Hulic Co (TSE:3003) E10: 円107.74 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3003 Hulic Co Ltd TSE:3003
86 GF Score
Price 円1,789.00
GF Value 円2,193.44
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hulic Co E10?

Hulic Co TSE:3003 -0.06% 86 E10 is 円107.74 as of Dec. 2025. GuruFocus rates TSE:3003 with a GF Score™ of 86/100 and a GF Value™ of 円2,193.44 (Modestly 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.

Hulic Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円70.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円107.74 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Hulic Co's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 13.90% per year. During the past 5 years, the average E10 Growth Rate was 27.50% 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 Hulic Co was 48.70% per year. The lowest was 13.90% per year. And the median was 31.55% per year.

As of today (2026-07-19), Hulic Co's current stock price is 円1789.00. Hulic Co's E10 for the quarter that ended in Dec. 2025 was 円107.74. Hulic Co's Shiller PE Ratio of today is 16.60.

During the past 13 years, the highest Shiller PE Ratio of Hulic Co was 61.61. The lowest was 13.85. And the median was 16.94.


Hulic Co  (TSE:3003) 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.

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

Shiller PE Ratio=Share Price/E10
=1789.00/107.74
=16.60

* 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 Hulic Co was 61.61. The lowest was 13.85. And the median was 16.94.


Be Aware

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


Hulic Co E10 Related Terms


Hulic Co E10 Historical Data

* Premium members only.

The historical data trend for Hulic 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.

Hulic Co E10 Chart

Hulic 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 62.37 72.84 84.24 96.65 107.74

Hulic 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 97.60 100.74 101.62 107.74 0.00

TSE:3003 vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Hulic 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.


Hulic Co Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3003
86GF Score
Hulic Co Ltd TSE:3003
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hulic 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, Hulic Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=70.71/113.0000*113.0000
=70.710

Current CPI (Dec. 2025) = 113.0000.

Hulic Co Quarterly Data

per share eps CPI Adj_EPS
201603 15.190 97.900 17.533
201606 11.650 98.100 13.419
201609 12.820 98.000 14.782
201612 13.320 98.400 15.296
201703 10.360 98.100 11.934
201706 21.270 98.500 24.401
201709 9.770 98.800 11.174
201712 22.980 99.400 26.124
201803 13.340 99.200 15.196
201806 22.550 99.200 25.687
201809 14.844 99.900 16.791
201812 24.440 99.700 27.700
201903 10.090 99.700 11.436
201906 29.573 99.800 33.484
201909 16.011 100.100 18.074
201912 32.876 100.500 36.965
202003 19.730 100.300 22.228
202006 21.485 99.900 24.302
202009 1.730 99.900 1.957
202012 52.270 99.300 59.481
202103 18.830 99.900 21.299
202106 34.970 99.500 39.715
202109 6.770 100.100 7.642
202112 38.182 100.100 43.103
202203 24.040 101.100 26.870
202206 24.520 101.800 27.218
202209 15.340 103.100 16.813
202212 40.060 104.100 43.485
202303 28.890 104.400 31.270
202306 29.050 105.200 31.204
202309 19.160 106.200 20.387
202312 47.210 106.800 49.951
202403 20.800 107.200 21.925
202406 37.140 108.200 38.788
202409 13.740 108.900 14.257
202412 62.700 110.700 64.003
202503 20.800 111.100 21.156
202506 38.260 111.700 38.705
202509 20.730 112.000 20.915
202512 70.710 113.000 70.710

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107.74 mean?
Hulic Co (TSE:3003) has a E10 of 円107.74 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hulic Co and its competitors.
Is Hulic Co's E10 too high?
Hulic Co's current E10 is 円107.74. Overall, Hulic Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hulic Co's E10 compare to CBRE and BEKE?
Hulic Co's E10 of 円107.74 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Hulic Co and its competitors. Hulic Co's current E10 is 円107.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulic Co stock overvalued right now?
Based on GuruFocus' analysis, Hulic Co (TSE:3003) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,193.44, compared to a current price of 円1,789.00 — trading 18.4% below its estimated fair value. The current E10 is 円107.74. Hulic Co's overall GF Score™ is 86/100 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 Hulic Co (TSE:3003), the current E10 is 円107.74 as of Dec. 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 Hulic Co (TSE:3003) Overvalued in 2026?

Based on GuruFocus' analysis, Hulic Co stock appears to be undervalued. The current stock price of 円1,789.00 is trading 18.4% below its estimated GF Value™ of 円2,193.44. GuruFocus considers Hulic Co to be Modestly Undervalued.

Key valuation signals for TSE:3003:

  • E10: 円107.74
  • GF Value™: 円2,193.44 vs. price of 円1,789.00 (18.4% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TSE:3003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hulic Co Business Description

Other Exchanges HULCF:USA87W:Germany
Address 7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN, 103-0011
Hulic Co Ltd is a real estate developer with its core operations in real estate business such as development, reconstruction, and investment. The company operates a real estate leasing business based on ownership of numerous properties located in Tokyo 23 wards.
86GF Score

Get the complete analysis for TSE:3003

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

円1,789.00
Price
円2,193.44
GF Value