Hotman Co (TSE:3190) E10: 円36.20 (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:3190 Hotman Co Ltd TSE:3190
61 GF Score
Price 円581.00
GF Value 円625.28
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Hotman Co E10?

Hotman Co TSE:3190 -1.19% 61 E10 is 円36.20 as of Mar. 2026. GuruFocus rates TSE:3190 with a GF Score™ of 61/100 and a GF Value™ of 円625.28 (Fairly Valued). 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.

Hotman Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-39.800. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円36.20 for the trailing ten years ended in Mar. 2026.

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 (2026-08-27), Hotman Co's current stock price is 円581.00. Hotman Co's E10 for the quarter that ended in Mar. 2026 was 円36.20. Hotman Co's Shiller PE Ratio of today is 16.05.

During the past 13 years, the highest Shiller PE Ratio of Hotman Co was 19.19. The lowest was 11.77. And the median was 15.72.


Hotman Co  (TSE:3190) 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.

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

Shiller PE Ratio=Share Price/E10
=581.00/36.20
=16.05

* 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 Hotman Co was 19.19. The lowest was 11.77. And the median was 15.72.


Be Aware

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


Hotman Co E10 Related Terms


Hotman Co E10 Historical Data

* Premium members only.

The historical data trend for Hotman 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.

Hotman Co E10 Chart

Hotman 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 0.00 0.00 35.35 0.00 36.20

Hotman 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 36.35 32.99 48.42 36.20 0.00

Hotman Co E10 Competitor Comparison

For the Textile Manufacturing subindustry, Hotman 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.


Hotman Co Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hotman Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3190
61GF Score
Hotman Co Ltd TSE:3190
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotman 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, Hotman 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)
=-39.8/112.7000*112.7000
=-39.800

Current CPI (Mar. 2026) = 112.7000.

Hotman Co Quarterly Data

per share eps CPI Adj_EPS
201603 -3.331 97.900 -3.835
201606 -3.080 98.100 -3.538
201609 -36.280 98.000 -41.722
201612 68.329 98.400 78.259
201703 -18.467 98.100 -21.215
201706 19.390 98.500 22.185
201709 -21.410 98.800 -24.422
201712 74.168 99.400 84.092
201803 -29.840 99.200 -33.901
201806 9.430 99.200 10.713
201809 -11.920 99.900 -13.447
201812 87.430 99.700 98.830
201903 -31.618 99.700 -35.741
201906 10.490 99.800 11.846
201909 5.580 100.100 6.282
201912 69.987 100.500 78.483
202003 -46.970 100.300 -52.777
202006 11.550 99.900 13.030
202009 -13.480 99.900 -15.207
202012 96.921 99.300 110.000
202103 -46.590 99.900 -52.559
202106 10.230 99.500 11.587
202109 -37.580 100.100 -42.310
202112 99.434 100.100 111.950
202203 -34.450 101.100 -38.403
202206 4.720 101.800 5.225
202209 -24.582 103.100 -26.871
202212 94.210 104.100 101.993
202303 -47.800 104.400 -51.600
202306 14.740 105.200 15.791
202309 -36.107 106.200 -38.317
202312 98.450 106.800 103.889
202403 -48.050 107.200 -50.515
202406 23.480 108.200 24.457
202409 -38.170 108.900 -39.502
202503 0.000 111.100 0.000
202506 17.140 111.700 17.293
202509 -37.430 112.000 -37.664
202512 110.680 113.000 110.386
202603 -39.800 112.700 -39.800

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36.20 mean?
Hotman Co (TSE:3190) has a E10 of 円36.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hotman Co and its competitors.
Is Hotman Co's E10 too high?
Hotman Co's current E10 is 円36.20. Overall, Hotman Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hotman Co's E10 compare to competitors?
Hotman Co's E10 of 円36.20 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Hotman Co and its competitors. Hotman Co's current E10 is 円36.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotman Co stock overvalued right now?
Based on GuruFocus' analysis, Hotman Co (TSE:3190) is currently considered Fairly Valued. The stock's GF Value™ is 円625.28, compared to a current price of 円581.00 — trading 7.1% below its estimated fair value. The current E10 is 円36.20. Hotman Co's overall GF Score™ is 61/100 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 Hotman Co (TSE:3190), the current E10 is 円36.20 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 Hotman Co (TSE:3190) Overvalued in 2026?

Based on GuruFocus' analysis, Hotman Co stock appears to be undervalued. The current stock price of 円581.00 is trading 7.1% below its estimated GF Value™ of 円625.28. GuruFocus considers Hotman Co to be Fairly Valued.

Key valuation signals for TSE:3190:

  • E10: 円36.20
  • GF Value™: 円625.28 vs. price of 円581.00 (7.1% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the TSE:3190 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hotman Co Business Description

Address 4-4-17 Nishitaga, Taihaku-ku, Miyagi-ken, Sendai, JPN, 982?0034
Hotman Co Ltd is a Japan-based company engaged in the automotive supplies and automotive-related business. Its operating segments include: the Yellow Hat Business, which sells, installs, and maintains car accessories; the TSUTAYA Business, which offers books, stationery, and DVD rentals; and the Up Garage Business, focused on buying and selling used car-related products. It generates the majority of its revenue from the Yellow Hat Business.
61GF Score

Get the complete analysis for TSE:3190

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

円581.00
Price
円625.28
GF Value