Banners Co (TSE:3011) E10: 円6.24 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:3011 Banners Co Ltd TSE:3011
73 GF Score
Price 円146.00
GF Value 円166.26
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Banners Co E10?

Banners Co TSE:3011 +0.69% 73 E10 is 円6.24 as of Mar. 2026. GuruFocus rates TSE:3011 with a GF Score™ of 73/100 and a GF Value™ of 円166.26 (Modestly Undervalued). 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.

Banners Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円4.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円6.24 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 11.30% 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 Banners Co was 14.80% per year. The lowest was -26.10% per year. And the median was 8.10% per year.

As of today (2026-08-30), Banners Co's current stock price is 円146.00. Banners Co's E10 for the quarter that ended in Mar. 2026 was 円6.24. Banners Co's Shiller PE Ratio of today is 23.40.

During the past 13 years, the highest Shiller PE Ratio of Banners Co was 42.91. The lowest was 10.31. And the median was 27.11.


Banners Co  (TSE:3011) 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.

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

Shiller PE Ratio=Share Price/E10
=146.00/6.24
=23.40

* 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 Banners Co was 42.91. The lowest was 10.31. And the median was 27.11.


Be Aware

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


Banners Co E10 Related Terms


Banners Co E10 Historical Data

* Premium members only.

The historical data trend for Banners 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.

Banners Co E10 Chart

Banners 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 4.31 4.52 5.09 0.00 6.24

Banners Co 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 5.62 5.81 6.08 6.24 0.00

TSE:3011 vs CVNA, PAG, KMX: E10 Comparison

For the Auto & Truck Dealerships subindustry, Banners 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.


Banners Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Banners Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3011
73GF Score
Banners Co Ltd TSE:3011
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banners 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, Banners 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)
=4.33/112.7000*112.7000
=4.330

Current CPI (Mar. 2026) = 112.7000.

Banners Co Quarterly Data

per share eps CPI Adj_EPS
201603 3.750 97.900 4.317
201606 6.190 98.100 7.111
201609 1.657 98.000 1.906
201612 1.980 98.400 2.268
201703 -0.547 98.100 -0.628
201706 0.440 98.500 0.503
201709 -0.015 98.800 -0.017
201712 1.120 99.400 1.270
201803 1.300 99.200 1.477
201806 1.450 99.200 1.647
201809 -3.099 99.900 -3.496
201812 1.840 99.700 2.080
201903 2.690 99.700 3.041
201906 -7.670 99.800 -8.661
201909 0.230 100.100 0.259
201912 -0.266 100.500 -0.298
202003 -6.810 100.300 -7.652
202006 -2.790 99.900 -3.147
202009 -0.140 99.900 -0.158
202012 0.828 99.300 0.940
202103 3.740 99.900 4.219
202106 0.260 99.500 0.294
202109 0.822 100.100 0.925
202112 1.300 100.100 1.464
202203 6.390 101.100 7.123
202206 1.630 101.800 1.805
202209 1.860 103.100 2.033
202212 2.204 104.100 2.386
202303 4.080 104.400 4.404
202306 1.590 105.200 1.703
202309 2.710 106.200 2.876
202312 2.980 106.800 3.145
202403 4.700 107.200 4.941
202406 3.340 108.200 3.479
202409 3.550 108.900 3.674
202503 0.000 111.100 0.000
202506 2.910 111.700 2.936
202509 3.680 112.000 3.703
202512 2.660 113.000 2.653
202603 4.330 112.700 4.330

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6.24 mean?
Banners Co (TSE:3011) has a E10 of 円6.24 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Banners Co and its competitors.
Is Banners Co's E10 too high?
Banners Co's current E10 is 円6.24. Overall, Banners Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banners Co's E10 compare to CVNA and PAG?
Banners Co's E10 of 円6.24 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Banners Co and its competitors. Banners Co's current E10 is 円6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banners Co stock overvalued right now?
Based on GuruFocus' analysis, Banners Co (TSE:3011) is currently considered Modestly Undervalued. The stock's GF Value™ is 円166.26, compared to a current price of 円146.00 — trading 12.2% below its estimated fair value. The current E10 is 円6.24. Banners Co's overall GF Score™ is 73/100 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 Banners Co (TSE:3011), the current E10 is 円6.24 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 Banners Co (TSE:3011) Overvalued in 2026?

Based on GuruFocus' analysis, Banners Co stock appears to be undervalued. The current stock price of 円146.00 is trading 12.2% below its estimated GF Value™ of 円166.26. GuruFocus considers Banners Co to be Modestly Undervalued.

Key valuation signals for TSE:3011:

  • E10: 円6.24
  • GF Value™: 円166.26 vs. price of 円146.00 (12.2% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TSE:3011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banners Co Business Description

Address 102 Ishihara 1-chome, Kumagaya-shi, Saitama, JPN, 3600816
Banners Co Ltd is a Japan-based company. The company operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.
73GF Score

Get the complete analysis for TSE:3011

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

円146.00
Price
円166.26
GF Value