Yondenko (TSE:1939) E10: 円83.95 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:1939 Yondenko Corp TSE:1939
71 GF Score
Price 円1,932.00
GF Value 円1,316.17
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Yondenko E10?

Yondenko TSE:1939 -2.28% 71 E10 is 円83.95 as of Mar. 2026. GuruFocus rates TSE:1939 with a GF Score™ of 71/100 and a GF Value™ of 円1,316.17 (Significantly 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.

Yondenko's adjusted earnings per share data for the three months ended in Mar. 2026 was 円73.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円83.95 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 17.90% 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 Yondenko was 19.50% per year. The lowest was 7.70% per year. And the median was 17.90% per year.

As of today (2026-07-21), Yondenko's current stock price is 円1932.00. Yondenko's E10 for the quarter that ended in Mar. 2026 was 円83.95. Yondenko's Shiller PE Ratio of today is 23.01.

During the past 13 years, the highest Shiller PE Ratio of Yondenko was 27.20. The lowest was 11.09. And the median was 15.19.


Yondenko  (TSE:1939) 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.

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

Shiller PE Ratio=Share Price/E10
=1932.00/83.95
=23.01

* 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 Yondenko was 27.20. The lowest was 11.09. And the median was 15.19.


Be Aware

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


Yondenko E10 Related Terms


Yondenko E10 Historical Data

* Premium members only.

The historical data trend for Yondenko'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.

Yondenko E10 Chart

Yondenko 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 41.83 51.20 60.39 0.00 83.95

Yondenko Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 70.53 74.51 77.66 83.95

TSE:1939 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Yondenko'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.


Yondenko Shiller PE Ratio vs Construction Industry

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

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


TSE:1939
71GF Score
Yondenko Corp TSE:1939
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yondenko 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, Yondenko'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)
=73.22/112.7000*112.7000
=73.220

Current CPI (Mar. 2026) = 112.7000.

Yondenko Quarterly Data

per share eps CPI Adj_EPS
201603 19.497 97.900 22.444
201606 0.342 98.100 0.393
201609 8.313 98.000 9.560
201612 4.035 98.400 4.621
201703 24.512 98.100 28.160
201706 7.247 98.500 8.292
201709 10.409 98.800 11.873
201712 6.285 99.400 7.126
201803 24.586 99.200 27.932
201806 4.825 99.200 5.482
201809 8.054 99.900 9.086
201812 12.176 99.700 13.764
201903 25.780 99.700 29.141
201906 9.737 99.800 10.996
201909 3.719 100.100 4.187
201912 -3.762 100.500 -4.219
202003 38.958 100.300 43.774
202006 15.372 99.900 17.342
202009 14.952 99.900 16.868
202012 19.907 99.300 22.593
202103 27.350 99.900 30.854
202106 23.870 99.500 27.037
202109 18.080 100.100 20.356
202112 15.223 100.100 17.139
202203 23.003 101.100 25.642
202206 11.357 101.800 12.573
202209 11.140 103.100 12.177
202212 16.860 104.100 18.253
202303 40.373 104.400 43.583
202306 17.007 105.200 18.219
202309 28.243 106.200 29.972
202312 19.533 106.800 20.612
202403 31.927 107.200 33.565
202406 25.737 108.200 26.807
202409 32.363 108.900 33.492
202503 0.000 111.100 0.000
202506 22.240 111.700 22.439
202509 33.990 112.000 34.202
202512 29.060 113.000 28.983
202603 73.220 112.700 73.220

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83.95 mean?
Yondenko (TSE:1939) has a E10 of 円83.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Yondenko and its competitors.
Is Yondenko's E10 too high?
Yondenko's current E10 is 円83.95. Overall, Yondenko has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yondenko's E10 compare to PWR and FIX?
Yondenko's E10 of 円83.95 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 Yondenko and its competitors. Yondenko's current E10 is 円83.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yondenko stock overvalued right now?
Based on GuruFocus' analysis, Yondenko (TSE:1939) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,316.17, compared to a current price of 円1,932.00 — trading 46.8% above its estimated fair value. The current E10 is 円83.95. Yondenko'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 Yondenko (TSE:1939), the current E10 is 円83.95 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 Yondenko (TSE:1939) Overvalued in 2026?

Based on GuruFocus' analysis, Yondenko stock appears to be overvalued. The current stock price of 円1,932.00 is trading 46.8% above its estimated GF Value™ of 円1,316.17. GuruFocus considers Yondenko to be Significantly Overvalued.

Key valuation signals for TSE:1939:

  • E10: 円83.95
  • GF Value™: 円1,316.17 vs. price of 円1,932.00 (46.8% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the TSE:1939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yondenko Business Description

Address 2-3-9 Hananomiya-cho, Kagawa, Takamatsu, JPN, 761-8565
Yondenko Corp is engaged in the facilities construction business, leasing business, and solar power generation business. It operates in three segments The Facility Construction Business receives orders for power distribution construction, power transmission and civil engineering construction, electrical and instrumentation construction, air conditioning and piping construction, and information and communication construction; the Leasing Business leases construction machinery, vehicles, equipment; the Solar Power Generation Business sells electricity generated by solar power. Its business includes Installation of electrical equipment, Air-conditioning, water supply, and drainage systems, Information and communications installation, construction, System control installation and construction.
71GF Score

Get the complete analysis for TSE:1939

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

円1,932.00
Price
円1,316.17
GF Value