Shirohato Co (TSE:3192) E10: 円-0.96 (As of May. 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.
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:3192 Shirohato Co Ltd TSE:3192
54 GF Score
Price 円300.00
GF Value 円267.17
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Shirohato Co E10?

Shirohato Co TSE:3192 +0.67% 54 E10 is 円-0.96 as of May. 2026. GuruFocus rates TSE:3192 with a GF Score™ of 54/100 and a GF Value™ of 円267.17 (Modestly Overvalued). 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.

Shirohato Co's adjusted earnings per share data for the three months ended in May. 2026 was 円-0.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-0.96 for the trailing ten years ended in May. 2026.

During the past 12 months, Shirohato Co's average E10 Growth Rate was -119.10% 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 (2026-08-22), Shirohato Co's current stock price is 円300.00. Shirohato Co's E10 for the quarter that ended in May. 2026 was 円-0.96. Shirohato Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Shirohato Co was 2041.67. The lowest was 52.59. And the median was 139.08.


Shirohato Co  (TSE:3192) 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.

During the past 13 years, the highest Shiller P/E Ratio of Shirohato Co was 2041.67. The lowest was 52.59. And the median was 139.08.


Be Aware

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


Shirohato Co E10 Related Terms


Shirohato Co E10 Historical Data

* Premium members only.

The historical data trend for Shirohato 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.

Shirohato Co E10 Chart

Shirohato Co Annual Data
Trend Aug16 Aug17 Aug18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.29 0.00

Shirohato Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.02 3.73 1.63 0.24 -0.96

TSE:3192 vs AMZN, BABA, PDD: E10 Comparison

For the Internet Retail subindustry, Shirohato 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.


Shirohato Co Shiller PE Ratio vs Retail - Cyclical Industry

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

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


TSE:3192
54GF Score
Shirohato Co Ltd TSE:3192
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shirohato 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, Shirohato Co's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-0.85/113.5000*113.5000
=-0.850

Current CPI (May. 2026) = 113.5000.

Shirohato Co Quarterly Data

per share eps CPI Adj_EPS
201605 5.010 98.200 5.791
201608 4.310 97.900 4.997
201611 1.350 98.600 1.554
201702 4.860 98.100 5.623
201705 7.350 98.600 8.461
201708 16.610 98.500 19.139
201711 11.440 99.100 13.102
201802 5.830 99.500 6.650
201805 2.790 99.300 3.189
201808 2.130 99.800 2.422
201811 1.240 100.000 1.407
201902 -1.100 99.700 -1.252
201905 -5.360 100.000 -6.084
201908 -5.161 100.000 -5.858
201911 1.240 100.500 1.400
202002 -11.560 100.300 -13.081
202005 -3.120 100.100 -3.538
202008 -10.944 100.100 -12.409
202011 -8.030 99.500 -9.160
202102 -21.076 99.800 -23.969
202105 -1.220 99.400 -1.393
202108 -1.320 99.700 -1.503
202111 -2.380 100.100 -2.699
202202 -28.607 100.700 -32.243
202205 2.310 101.800 2.575
202208 5.080 102.700 5.614
202211 -2.694 103.900 -2.943
202302 6.400 104.000 6.985
202305 -8.710 105.100 -9.406
202308 -3.110 105.900 -3.333
202311 -2.213 106.900 -2.350
202402 -4.094 106.900 -4.347
202405 -6.140 108.100 -6.447
202408 0.893 109.100 0.929
202502 0.000 110.800 0.000
202505 63.620 111.800 64.587
202508 -8.780 112.100 -8.890
202511 -7.530 113.200 -7.550
202602 -4.390 112.200 -4.441
202605 -0.850 113.500 -0.850

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-0.96 mean?
Shirohato Co (TSE:3192) has a E10 of 円-0.96 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shirohato Co and its competitors.
Is Shirohato Co's E10 too high?
Shirohato Co's current E10 is 円-0.96. Overall, Shirohato Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shirohato Co's E10 compare to AMZN and BABA?
Shirohato Co's E10 of 円-0.96 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 Shirohato Co and its competitors. Shirohato Co's current E10 is 円-0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shirohato Co stock overvalued right now?
Based on GuruFocus' analysis, Shirohato Co (TSE:3192) is currently considered Modestly Overvalued. The stock's GF Value™ is 円267.17, compared to a current price of 円300.00 — trading 12.3% above its estimated fair value. The current E10 is 円-0.96. Shirohato Co's overall GF Score™ is 54/100 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 Shirohato Co (TSE:3192), the current E10 is 円-0.96 as of May. 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 Shirohato Co (TSE:3192) Overvalued in 2026?

Based on GuruFocus' analysis, Shirohato Co stock appears to be overvalued. The current stock price of 円300.00 is trading 12.3% above its estimated GF Value™ of 円267.17. GuruFocus considers Shirohato Co to be Modestly Overvalued.

Key valuation signals for TSE:3192:

  • E10: 円-0.96
  • GF Value™: 円267.17 vs. price of 円300.00 (12.3% above fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the TSE:3192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shirohato Co Business Description

Address 505 Takeda Mukaishiro-cho, Fushimi-ku, Kyoto, JPN, 612-8418
Shirohato Co Ltd operates as an online shopping website company. It offers innerwear for men and women. The business activity of the group includes the purchase of innerwear from inner manufacturers and selling to individual customers through various channels on the Internet.
54GF Score

Get the complete analysis for TSE:3192

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

円300.00
Price
円267.17
GF Value