Asmo (TSE:2654) E10: 円38.28 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:2654 Asmo Corp TSE:2654
67 GF Score
Price 円429.00
GF Value 円392.32
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Asmo E10?

Asmo TSE:2654 -2.05% 67 E10 is 円38.28 as of Mar. 2026. GuruFocus rates TSE:2654 with a GF Score™ of 67/100 and a GF Value™ of 円392.32 (Fairly Valued). 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.

Asmo's adjusted earnings per share data for the three months ended in Mar. 2026 was 円11.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円38.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asmo's average E10 Growth Rate was -2.70% per year. During the past 3 years, the average E10 Growth Rate was -4.00% per year. During the past 5 years, the average E10 Growth Rate was -5.40% 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 Asmo was 30.70% per year. The lowest was -14.10% per year. And the median was -4.70% per year.

As of today (2026-09-15), Asmo's current stock price is 円429.00. Asmo's E10 for the quarter that ended in Mar. 2026 was 円38.28. Asmo's Shiller PE Ratio of today is 11.21.

During the past 13 years, the highest Shiller PE Ratio of Asmo was 30.02. The lowest was 5.69. And the median was 9.89.


Asmo  (TSE:2654) 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.

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

Shiller PE Ratio=Share Price/E10
=429.00/38.28
=11.21

* 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 Asmo was 30.02. The lowest was 5.69. And the median was 9.89.


Be Aware

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


Asmo E10 Related Terms


Asmo E10 Historical Data

* Premium members only.

The historical data trend for Asmo'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.

Asmo E10 Chart

Asmo 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 44.71 41.63 39.28 0.00 38.28

Asmo 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 39.11 39.60 39.01 38.28 0.00

TSE:2654 vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Asmo'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.


Asmo Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asmo's Shiller PE Ratio distribution charts can be found below:

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


TSE:2654
67GF Score
Asmo Corp TSE:2654
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asmo 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, Asmo'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)
=11.29/112.7000*112.7000
=11.290

Current CPI (Mar. 2026) = 112.7000.

Asmo Quarterly Data

per share eps CPI Adj_EPS
201603 7.889 97.900 9.082
201606 5.800 98.100 6.663
201609 13.260 98.000 15.249
201612 15.555 98.400 17.816
201703 7.810 98.100 8.972
201706 12.030 98.500 13.764
201709 13.453 98.800 15.346
201712 10.350 99.400 11.735
201803 8.655 99.200 9.833
201806 10.560 99.200 11.997
201809 13.050 99.900 14.722
201812 11.662 99.700 13.183
201903 13.320 99.700 15.057
201906 12.390 99.800 13.992
201909 14.614 100.100 16.454
201912 15.040 100.500 16.866
202003 6.000 100.300 6.742
202006 9.350 99.900 10.548
202009 9.510 99.900 10.728
202012 12.950 99.300 14.698
202103 -2.425 99.900 -2.736
202106 5.010 99.500 5.675
202109 10.150 100.100 11.428
202112 8.300 100.100 9.345
202203 1.880 101.100 2.096
202206 2.450 101.800 2.712
202209 4.170 103.100 4.558
202212 3.180 104.100 3.443
202303 5.376 104.400 5.803
202306 8.230 105.200 8.817
202309 6.580 106.200 6.983
202312 7.248 106.800 7.648
202403 12.840 107.200 13.499
202406 6.230 108.200 6.489
202409 -0.630 108.900 -0.652
202503 0.000 111.100 0.000
202506 5.110 111.700 5.156
202509 10.840 112.000 10.908
202512 7.350 113.000 7.330
202603 11.290 112.700 11.290

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38.28 mean?
Asmo (TSE:2654) has a E10 of 円38.28 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Asmo and its competitors.
Is Asmo's E10 too high?
Asmo's current E10 is 円38.28. Overall, Asmo has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asmo's E10 compare to KHC and GIS?
Asmo's E10 of 円38.28 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Asmo and its competitors. Asmo's current E10 is 円38.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asmo stock overvalued right now?
Based on GuruFocus' analysis, Asmo (TSE:2654) is currently considered Fairly Valued. The stock's GF Value™ is 円392.32, compared to a current price of 円429.00 — trading 9.3% above its estimated fair value. The current E10 is 円38.28. Asmo's overall GF Score™ is 67/100 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 Asmo (TSE:2654), the current E10 is 円38.28 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 Asmo (TSE:2654) Overvalued in 2026?

Based on GuruFocus' analysis, Asmo stock appears to be overvalued. The current stock price of 円429.00 is trading 9.3% above its estimated GF Value™ of 円392.32. GuruFocus considers Asmo to be Fairly Valued.

Key valuation signals for TSE:2654:

  • E10: 円38.28
  • GF Value™: 円392.32 vs. price of 円429.00 (9.3% above fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the TSE:2654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asmo Business Description

Address 2-4-1 Nishi-Shinjuku, Shinjuku NS Building, 25th floor, Shinjuku-ku, Osaka, JPN, 5590011
Asmo Corp is engaged in business activities involving the import of meat, the sale of meat and processed meat products, the provision of meals to elderly care facilities, the operation of home visit and nursing care offices, the operation of paid nursing homes, and the operation of restaurants overseas.
67GF Score

Get the complete analysis for TSE:2654

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

円429.00
Price
円392.32
GF Value