Sobal (TSE:2186) E10: 円62.44 (As of Feb. 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.
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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:2186 Sobal Corp TSE:2186
68 GF Score
Price 円903.00
GF Value 円1,100.21
Valuation Modestly Undervalued
View Full Analysis

What is Sobal E10?

Sobal TSE:2186 -2.17% 68 E10 is 円62.44 as of Feb. 2026. GuruFocus rates TSE:2186 with a GF Score™ of 68/100 and a GF Value™ of 円1,100.21 (Modestly Undervalued).

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.

Sobal's adjusted earnings per share data for the three months ended in Feb. 2026 was 円15.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円62.44 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was 5.30% 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 Sobal was 11.10% per year. The lowest was 5.30% per year. And the median was 10.40% per year.

As of today (2026-08-30), Sobal's current stock price is 円903.00. Sobal's E10 for the quarter that ended in Feb. 2026 was 円62.44. Sobal's Shiller PE Ratio of today is 14.46.

During the past 13 years, the highest Shiller PE Ratio of Sobal was 37.94. The lowest was 14.37. And the median was 20.20.


Sobal  (TSE:2186) 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.

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

Shiller PE Ratio=Share Price/E10
=903.00/62.44
=14.46

* 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 Sobal was 37.94. The lowest was 14.37. And the median was 20.20.


Be Aware

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


Sobal E10 Related Terms


Sobal E10 Historical Data

* Premium members only.

The historical data trend for Sobal'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.

Sobal E10 Chart

Sobal Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.30 53.48 57.63 0.00 62.44

Sobal Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 61.80 61.71 62.76 62.44 0.00

TSE:2186 vs QH, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Sobal'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.


Sobal Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Sobal's Shiller PE Ratio distribution charts can be found below:

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


TSE:2186
68GF Score
Sobal Corp TSE:2186
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=15.28/112.2000*112.2000
=15.280

Current CPI (Feb. 2026) = 112.2000.

Sobal Quarterly Data

per share eps CPI Adj_EPS
201602 11.360 97.800 13.033
201605 11.125 98.200 12.711
201608 9.535 97.900 10.928
201611 9.680 98.600 11.015
201702 11.510 98.100 13.164
201705 12.760 98.600 14.520
201708 9.470 98.500 10.787
201711 13.150 99.100 14.888
201802 16.660 99.500 18.786
201805 13.250 99.300 14.971
201808 10.499 99.800 11.803
201811 12.404 100.000 13.917
201902 15.000 99.700 16.881
201905 15.100 100.000 16.942
201908 14.900 100.000 16.718
201911 14.123 100.500 15.767
202002 10.808 100.300 12.090
202005 10.700 100.100 11.993
202008 8.663 100.100 9.710
202011 13.090 99.500 14.761
202102 15.655 99.800 17.600
202105 15.960 99.400 18.015
202108 10.555 99.700 11.878
202111 14.300 100.100 16.029
202202 16.013 100.700 17.842
202205 18.260 101.800 20.125
202208 51.556 102.700 56.325
202211 8.408 103.900 9.080
202302 8.610 104.000 9.289
202305 12.120 105.100 12.939
202308 15.950 105.900 16.899
202311 17.219 106.900 18.073
202402 19.985 106.900 20.976
202405 13.480 108.100 13.991
202408 15.529 109.100 15.970
202502 0.000 110.800 0.000
202505 14.110 111.800 14.160
202508 12.350 112.100 12.361
202511 16.760 113.200 16.612
202602 15.280 112.200 15.280

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62.44 mean?
Sobal (TSE:2186) has a E10 of 円62.44 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sobal and its competitors.
Is Sobal's E10 too high?
Sobal's current E10 is 円62.44. Overall, Sobal has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sobal's E10 compare to QH and SHOP?
Sobal's E10 of 円62.44 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Sobal and its competitors. Sobal's current E10 is 円62.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sobal stock overvalued right now?
Based on GuruFocus' analysis, Sobal (TSE:2186) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,100.21, compared to a current price of 円903.00 — trading 17.9% below its estimated fair value. The current E10 is 円62.44. Sobal's overall GF Score™ is 68/100. 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 Sobal (TSE:2186), the current E10 is 円62.44 as of Feb. 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 Sobal (TSE:2186) Overvalued in 2026?

Based on GuruFocus' analysis, Sobal stock appears to be undervalued. The current stock price of 円903.00 is trading 17.9% below its estimated GF Value™ of 円1,100.21. GuruFocus considers Sobal to be Modestly Undervalued.

Key valuation signals for TSE:2186:

  • E10: 円62.44
  • GF Value™: 円1,100.21 vs. price of 円903.00 (17.9% below fair value)
  • GF Score™: 68/100

No single metric tells the full story. See the TSE:2186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sobal Business Description

Address 5-9-11 Kitashinagawa, Osaki MT Building, Shinagawa-ku, Tokyo, JPN, 141-0001
Sobal Corp engages in the development of embedded software for digital appliances and research and development of wireless communication technologies in Japan. The solutions provided by the company include Embedded system development, Application development, Web application development, Cloud development, and Manual production.
68GF Score

Get the complete analysis for TSE:2186

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

円903.00
Price
円1,100.21
GF Value