Shoei Yakuhin Co (TSE:3537) E10: 円124.02 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:3537 Shoei Yakuhin Co Ltd TSE:3537
71 GF Score
Price 円1,638.00
GF Value 円1,628.59
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Shoei Yakuhin Co E10?

Shoei Yakuhin Co TSE:3537 -0.49% 71 E10 is 円124.02 as of Mar. 2026. GuruFocus rates TSE:3537 with a GF Score™ of 71/100 and a GF Value™ of 円1,628.59 (Fairly Valued). The stock has 1 warning sign 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.

Shoei Yakuhin Co's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was 円162.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円124.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shoei Yakuhin Co's average E10 Growth Rate was -8.70% 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 (2026-07-14), Shoei Yakuhin Co's current stock price is 円 1638.00. Shoei Yakuhin Co's E10 for the fiscal year that ended in Mar. 2026 was 円124.02. Shoei Yakuhin Co's Shiller PE Ratio of today is 13.21.

During the past 12 years, the highest Shiller PE Ratio of Shoei Yakuhin Co was 15.14. The lowest was 10.23. And the median was 11.60.


Shoei Yakuhin Co  (TSE:3537) 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.

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

Shiller PE Ratio=Share Price/E10
=1638.00/124.02
=13.21

* 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 12 years, the highest Shiller P/E Ratio of Shoei Yakuhin Co was 15.14. The lowest was 10.23. And the median was 11.60.


Be Aware

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


Shoei Yakuhin Co E10 Related Terms


Shoei Yakuhin Co E10 Historical Data

* Premium members only.

The historical data trend for Shoei Yakuhin 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.

Shoei Yakuhin Co E10 Chart

Shoei Yakuhin 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 0.00 124.62 135.89 124.02

Shoei Yakuhin Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 124.62 0.00 135.89 0.00 124.02

TSE:3537 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Shoei Yakuhin 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.


Shoei Yakuhin Co Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shoei Yakuhin Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3537
71GF Score
Shoei Yakuhin Co Ltd TSE:3537
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoei Yakuhin 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, Shoei Yakuhin Co's adjusted earnings per share data for the fiscal year that ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=162.92/112.7000*112.7000
=162.920

Current CPI (Mar. 2026) = 112.7000.

Shoei Yakuhin Co Annual Data

per_share_eps CPI Adj_EPS
201703 73.060 98.100 83.933
201803 87.840 99.200 99.794
201903 76.530 99.700 86.509
202003 72.080 100.300 80.991
202103 68.470 99.900 77.243
202203 167.290 101.100 186.485
202303 141.830 104.400 153.106
202403 144.750 107.200 152.177
202503 154.780 111.100 157.009
202603 162.920 112.700 162.920

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124.02 mean?
Shoei Yakuhin Co (TSE:3537) has a E10 of 円124.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shoei Yakuhin Co and its competitors.
Is Shoei Yakuhin Co's E10 too high?
Shoei Yakuhin Co's current E10 is 円124.02. Overall, Shoei Yakuhin Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shoei Yakuhin Co's E10 compare to LIN and SHW?
Shoei Yakuhin Co's E10 of 円124.02 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Shoei Yakuhin Co and its competitors. Shoei Yakuhin Co's current E10 is 円124.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoei Yakuhin Co stock overvalued right now?
Based on GuruFocus' analysis, Shoei Yakuhin Co (TSE:3537) is currently considered Fairly Valued. The stock's GF Value™ is 円1,628.59, compared to a current price of 円1,638.00 — trading 0.6% above its estimated fair value. The current E10 is 円124.02. Shoei Yakuhin Co's overall GF Score™ is 71/100 with 1 warning sign 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 Shoei Yakuhin Co (TSE:3537), the current E10 is 円124.02 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 Shoei Yakuhin Co (TSE:3537) Overvalued in 2026?

Based on GuruFocus' analysis, Shoei Yakuhin Co stock appears to be overvalued. The current stock price of 円1,638.00 is trading 0.6% above its estimated GF Value™ of 円1,628.59. GuruFocus considers Shoei Yakuhin Co to be Fairly Valued.

Key valuation signals for TSE:3537:

  • E10: 円124.02
  • GF Value™: 円1,628.59 vs. price of 円1,638.00 (0.6% above fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TSE:3537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shoei Yakuhin Co Business Description

Address 5-1 Azuchimachi 1-Chome, Senba Shoei Building, Chuo-ku, Osaka, JPN, 541-0052
Shoei Yakuhin Co Ltd is engaged in the manufacture and sale of chemical products, daily goods, and civil engineering materials. The company operates under three main reporting segments: Chemical Products, Daily Goods, and Civil Engineering Materials. The Chemical Products segment includes items such as fatty alcohols, fatty acids, surfactants, and other chemical products. The Daily Goods segment focuses on detergents and various hygiene-related products. The Civil Engineering Materials segment provides soil improvement materials, repair agents, and environmental improvement materials.
71GF Score

Get the complete analysis for TSE:3537

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

円1,638.00
Price
円1,628.59
GF Value