ASKUL (TSE:2678) E10: 円68.83 (As of Nov. 2025)


TSE:2678 ASKUL Corp TSE:2678
59 GF Score
Price 円1,191.00
GF Value 円1,752.74
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is ASKUL E10?

ASKUL TSE:2678 -2.14% 59 E10 is 円68.83 as of Nov. 2025. GuruFocus rates TSE:2678 with a GF Score™ of 59/100 and a GF Value™ of 円1,752.74 (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.

ASKUL's adjusted earnings per share data for the three months ended in Nov. 2025 was 円-76.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円68.83 for the trailing ten years ended in Nov. 2025.

During the past 12 months, ASKUL's average E10 Growth Rate was -7.60% per year. During the past 3 years, the average E10 Growth Rate was 19.70% per year. During the past 5 years, the average E10 Growth Rate was 21.00% 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 ASKUL was 21.70% per year. The lowest was 3.30% per year. And the median was 19.50% per year.

As of today (2026-07-01), ASKUL's current stock price is 円1191.00. ASKUL's E10 for the quarter that ended in Nov. 2025 was 円68.83. ASKUL's Shiller PE Ratio of today is 17.30.

During the past 13 years, the highest Shiller PE Ratio of ASKUL was 75.48. The lowest was 16.52. And the median was 38.48.


ASKUL  (TSE:2678) 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.

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

Shiller PE Ratio=Share Price/E10
=1191.00/68.83
=17.30

* 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 ASKUL was 75.48. The lowest was 16.52. And the median was 38.48.


Be Aware

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


ASKUL E10 Related Terms


ASKUL E10 Historical Data

* Premium members only.

The historical data trend for ASKUL'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.

ASKUL E10 Chart

ASKUL Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.02 45.56 51.18 70.27 78.14

ASKUL Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 76.11 78.14 76.75 68.83 0.00

TSE:2678 vs AMZN, BABA, PDD: E10 Comparison

For the Internet Retail subindustry, ASKUL'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.


ASKUL Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ASKUL's Shiller PE Ratio distribution charts can be found below:

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


TSE:2678
59GF Score
ASKUL Corp TSE:2678
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASKUL 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, ASKUL's adjusted earnings per share data for the three months ended in Nov. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=-76.37/113.2000*113.2000
=-76.370

Current CPI (Nov. 2025) = 113.2000.

ASKUL Quarterly Data

per share eps CPI Adj_EPS
201602 15.630 97.800 18.091
201605 8.275 98.200 9.539
201608 6.220 97.900 7.192
201611 14.067 98.600 16.150
201702 -48.700 98.100 -56.196
201705 38.255 98.600 43.920
201708 5.440 98.500 6.252
201711 27.850 99.100 31.813
201802 12.315 99.500 14.011
201805 0.410 99.300 0.467
201808 -2.305 99.800 -2.614
201811 5.385 100.000 6.096
201902 7.840 99.700 8.902
201905 -6.680 100.000 -7.562
201908 8.925 100.000 10.103
201911 12.435 100.500 14.006
202002 18.810 100.300 21.229
202005 14.970 100.100 16.929
202008 14.650 100.100 16.567
202011 19.010 99.500 21.627
202102 26.350 99.800 29.888
202105 15.650 99.400 17.823
202108 20.990 99.700 23.832
202111 23.320 100.100 26.372
202202 25.340 100.700 28.485
202205 21.110 101.800 23.474
202208 19.390 102.700 21.372
202211 26.540 103.900 28.916
202302 26.800 104.000 29.171
202305 27.620 105.100 29.749
202308 17.700 105.900 18.920
202311 29.820 106.900 31.577
202402 118.020 106.900 124.975
202405 30.820 108.100 32.274
202408 16.050 109.100 16.653
202411 23.000 110.000 23.669
202502 25.000 110.800 25.542
202505 31.320 111.800 31.712
202508 3.690 112.100 3.726
202511 -76.370 113.200 -76.370

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68.83 mean?
ASKUL (TSE:2678) has a E10 of 円68.83 as of Nov. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASKUL and its competitors.
Is ASKUL's E10 too high?
ASKUL's current E10 is 円68.83. Overall, ASKUL has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASKUL's E10 compare to AMZN and BABA?
ASKUL's E10 of 円68.83 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 ASKUL and its competitors. ASKUL's current E10 is 円68.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASKUL stock overvalued right now?
Based on GuruFocus' analysis, ASKUL (TSE:2678) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,752.74, compared to a current price of 円1,191.00 — trading 32% below its estimated fair value. The current E10 is 円68.83. ASKUL's overall GF Score™ is 59/100 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 ASKUL (TSE:2678), the current E10 is 円68.83 as of Nov. 2025. 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 ASKUL (TSE:2678) Overvalued in 2026?

Based on GuruFocus' analysis, ASKUL stock appears to be undervalued. The current stock price of 円1,191.00 is trading 32% below its estimated GF Value™ of 円1,752.74. GuruFocus considers ASKUL to be Significantly Undervalued.

Key valuation signals for TSE:2678:

  • E10: 円68.83
  • GF Value™: 円1,752.74 vs. price of 円1,191.00 (32% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the TSE:2678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASKUL Business Description

Address 3-2-3 Toyosu Koto Ward, Toyosu Cubic Garden, 11 Floor, Koto-ku, Tokyo, JPN, 135-0061
ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations.
59GF Score

Get the complete analysis for TSE:2678

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

円1,191.00
Price
円1,752.74
GF Value