Cube System (TSE:2335) E10: 円66.83 (As of Mar. 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:2335 Cube System Inc TSE:2335
73 GF Score
Price 円1,104.00
GF Value 円1,145.65
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Cube System E10?

Cube System TSE:2335 +0.36% 73 E10 is 円66.83 as of Mar. 2026. GuruFocus rates TSE:2335 with a GF Score™ of 73/100 and a GF Value™ of 円1,145.65 (Fairly Valued). The stock has 1 warning sign 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.

Cube System's adjusted earnings per share data for the three months ended in Mar. 2026 was 円32.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円66.83 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 10.70% 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 Cube System was 15.30% per year. The lowest was 8.80% per year. And the median was 12.50% per year.

As of today (2026-08-29), Cube System's current stock price is 円1104.00. Cube System's E10 for the quarter that ended in Mar. 2026 was 円66.83. Cube System's Shiller PE Ratio of today is 16.52.

During the past 13 years, the highest Shiller PE Ratio of Cube System was 43.34. The lowest was 15.11. And the median was 23.25.


Cube System  (TSE:2335) 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.

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

Shiller PE Ratio=Share Price/E10
=1104.00/66.83
=16.52

* 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 Cube System was 43.34. The lowest was 15.11. And the median was 23.25.


Be Aware

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


Cube System E10 Related Terms


Cube System E10 Historical Data

* Premium members only.

The historical data trend for Cube System'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.

Cube System E10 Chart

Cube System 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 43.41 49.27 54.79 0.00 66.83

Cube System Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 59.91 61.49 64.59 66.83 0.00

TSE:2335 vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Cube System'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.


Cube System Shiller PE Ratio vs Software Industry

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

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


TSE:2335
73GF Score
Cube System Inc TSE:2335
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cube System 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, Cube System'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)
=32.12/112.7000*112.7000
=32.120

Current CPI (Mar. 2026) = 112.7000.

Cube System Quarterly Data

per share eps CPI Adj_EPS
201603 18.828 97.900 21.674
201606 3.990 98.100 4.584
201609 13.817 98.000 15.890
201612 4.723 98.400 5.409
201703 16.160 98.100 18.565
201706 2.360 98.500 2.700
201709 10.560 98.800 12.046
201712 5.560 99.400 6.304
201803 22.110 99.200 25.119
201806 5.450 99.200 6.192
201809 10.820 99.900 12.206
201812 11.278 99.700 12.749
201903 15.510 99.700 17.532
201906 3.700 99.800 4.178
201909 14.130 100.100 15.909
201912 11.110 100.500 12.459
202003 9.750 100.300 10.955
202006 12.170 99.900 13.729
202009 17.297 99.900 19.513
202012 14.420 99.300 16.366
202103 18.217 99.900 20.551
202106 19.350 99.500 21.917
202109 17.567 100.100 19.778
202112 18.645 100.100 20.992
202203 14.048 101.100 15.660
202206 12.840 101.800 14.215
202209 15.890 103.100 17.370
202212 16.258 104.100 17.601
202303 23.844 104.400 25.740
202306 15.360 105.200 16.455
202309 17.689 106.200 18.772
202312 16.960 106.800 17.897
202403 20.347 107.200 21.391
202406 10.470 108.200 10.905
202409 33.540 108.900 34.710
202503 0.000 111.100 0.000
202506 13.300 111.700 13.419
202509 23.480 112.000 23.627
202512 34.470 113.000 34.378
202603 32.120 112.700 32.120

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66.83 mean?
Cube System (TSE:2335) has a E10 of 円66.83 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cube System and its competitors.
Is Cube System's E10 too high?
Cube System's current E10 is 円66.83. Overall, Cube System has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cube System's E10 compare to IBM and ACN?
Cube System's E10 of 円66.83 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 Cube System and its competitors. Cube System's current E10 is 円66.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cube System stock overvalued right now?
Based on GuruFocus' analysis, Cube System (TSE:2335) is currently considered Fairly Valued. The stock's GF Value™ is 円1,145.65, compared to a current price of 円1,104.00 — trading 3.6% below its estimated fair value. The current E10 is 円66.83. Cube System's overall GF Score™ is 73/100 with 1 warning sign 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 Cube System (TSE:2335), the current E10 is 円66.83 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 Cube System (TSE:2335) Overvalued in 2026?

Based on GuruFocus' analysis, Cube System stock appears to be undervalued. The current stock price of 円1,104.00 is trading 3.6% below its estimated GF Value™ of 円1,145.65. GuruFocus considers Cube System to be Fairly Valued.

Key valuation signals for TSE:2335:

  • E10: 円66.83
  • GF Value™: 円1,145.65 vs. price of 円1,104.00 (3.6% below fair value)
  • GF Score™: 73/100 with 1 warning sign

No single metric tells the full story. See the TSE:2335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cube System Business Description

Address Osaki Wiz Tower, 2-11-1, Osaki, Shinagawa-ku, Tokyo, JPN, 141-0032
Cube System Inc is an independent information technology company. It organized into three service lines: system integration services, professional services and system outsourcing services. The system integration service includes business system design and development, system migration, downsizing, system transition and offshore development services. The system outsourcing services include the management of business applications, as well as the operation and management of systems. The professional service includes system consulting, system transition, database management and information infrastructure construction services.
73GF Score

Get the complete analysis for TSE:2335

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

円1,104.00
Price
円1,145.65
GF Value