Dawn (TSE:2303) E10: 円0.00 (As of Nov. 2025)


TSE:2303 Dawn Corp TSE:2303
76 GF Score
Price 円1,289.00
GF Value 円1,395.09
Valuation Fairly Valued
! 3 Warning Signs
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What is Dawn E10?

Dawn TSE:2303 +4.04% 76 E10 is 円0.00 as of Nov. 2025. GuruFocus rates TSE:2303 with a GF Score™ of 76/100 and a GF Value™ of 円1,395.09 (Fairly Valued). The stock has 3 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.

Dawn's adjusted earnings per share data for the three months ended in Nov. 2025 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 Nov. 2025.

During the past 12 months, Dawn's average E10 Growth Rate was -100.00% 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 Dawn was 37.20% per year. The lowest was 33.30% per year. And the median was 35.90% per year.

As of today (2026-06-30), Dawn's current stock price is 円1289.00. Dawn's E10 for the quarter that ended in Nov. 2025 was 円0.00. Dawn's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Dawn was 175.99. The lowest was 29.96. And the median was 71.20.


Dawn  (TSE:2303) 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 Dawn was 175.99. The lowest was 29.96. And the median was 71.20.


Be Aware

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


Dawn E10 Related Terms


Dawn E10 Historical Data

* Premium members only.

The historical data trend for Dawn'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.

Dawn E10 Chart

Dawn Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.73 18.70 25.02 31.89 0.00

Dawn Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Nov25 Feb26
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 31.89 0.00 0.00 0.00 0.00

TSE:2303 vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, Dawn'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.


Dawn Shiller PE Ratio vs Software Industry

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

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


TSE:2303
76GF Score
Dawn Corp TSE:2303
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dawn 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, Dawn's adjusted earnings per share data for the three months ended in Nov. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=0/113.2000*113.2000
=0.000

Current CPI (Nov. 2025) = 113.2000.

Dawn Quarterly Data

per share eps CPI Adj_EPS
201505 7.275 98.700 8.344
201508 -2.000 98.400 -2.301
201511 5.855 98.100 6.756
201602 6.044 97.800 6.996
201605 5.995 98.200 6.911
201608 0.280 97.900 0.324
201611 0.890 98.600 1.022
201702 5.857 98.100 6.759
201705 7.080 98.600 8.128
201708 -2.360 98.500 -2.712
201711 1.938 99.100 2.214
201802 11.625 99.500 13.226
201805 6.729 99.300 7.671
201808 -0.615 99.800 -0.698
201811 2.609 100.000 2.953
201902 12.695 99.700 14.414
201905 9.850 100.000 11.150
201908 5.975 100.000 6.764
201911 6.335 100.500 7.136
202002 4.905 100.300 5.536
202005 14.268 100.100 16.135
202008 5.975 100.100 6.757
202011 7.240 99.500 8.237
202102 9.405 99.800 10.668
202105 14.556 99.400 16.577
202108 4.725 99.700 5.365
202111 13.255 100.100 14.990
202202 12.255 100.700 13.776
202205 14.027 101.800 15.598
202208 7.435 102.700 8.195
202211 7.310 103.900 7.964
202302 21.510 104.000 23.413
202305 14.300 105.100 15.402
202308 7.700 105.900 8.231
202311 12.383 106.900 13.113
202402 18.985 106.900 20.104
202405 23.460 108.100 24.567
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202511 0.000 113.200 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?
Dawn (TSE:2303) has a E10 of 円0.00 as of Nov. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Dawn and its competitors.
Is Dawn's E10 too high?
Dawn's current E10 is 円0.00. Overall, Dawn has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dawn's E10 compare to UBER and SHOP?
Dawn's E10 of 円0.00 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 Dawn and its competitors. Dawn'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 Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Fairly Valued. The stock's GF Value™ is 円1,395.09, compared to a current price of 円1,289.00 — trading 7.6% below its estimated fair value. The current E10 is 円0.00. Dawn's overall GF Score™ is 76/100 with 3 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 Dawn (TSE:2303), the current E10 is 円0.00 as of Nov. 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 Dawn (TSE:2303) Overvalued in 2026?

Based on GuruFocus' analysis, Dawn stock appears to be undervalued. The current stock price of 円1,289.00 is trading 7.6% below its estimated GF Value™ of 円1,395.09. GuruFocus considers Dawn to be Fairly Valued.

Key valuation signals for TSE:2303:

  • E10: 円0.00
  • GF Value™: 円1,395.09 vs. price of 円1,289.00 (7.6% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dawn Business Description

Address 2-2-21 Sannomiya Grand Building 5th floor, Hyogo Prefecture, Kobe, JPN
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
76GF Score

Get the complete analysis for TSE:2303

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

円1,289.00
Price
円1,395.09
GF Value