Forside Co (TSE:2330) E10: 円0.00 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:2330 Forside Co Ltd TSE:2330
53 GF Score
Price 円78.00
GF Value 円173.76
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Forside Co E10?

Forside Co TSE:2330 +1.30% 53 E10 is 円0.00 as of Jun. 2026. GuruFocus rates TSE:2330 with a GF Score™ of 53/100 and a GF Value™ of 円173.76 (Significantly Undervalued). The stock has 2 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.

Forside Co'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 39.10% 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 Forside Co was 39.10% per year. The lowest was 10.10% per year. And the median was 25.30% per year.

As of today (2026-08-26), Forside Co's current stock price is 円78.00. Forside Co's E10 for the quarter that ended in Jun. 2026 was 円0.00. Forside Co's Shiller PE Ratio of today is .


Forside Co  (TSE:2330) 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.


Forside Co E10 Related Terms


Forside Co E10 Historical Data

* Premium members only.

The historical data trend for Forside 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.

Forside Co E10 Chart

Forside 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 -23.03 -19.17 -9.42 0.00 -4.32

Forside Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 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 -5.35 -4.83 -4.32 -2.57 0.00

TSE:2330 vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Forside 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.


Forside Co Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Forside Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:2330
53GF Score
Forside Co Ltd TSE:2330
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forside 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, Forside Co'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.

Forside Co Quarterly Data

per share eps CPI Adj_EPS
201606 3.549 98.100 4.110
201609 1.178 98.000 1.366
201612 -0.650 98.400 -0.750
201703 0.150 98.100 0.174
201706 0.740 98.500 0.853
201709 0.400 98.800 0.460
201712 -0.200 99.400 -0.229
201803 -2.450 99.200 -2.806
201806 -1.408 99.200 -1.612
201809 -11.190 99.900 -12.725
201812 -4.104 99.700 -4.676
201903 -5.410 99.700 -6.164
201906 1.848 99.800 2.104
201909 -0.605 100.100 -0.687
201912 -0.790 100.500 -0.893
202003 -10.590 100.300 -11.994
202006 -0.071 99.900 -0.081
202009 -0.631 99.900 -0.718
202012 0.570 99.300 0.652
202103 1.720 99.900 1.956
202106 3.343 99.500 3.817
202109 1.610 100.100 1.827
202112 -4.042 100.100 -4.587
202203 -1.970 101.100 -2.214
202206 -0.130 101.800 -0.145
202209 -0.545 103.100 -0.601
202212 -0.671 104.100 -0.732
202303 0.180 104.400 0.196
202306 1.520 105.200 1.641
202309 -0.230 106.200 -0.246
202312 1.720 106.800 1.830
202403 -1.020 107.200 -1.081
202406 -0.991 108.200 -1.040
202412 0.000 110.700 0.000
202503 1.300 111.100 1.329
202506 2.700 111.700 2.746
202509 4.780 112.000 4.848
202512 1.390 113.000 1.397
202603 0.790 112.700 0.796
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?
Forside Co (TSE:2330) 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 Forside Co and its competitors.
Is Forside Co's E10 too high?
Forside Co's current E10 is 円0.00. Overall, Forside Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forside Co's E10 compare to AS and HAS?
Forside Co's E10 of 円0.00 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Forside Co and its competitors. Forside Co'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 Forside Co stock overvalued right now?
Based on GuruFocus' analysis, Forside Co (TSE:2330) is currently considered Significantly Undervalued. The stock's GF Value™ is 円173.76, compared to a current price of 円78.00 — trading 55.1% below its estimated fair value. The current E10 is 円0.00. Forside Co's overall GF Score™ is 53/100 with 2 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 Forside Co (TSE:2330), 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 Forside Co (TSE:2330) Overvalued in 2026?

Based on GuruFocus' analysis, Forside Co stock appears to be undervalued. The current stock price of 円78.00 is trading 55.1% below its estimated GF Value™ of 円173.76. GuruFocus considers Forside Co to be Significantly Undervalued.

Key valuation signals for TSE:2330:

  • E10: 円0.00
  • GF Value™: 円173.76 vs. price of 円78.00 (55.1% below fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the TSE:2330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forside Co Business Description

Address Muromachi 3-3-1 ETS Muromachi building 12F, Nihonbashi, Chuo-ku, Tokyo, JPN
Forside Co Ltd is a Japan-based company engaged in the content business. The company provides guidance in the areas concerning investment banking, merger and acquisition, financing and other related financial services. Its reportable segments are Prize Business, Real Estate-Related Business, Content Business, Event Business, Master Rights Business, AI-Related Business, and Logistics-Related Business.
53GF Score

Get the complete analysis for TSE:2330

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

円78.00
Price
円173.76
GF Value