Okayama Paper Industries Co (TSE:3892) E10: 円0.00 (As of Nov. 2025)


TSE:3892 Okayama Paper Industries Co Ltd TSE:3892
71 GF Score
Price 円1,662.00
GF Value 円1,307.77
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Okayama Paper Industries Co E10?

Okayama Paper Industries Co TSE:3892 -0.42% 71 E10 is 円0.00 as of Nov. 2025. GuruFocus rates TSE:3892 with a GF Score™ of 71/100 and a GF Value™ of 円1,307.77 (Modestly Overvalued). The stock has 6 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.

Okayama Paper Industries Co's adjusted earnings per share data for the three months ended in Nov. 2025 was 円0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.00 for the trailing ten years ended in Nov. 2025.

During the past 12 months, Okayama Paper Industries Co's average E10 Growth Rate was -100.00% 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 Okayama Paper Industries Co was 18.70% per year. The lowest was 12.00% per year. And the median was 15.50% per year.

As of today (2026-07-13), Okayama Paper Industries Co's current stock price is 円1662.00. Okayama Paper Industries Co's E10 for the quarter that ended in Nov. 2025 was 円0.00. Okayama Paper Industries Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Okayama Paper Industries Co was 24.53. The lowest was 10.82. And the median was 15.11.


Okayama Paper Industries Co  (TSE:3892) 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.

During the past 13 years, the highest Shiller P/E Ratio of Okayama Paper Industries Co was 24.53. The lowest was 10.82. And the median was 15.11.


Be Aware

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


Okayama Paper Industries Co E10 Related Terms


Okayama Paper Industries Co E10 Historical Data

* Premium members only.

The historical data trend for Okayama Paper Industries Co'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.

Okayama Paper Industries Co E10 Chart

Okayama Paper Industries Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.09 71.08 77.13 102.23 0.00

Okayama Paper Industries Co Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26
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 0.00 114.55 0.00 0.00

Okayama Paper Industries Co E10 Competitor Comparison

For the Paper & Paper Products subindustry, Okayama Paper Industries Co'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.


Okayama Paper Industries Co Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Okayama Paper Industries Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Okayama Paper Industries Co's Shiller PE Ratio falls into.


TSE:3892
71GF Score
Okayama Paper Industries Co Ltd TSE:3892
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okayama Paper Industries Co 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, Okayama Paper Industries Co's adjusted earnings per share data for the three months ended in Nov. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=0/113.2000*113.2000
=0.000

Current CPI (Nov. 2025) = 113.2000.

Okayama Paper Industries Co Quarterly Data

per share eps CPI Adj_EPS
201508 6.160 98.400 7.087
201511 12.186 98.100 14.062
201602 3.201 97.800 3.705
201605 10.970 98.200 12.646
201608 20.680 97.900 23.912
201611 15.804 98.600 18.144
201702 -7.321 98.100 -8.448
201705 -16.130 98.600 -18.518
201708 -17.310 98.500 -19.893
201711 -0.360 99.100 -0.411
201802 18.370 99.500 20.899
201805 8.202 99.300 9.350
201808 42.090 99.800 47.741
201811 37.770 100.000 42.756
201902 0.030 99.700 0.034
201905 27.954 100.000 31.644
201908 46.710 100.000 52.876
201911 59.930 100.500 67.503
202002 42.880 100.300 48.395
202005 46.532 100.100 52.622
202008 29.590 100.100 33.462
202011 30.560 99.500 34.768
202102 23.120 99.800 26.224
202105 40.682 99.400 46.330
202108 36.510 99.700 41.454
202111 26.810 100.100 30.319
202202 16.650 100.700 18.717
202205 38.519 101.800 42.833
202208 28.650 102.700 31.579
202211 16.470 103.900 17.944
202302 16.550 104.000 18.014
202305 39.710 105.100 42.770
202308 68.500 105.900 73.222
202311 89.066 106.900 94.315
202402 69.950 106.900 74.072
202405 22.570 108.100 23.635
202411 0.000 110.000 0.000
202505 0.000 111.800 0.000
202508 48.050 112.100 48.521
202511 0.000 113.200 0.000

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0.00 mean?
Okayama Paper Industries Co (TSE:3892) has a E10 of 円0.00 as of Nov. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Okayama Paper Industries Co and its competitors.
Is Okayama Paper Industries Co's E10 too high?
Okayama Paper Industries Co's current E10 is 円0.00. Overall, Okayama Paper Industries Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okayama Paper Industries Co's E10 compare to competitors?
Okayama Paper Industries Co's E10 of 円0.00 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Okayama Paper Industries Co and its competitors. Okayama Paper Industries Co's current E10 is 円0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okayama Paper Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Okayama Paper Industries Co (TSE:3892) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,307.77, compared to a current price of 円1,662.00 — trading 27.1% above its estimated fair value. The current E10 is 円0.00. Okayama Paper Industries Co's overall GF Score™ is 71/100 with 6 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 Okayama Paper Industries Co (TSE:3892), the current E10 is 円0.00 as of Nov. 2025. 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 Okayama Paper Industries Co (TSE:3892) Overvalued in 2026?

Based on GuruFocus' analysis, Okayama Paper Industries Co stock appears to be overvalued. The current stock price of 円1,662.00 is trading 27.1% above its estimated GF Value™ of 円1,307.77. GuruFocus considers Okayama Paper Industries Co to be Modestly Overvalued.

Key valuation signals for TSE:3892:

  • E10: 円0.00
  • GF Value™: 円1,307.77 vs. price of 円1,662.00 (27.1% above fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the TSE:3892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okayama Paper Industries Co Business Description

Address No. 4 No. 34, Minami-ku, Hamano 1-chome, Okayama, JPN, 700-0845
Okayama Paper Industries Co Ltd is engaged in manufacturing and sales of SMIC raw paper, paper tube base paper, flat sheet. It is in a packaging material field as a manufacturer of cardboard and decorative corrugated cardboard made of core paper and paper tube base paper. It offers products such as base papers, containerboard, stencil paper tubes, paper tube base papers, and cardboard plates.
71GF Score

Get the complete analysis for TSE:3892

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

円1,662.00
Price
円1,307.77
GF Value