Matsui Construction Co (TSE:1810) E10: 円108.67 (As of Mar. 2026)

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TSE:1810 Matsui Construction Co Ltd TSE:1810
62 GF Score
Price 円1,443.00
GF Value 円910.16
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Matsui Construction Co E10?

Matsui Construction Co TSE:1810 62 E10 is 円108.67 as of Mar. 2026. GuruFocus rates TSE:1810 with a GF Score™ of 62/100 and a GF Value™ of 円910.16 (Significantly Overvalued). The stock has 3 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.

Matsui Construction Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円24.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円108.67 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 5.30% 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 Matsui Construction Co was 13.10% per year. The lowest was 5.30% per year. And the median was 7.60% per year.

As of today (2026-09-09), Matsui Construction Co's current stock price is 円1443.00. Matsui Construction Co's E10 for the quarter that ended in Mar. 2026 was 円108.67. Matsui Construction Co's Shiller PE Ratio of today is 13.28.

During the past 13 years, the highest Shiller PE Ratio of Matsui Construction Co was 17.85. The lowest was 5.87. And the median was 9.21.


Matsui Construction Co  (TSE:1810) 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.

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

Shiller PE Ratio=Share Price/E10
=1443.00/108.67
=13.28

* 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 Matsui Construction Co was 17.85. The lowest was 5.87. And the median was 9.21.


Be Aware

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


Matsui Construction Co E10 Related Terms


Matsui Construction Co E10 Historical Data

* Premium members only.

The historical data trend for Matsui Construction 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.

Matsui Construction Co E10 Chart

Matsui Construction 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 86.59 92.96 96.35 0.00 108.67

Matsui Construction Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 102.70 104.54 109.53 108.67 0.00

TSE:1810 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Matsui Construction 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.


Matsui Construction Co Shiller PE Ratio vs Construction Industry

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

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


TSE:1810
62GF Score
Matsui Construction Co Ltd TSE:1810
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matsui Construction 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, Matsui Construction 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)
=24.73/112.7000*112.7000
=24.730

Current CPI (Mar. 2026) = 112.7000.

Matsui Construction Co Quarterly Data

per share eps CPI Adj_EPS
201512 46.400 98.100 53.306
201603 35.380 97.900 40.729
201606 25.930 98.100 29.789
201609 40.750 98.000 46.863
201612 45.810 98.400 52.467
201703 31.350 98.100 36.016
201706 27.430 98.500 31.384
201709 26.457 98.800 30.179
201712 32.879 99.400 37.278
201803 31.760 99.200 36.082
201806 49.680 99.200 56.441
201809 28.540 99.900 32.197
201812 21.420 99.700 24.213
201903 21.460 99.700 24.258
201906 24.320 99.800 27.464
201909 11.239 100.100 12.654
201912 29.640 100.500 33.238
202003 18.650 100.300 20.956
202006 27.990 99.900 31.576
202009 11.620 99.900 13.109
202012 18.040 99.300 20.474
202103 16.134 99.900 18.201
202106 16.680 99.500 18.893
202109 13.499 100.100 15.198
202112 21.919 100.100 24.678
202203 6.820 101.100 7.603
202206 9.130 101.800 10.108
202209 18.197 103.100 19.891
202212 30.958 104.100 33.516
202303 -0.814 104.400 -0.879
202306 9.740 105.200 10.434
202309 14.100 106.200 14.963
202312 4.086 106.800 4.312
202403 11.900 107.200 12.511
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 32.690 111.700 32.983
202509 35.690 112.000 35.913
202512 58.760 113.000 58.604
202603 24.730 112.700 24.730

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108.67 mean?
Matsui Construction Co (TSE:1810) has a E10 of 円108.67 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Matsui Construction Co and its competitors.
Is Matsui Construction Co's E10 too high?
Matsui Construction Co's current E10 is 円108.67. Overall, Matsui Construction Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matsui Construction Co's E10 compare to PWR and FIX?
Matsui Construction Co's E10 of 円108.67 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 Matsui Construction Co and its competitors. Matsui Construction Co's current E10 is 円108.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsui Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Matsui Construction Co (TSE:1810) is currently considered Significantly Overvalued. The stock's GF Value™ is 円910.16, compared to a current price of 円1,443.00 — trading 58.5% above its estimated fair value. The current E10 is 円108.67. Matsui Construction Co's overall GF Score™ is 62/100 with 3 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 Matsui Construction Co (TSE:1810), the current E10 is 円108.67 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 Matsui Construction Co (TSE:1810) Overvalued in 2026?

Based on GuruFocus' analysis, Matsui Construction Co stock appears to be overvalued. The current stock price of 円1,443.00 is trading 58.5% above its estimated GF Value™ of 円910.16. GuruFocus considers Matsui Construction Co to be Significantly Overvalued.

Key valuation signals for TSE:1810:

  • E10: 円108.67
  • GF Value™: 円910.16 vs. price of 円1,443.00 (58.5% above fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the TSE:1810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matsui Construction Co Business Description

Address 1-17-22 Shinkawa, Chuo-ku, Tokyo, JPN, 104-8281
Matsui Construction Co Ltd is engaged in the designing, supervision and contracting of civil engineering and architecture, sawing and wood working, manufacturing and sale of building materials and others.
62GF Score

Get the complete analysis for TSE:1810

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

円1,443.00
Price
円910.16
GF Value