System Integrator (TSE:3826) E10: 円40.25 (As of Feb. 2026)

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TSE:3826 System Integrator Corp TSE:3826
76 GF Score
Price 円497.00
GF Value 円488.33
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is System Integrator E10?

System Integrator TSE:3826 +0.20% 76 E10 is 円40.25 as of Feb. 2026. GuruFocus rates TSE:3826 with a GF Score™ of 76/100 and a GF Value™ of 円488.33 (Fairly Valued). The stock has 3 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.

System Integrator's adjusted earnings per share data for the three months ended in Feb. 2026 was 円26.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円40.25 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was 24.40% 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 System Integrator was 24.40% per year. The lowest was 10.30% per year. And the median was 18.45% per year.

As of today (2026-08-29), System Integrator's current stock price is 円497.00. System Integrator's E10 for the quarter that ended in Feb. 2026 was 円40.25. System Integrator's Shiller PE Ratio of today is 12.35.

During the past 13 years, the highest Shiller PE Ratio of System Integrator was 97.10. The lowest was 7.77. And the median was 22.95.


System Integrator  (TSE:3826) 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.

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

Shiller PE Ratio=Share Price/E10
=497.00/40.25
=12.35

* 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 System Integrator was 97.10. The lowest was 7.77. And the median was 22.95.


Be Aware

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


System Integrator E10 Related Terms


System Integrator E10 Historical Data

* Premium members only.

The historical data trend for System Integrator'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.

System Integrator E10 Chart

System Integrator Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.21 20.90 27.39 0.00 40.25

System Integrator Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 39.90 39.81 38.79 40.25 0.00

TSE:3826 vs QH, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, System Integrator'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.


System Integrator Shiller PE Ratio vs Software Industry

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

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


TSE:3826
76GF Score
System Integrator Corp TSE:3826
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System Integrator 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, System Integrator's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=26.11/112.2000*112.2000
=26.110

Current CPI (Feb. 2026) = 112.2000.

System Integrator Quarterly Data

per share eps CPI Adj_EPS
201602 0.063 97.800 0.072
201605 4.235 98.200 4.839
201608 -0.457 97.900 -0.524
201611 2.489 98.600 2.832
201702 6.125 98.100 7.005
201705 5.020 98.600 5.712
201708 4.515 98.500 5.143
201711 6.375 99.100 7.218
201802 15.310 99.500 17.264
201805 -4.410 99.300 -4.983
201808 39.350 99.800 44.239
201811 6.469 100.000 7.258
201902 10.850 99.700 12.210
201905 3.650 100.000 4.095
201908 13.810 100.000 15.495
201911 9.958 100.500 11.117
202002 14.200 100.300 15.885
202005 4.090 100.100 4.584
202008 4.973 100.100 5.574
202011 4.780 99.500 5.390
202102 12.770 99.800 14.357
202105 9.920 99.400 11.197
202108 8.800 99.700 9.903
202111 10.970 100.100 12.296
202202 5.807 100.700 6.470
202205 0.050 101.800 0.055
202208 7.290 102.700 7.964
202211 3.917 103.900 4.230
202302 14.360 104.000 15.492
202305 9.080 105.100 9.693
202308 9.834 105.900 10.419
202311 5.550 106.900 5.825
202402 62.035 106.900 65.111
202405 -0.740 108.100 -0.768
202408 7.511 109.100 7.724
202502 0.000 110.800 0.000
202505 2.630 111.800 2.639
202508 16.310 112.100 16.325
202511 -3.060 113.200 -3.033
202602 26.110 112.200 26.110

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40.25 mean?
System Integrator (TSE:3826) has a E10 of 円40.25 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on System Integrator and its competitors.
Is System Integrator's E10 too high?
System Integrator's current E10 is 円40.25. Overall, System Integrator has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does System Integrator's E10 compare to QH and SHOP?
System Integrator's E10 of 円40.25 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 System Integrator and its competitors. System Integrator's current E10 is 円40.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Integrator stock overvalued right now?
Based on GuruFocus' analysis, System Integrator (TSE:3826) is currently considered Fairly Valued. The stock's GF Value™ is 円488.33, compared to a current price of 円497.00 — trading 1.8% above its estimated fair value. The current E10 is 円40.25. System Integrator's overall GF Score™ is 76/100 with 3 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 System Integrator (TSE:3826), the current E10 is 円40.25 as of Feb. 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 System Integrator (TSE:3826) Overvalued in 2026?

Based on GuruFocus' analysis, System Integrator stock appears to be overvalued. The current stock price of 円497.00 is trading 1.8% above its estimated GF Value™ of 円488.33. GuruFocus considers System Integrator to be Fairly Valued.

Key valuation signals for TSE:3826:

  • E10: 円40.25
  • GF Value™: 円488.33 vs. price of 円497.00 (1.8% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the TSE:3826 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System Integrator Business Description

Address 11-2 Shintoshin, Chuo-ku, 32nd Floor, Land Axis Tower, Meiji Yasuda Life Saitama Shintoshin Building, Saitama City, JPN, 330-6032
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.
76GF Score

Get the complete analysis for TSE:3826

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

円497.00
Price
円488.33
GF Value