ASAHI Net (TSE:3834) E10: 円45.37 (As of Mar. 2026)

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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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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:3834 ASAHI Net Inc TSE:3834
75 GF Score
Price 円625.00
GF Value 円754.40
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is ASAHI Net E10?

ASAHI Net TSE:3834 +0.32% 75 E10 is 円45.37 as of Mar. 2026. GuruFocus rates TSE:3834 with a GF Score™ of 75/100 and a GF Value™ of 円754.40 (Modestly Undervalued). 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.

ASAHI Net's adjusted earnings per share data for the three months ended in Mar. 2026 was 円8.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円45.37 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.70% 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 ASAHI Net was 7.70% per year. The lowest was 5.60% per year. And the median was 7.00% per year.

As of today (2026-08-28), ASAHI Net's current stock price is 円625.00. ASAHI Net's E10 for the quarter that ended in Mar. 2026 was 円45.37. ASAHI Net's Shiller PE Ratio of today is 13.78.

During the past 13 years, the highest Shiller PE Ratio of ASAHI Net was 47.45. The lowest was 13.16. And the median was 18.42.


ASAHI Net  (TSE:3834) 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.

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

Shiller PE Ratio=Share Price/E10
=625.00/45.37
=13.78

* 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 ASAHI Net was 47.45. The lowest was 13.16. And the median was 18.42.


Be Aware

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


ASAHI Net E10 Related Terms


ASAHI Net E10 Historical Data

* Premium members only.

The historical data trend for ASAHI Net'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.

ASAHI Net E10 Chart

ASAHI Net 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 32.48 36.28 38.66 0.00 45.37

ASAHI Net Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 43.49 43.96 45.39 45.37

TSE:3834 vs VZ, TMUS, T: E10 Comparison

For the Telecom Services subindustry, ASAHI Net'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.


ASAHI Net Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, ASAHI Net's Shiller PE Ratio distribution charts can be found below:

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


TSE:3834
75GF Score
ASAHI Net Inc TSE:3834
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASAHI Net 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, ASAHI Net'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)
=8.94/112.7000*112.7000
=8.940

Current CPI (Mar. 2026) = 112.7000.

ASAHI Net Quarterly Data

per share eps CPI Adj_EPS
201603 10.815 97.900 12.450
201606 6.920 98.100 7.950
201609 7.496 98.000 8.620
201612 8.065 98.400 9.237
201703 9.460 98.100 10.868
201706 4.150 98.500 4.748
201709 3.410 98.800 3.890
201712 5.443 99.400 6.171
201803 6.520 99.200 7.407
201806 6.070 99.200 6.896
201809 7.470 99.900 8.427
201812 10.340 99.700 11.688
201903 8.290 99.700 9.371
201906 10.270 99.800 11.597
201909 9.424 100.100 10.610
201912 8.174 100.500 9.166
202003 12.000 100.300 13.484
202006 10.830 99.900 12.218
202009 17.570 99.900 19.821
202012 4.860 99.300 5.516
202103 13.401 99.900 15.118
202106 12.030 99.500 13.626
202109 12.020 100.100 13.533
202112 12.160 100.100 13.691
202203 8.710 101.100 9.709
202206 12.030 101.800 13.318
202209 11.810 103.100 12.910
202212 12.040 104.100 13.035
202303 10.033 104.400 10.831
202306 9.520 105.200 10.199
202309 10.450 106.200 11.090
202312 12.152 106.800 12.823
202403 14.315 107.200 15.049
202406 20.010 108.200 20.842
202409 16.100 108.900 16.662
202503 0.000 111.100 0.000
202506 13.760 111.700 13.883
202509 13.960 112.000 14.047
202512 12.990 113.000 12.956
202603 8.940 112.700 8.940

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45.37 mean?
ASAHI Net (TSE:3834) has a E10 of 円45.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASAHI Net and its competitors.
Is ASAHI Net's E10 too high?
ASAHI Net's current E10 is 円45.37. Overall, ASAHI Net has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAHI Net's E10 compare to VZ and TMUS?
ASAHI Net's E10 of 円45.37 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good E10 depends on the Telecommunication Services 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 ASAHI Net and its competitors. ASAHI Net's current E10 is 円45.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAHI Net stock overvalued right now?
Based on GuruFocus' analysis, ASAHI Net (TSE:3834) is currently considered Modestly Undervalued. The stock's GF Value™ is 円754.40, compared to a current price of 円625.00 — trading 17.2% below its estimated fair value. The current E10 is 円45.37. ASAHI Net's overall GF Score™ is 75/100 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 ASAHI Net (TSE:3834), the current E10 is 円45.37 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 ASAHI Net (TSE:3834) Overvalued in 2026?

Based on GuruFocus' analysis, ASAHI Net stock appears to be undervalued. The current stock price of 円625.00 is trading 17.2% below its estimated GF Value™ of 円754.40. GuruFocus considers ASAHI Net to be Modestly Undervalued.

Key valuation signals for TSE:3834:

  • E10: 円45.37
  • GF Value™: 円754.40 vs. price of 円625.00 (17.2% below fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the TSE:3834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASAHI Net Business Description

Address Ginza 4-12-15 Chuo-ku, Kabukiza Tower 21 Floor, Tokyo, JPN, 104-0061
ASAHI Net Inc is a Japan-based internet service provider. The company mainly offers internet connection services using fiber-optic technology and mobile networks, live survey system respon, system maintenance, and manufacturer maintenance. The company also provides learning management system named manaba.
75GF Score

Get the complete analysis for TSE:3834

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

円625.00
Price
円754.40
GF Value