ValueCommerce Co (TSE:2491) E10: 円95.35 (As of Mar. 2026)


TSE:2491 ValueCommerce Co Ltd TSE:2491
60 GF Score
Price 円460.00
GF Value 円945.27
Valuation Significantly Undervalued
! 3 Warning Signs
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What is ValueCommerce Co E10?

ValueCommerce Co TSE:2491 -1.08% 60 E10 is 円95.35 as of Mar. 2026. GuruFocus rates TSE:2491 with a GF Score™ of 60/100 and a GF Value™ of 円945.27 (Significantly Undervalued). 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.

ValueCommerce Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-10.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円95.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ValueCommerce Co's average E10 Growth Rate was -5.20% per year. During the past 3 years, the average E10 Growth Rate was 8.70% per year. During the past 5 years, the average E10 Growth Rate was 16.20% 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 ValueCommerce Co was 28.10% per year. The lowest was 8.70% per year. And the median was 21.20% per year.

As of today (2026-06-30), ValueCommerce Co's current stock price is 円460.00. ValueCommerce Co's E10 for the quarter that ended in Mar. 2026 was 円95.35. ValueCommerce Co's Shiller PE Ratio of today is 4.82.

During the past 13 years, the highest Shiller PE Ratio of ValueCommerce Co was 102.29. The lowest was 4.42. And the median was 39.18.


ValueCommerce Co  (TSE:2491) 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.

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

Shiller PE Ratio=Share Price/E10
=460.00/95.35
=4.82

* 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 ValueCommerce Co was 102.29. The lowest was 4.42. And the median was 39.18.


Be Aware

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


ValueCommerce Co E10 Related Terms


ValueCommerce Co E10 Historical Data

* Premium members only.

The historical data trend for ValueCommerce 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.

ValueCommerce Co E10 Chart

ValueCommerce 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 57.01 75.66 85.01 96.36 97.19

ValueCommerce Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 100.55 104.02 105.42 97.19 95.35

TSE:2491 vs APP, OMC, TTD: E10 Comparison

For the Advertising Agencies subindustry, ValueCommerce 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.


ValueCommerce Co Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:2491
60GF Score
ValueCommerce Co Ltd TSE:2491
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ValueCommerce 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, ValueCommerce 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)
=-10.37/112.7000*112.7000
=-10.370

Current CPI (Mar. 2026) = 112.7000.

ValueCommerce Co Quarterly Data

per share eps CPI Adj_EPS
201606 -0.148 98.100 -0.170
201609 2.790 98.000 3.209
201612 3.010 98.400 3.447
201703 10.240 98.100 11.764
201706 3.796 98.500 4.343
201709 3.930 98.800 4.483
201712 13.380 99.400 15.170
201803 17.080 99.200 19.404
201806 17.680 99.200 20.086
201809 21.430 99.900 24.176
201812 24.430 99.700 27.615
201903 25.880 99.700 29.255
201906 23.280 99.800 26.289
201909 23.710 100.100 26.694
201912 30.600 100.500 34.315
202003 31.360 100.300 35.237
202006 31.720 99.900 35.784
202009 31.790 99.900 35.863
202012 37.140 99.300 42.152
202103 -27.140 99.900 -30.617
202106 42.346 99.500 47.964
202109 43.250 100.100 48.694
202112 42.360 100.100 47.692
202203 51.130 101.100 56.997
202206 45.640 101.800 50.527
202209 42.940 103.100 46.938
202212 39.810 104.100 43.099
202303 31.590 104.400 34.101
202306 25.630 105.200 27.457
202309 25.590 106.200 27.156
202312 22.340 106.800 23.574
202403 28.260 107.200 29.710
202406 24.220 108.200 25.227
202409 28.440 108.900 29.432
202412 32.320 110.700 32.904
202503 48.650 111.100 49.351
202506 38.350 111.700 38.693
202509 18.840 112.000 18.958
202512 -83.320 113.000 -83.099
202603 -10.370 112.700 -10.370

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95.35 mean?
ValueCommerce Co (TSE:2491) has a E10 of 円95.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ValueCommerce Co and its competitors.
Is ValueCommerce Co's E10 too high?
ValueCommerce Co's current E10 is 円95.35. Overall, ValueCommerce Co has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ValueCommerce Co's E10 compare to APP and OMC?
ValueCommerce Co's E10 of 円95.35 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 ValueCommerce Co and its competitors. ValueCommerce Co's current E10 is 円95.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ValueCommerce Co stock overvalued right now?
Based on GuruFocus' analysis, ValueCommerce Co (TSE:2491) is currently considered Significantly Undervalued. The stock's GF Value™ is 円945.27, compared to a current price of 円460.00 — trading 51.3% below its estimated fair value. The current E10 is 円95.35. ValueCommerce Co's overall GF Score™ is 60/100 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 ValueCommerce Co (TSE:2491), the current E10 is 円95.35 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 ValueCommerce Co (TSE:2491) Overvalued in 2026?

Based on GuruFocus' analysis, ValueCommerce Co stock appears to be undervalued. The current stock price of 円460.00 is trading 51.3% below its estimated GF Value™ of 円945.27. GuruFocus considers ValueCommerce Co to be Significantly Undervalued.

Key valuation signals for TSE:2491:

  • E10: 円95.35
  • GF Value™: 円945.27 vs. price of 円460.00 (51.3% below fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the TSE:2491 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ValueCommerce Co Business Description

Address 1-3 Kioicho, Chiyoda-ku, 21st Floor Kioi Tower, Tokyo Garden Terrace Kioicho, Tokyo, JPN, 102-8282
ValueCommerce Co Ltd is engaged in provision of Marketing Solutions Business, EC Solutions Business, and Travel Tech Business. It provides marketing solution from customer attraction to retention to maximize commerce operators' performance, Gross Merchandise Value (GMV).
60GF Score

Get the complete analysis for TSE:2491

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

円460.00
Price
円945.27
GF Value