CEDAR Co (TSE:2435) E10: 円10.93 (As of Mar. 2026)

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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.
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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:2435 CEDAR Co Ltd TSE:2435
65 GF Score
Price 円216.00
GF Value 円237.98
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is CEDAR Co E10?

CEDAR Co TSE:2435 +0.47% 65 E10 is 円10.93 as of Mar. 2026. GuruFocus rates TSE:2435 with a GF Score™ of 65/100 and a GF Value™ of 円237.98 (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.

CEDAR Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円6.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円10.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CEDAR Co's average E10 Growth Rate was 67.10% 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 CEDAR Co was 117.10% per year. The lowest was -44.40% per year. And the median was 12.30% per year.

As of today (2026-08-12), CEDAR Co's current stock price is 円216.00. CEDAR Co's E10 for the quarter that ended in Mar. 2026 was 円10.93. CEDAR Co's Shiller PE Ratio of today is 19.76.

During the past 13 years, the highest Shiller PE Ratio of CEDAR Co was 252.94. The lowest was 17.54. And the median was 55.72.


CEDAR Co  (TSE:2435) 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.

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

Shiller PE Ratio=Share Price/E10
=216.00/10.93
=19.76

* 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 CEDAR Co was 252.94. The lowest was 17.54. And the median was 55.72.


Be Aware

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


CEDAR Co E10 Related Terms


CEDAR Co E10 Historical Data

* Premium members only.

The historical data trend for CEDAR 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.

CEDAR Co E10 Chart

CEDAR Co 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 0.66 -1.68 -0.65 0.00 10.93

CEDAR Co 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 0.00 6.28 7.76 10.19 10.93

TSE:2435 vs HCA, THC, DVA: E10 Comparison

For the Medical Care Facilities subindustry, CEDAR 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.


CEDAR Co Shiller PE Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CEDAR Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:2435
65GF Score
CEDAR Co Ltd TSE:2435
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CEDAR 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, CEDAR Co'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)
=6.5/112.7000*112.7000
=6.500

Current CPI (Mar. 2026) = 112.7000.

CEDAR Co Quarterly Data

per share eps CPI Adj_EPS
201603 6.976 97.900 8.031
201606 -1.140 98.100 -1.310
201609 -4.925 98.000 -5.664
201612 -9.810 98.400 -11.236
201703 3.849 98.100 4.422
201706 8.000 98.500 9.153
201709 4.290 98.800 4.894
201712 1.974 99.400 2.238
201803 5.250 99.200 5.964
201806 1.470 99.200 1.670
201809 2.900 99.900 3.272
201812 5.403 99.700 6.108
201903 -8.410 99.700 -9.507
201906 -8.960 99.800 -10.118
201909 3.921 100.100 4.415
201912 10.195 100.500 11.433
202003 12.980 100.300 14.585
202006 10.730 99.900 12.105
202009 14.029 99.900 15.827
202012 7.581 99.300 8.604
202103 1.370 99.900 1.546
202106 -1.200 99.500 -1.359
202109 -2.050 100.100 -2.308
202112 -0.710 100.100 -0.799
202203 -24.507 101.100 -27.319
202206 -4.590 101.800 -5.081
202209 -6.327 103.100 -6.916
202212 6.238 104.100 6.753
202303 -20.020 104.400 -21.612
202306 11.140 105.200 11.934
202309 9.020 106.200 9.572
202312 11.584 106.800 12.224
202403 -13.690 107.200 -14.392
202406 6.710 108.200 6.989
202409 15.150 108.900 15.679
202503 0.000 111.100 0.000
202506 9.000 111.700 9.081
202509 11.400 112.000 11.471
202512 19.770 113.000 19.718
202603 6.500 112.700 6.500

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10.93 mean?
CEDAR Co (TSE:2435) has a E10 of 円10.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CEDAR Co and its competitors.
Is CEDAR Co's E10 too high?
CEDAR Co's current E10 is 円10.93. Overall, CEDAR Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CEDAR Co's E10 compare to HCA and THC?
CEDAR Co's E10 of 円10.93 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good E10 depends on the Healthcare Providers & Services 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 CEDAR Co and its competitors. CEDAR Co's current E10 is 円10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEDAR Co stock overvalued right now?
Based on GuruFocus' analysis, CEDAR Co (TSE:2435) is currently considered Fairly Valued. The stock's GF Value™ is 円237.98, compared to a current price of 円216.00 — trading 9.2% below its estimated fair value. The current E10 is 円10.93. CEDAR Co's overall GF Score™ is 65/100 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 CEDAR Co (TSE:2435), the current E10 is 円10.93 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 CEDAR Co (TSE:2435) Overvalued in 2026?

Based on GuruFocus' analysis, CEDAR Co stock appears to be undervalued. The current stock price of 円216.00 is trading 9.2% below its estimated GF Value™ of 円237.98. GuruFocus considers CEDAR Co to be Fairly Valued.

Key valuation signals for TSE:2435:

  • E10: 円10.93
  • GF Value™: 円237.98 vs. price of 円216.00 (9.2% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TSE:2435 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CEDAR Co Business Description

Address 1-7-19 Ohata, Fukuoka Prefecture, Kitakyushu, JPN, 802-0026
CEDAR Co Ltd is engaged in providing long-term care facilities in Japan. The services offered by the company include paid nursing homes, visiting nursing stations, helper stations, and care plan centers.
65GF Score

Get the complete analysis for TSE:2435

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

円216.00
Price
円237.98
GF Value