Fujiya Co (TSE:2211) E10: 円148.63 (As of Dec. 2025)

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:2211 Fujiya Co Ltd TSE:2211
53 GF Score
Price 円2,435.00
GF Value 円2,962.56
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Fujiya Co E10?

Fujiya Co TSE:2211 -0.37% 53 E10 is 円148.63 as of Dec. 2025. GuruFocus rates TSE:2211 with a GF Score™ of 53/100 and a GF Value™ of 円2,962.56 (Modestly Undervalued). The stock has 5 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.

Fujiya Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円43.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円148.63 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 8.50% 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 Fujiya Co was 27.20% per year. The lowest was 6.10% per year. And the median was 7.00% per year.

As of today (2026-07-24), Fujiya Co's current stock price is 円2435.00. Fujiya Co's E10 for the quarter that ended in Dec. 2025 was 円148.63. Fujiya Co's Shiller PE Ratio of today is 16.38.

During the past 13 years, the highest Shiller PE Ratio of Fujiya Co was 57.55. The lowest was 15.39. And the median was 21.32.


Fujiya Co  (TSE:2211) 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.

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

Shiller PE Ratio=Share Price/E10
=2435.00/148.63
=16.38

* 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 Fujiya Co was 57.55. The lowest was 15.39. And the median was 21.32.


Be Aware

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


Fujiya Co E10 Related Terms


Fujiya Co E10 Historical Data

* Premium members only.

The historical data trend for Fujiya 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.

Fujiya Co E10 Chart

Fujiya Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.06 116.39 119.15 0.00 148.63

Fujiya Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 134.17 134.98 139.67 148.63 0.00

TSE:2211 vs MDLZ, HSY, TR: E10 Comparison

For the Confectioners subindustry, Fujiya 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.


Fujiya Co Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujiya Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:2211
53GF Score
Fujiya Co Ltd TSE:2211
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujiya 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, Fujiya Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=43.61/113.0000*113.0000
=43.610

Current CPI (Dec. 2025) = 113.0000.

Fujiya Co Quarterly Data

per share eps CPI Adj_EPS
201512 66.767 98.100 76.908
201603 17.200 97.900 19.853
201606 -15.984 98.100 -18.412
201609 -13.020 98.000 -15.013
201612 62.035 98.400 71.239
201703 17.100 98.100 19.697
201706 -17.390 98.500 -19.950
201709 -8.574 98.800 -9.806
201712 640.643 99.400 728.296
201803 20.680 99.200 23.557
201806 -5.300 99.200 -6.037
201809 -2.840 99.900 -3.212
201812 40.620 99.700 46.039
201903 13.380 99.700 15.165
201906 -7.500 99.800 -8.492
201909 -12.050 100.100 -13.603
201912 52.957 100.500 59.544
202003 1.220 100.300 1.374
202006 -7.880 99.900 -8.913
202009 2.405 99.900 2.720
202012 44.810 99.300 50.992
202103 23.720 99.900 26.830
202106 9.893 99.500 11.235
202109 28.670 100.100 32.365
202112 60.810 100.100 68.647
202203 33.790 101.100 37.767
202206 24.970 101.800 27.717
202209 19.941 103.100 21.856
202212 52.280 104.100 56.750
202303 26.540 104.400 28.726
202306 -21.881 105.200 -23.503
202309 -8.180 106.200 -8.704
202312 41.085 106.800 43.470
202403 32.390 107.200 34.142
202406 0.530 108.200 0.554
202412 0.000 110.700 0.000
202503 30.430 111.100 30.950
202506 2.030 111.700 2.054
202509 2.750 112.000 2.775
202512 43.610 113.000 43.610

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148.63 mean?
Fujiya Co (TSE:2211) has a E10 of 円148.63 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fujiya Co and its competitors.
Is Fujiya Co's E10 too high?
Fujiya Co's current E10 is 円148.63. Overall, Fujiya Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fujiya Co's E10 compare to MDLZ and HSY?
Fujiya Co's E10 of 円148.63 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Fujiya Co and its competitors. Fujiya Co's current E10 is 円148.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiya Co stock overvalued right now?
Based on GuruFocus' analysis, Fujiya Co (TSE:2211) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,962.56, compared to a current price of 円2,435.00 — trading 17.8% below its estimated fair value. The current E10 is 円148.63. Fujiya Co's overall GF Score™ is 53/100 with 5 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 Fujiya Co (TSE:2211), the current E10 is 円148.63 as of Dec. 2025. 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 Fujiya Co (TSE:2211) Overvalued in 2026?

Based on GuruFocus' analysis, Fujiya Co stock appears to be undervalued. The current stock price of 円2,435.00 is trading 17.8% below its estimated GF Value™ of 円2,962.56. GuruFocus considers Fujiya Co to be Modestly Undervalued.

Key valuation signals for TSE:2211:

  • E10: 円148.63
  • GF Value™: 円2,962.56 vs. price of 円2,435.00 (17.8% below fair value)
  • GF Score™: 53/100 with 5 warning signs

No single metric tells the full story. See the TSE:2211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujiya Co Business Description

Address 2-15-6 Otsuka Nissei Otowa building, Bunkyo-ku, Tokyo, JPN, 112-0012
Fujiya Co Ltd is a Japan-based company involved in the Western Style confectionery business. It is involved in the manufacture and sale of cakes, chocolates, candies, biscuits, drinks, dairy and other products. In addition, it is also engaged in the wholesale business of can, PET bottle, chilled beverage, and others. Further, the group handles supermarkets and confectionery for convenience stores. Geographically, the activities are carried out through the region of Japan and it derives majority of the revenue from the sale of products.
53GF Score

Get the complete analysis for TSE:2211

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

円2,435.00
Price
円2,962.56
GF Value