JM Holdings Co (TSE:3539) E10: 円82.64 (As of Jan. 2026)


TSE:3539 JM Holdings Co Ltd TSE:3539
77 GF Score
Price 円1,261.00
GF Value 円1,453.10
Valuation Modestly Undervalued
! 2 Warning Signs
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What is JM Holdings Co E10?

JM Holdings Co TSE:3539 -0.55% 77 E10 is 円82.64 as of Jan. 2026. GuruFocus rates TSE:3539 with a GF Score™ of 77/100 and a GF Value™ of 円1,453.10 (Modestly Undervalued). 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.

JM Holdings Co's adjusted earnings per share data for the three months ended in Jan. 2026 was 円38.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円82.64 for the trailing ten years ended in Jan. 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 (2026-07-13), JM Holdings Co's current stock price is 円1261.00. JM Holdings Co's E10 for the quarter that ended in Jan. 2026 was 円82.64. JM Holdings Co's Shiller PE Ratio of today is 15.26.

During the past 11 years, the highest Shiller PE Ratio of JM Holdings Co was 22.19. The lowest was 14.74. And the median was 18.99.


JM Holdings Co  (TSE:3539) 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.

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

Shiller PE Ratio=Share Price/E10
=1261.00/82.64
=15.26

* 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 11 years, the highest Shiller P/E Ratio of JM Holdings Co was 22.19. The lowest was 14.74. And the median was 18.99.


Be Aware

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


JM Holdings Co E10 Related Terms


JM Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for JM Holdings 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.

JM Holdings Co E10 Chart

JM Holdings Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

JM Holdings Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 80.73 82.64 0.00

TSE:3539 vs KR: E10 Comparison

For the Grocery Stores subindustry, JM Holdings 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.


JM Holdings Co Shiller PE Ratio vs Retail - Defensive Industry

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

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


TSE:3539
77GF Score
JM Holdings Co Ltd TSE:3539
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JM Holdings 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, JM Holdings Co's adjusted earnings per share data for the three months ended in Jan. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=38.52/112.9000*112.9000
=38.520

Current CPI (Jan. 2026) = 112.9000.

JM Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201604 9.290 98.100 10.692
201607 7.845 97.900 9.047
201610 9.975 98.600 11.422
201701 16.736 98.200 19.241
201704 14.215 98.500 16.293
201707 9.198 98.300 10.564
201710 7.745 98.800 8.850
201801 20.930 99.500 23.749
201804 12.925 99.100 14.725
201807 10.455 99.200 11.899
201810 10.140 100.200 11.425
201901 19.503 99.700 22.085
201904 12.140 100.000 13.706
201907 11.000 99.800 12.444
201910 12.120 100.400 13.629
202001 22.732 100.500 25.537
202004 20.705 100.200 23.329
202007 12.979 100.000 14.653
202010 14.105 99.800 15.956
202101 26.333 99.800 29.790
202104 22.765 99.100 25.935
202107 16.417 99.700 18.591
202110 11.280 99.900 12.748
202201 25.165 100.300 28.326
202204 18.080 101.500 20.111
202207 25.425 102.300 28.059
202210 12.155 103.700 13.233
202301 26.519 104.700 28.596
202304 18.985 105.100 20.394
202307 25.113 105.700 26.824
202310 17.700 107.100 18.659
202401 34.034 106.900 35.944
202404 22.400 107.700 23.482
202407 28.281 108.600 29.401
202410 13.195 109.500 13.605
202501 41.745 111.200 42.383
202504 28.875 111.500 29.238
202507 42.210 111.900 42.587
202510 10.700 112.800 10.709
202601 38.520 112.900 38.520

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82.64 mean?
JM Holdings Co (TSE:3539) has a E10 of 円82.64 as of Jan. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JM Holdings Co and its competitors.
Is JM Holdings Co's E10 too high?
JM Holdings Co's current E10 is 円82.64. Overall, JM Holdings Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JM Holdings Co's E10 compare to KR?
JM Holdings Co's E10 of 円82.64 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good E10 depends on the Retail - Defensive 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 JM Holdings Co and its competitors. JM Holdings Co's current E10 is 円82.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, JM Holdings Co (TSE:3539) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,453.10, compared to a current price of 円1,261.00 — trading 13.2% below its estimated fair value. The current E10 is 円82.64. JM Holdings Co's overall GF Score™ is 77/100 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 JM Holdings Co (TSE:3539), the current E10 is 円82.64 as of Jan. 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 JM Holdings Co (TSE:3539) Overvalued in 2026?

Based on GuruFocus' analysis, JM Holdings Co stock appears to be undervalued. The current stock price of 円1,261.00 is trading 13.2% below its estimated GF Value™ of 円1,453.10. GuruFocus considers JM Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3539:

  • E10: 円82.64
  • GF Value™: 円1,453.10 vs. price of 円1,261.00 (13.2% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TSE:3539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JM Holdings Co Business Description

Address Tsuchiura-shi wholesale Town 2-3, 30 Ibaraki prefecture, Ibaraki, JPN, 300-0847
JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.
77GF Score

Get the complete analysis for TSE:3539

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

円1,261.00
Price
円1,453.10
GF Value