Optim (TSE:3694) E10: 円14.78 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:3694 Optim Corp TSE:3694
84 GF Score
Price 円412.00
GF Value 円795.68
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Optim E10?

Optim TSE:3694 -2.37% 84 E10 is 円14.78 as of Mar. 2026. GuruFocus rates TSE:3694 with a GF Score™ of 84/100 and a GF Value™ of 円795.68 (Significantly Undervalued). The stock has 4 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.

Optim's adjusted earnings per share data for the three months ended in Mar. 2026 was 円9.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円14.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Optim's average E10 Growth Rate was 12.50% 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 (2026-07-13), Optim's current stock price is 円412.00. Optim's E10 for the quarter that ended in Mar. 2026 was 円14.78. Optim's Shiller PE Ratio of today is 27.88.

During the past 13 years, the highest Shiller PE Ratio of Optim was 110.16. The lowest was 26.88. And the median was 49.03.


Optim  (TSE:3694) 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.

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

Shiller PE Ratio=Share Price/E10
=412.00/14.78
=27.88

* 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 Optim was 110.16. The lowest was 26.88. And the median was 49.03.


Be Aware

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


Optim E10 Related Terms


Optim E10 Historical Data

* Premium members only.

The historical data trend for Optim'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.

Optim E10 Chart

Optim 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 11.14 13.14 14.78

Optim Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 13.14 13.29 13.89 13.96 14.78

TSE:3694 vs MSFT, ORCL, PLTR: E10 Comparison

For the Software - Infrastructure subindustry, Optim'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.


Optim Shiller PE Ratio vs Software Industry

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

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


TSE:3694
84GF Score
Optim Corp TSE:3694
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.63/112.7000*112.7000
=9.630

Current CPI (Mar. 2026) = 112.7000.

Optim Quarterly Data

per share eps CPI Adj_EPS
201606 2.438 98.100 2.801
201609 0.740 98.000 0.851
201612 1.085 98.400 1.243
201703 2.913 98.100 3.347
201706 1.373 98.500 1.571
201709 1.343 98.800 1.532
201712 -0.580 99.400 -0.658
201803 6.010 99.200 6.828
201806 -2.673 99.200 -3.037
201809 -2.978 99.900 -3.360
201812 -1.673 99.700 -1.891
201903 7.525 99.700 8.506
201906 -2.730 99.800 -3.083
201909 2.136 100.100 2.405
201912 -0.100 100.500 -0.112
202003 2.817 100.300 3.165
202006 0.230 99.900 0.259
202009 5.570 99.900 6.284
202012 5.680 99.300 6.446
202103 10.840 99.900 12.229
202106 2.450 99.500 2.775
202109 3.320 100.100 3.738
202112 2.100 100.100 2.364
202203 9.150 101.100 10.200
202206 1.230 101.800 1.362
202209 4.160 103.100 4.547
202212 1.820 104.100 1.970
202303 10.160 104.400 10.968
202306 2.690 105.200 2.882
202309 4.420 106.200 4.691
202312 5.670 106.800 5.983
202403 8.350 107.200 8.778
202406 1.690 108.200 1.760
202409 5.240 108.900 5.423
202412 2.800 110.700 2.851
202503 11.660 111.100 11.828
202506 2.050 111.700 2.068
202509 7.730 112.000 7.778
202512 0.840 113.000 0.838
202603 9.630 112.700 9.630

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14.78 mean?
Optim (TSE:3694) has a E10 of 円14.78 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Optim and its competitors.
Is Optim's E10 too high?
Optim's current E10 is 円14.78. Overall, Optim has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Optim's E10 compare to MSFT and ORCL?
Optim's E10 of 円14.78 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 Optim and its competitors. Optim's current E10 is 円14.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optim stock overvalued right now?
Based on GuruFocus' analysis, Optim (TSE:3694) is currently considered Significantly Undervalued. The stock's GF Value™ is 円795.68, compared to a current price of 円412.00 — trading 48.2% below its estimated fair value. The current E10 is 円14.78. Optim's overall GF Score™ is 84/100 with 4 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 Optim (TSE:3694), the current E10 is 円14.78 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 Optim (TSE:3694) Overvalued in 2026?

Based on GuruFocus' analysis, Optim stock appears to be undervalued. The current stock price of 円412.00 is trading 48.2% below its estimated GF Value™ of 円795.68. GuruFocus considers Optim to be Significantly Undervalued.

Key valuation signals for TSE:3694:

  • E10: 円14.78
  • GF Value™: 円795.68 vs. price of 円412.00 (48.2% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the TSE:3694 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Optim Business Description

Address Atago Green Hills MORI Tower 19F, 2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6219
Optim Corp is engaged in the business of license sales and maintenance support service. The company offers IoT platform service, remote management service, support service, and other unique services. It provides services like sharing the screen of smartphones and tablet, repairing service for internet and smartphone, and provision of e-books, digital magazines and software packages.
84GF Score

Get the complete analysis for TSE:3694

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

円412.00
Price
円795.68
GF Value