AltPlus (TSE:3672) E10: 円-60.68 (As of Mar. 2026)


TSE:3672 AltPlus Inc TSE:3672
49 GF Score
Price 円26.00
GF Value 円23.34
Valuation Modestly Overvalued
! 7 Warning Signs
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What is AltPlus E10?

AltPlus TSE:3672 +4.00% 49 E10 is 円-60.68 as of Mar. 2026. GuruFocus rates TSE:3672 with a GF Score™ of 49/100 and a GF Value™ of 円23.34 (Modestly Overvalued). The stock has 7 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.

AltPlus's adjusted earnings per share data for the fiscal year that ended in Sep. 2025 was 円-12.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-60.68 for the trailing ten years ended in Sep. 2025.

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 (2026-06-29), AltPlus's current stock price is 円 26.00. AltPlus's E10 for the fiscal year that ended in Sep. 2025 was 円-60.68. AltPlus's Shiller PE Ratio of today is .


AltPlus  (TSE:3672) 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.


Be Aware

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


AltPlus E10 Related Terms


AltPlus E10 Historical Data

* Premium members only.

The historical data trend for AltPlus'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.

AltPlus E10 Chart

AltPlus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -53.75 -60.77 -68.33 -70.31 -60.68

AltPlus 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 -71.43 -70.31 0.00 -60.68 0.00

TSE:3672 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, AltPlus'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.


AltPlus Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, AltPlus's Shiller PE Ratio distribution charts can be found below:

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


TSE:3672
49GF Score
AltPlus Inc TSE:3672
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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AltPlus 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, AltPlus's adjusted earnings per share data for the fiscal year that ended in Sep. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-12.83/112.0000*112.0000
=-12.830

Current CPI (Sep. 2025) = 112.0000.

AltPlus Annual Data

per_share_eps CPI Adj_EPS
201609 -171.280 98.000 -195.749
201709 -54.520 98.800 -61.804
201809 -107.150 99.900 -120.128
201909 -77.250 100.100 -86.434
202009 -8.030 99.900 -9.003
202109 -22.340 100.100 -24.996
202209 -44.850 103.100 -48.722
202309 -23.230 106.200 -24.499
202409 -22.010 108.900 -22.637
202509 -12.830 112.000 -12.830

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-60.68 mean?
AltPlus (TSE:3672) has a E10 of 円-60.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AltPlus and its competitors.
Is AltPlus' E10 too high?
AltPlus' current E10 is 円-60.68. Overall, AltPlus has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AltPlus' E10 compare to NTES and EA?
AltPlus' E10 of 円-60.68 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good E10 depends on the Interactive Media 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 AltPlus and its competitors. AltPlus's current E10 is 円-60.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AltPlus stock overvalued right now?
Based on GuruFocus' analysis, AltPlus (TSE:3672) is currently considered Modestly Overvalued. The stock's GF Value™ is 円23.34, compared to a current price of 円26.00 — trading 11.4% above its estimated fair value. The current E10 is 円-60.68. AltPlus' overall GF Score™ is 49/100 with 7 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 AltPlus (TSE:3672), the current E10 is 円-60.68 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 AltPlus (TSE:3672) Overvalued in 2026?

Based on GuruFocus' analysis, AltPlus stock appears to be overvalued. The current stock price of 円26.00 is trading 11.4% above its estimated GF Value™ of 円23.34. GuruFocus considers AltPlus to be Modestly Overvalued.

Key valuation signals for TSE:3672:

  • E10: 円-60.68
  • GF Value™: 円23.34 vs. price of 円26.00 (11.4% above fair value)
  • GF Score™: 49/100 with 7 warning signs

No single metric tells the full story. See the TSE:3672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AltPlus Business Description

Address 3-12-18, South Building 9 Floor, Shibuya Tokyu Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
AltPlus Inc is engaged in the planning, development, and direction of social games.
49GF Score

Get the complete analysis for TSE:3672

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

円26.00
Price
円23.34
GF Value