Celsys (TSE:3663) E10: 円26.86 (As of Jun. 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:3663 Celsys Inc TSE:3663
99 GF Score
Price 円1,864.00
GF Value 円1,750.78
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Celsys E10?

Celsys TSE:3663 -0.64% 99 E10 is 円26.86 as of Jun. 2026. GuruFocus rates TSE:3663 with a GF Score™ of 99/100 and a GF Value™ of 円1,750.78 (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.

Celsys's adjusted earnings per share data for the three months ended in Jun. 2026 was 円23.166. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円26.86 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Celsys's average E10 Growth Rate was 40.00% per year. During the past 3 years, the average E10 Growth Rate was 28.20% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Celsys was 28.20% per year. The lowest was 28.20% per year. And the median was 28.20% per year.

As of today (2026-08-26), Celsys's current stock price is 円1864.00. Celsys's E10 for the quarter that ended in Jun. 2026 was 円26.86. Celsys's Shiller PE Ratio of today is 69.40.

During the past 13 years, the highest Shiller PE Ratio of Celsys was 338.71. The lowest was 47.59. And the median was 70.39.


Celsys  (TSE:3663) 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.

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

Shiller PE Ratio=Share Price/E10
=1864.00/26.86
=69.40

* 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 Celsys was 338.71. The lowest was 47.59. And the median was 70.39.


Be Aware

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


Celsys E10 Related Terms


Celsys E10 Historical Data

* Premium members only.

The historical data trend for Celsys'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.

Celsys E10 Chart

Celsys Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 10.64 12.55 0.00 22.42

Celsys Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 19.18 20.94 22.42 24.84 26.86

TSE:3663 vs QH, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Celsys'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.


Celsys Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Celsys's Shiller PE Ratio distribution charts can be found below:

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


TSE:3663
99GF Score
Celsys Inc TSE:3663
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celsys 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, Celsys's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=23.166/113.6000*113.6000
=23.166

Current CPI (Jun. 2026) = 113.6000.

Celsys Quarterly Data

per share eps CPI Adj_EPS
201606 8.465 98.100 9.802
201609 0.478 98.000 0.554
201612 -1.665 98.400 -1.922
201703 4.573 98.100 5.296
201706 3.375 98.500 3.892
201709 7.760 98.800 8.922
201712 -2.273 99.400 -2.598
201803 6.453 99.200 7.390
201806 2.573 99.200 2.947
201809 3.400 99.900 3.866
201812 -0.348 99.700 -0.397
201903 7.298 99.700 8.315
201906 -1.470 99.800 -1.673
201909 1.415 100.100 1.606
201912 0.505 100.500 0.571
202003 2.288 100.300 2.591
202006 4.063 99.900 4.620
202009 -26.332 99.900 -29.943
202012 5.393 99.300 6.170
202103 16.410 99.900 18.660
202106 9.600 99.500 10.960
202109 9.380 100.100 10.645
202112 1.440 100.100 1.634
202203 8.250 101.100 9.270
202206 11.210 101.800 12.509
202209 5.060 103.100 5.575
202212 4.930 104.100 5.380
202303 11.410 104.400 12.415
202306 -14.488 105.200 -15.645
202309 4.630 106.200 4.953
202312 16.480 106.800 17.529
202403 17.040 107.200 18.057
202406 12.390 108.200 13.008
202412 0.000 110.700 0.000
202503 22.240 111.100 22.740
202506 6.150 111.700 6.255
202509 16.040 112.000 16.269
202512 10.710 113.000 10.767
202603 27.464 112.700 27.683
202606 23.166 113.600 23.166

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26.86 mean?
Celsys (TSE:3663) has a E10 of 円26.86 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Celsys and its competitors.
Is Celsys' E10 too high?
Celsys' current E10 is 円26.86. Overall, Celsys has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Celsys' E10 compare to QH and SHOP?
Celsys' E10 of 円26.86 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Celsys and its competitors. Celsys's current E10 is 円26.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celsys stock overvalued right now?
Based on GuruFocus' analysis, Celsys (TSE:3663) is currently considered Fairly Valued. The stock's GF Value™ is 円1,750.78, compared to a current price of 円1,864.00 — trading 6.5% above its estimated fair value. The current E10 is 円26.86. Celsys' overall GF Score™ is 99/100 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 Celsys (TSE:3663), the current E10 is 円26.86 as of Jun. 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 Celsys (TSE:3663) Overvalued in 2026?

Based on GuruFocus' analysis, Celsys stock appears to be overvalued. The current stock price of 円1,864.00 is trading 6.5% above its estimated GF Value™ of 円1,750.78. GuruFocus considers Celsys to be Fairly Valued.

Key valuation signals for TSE:3663:

  • E10: 円26.86
  • GF Value™: 円1,750.78 vs. price of 円1,864.00 (6.5% above fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the TSE:3663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Celsys Business Description

Address 4-15-7 Nishi-Shinjuku, Pacific Marks Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Celsys Inc is engaged in UI/UX and creator support businesses. It develops UI development solution products, such as exbeans UI Conductor, an UI authoring tool; exbeans Affinity, a Web application platform; Higlyph, a scalable font rendering engine; and graphics rendering related products to various device manufacturers, including communication carriers, mobile devices and digital home appliances. The company also researches and develops graphics technology products comprising Clip Studio, Retas Studio, And Clip Studio for producing graphics-related content, such as illustration, manga, animation, and the Internet; and provides services to support creative activities.
99GF Score

Get the complete analysis for TSE:3663

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

円1,864.00
Price
円1,750.78
GF Value