Daiho (TSE:1822) E10: 円61.47 (As of Mar. 2026)

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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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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:1822 Daiho Corp TSE:1822
59 GF Score
Price 円827.00
GF Value 円729.08
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Daiho E10?

Daiho TSE:1822 -0.24% 59 E10 is 円61.47 as of Mar. 2026. GuruFocus rates TSE:1822 with a GF Score™ of 59/100 and a GF Value™ of 円729.08 (Modestly Overvalued). The stock has 7 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.

Daiho's adjusted earnings per share data for the three months ended in Mar. 2026 was 円24.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円61.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Daiho's average E10 Growth Rate was -2.50% per year. During the past 3 years, the average E10 Growth Rate was -2.80% per year. During the past 5 years, the average E10 Growth Rate was 3.50% 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 Daiho was 27.10% per year. The lowest was -2.80% per year. And the median was 11.10% per year.

As of today (2026-09-04), Daiho's current stock price is 円827.00. Daiho's E10 for the quarter that ended in Mar. 2026 was 円61.47. Daiho's Shiller PE Ratio of today is 13.45.

During the past 13 years, the highest Shiller PE Ratio of Daiho was 31.55. The lowest was 8.56. And the median was 13.42.


Daiho  (TSE:1822) 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.

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

Shiller PE Ratio=Share Price/E10
=827.00/61.47
=13.45

* 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 Daiho was 31.55. The lowest was 8.56. And the median was 13.42.


Be Aware

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


Daiho E10 Related Terms


Daiho E10 Historical Data

* Premium members only.

The historical data trend for Daiho'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.

Daiho E10 Chart

Daiho 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 57.29 67.04 63.52 63.04 61.47

Daiho Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 67.02 60.30 60.99 61.47 0.00

TSE:1822 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Daiho'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.


Daiho Shiller PE Ratio vs Construction Industry

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

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


TSE:1822
59GF Score
Daiho Corp TSE:1822
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiho 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, Daiho'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)
=24.79/112.7000*112.7000
=24.790

Current CPI (Mar. 2026) = 112.7000.

Daiho Quarterly Data

per share eps CPI Adj_EPS
201606 8.730 98.100 10.029
201609 20.300 98.000 23.345
201612 23.390 98.400 26.789
201703 28.330 98.100 32.546
201706 12.420 98.500 14.210
201709 14.346 98.800 16.364
201712 42.374 99.400 48.044
201803 20.914 99.200 23.760
201806 4.396 99.200 4.994
201809 27.428 99.900 30.942
201812 20.644 99.700 23.336
201903 18.098 99.700 20.458
201906 4.820 99.800 5.443
201909 17.154 100.100 19.313
201912 19.248 100.500 21.585
202003 37.190 100.300 41.788
202006 6.018 99.900 6.789
202009 12.826 99.900 14.469
202012 16.288 99.300 18.486
202103 30.142 99.900 34.004
202106 4.738 99.500 5.367
202109 8.854 100.100 9.968
202112 18.886 100.100 21.263
202203 32.794 101.100 36.557
202206 14.394 101.800 15.935
202209 1.982 103.100 2.167
202212 -4.616 104.100 -4.997
202303 20.734 104.400 22.382
202306 7.566 105.200 8.105
202309 -7.504 106.200 -7.963
202312 -11.694 106.800 -12.340
202403 -11.960 107.200 -12.574
202406 -0.676 108.200 -0.704
202409 6.186 108.900 6.402
202412 16.142 110.700 16.434
202503 20.138 111.100 20.428
202506 43.440 111.700 43.829
202509 -42.950 112.000 -43.218
202512 26.290 113.000 26.220
202603 24.790 112.700 24.790

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61.47 mean?
Daiho (TSE:1822) has a E10 of 円61.47 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Daiho and its competitors.
Is Daiho's E10 too high?
Daiho's current E10 is 円61.47. Overall, Daiho has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiho's E10 compare to PWR and FIX?
Daiho's E10 of 円61.47 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 Daiho and its competitors. Daiho's current E10 is 円61.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiho stock overvalued right now?
Based on GuruFocus' analysis, Daiho (TSE:1822) is currently considered Modestly Overvalued. The stock's GF Value™ is 円729.08, compared to a current price of 円827.00 — trading 13.4% above its estimated fair value. The current E10 is 円61.47. Daiho's overall GF Score™ is 59/100 with 7 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 Daiho (TSE:1822), the current E10 is 円61.47 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 Daiho (TSE:1822) Overvalued in 2026?

Based on GuruFocus' analysis, Daiho stock appears to be overvalued. The current stock price of 円827.00 is trading 13.4% above its estimated GF Value™ of 円729.08. GuruFocus considers Daiho to be Modestly Overvalued.

Key valuation signals for TSE:1822:

  • E10: 円61.47
  • GF Value™: 円729.08 vs. price of 円827.00 (13.4% above fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the TSE:1822 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiho Business Description

Address 24-4, Shinkawa 1-Chome, Chuo-ku, Tokyo, JPN, 104-8289
Daiho Corp is engaged in the activity of engineering and construction. It builds and engineers hydroelectric dams, expressway, harbor, subway and foundation works for large structures. The company has three segments namely Civil engineering, Building construction and Other. Civil engineering segment consists of dam, seaports, fishery ports, large bridge foundations and railways. Building construction segment comprises offices, warehouse factory, retail shops, accommodation, education and cultural and medical welfare buildings, sports and leisure facilities, environmental protection cleaning facilities, economic zones. Other segment covers rehabilitation projects, hospitals and repairing work. The company operates in Japan, Taiwan, Thailand, Malaysia, Madagascar, Cambodia.
59GF Score

Get the complete analysis for TSE:1822

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

円827.00
Price
円729.08
GF Value