Applied Co (TSE:3020) E10: 円512.58 (As of Mar. 2026)

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.
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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:3020 Applied Co Ltd TSE:3020
75 GF Score
Price 円4,330.00
GF Value 円3,208.41
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Applied Co E10?

Applied Co TSE:3020 +0.12% 75 E10 is 円512.58 as of Mar. 2026. GuruFocus rates TSE:3020 with a GF Score™ of 75/100 and a GF Value™ of 円3,208.41 (Significantly Overvalued). The stock has 2 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.

Applied Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円245.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円512.58 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 13.50% 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 Applied Co was 34.00% per year. The lowest was 13.50% per year. And the median was 23.60% per year.

As of today (2026-08-29), Applied Co's current stock price is 円4330.00. Applied Co's E10 for the quarter that ended in Mar. 2026 was 円512.58. Applied Co's Shiller PE Ratio of today is 8.45.

During the past 13 years, the highest Shiller PE Ratio of Applied Co was 34.73. The lowest was 5.56. And the median was 9.46.


Applied Co  (TSE:3020) 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.

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

Shiller PE Ratio=Share Price/E10
=4330.00/512.58
=8.45

* 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 Applied Co was 34.73. The lowest was 5.56. And the median was 9.46.


Be Aware

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


Applied Co E10 Related Terms


Applied Co E10 Historical Data

* Premium members only.

The historical data trend for Applied 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.

Applied Co E10 Chart

Applied 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 285.16 350.43 400.21 0.00 512.58

Applied Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 451.27 476.53 496.87 512.58 0.00

TSE:3020 vs SNX, ARW, AVT: E10 Comparison

For the Electronics & Computer Distribution subindustry, Applied 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.


Applied Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Applied Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3020
75GF Score
Applied Co Ltd TSE:3020
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied 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, Applied 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)
=245.6/112.7000*112.7000
=245.600

Current CPI (Mar. 2026) = 112.7000.

Applied Co Quarterly Data

per share eps CPI Adj_EPS
201512 70.924 98.100 81.479
201603 64.620 97.900 74.389
201606 82.470 98.100 94.744
201609 47.283 98.000 54.375
201612 86.630 98.400 99.220
201703 46.850 98.100 53.823
201706 75.310 98.500 86.167
201709 39.010 98.800 44.498
201712 83.931 99.400 95.161
201803 132.007 99.200 149.972
201806 60.880 99.200 69.165
201809 74.790 99.900 84.373
201812 102.630 99.700 116.012
201903 208.610 99.700 235.811
201906 54.550 99.800 61.601
201909 124.140 100.100 139.766
201912 153.210 100.500 171.809
202003 112.150 100.300 126.015
202006 182.560 99.900 205.951
202009 116.770 99.900 131.732
202012 85.270 99.300 96.777
202103 196.813 99.900 222.030
202106 127.160 99.500 144.029
202109 125.240 100.100 141.004
202112 149.810 100.100 168.667
202203 147.240 101.100 164.134
202206 42.180 101.800 46.696
202209 76.949 103.100 84.114
202212 129.840 104.100 140.566
202303 157.228 104.400 169.728
202306 91.240 105.200 97.745
202309 103.216 106.200 109.533
202312 148.530 106.800 156.735
202403 104.697 107.200 110.069
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 146.620 111.700 147.933
202509 236.760 112.000 238.240
202512 210.450 113.000 209.891
202603 245.600 112.700 245.600

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512.58 mean?
Applied Co (TSE:3020) has a E10 of 円512.58 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Applied Co and its competitors.
Is Applied Co's E10 too high?
Applied Co's current E10 is 円512.58. Overall, Applied Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Co's E10 compare to SNX and ARW?
Applied Co's E10 of 円512.58 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Applied Co and its competitors. Applied Co's current E10 is 円512.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Co stock overvalued right now?
Based on GuruFocus' analysis, Applied Co (TSE:3020) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,208.41, compared to a current price of 円4,330.00 — trading 35% above its estimated fair value. The current E10 is 円512.58. Applied Co's overall GF Score™ is 75/100 with 2 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 Applied Co (TSE:3020), the current E10 is 円512.58 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 Applied Co (TSE:3020) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Co stock appears to be overvalued. The current stock price of 円4,330.00 is trading 35% above its estimated GF Value™ of 円3,208.41. GuruFocus considers Applied Co to be Significantly Overvalued.

Key valuation signals for TSE:3020:

  • E10: 円512.58
  • GF Value™: 円3,208.41 vs. price of 円4,330.00 (35% above fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the TSE:3020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Co Business Description

Address 3-3-1 Higashi-Hie, Hakata-ku, Fukuoka, JPN, 812-0007
Applied Co Ltd is engaged in contract development and maintenance of work WEB systems, digital development, content development for consumers, operation of a game shop, purchase and sale of used handsets, planning and development of technical services, and contract production of OEM products.
75GF Score

Get the complete analysis for TSE:3020

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

円4,330.00
Price
円3,208.41
GF Value