Yamato (TSE:1967) E10: 円112.44 (As of Mar. 2026)

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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:1967 Yamato Corp TSE:1967
67 GF Score
Price 円2,092.00
GF Value 円1,445.57
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Yamato E10?

Yamato TSE:1967 -0.14% 67 E10 is 円112.44 as of Mar. 2026. GuruFocus rates TSE:1967 with a GF Score™ of 67/100 and a GF Value™ of 円1,445.57 (Significantly Overvalued). 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.

Yamato's adjusted earnings per share data for the three months ended in Mar. 2026 was 円62.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円112.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Yamato's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 11.80% per year. During the past 5 years, the average E10 Growth Rate was 12.00% 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 Yamato was 16.00% per year. The lowest was 11.20% per year. And the median was 11.80% per year.

As of today (2026-08-25), Yamato's current stock price is 円2092.00. Yamato's E10 for the quarter that ended in Mar. 2026 was 円112.44. Yamato's Shiller PE Ratio of today is 18.61.

During the past 13 years, the highest Shiller PE Ratio of Yamato was 22.74. The lowest was 8.55. And the median was 11.65.


Yamato  (TSE:1967) 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.

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

Shiller PE Ratio=Share Price/E10
=2092.00/112.44
=18.61

* 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 Yamato was 22.74. The lowest was 8.55. And the median was 11.65.


Be Aware

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


Yamato E10 Related Terms


Yamato E10 Historical Data

* Premium members only.

The historical data trend for Yamato'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.

Yamato E10 Chart

Yamato 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 72.80 80.51 85.76 100.12 112.44

Yamato 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 103.72 107.69 110.95 112.44 0.00

TSE:1967 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Yamato'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.


Yamato Shiller PE Ratio vs Construction Industry

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

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


TSE:1967
67GF Score
Yamato Corp TSE:1967
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yamato 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, Yamato'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)
=62.03/112.7000*112.7000
=62.030

Current CPI (Mar. 2026) = 112.7000.

Yamato Quarterly Data

per share eps CPI Adj_EPS
201606 13.320 98.100 15.302
201609 19.100 98.000 21.965
201612 10.701 98.400 12.256
201703 30.530 98.100 35.074
201706 19.470 98.500 22.277
201709 29.140 98.800 33.240
201712 27.390 99.400 31.055
201803 22.150 99.200 25.164
201806 11.440 99.200 12.997
201809 25.730 99.900 29.027
201812 20.577 99.700 23.260
201903 32.283 99.700 36.492
201906 26.220 99.800 29.609
201909 26.440 100.100 29.768
201912 27.850 100.500 31.231
202003 11.648 100.300 13.088
202006 23.110 99.900 26.071
202009 15.900 99.900 17.937
202012 16.370 99.300 18.579
202103 33.570 99.900 37.871
202106 25.560 99.500 28.951
202109 30.167 100.100 33.964
202112 27.960 100.100 31.479
202203 23.772 101.100 26.500
202206 17.660 101.800 19.551
202209 13.089 103.100 14.308
202212 7.130 104.100 7.719
202303 34.980 104.400 37.761
202306 15.380 105.200 16.476
202309 -7.144 106.200 -7.581
202312 4.420 106.800 4.664
202403 45.980 107.200 48.339
202406 24.340 108.200 25.352
202409 29.930 108.900 30.974
202412 39.610 110.700 40.326
202503 64.380 111.100 65.307
202506 36.860 111.700 37.190
202509 54.080 112.000 54.418
202512 44.550 113.000 44.432
202603 62.030 112.700 62.030

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112.44 mean?
Yamato (TSE:1967) has a E10 of 円112.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Yamato and its competitors.
Is Yamato's E10 too high?
Yamato's current E10 is 円112.44. Overall, Yamato has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yamato's E10 compare to PWR and FIX?
Yamato's E10 of 円112.44 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 Yamato and its competitors. Yamato's current E10 is 円112.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamato stock overvalued right now?
Based on GuruFocus' analysis, Yamato (TSE:1967) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,445.57, compared to a current price of 円2,092.00 — trading 44.7% above its estimated fair value. The current E10 is 円112.44. Yamato's overall GF Score™ is 67/100 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 Yamato (TSE:1967), the current E10 is 円112.44 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 Yamato (TSE:1967) Overvalued in 2026?

Based on GuruFocus' analysis, Yamato stock appears to be overvalued. The current stock price of 円2,092.00 is trading 44.7% above its estimated GF Value™ of 円1,445.57. GuruFocus considers Yamato to be Significantly Overvalued.

Key valuation signals for TSE:1967:

  • E10: 円112.44
  • GF Value™: 円1,445.57 vs. price of 円2,092.00 (44.7% above fair value)
  • GF Score™: 67/100 with 1 warning sign

No single metric tells the full story. See the TSE:1967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yamato Business Description

Address No.118 Furuichi-machi, Maebashi-shi, JPN, 371-0844
Yamato Corp designs and builds air-conditioning and sanitation facilities such as clean room. The company also designs, installs, and sells environmental equipment such as waste disposal and sewage purifying systems for industrial and home usage.
67GF Score

Get the complete analysis for TSE:1967

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

円2,092.00
Price
円1,445.57
GF Value