Mori-Gumi Co (TSE:1853) E10: 円39.66 (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:1853 Mori-Gumi Co Ltd TSE:1853
69 GF Score
Price 円329.00
GF Value 円323.09
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Mori-Gumi Co E10?

Mori-Gumi Co TSE:1853 +0.30% 69 E10 is 円39.66 as of Mar. 2026. GuruFocus rates TSE:1853 with a GF Score™ of 69/100 and a GF Value™ of 円323.09 (Fairly Valued). The stock has 4 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.

Mori-Gumi Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円14.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円39.66 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -1.20% 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 Mori-Gumi Co was 8.30% per year. The lowest was -1.20% per year. And the median was 7.40% per year.

As of today (2026-09-01), Mori-Gumi Co's current stock price is 円329.00. Mori-Gumi Co's E10 for the quarter that ended in Mar. 2026 was 円39.66. Mori-Gumi Co's Shiller PE Ratio of today is 8.30.

During the past 13 years, the highest Shiller PE Ratio of Mori-Gumi Co was 23.10. The lowest was 6.10. And the median was 8.14.


Mori-Gumi Co  (TSE:1853) 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.

Mori-Gumi Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=329.00/39.66
=8.30

* 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 Mori-Gumi Co was 23.10. The lowest was 6.10. And the median was 8.14.


Be Aware

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


Mori-Gumi Co E10 Related Terms


Mori-Gumi Co E10 Historical Data

* Premium members only.

The historical data trend for Mori-Gumi 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.

Mori-Gumi Co E10 Chart

Mori-Gumi 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 38.74 41.12 42.35 0.00 39.66

Mori-Gumi Co 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 41.40 40.80 39.91 39.66 0.00

TSE:1853 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Mori-Gumi 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.


Mori-Gumi Co Shiller PE Ratio vs Construction Industry

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

* The bar in red indicates where Mori-Gumi Co's Shiller PE Ratio falls into.


TSE:1853
69GF Score
Mori-Gumi Co Ltd TSE:1853
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori-Gumi 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, Mori-Gumi 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)
=14.7/112.7000*112.7000
=14.700

Current CPI (Mar. 2026) = 112.7000.

Mori-Gumi Co Quarterly Data

per share eps CPI Adj_EPS
201603 3.359 97.900 3.867
201606 3.720 98.100 4.274
201609 9.200 98.000 10.580
201612 11.267 98.400 12.904
201703 11.359 98.100 13.050
201706 8.920 98.500 10.206
201709 24.977 98.800 28.491
201712 15.260 99.400 17.302
201803 14.229 99.200 16.165
201806 5.880 99.200 6.680
201809 23.573 99.900 26.593
201812 22.030 99.700 24.903
201903 15.115 99.700 17.086
201906 2.220 99.800 2.507
201909 3.328 100.100 3.747
201912 7.050 100.500 7.906
202003 15.847 100.300 17.806
202006 1.000 99.900 1.128
202009 5.340 99.900 6.024
202012 13.330 99.300 15.129
202103 20.519 99.900 23.148
202106 6.080 99.500 6.887
202109 9.260 100.100 10.426
202112 9.802 100.100 11.036
202203 13.170 101.100 14.681
202206 -2.750 101.800 -3.044
202209 3.511 103.100 3.838
202212 5.460 104.100 5.911
202303 9.740 104.400 10.514
202306 0.090 105.200 0.096
202309 10.270 106.200 10.899
202312 8.240 106.800 8.695
202403 2.321 107.200 2.440
202406 1.880 108.200 1.958
202409 4.360 108.900 4.512
202503 0.000 111.100 0.000
202506 6.040 111.700 6.094
202509 -0.940 112.000 -0.946
202512 8.490 113.000 8.467
202603 14.700 112.700 14.700

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39.66 mean?
Mori-Gumi Co (TSE:1853) has a E10 of 円39.66 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mori-Gumi Co and its competitors.
Is Mori-Gumi Co's E10 too high?
Mori-Gumi Co's current E10 is 円39.66. Overall, Mori-Gumi Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori-Gumi Co's E10 compare to PWR and FIX?
Mori-Gumi Co's E10 of 円39.66 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 Mori-Gumi Co and its competitors. Mori-Gumi Co's current E10 is 円39.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori-Gumi Co stock overvalued right now?
Based on GuruFocus' analysis, Mori-Gumi Co (TSE:1853) is currently considered Fairly Valued. The stock's GF Value™ is 円323.09, compared to a current price of 円329.00 — trading 1.8% above its estimated fair value. The current E10 is 円39.66. Mori-Gumi Co's overall GF Score™ is 69/100 with 4 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 Mori-Gumi Co (TSE:1853), the current E10 is 円39.66 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 Mori-Gumi Co (TSE:1853) Overvalued in 2026?

Based on GuruFocus' analysis, Mori-Gumi Co stock appears to be overvalued. The current stock price of 円329.00 is trading 1.8% above its estimated GF Value™ of 円323.09. GuruFocus considers Mori-Gumi Co to be Fairly Valued.

Key valuation signals for TSE:1853:

  • E10: 円39.66
  • GF Value™: 円323.09 vs. price of 円329.00 (1.8% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the TSE:1853 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mori-Gumi Co Business Description

Address 4-5-17 Doshomachi, Chuo Ward, Osaka, JPN, 541-0045
Mori-Gumi Co Ltd operates in three divisions - Construction business, which is engaged in civil engineering, architecture, and other general construction work-related businesses; Crushed stone division, which is engaged in the manufacture and sale of crushed stone, crushed sand, etc., and brokerage of transactions.; and Real estate division is engaged in the development, purchase and sale, exchange, and rental of real estate, as well as the agency and brokerage of these businesses.
69GF Score

Get the complete analysis for TSE:1853

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

円329.00
Price
円323.09
GF Value