Asanuma (TSE:1852) E10: 円69.19 (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.
Reviewed by: Charlie Tian Charlie Tian
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:1852 Asanuma Corp TSE:1852
53 GF Score
Price 円897.00
GF Value 円887.16
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Asanuma E10?

Asanuma TSE:1852 53 E10 is 円69.19 as of Mar. 2026. GuruFocus rates TSE:1852 with a GF Score™ of 53/100 and a GF Value™ of 円887.16 (Fairly Valued). The stock has 1 warning sign 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.

Asanuma's adjusted earnings per share data for the three months ended in Mar. 2026 was 円3.819. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円69.19 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 5.60% 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 Asanuma was 25.20% per year. The lowest was 5.60% per year. And the median was 22.60% per year.

As of today (2026-09-05), Asanuma's current stock price is 円897.00. Asanuma's E10 for the quarter that ended in Mar. 2026 was 円69.19. Asanuma's Shiller PE Ratio of today is 12.96.

During the past 13 years, the highest Shiller PE Ratio of Asanuma was 18.24. The lowest was 8.90. And the median was 12.49.


Asanuma  (TSE:1852) 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.

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

Shiller PE Ratio=Share Price/E10
=897.00/69.19
=12.96

* 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 Asanuma was 18.24. The lowest was 8.90. And the median was 12.49.


Be Aware

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


Asanuma E10 Related Terms


Asanuma E10 Historical Data

* Premium members only.

The historical data trend for Asanuma'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.

Asanuma E10 Chart

Asanuma 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 46.99 58.75 63.54 0.00 69.19

Asanuma 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 68.94 69.47 70.05 69.19 0.00

TSE:1852 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Asanuma'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.


Asanuma Shiller PE Ratio vs Construction Industry

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

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


TSE:1852
53GF Score
Asanuma Corp TSE:1852
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asanuma 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, Asanuma'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)
=3.819/112.7000*112.7000
=3.819

Current CPI (Mar. 2026) = 112.7000.

Asanuma Quarterly Data

per share eps CPI Adj_EPS
201512 13.076 98.100 15.022
201603 46.699 97.900 53.759
201606 29.510 98.100 33.902
201609 21.818 98.000 25.091
201612 27.220 98.400 31.176
201703 15.720 98.100 18.060
201706 11.250 98.500 12.872
201709 17.161 98.800 19.575
201712 20.972 99.400 23.778
201803 12.940 99.200 14.701
201806 2.306 99.200 2.620
201809 9.777 99.900 11.030
201812 9.954 99.700 11.252
201903 28.448 99.700 32.157
201906 9.791 99.800 11.057
201909 17.395 100.100 19.585
201912 13.441 100.500 15.073
202003 12.720 100.300 14.293
202006 2.037 99.900 2.298
202009 13.464 99.900 15.189
202012 21.679 99.300 24.604
202103 14.163 99.900 15.978
202106 1.654 99.500 1.873
202109 10.204 100.100 11.488
202112 10.794 100.100 12.153
202203 23.803 101.100 26.534
202206 9.440 101.800 10.451
202209 17.048 103.100 18.635
202212 9.076 104.100 9.826
202303 16.532 104.400 17.846
202306 0.402 105.200 0.431
202309 13.258 106.200 14.069
202312 6.088 106.800 6.424
202403 38.161 107.200 40.119
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 8.840 111.700 8.919
202509 29.260 112.000 29.443
202512 22.260 113.000 22.201
202603 3.819 112.700 3.819

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69.19 mean?
Asanuma (TSE:1852) has a E10 of 円69.19 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Asanuma and its competitors.
Is Asanuma's E10 too high?
Asanuma's current E10 is 円69.19. Overall, Asanuma has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asanuma's E10 compare to PWR and FIX?
Asanuma's E10 of 円69.19 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 Asanuma and its competitors. Asanuma's current E10 is 円69.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asanuma stock overvalued right now?
Based on GuruFocus' analysis, Asanuma (TSE:1852) is currently considered Fairly Valued. The stock's GF Value™ is 円887.16, compared to a current price of 円897.00 — trading 1.1% above its estimated fair value. The current E10 is 円69.19. Asanuma's overall GF Score™ is 53/100 with 1 warning sign 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 Asanuma (TSE:1852), the current E10 is 円69.19 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 Asanuma (TSE:1852) Overvalued in 2026?

Based on GuruFocus' analysis, Asanuma stock appears to be overvalued. The current stock price of 円897.00 is trading 1.1% above its estimated GF Value™ of 円887.16. GuruFocus considers Asanuma to be Fairly Valued.

Key valuation signals for TSE:1852:

  • E10: 円69.19
  • GF Value™: 円887.16 vs. price of 円897.00 (1.1% above fair value)
  • GF Score™: 53/100 with 1 warning sign

No single metric tells the full story. See the TSE:1852 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asanuma Business Description

Address 12-6 Higashikouzu-cho, Tennoji-ku, Osaka, JPN, 543-8688
Asanuma Corp is a Japan-based company operating in the engineering and construction sector. The firm is mainly engaged in the planning, design, supervision, contracting and consulting work of construction work. It undertakes projects related to regional development, urban development, ocean development, environmental improvement public office buildings, medical and social welfare facilities, education and research facilities, waste disposal facilities, roads, railroads, ports, and airports. The company is also engaged in the design, manufacture, sale, and rental of machine tools and machinery for construction work, and real estate business.
53GF Score

Get the complete analysis for TSE:1852

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

円897.00
Price
円887.16
GF Value