Showcase (TSE:3909) E10: 円14.40 (As of Mar. 2026)


TSE:3909 Showcase Inc TSE:3909
53 GF Score
Price 円190.00
GF Value 円559.11
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Showcase E10?

Showcase TSE:3909 +2.15% 53 E10 is 円14.40 as of Mar. 2026. GuruFocus rates TSE:3909 with a GF Score™ of 53/100 and a GF Value™ of 円559.11 (Significantly Undervalued). 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.

Showcase's adjusted earnings per share data for the three months ended in Mar. 2026 was 円99.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円14.40 for the trailing ten years ended in Mar. 2026.

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 (2026-06-29), Showcase's current stock price is 円190.00. Showcase's E10 for the quarter that ended in Mar. 2026 was 円14.40. Showcase's Shiller PE Ratio of today is 13.19.

During the past 12 years, the highest Shiller PE Ratio of Showcase was 89.23. The lowest was 13.19. And the median was 55.69.


Showcase  (TSE:3909) 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.

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

Shiller PE Ratio=Share Price/E10
=190.00/14.40
=13.19

* 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 12 years, the highest Shiller P/E Ratio of Showcase was 89.23. The lowest was 13.19. And the median was 55.69.


Be Aware

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


Showcase E10 Related Terms


Showcase E10 Historical Data

* Premium members only.

The historical data trend for Showcase'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.

Showcase E10 Chart

Showcase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Showcase Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 -5.38 0.00 6.38 4.83 14.40

TSE:3909 vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, Showcase'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.


Showcase Shiller PE Ratio vs Software Industry

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

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


TSE:3909
53GF Score
Showcase Inc TSE:3909
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Showcase 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, Showcase'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)
=99.25/112.7000*112.7000
=99.250

Current CPI (Mar. 2026) = 112.7000.

Showcase Quarterly Data

per share eps CPI Adj_EPS
201509 6.073 98.500 6.948
201512 9.080 98.100 10.431
201603 7.190 97.900 8.277
201606 7.026 98.100 8.072
201609 4.489 98.000 5.162
201612 6.990 98.400 8.006
201703 6.190 98.100 7.111
201706 3.500 98.500 4.005
201709 9.170 98.800 10.460
201712 -17.650 99.400 -20.012
201803 -4.630 99.200 -5.260
201806 -6.540 99.200 -7.430
201809 15.363 99.900 17.331
201812 -1.720 99.700 -1.944
201903 -37.440 99.700 -42.322
201906 5.819 99.800 6.571
201909 6.747 100.100 7.596
201912 -2.155 100.500 -2.417
202003 5.110 100.300 5.742
202006 -2.490 99.900 -2.809
202009 -8.045 99.900 -9.076
202012 7.307 99.300 8.293
202103 0.530 99.900 0.598
202106 -4.850 99.500 -5.493
202109 -0.016 100.100 -0.018
202112 11.309 100.100 12.733
202203 -1.810 101.100 -2.018
202206 -14.540 101.800 -16.097
202209 -23.350 103.100 -25.524
202212 -21.732 104.100 -23.527
202303 -5.800 104.400 -6.261
202306 0.272 105.200 0.291
202309 -7.866 106.200 -8.347
202312 -2.470 106.800 -2.606
202403 -7.640 107.200 -8.032
202406 -13.320 108.200 -13.874
202412 0.000 110.700 0.000
202503 122.960 111.100 124.731
202506 -8.030 111.700 -8.102
202603 99.250 112.700 99.250

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14.40 mean?
Showcase (TSE:3909) has a E10 of 円14.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Showcase and its competitors.
Is Showcase's E10 too high?
Showcase's current E10 is 円14.40. Overall, Showcase has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Showcase's E10 compare to UBER and SHOP?
Showcase's E10 of 円14.40 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 Showcase and its competitors. Showcase's current E10 is 円14.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showcase stock overvalued right now?
Based on GuruFocus' analysis, Showcase (TSE:3909) is currently considered Significantly Undervalued. The stock's GF Value™ is 円559.11, compared to a current price of 円190.00 — trading 66% below its estimated fair value. The current E10 is 円14.40. Showcase's overall GF Score™ is 53/100 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 Showcase (TSE:3909), the current E10 is 円14.40 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 Showcase (TSE:3909) Overvalued in 2026?

Based on GuruFocus' analysis, Showcase stock appears to be undervalued. The current stock price of 円190.00 is trading 66% below its estimated GF Value™ of 円559.11. GuruFocus considers Showcase to be Significantly Undervalued.

Key valuation signals for TSE:3909:

  • E10: 円14.40
  • GF Value™: 円559.11 vs. price of 円190.00 (66% below fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the TSE:3909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Showcase Business Description

Address 1-9-9, Roppongi, 14th Floor, Roppongi First Building, Minato-ku, Tokyo, JPN, 106-0032
Showcase Inc is engaged in web marketing services. Its operations are carried out through the following business segments: DX Cloud Business, Advertising and Media Business, Investment-related Business, and Information and Communications-related Business. The DX Cloud Business is engaged in the SaaS business. The Advertising and Media Business operates owned media and affiliate advertising. The Investment-related business provides SmartPitch, an online matching platform by Showcase Capital Inc., connecting startups with operating companies, VCs, and CVCs, while also supporting startup growth and fundraising for listed companies. The Information and Communications Related Business is engaged in the sale of used smartphones.
53GF Score

Get the complete analysis for TSE:3909

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

円190.00
Price
円559.11
GF Value