
=1076.00/126.97
=8.47

* 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 Moriya was 11.84. The lowest was 5.02. And the median was 8.42.


Be Aware

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


Moriya E10 Related Terms


Moriya E10 Historical Data

* Premium members only.

The historical data trend for Moriya'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.

Moriya E10 Chart

Moriya 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 60.13 86.06 100.16 0.00 126.97

Moriya 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 115.92 124.05 129.21 126.97 0.00

TSE:1798 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Moriya'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.


Moriya Shiller PE Ratio vs Construction Industry

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

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


TSE:1798
71GF Score
Moriya Corp TSE:1798
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moriya 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, Moriya'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)
=43.727/112.7000*112.7000
=43.727

Current CPI (Mar. 2026) = 112.7000.

Moriya Quarterly Data

per share eps CPI Adj_EPS
201603 43.140 97.900 49.662
201606 19.650 98.100 22.574
201609 34.854 98.000 40.082
201612 34.042 98.400 38.989
201703 18.504 98.100 21.258
201706 9.400 98.500 10.755
201709 12.134 98.800 13.841
201712 33.172 99.400 37.611
201803 29.622 99.200 33.653
201806 18.912 99.200 21.486
201809 30.222 99.900 34.094
201812 28.952 99.700 32.727
201903 9.574 99.700 10.822
201906 4.086 99.800 4.614
201909 28.534 100.100 32.126
201912 18.118 100.500 20.317
202003 26.406 100.300 29.671
202006 22.362 99.900 25.227
202009 19.498 99.900 21.996
202012 8.150 99.300 9.250
202103 9.672 99.900 10.911
202106 29.134 99.500 32.999
202109 44.270 100.100 49.842
202112 60.632 100.100 68.264
202203 9.476 101.100 10.563
202206 25.278 101.800 27.985
202209 14.970 103.100 16.364
202212 26.320 104.100 28.494
202303 15.559 104.400 16.796
202306 23.776 105.200 25.471
202309 53.183 106.200 56.438
202312 25.954 106.800 27.388
202403 43.520 107.200 45.753
202406 22.960 108.200 23.915
202409 32.302 108.900 33.429
202503 0.000 111.100 0.000
202506 67.834 111.700 68.441
202509 86.976 112.000 87.520
202512 53.068 113.000 52.927
202603 43.727 112.700 43.727

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126.97 mean?
Moriya (TSE:1798) has a E10 of 円126.97 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Moriya and its competitors.
Is Moriya's E10 too high?
Moriya's current E10 is 円126.97. Overall, Moriya has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Moriya's E10 compare to PWR and FIX?
Moriya's E10 of 円126.97 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 Moriya and its competitors. Moriya's current E10 is 円126.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moriya stock overvalued right now?
Based on GuruFocus' analysis, Moriya (TSE:1798) is currently considered Modestly Overvalued. The stock's GF Value™ is 円893.29, compared to a current price of 円1,076.00 — trading 20.5% above its estimated fair value. The current E10 is 円126.97. Moriya's overall GF Score™ is 71/100 with 2 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 Moriya (TSE:1798), the current E10 is 円126.97 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 Moriya (TSE:1798) Overvalued in 2026?

Based on GuruFocus' analysis, Moriya stock appears to be overvalued. The current stock price of 円1,076.00 is trading 20.5% above its estimated GF Value™ of 円893.29. GuruFocus considers Moriya to be Modestly Overvalued.

Key valuation signals for TSE:1798:

  • E10: 円126.97
  • GF Value™: 円893.29 vs. price of 円1,076.00 (20.5% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the TSE:1798 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moriya Business Description

Address 878 Minamichitosemachi, Nagano, JPN, 380-8533
Moriya Corp is a general contractor based in Nagano. It constructs commercial, institutional, and residential buildings such as sports facilities, schools, and apartments; as well as civil projects, such as dams, roads, tunnels, and bridges.
71GF Score

Get the complete analysis for TSE:1798

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

円1,076.00
Price
円893.29
GF Value