Softfront Holdings (TSE:2321) E10: 円-16.19 (As of Mar. 2026)

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TSE:2321 Softfront Holdings TSE:2321
38 GF Score
Price 円144.00
GF Value 円66.56
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Softfront Holdings E10?

Softfront Holdings TSE:2321 -4.00% 38 E10 is 円-16.19 as of Mar. 2026. GuruFocus rates TSE:2321 with a GF Score™ of 38/100 and a GF Value™ of 円66.56 (Significantly Overvalued). The stock has 4 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.

Softfront Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-0.062. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-16.19 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 9.10% 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 Softfront Holdings was 9.10% per year. The lowest was 0.60% per year. And the median was 3.40% per year.

As of today (2026-09-17), Softfront Holdings's current stock price is 円144.00. Softfront Holdings's E10 for the quarter that ended in Mar. 2026 was 円-16.19. Softfront Holdings's Shiller PE Ratio of today is .


Softfront Holdings  (TSE:2321) 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.


Be Aware

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


Softfront Holdings E10 Related Terms


Softfront Holdings E10 Historical Data

* Premium members only.

The historical data trend for Softfront Holdings'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.

Softfront Holdings E10 Chart

Softfront Holdings 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 -22.46 -22.06 -20.98 -18.73 -15.41

Softfront Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 -19.49 -18.68 -18.31 -17.20 -16.19

TSE:2321 vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Softfront Holdings'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.


Softfront Holdings Shiller PE Ratio vs Software Industry

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

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


TSE:2321
38GF Score
Softfront Holdings TSE:2321
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Softfront Holdings 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, Softfront Holdings'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)
=-0.0621/112.7000*112.7000
=-0.062

Current CPI (Mar. 2026) = 112.7000.

Softfront Holdings Quarterly Data

per share eps CPI Adj_EPS
201603 -8.450 97.900 -9.727
201606 -8.300 98.100 -9.535
201609 4.010 98.000 4.612
201612 -9.150 98.400 -10.480
201703 -17.530 98.100 -20.139
201706 -10.150 98.500 -11.613
201709 -10.700 98.800 -12.205
201712 -17.010 99.400 -19.286
201803 -40.230 99.200 -45.705
201806 -6.160 99.200 -6.998
201809 -4.933 99.900 -5.565
201812 -0.545 99.700 -0.617
201903 0.290 99.700 0.328
201906 -2.992 99.800 -3.379
201909 -1.567 100.100 -1.764
201912 -1.910 100.500 -2.142
202003 -0.870 100.300 -0.978
202006 -0.250 99.900 -0.282
202009 1.037 99.900 1.170
202012 0.300 99.300 0.341
202103 0.880 99.900 0.993
202106 -0.426 99.500 -0.482
202109 0.437 100.100 0.492
202112 -0.190 100.100 -0.214
202203 -0.777 101.100 -0.866
202206 -0.835 101.800 -0.924
202209 -0.828 103.100 -0.905
202212 -0.842 104.100 -0.912
202303 0.568 104.400 0.613
202306 -1.316 105.200 -1.409
202309 -1.432 106.200 -1.520
202312 -7.063 106.800 -7.453
202403 -0.466 107.200 -0.490
202406 -1.408 108.200 -1.467
202409 0.626 108.900 0.648
202503 -2.711 111.100 -2.750
202506 -0.311 111.700 -0.314
202509 -0.205 112.000 -0.206
202512 -1.346 113.000 -1.343
202603 -0.062 112.700 -0.062

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-16.19 mean?
Softfront Holdings (TSE:2321) has a E10 of 円-16.19 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Softfront Holdings and its competitors.
Is Softfront Holdings' E10 too high?
Softfront Holdings' current E10 is 円-16.19. Overall, Softfront Holdings has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Softfront Holdings' E10 compare to CRM and SHOP?
Softfront Holdings' E10 of 円-16.19 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 Softfront Holdings and its competitors. Softfront Holdings's current E10 is 円-16.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Softfront Holdings stock overvalued right now?
Based on GuruFocus' analysis, Softfront Holdings (TSE:2321) is currently considered Significantly Overvalued. The stock's GF Value™ is 円66.56, compared to a current price of 円144.00 — trading 116.3% above its estimated fair value. The current E10 is 円-16.19. Softfront Holdings' overall GF Score™ is 38/100 with 4 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 Softfront Holdings (TSE:2321), the current E10 is 円-16.19 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 Softfront Holdings (TSE:2321) Overvalued in 2026?

Based on GuruFocus' analysis, Softfront Holdings stock appears to be overvalued. The current stock price of 円144.00 is trading 116.3% above its estimated GF Value™ of 円66.56. GuruFocus considers Softfront Holdings to be Significantly Overvalued.

Key valuation signals for TSE:2321:

  • E10: 円-16.19
  • GF Value™: 円66.56 vs. price of 円144.00 (116.3% above fair value)
  • GF Score™: 38/100 with 4 warning signs

No single metric tells the full story. See the TSE:2321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Softfront Holdings Business Description

Address 4-5 Kudanminami, 6F Izumi Kudan Building, Chiyoda-ku, Tokyo, JPN, 102-0074
Softfront Holdings is engaged in contract development consultation in Japan. It also provides technical assistance for the software development environment that provides the core technology and SIP / VoIP. Its core activity includes communications technology. The group operates in a single segment, the communications platform-related business.
38GF Score

Get the complete analysis for TSE:2321

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

円144.00
Price
円66.56
GF Value