Abalance (TSE:3856) E10: 円156.99 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3856 Abalance Corp TSE:3856
66 GF Score
Price 円233.00
GF Value 円835.13
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Abalance E10?

Abalance TSE:3856 +10.43% 66 E10 is 円156.99 as of Mar. 2026. GuruFocus rates TSE:3856 with a GF Score™ of 66/100 and a GF Value™ of 円835.13 (Possible Value Trap). 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.

Abalance's adjusted earnings per share data for the three months ended in Mar. 2026 was 円259.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円156.99 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Abalance's average E10 Growth Rate was 39.90% per year. During the past 3 years, the average E10 Growth Rate was 108.10% 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 Abalance was 108.10% per year. The lowest was 87.10% per year. And the median was 97.60% per year.

As of today (2026-08-31), Abalance's current stock price is 円233.00. Abalance's E10 for the quarter that ended in Mar. 2026 was 円156.99. Abalance's Shiller PE Ratio of today is 1.48.

During the past 13 years, the highest Shiller PE Ratio of Abalance was 299.74. The lowest was 1.34. And the median was 48.60.


Abalance  (TSE:3856) 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.

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

Shiller PE Ratio=Share Price/E10
=233.00/156.99
=1.48

* 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 Abalance was 299.74. The lowest was 1.34. And the median was 48.60.


Be Aware

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


Abalance E10 Related Terms


Abalance E10 Historical Data

* Premium members only.

The historical data trend for Abalance'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.

Abalance E10 Chart

Abalance Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.81 11.66 18.06 51.13 105.12

Abalance 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 112.25 119.17 127.20 0.00 156.99

TSE:3856 vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Abalance'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.


Abalance Shiller PE Ratio vs Software Industry

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

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


TSE:3856
66GF Score
Abalance Corp TSE:3856
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abalance 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, Abalance'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)
=259.98/112.7000*112.7000
=259.980

Current CPI (Mar. 2026) = 112.7000.

Abalance Quarterly Data

per share eps CPI Adj_EPS
201606 3.013 98.100 3.461
201609 -1.517 98.000 -1.745
201612 9.417 98.400 10.786
201703 -1.300 98.100 -1.493
201706 -17.903 98.500 -20.484
201709 -5.913 98.800 -6.745
201712 41.772 99.400 47.361
201803 21.980 99.200 24.971
201806 -9.300 99.200 -10.566
201809 11.403 99.900 12.864
201812 5.532 99.700 6.253
201903 5.892 99.700 6.660
201906 -2.502 99.800 -2.825
201909 6.873 100.100 7.738
201912 -3.300 100.500 -3.701
202003 1.823 100.300 2.048
202006 8.220 99.900 9.273
202009 12.350 99.900 13.932
202012 9.813 99.300 11.137
202103 14.537 99.900 16.400
202106 -3.023 99.500 -3.424
202109 52.920 100.100 59.581
202112 -3.780 100.100 -4.256
202203 -2.060 101.100 -2.296
202206 5.340 101.800 5.912
202209 31.890 103.100 34.859
202212 96.710 104.100 104.699
202303 92.610 104.400 99.973
202306 69.200 105.200 74.133
202309 99.040 106.200 105.102
202312 108.640 106.800 114.642
202403 105.070 107.200 110.461
202406 231.240 108.200 240.857
202409 -32.500 108.900 -33.634
202412 52.100 110.700 53.041
202503 34.280 111.100 34.774
202506 67.910 111.700 68.518
202509 81.870 112.000 82.382
202512 0.000 113.000 0.000
202603 259.980 112.700 259.980

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156.99 mean?
Abalance (TSE:3856) has a E10 of 円156.99 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Abalance and its competitors.
Is Abalance's E10 too high?
Abalance's current E10 is 円156.99. Overall, Abalance has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Abalance's E10 compare to CRM and SHOP?
Abalance's E10 of 円156.99 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 Abalance and its competitors. Abalance's current E10 is 円156.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abalance stock overvalued right now?
Based on GuruFocus' analysis, Abalance (TSE:3856) is currently considered Possible Value Trap. The stock's GF Value™ is 円835.13, compared to a current price of 円233.00 — trading 72.1% below its estimated fair value. The current E10 is 円156.99. Abalance's overall GF Score™ is 66/100 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 Abalance (TSE:3856), the current E10 is 円156.99 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 Abalance (TSE:3856) Overvalued in 2026?

Based on GuruFocus' analysis, Abalance stock appears to be undervalued. The current stock price of 円233.00 is trading 72.1% below its estimated GF Value™ of 円835.13. GuruFocus considers Abalance to be Possible Value Trap.

Key valuation signals for TSE:3856:

  • E10: 円156.99
  • GF Value™: 円835.13 vs. price of 円233.00 (72.1% below fair value)
  • GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the TSE:3856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Abalance Business Description

Address Higashi Shinagawa 2 - 4 Shinagawa - ku, Tenkouzu First, Tower 5th Floor, Tokyo, JPN, 140-0002
Abalance Corp is a Japan-based software company. It operates in three business divisions including Information technology (IT) division that provides outsourcing services and consulting, Solar power generation division is engaged in planning, manufacturing, import, export, and sale of products related to solar power generation system, smart grid system, and Construction machine sales business is engaged in the leasing and rental business of construction equipment in the Japan and overseas markets.
66GF Score

Get the complete analysis for TSE:3856

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

円233.00
Price
円835.13
GF Value