Hakuten (TSE:2173) E10: 円0.00 (As of Jun. 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:2173 Hakuten Corp TSE:2173
67 GF Score
Price 円717.00
GF Value 円558.78
Valuation Modestly Overvalued
View Full Analysis

What is Hakuten E10?

Hakuten TSE:2173 67 E10 is 円0.00 as of Jun. 2026. GuruFocus rates TSE:2173 with a GF Score™ of 67/100 and a GF Value™ of 円558.78 (Modestly Overvalued).

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.

Hakuten's adjusted earnings per share data for the three months ended in Jun. 2026 was 円0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.00 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 44.10% 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 Hakuten was 44.10% per year. The lowest was 15.60% per year. And the median was 30.10% per year.

As of today (2026-08-28), Hakuten's current stock price is 円717.00. Hakuten's E10 for the quarter that ended in Jun. 2026 was 円0.00. Hakuten's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Hakuten was 108.60. The lowest was 18.89. And the median was 34.65.


Hakuten  (TSE:2173) 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.

During the past 13 years, the highest Shiller P/E Ratio of Hakuten was 108.60. The lowest was 18.89. And the median was 34.65.


Be Aware

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


Hakuten E10 Related Terms


Hakuten E10 Historical Data

* Premium members only.

The historical data trend for Hakuten'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.

Hakuten E10 Chart

Hakuten Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.22 9.67 11.82 0.00 28.92

Hakuten Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.00 22.98 28.92 29.39 0.00

TSE:2173 vs APP, OMC, TTD: E10 Comparison

For the Advertising Agencies subindustry, Hakuten'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.


Hakuten Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hakuten's Shiller PE Ratio distribution charts can be found below:

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


TSE:2173
67GF Score
Hakuten Corp TSE:2173
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hakuten 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, Hakuten's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Hakuten Quarterly Data

per share eps CPI Adj_EPS
201603 2.895 97.900 3.359
201606 -11.598 98.100 -13.431
201609 -0.582 98.000 -0.675
201612 -5.978 98.400 -6.901
201703 -6.030 98.100 -6.983
201706 -1.523 98.500 -1.756
201709 5.362 98.800 6.165
201712 8.585 99.400 9.811
201803 2.605 99.200 2.983
201806 5.050 99.200 5.783
201809 8.490 99.900 9.654
201812 4.905 99.700 5.589
201903 -14.310 99.700 -16.305
201906 -1.580 99.800 -1.798
201909 8.012 100.100 9.093
201912 13.660 100.500 15.441
202003 5.825 100.300 6.597
202006 -20.195 99.900 -22.964
202009 -6.337 99.900 -7.206
202012 -0.923 99.300 -1.056
202103 15.262 99.900 17.355
202106 13.575 99.500 15.499
202109 5.031 100.100 5.710
202112 7.322 100.100 8.309
202203 22.622 101.100 25.419
202206 2.850 101.800 3.180
202209 6.765 103.100 7.454
202212 13.609 104.100 14.851
202303 12.306 104.400 13.390
202306 -2.740 105.200 -2.959
202309 3.574 106.200 3.823
202312 43.330 106.800 46.089
202403 12.470 107.200 13.214
202406 31.521 108.200 33.094
202412 0.000 110.700 0.000
202506 0.000 111.700 0.000
202509 17.260 112.000 17.507
202512 54.420 113.000 54.709
202603 6.490 112.700 6.542
202606 0.000 113.600 0.000

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0.00 mean?
Hakuten (TSE:2173) has a E10 of 円0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hakuten and its competitors.
Is Hakuten's E10 too high?
Hakuten's current E10 is 円0.00. Overall, Hakuten has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hakuten's E10 compare to APP and OMC?
Hakuten's E10 of 円0.00 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Hakuten and its competitors. Hakuten's current E10 is 円0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hakuten stock overvalued right now?
Based on GuruFocus' analysis, Hakuten (TSE:2173) is currently considered Modestly Overvalued. The stock's GF Value™ is 円558.78, compared to a current price of 円717.00 — trading 28.3% above its estimated fair value. The current E10 is 円0.00. Hakuten's overall GF Score™ is 67/100. 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 Hakuten (TSE:2173), the current E10 is 円0.00 as of Jun. 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 Hakuten (TSE:2173) Overvalued in 2026?

Based on GuruFocus' analysis, Hakuten stock appears to be overvalued. The current stock price of 円717.00 is trading 28.3% above its estimated GF Value™ of 円558.78. GuruFocus considers Hakuten to be Modestly Overvalued.

Key valuation signals for TSE:2173:

  • E10: 円0.00
  • GF Value™: 円558.78 vs. price of 円717.00 (28.3% above fair value)
  • GF Score™: 67/100

No single metric tells the full story. See the TSE:2173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hakuten Business Description

Address 3-1-1 Kyobashi, 20th Floor, Tokyo Square Garden, Chuo-ku, Tokyo, JPN, 104-0031
Hakuten Corp is a Japan-based company engages in producing and sponsoring event promotions, exhibitions, business meetings, private shows, conferences, and conventions, among others. It is also engaged in the design, construction, and supervision of commercial spaces, such as road shows, conferences, and ceremonies, as well as the provision of digital marketing solutions.
67GF Score

Get the complete analysis for TSE:2173

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

円717.00
Price
円558.78
GF Value