Miratap (TSE:3187) E10: 円9.29 (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:3187 Miratap Inc TSE:3187
64 GF Score
Price 円359.00
GF Value 円392.56
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Miratap E10?

Miratap TSE:3187 -0.28% 64 E10 is 円9.29 as of Mar. 2026. GuruFocus rates TSE:3187 with a GF Score™ of 64/100 and a GF Value™ of 円392.56 (Fairly Valued). The stock has 8 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.

Miratap's adjusted earnings per share data for the three months ended in Mar. 2026 was 円8.510. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円9.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Miratap's average E10 Growth Rate was -22.80% 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.

As of today (2026-08-29), Miratap's current stock price is 円359.00. Miratap's E10 for the quarter that ended in Mar. 2026 was 円9.29. Miratap's Shiller PE Ratio of today is 38.64.

During the past 13 years, the highest Shiller PE Ratio of Miratap was 96.50. The lowest was 25.19. And the median was 33.44.


Miratap  (TSE:3187) 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.

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

Shiller PE Ratio=Share Price/E10
=359.00/9.29
=38.64

* 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 Miratap was 96.50. The lowest was 25.19. And the median was 33.44.


Be Aware

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


Miratap E10 Related Terms


Miratap E10 Historical Data

* Premium members only.

The historical data trend for Miratap'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.

Miratap E10 Chart

Miratap Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 10.76 13.60 9.33

Miratap Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 11.61 9.33 9.10 9.29 0.00

TSE:3187 vs AMZN, BABA, PDD: E10 Comparison

For the Internet Retail subindustry, Miratap'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.


Miratap Shiller PE Ratio vs Retail - Cyclical Industry

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

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


TSE:3187
64GF Score
Miratap Inc TSE:3187
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Miratap 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, Miratap'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)
=8.51/112.7000*112.7000
=8.510

Current CPI (Mar. 2026) = 112.7000.

Miratap Quarterly Data

per share eps CPI Adj_EPS
201606 -1.660 98.100 -1.907
201609 1.470 98.000 1.691
201612 0.580 98.400 0.664
201703 0.690 98.100 0.793
201706 1.640 98.500 1.876
201709 8.130 98.800 9.274
201712 1.850 99.400 2.098
201803 0.830 99.200 0.943
201806 -1.420 99.200 -1.613
201809 -0.250 99.900 -0.282
201812 -1.950 99.700 -2.204
201903 3.362 99.700 3.800
201906 -2.590 99.800 -2.925
201909 3.702 100.100 4.168
201912 -1.580 100.500 -1.772
202003 1.798 100.300 2.020
202006 0.400 99.900 0.451
202009 -10.310 99.900 -11.631
202012 -4.730 99.300 -5.368
202103 6.750 99.900 7.615
202106 -1.680 99.500 -1.903
202109 -3.276 100.100 -3.688
202112 9.590 100.100 10.797
202203 12.590 101.100 14.035
202206 5.570 101.800 6.166
202209 5.570 103.100 6.089
202212 9.240 104.100 10.003
202303 14.896 104.400 16.080
202306 6.380 105.200 6.835
202309 -2.241 106.200 -2.378
202312 9.270 106.800 9.782
202403 15.446 107.200 16.238
202406 2.602 108.200 2.710
202409 7.288 108.900 7.542
202412 -8.020 110.700 -8.165
202503 2.090 111.100 2.120
202506 -3.120 111.700 -3.148
202509 -15.500 112.000 -15.597
202512 3.200 113.000 3.192
202603 8.510 112.700 8.510

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9.29 mean?
Miratap (TSE:3187) has a E10 of 円9.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Miratap and its competitors.
Is Miratap's E10 too high?
Miratap's current E10 is 円9.29. Overall, Miratap has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Miratap's E10 compare to AMZN and BABA?
Miratap's E10 of 円9.29 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 Miratap and its competitors. Miratap's current E10 is 円9.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miratap stock overvalued right now?
Based on GuruFocus' analysis, Miratap (TSE:3187) is currently considered Fairly Valued. The stock's GF Value™ is 円392.56, compared to a current price of 円359.00 — trading 8.5% below its estimated fair value. The current E10 is 円9.29. Miratap's overall GF Score™ is 64/100 with 8 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 Miratap (TSE:3187), the current E10 is 円9.29 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 Miratap (TSE:3187) Overvalued in 2026?

Based on GuruFocus' analysis, Miratap stock appears to be undervalued. The current stock price of 円359.00 is trading 8.5% below its estimated GF Value™ of 円392.56. GuruFocus considers Miratap to be Fairly Valued.

Key valuation signals for TSE:3187:

  • E10: 円9.29
  • GF Value™: 円392.56 vs. price of 円359.00 (8.5% below fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the TSE:3187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miratap Business Description

Address 5-54 Ofukacho, Kita-ku, Osaka, JPN, 541-0041
Miratap Inc is an online retailer that offers housing equipment and building materials. It offers products related to kitchen, bathroom, flooring, interior building materials, exterior building materials, maintenance construction materials, and others. The Company has two reportable segments: the "Housing Equipment and Building Materials E-Commerce Business" and the "Housing Business".
64GF Score

Get the complete analysis for TSE:3187

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

円359.00
Price
円392.56
GF Value