Aiming (TSE:3911) E10: 円-15.62 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:3911 Aiming Inc TSE:3911
59 GF Score
Price 円200.00
GF Value 円207.48
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Aiming E10?

Aiming TSE:3911 -0.50% 59 E10 is 円-15.62 as of Dec. 2025. GuruFocus rates TSE:3911 with a GF Score™ of 59/100 and a GF Value™ of 円207.48 (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.

Aiming's adjusted earnings per share data for the three months ended in Dec. 2025 was 円-1.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-15.62 for the trailing ten years ended in Dec. 2025.

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 (2026-07-16), Aiming's current stock price is 円200.00. Aiming's E10 for the quarter that ended in Dec. 2025 was 円-15.62. Aiming's Shiller PE Ratio of today is .


Aiming  (TSE:3911) 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.


Be Aware

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


Aiming E10 Related Terms


Aiming E10 Historical Data

* Premium members only.

The historical data trend for Aiming'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.

Aiming E10 Chart

Aiming Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -11.46 -15.62

Aiming 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 -13.58 -14.59 -15.02 -15.62 0.00

TSE:3911 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Aiming'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.


Aiming Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Aiming's Shiller PE Ratio distribution charts can be found below:

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


TSE:3911
59GF Score
Aiming Inc TSE:3911
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aiming 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, Aiming's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-1.9/113.0000*113.0000
=-1.900

Current CPI (Dec. 2025) = 113.0000.

Aiming Quarterly Data

per share eps CPI Adj_EPS
201603 6.120 97.900 7.064
201606 -1.670 98.100 -1.924
201609 -24.910 98.000 -28.723
201612 4.220 98.400 4.846
201703 -3.850 98.100 -4.435
201706 -24.481 98.500 -28.085
201709 -29.872 98.800 -34.165
201712 -30.420 99.400 -34.582
201803 -20.650 99.200 -23.523
201806 -13.224 99.200 -15.064
201809 -0.590 99.900 -0.667
201812 -12.023 99.700 -13.627
201903 1.370 99.700 1.553
201906 -14.760 99.800 -16.712
201909 -8.348 100.100 -9.424
201912 -12.350 100.500 -13.886
202003 -4.330 100.300 -4.878
202006 -1.111 99.900 -1.257
202009 32.446 99.900 36.701
202012 16.090 99.300 18.310
202103 10.940 99.900 12.375
202106 8.360 99.500 9.494
202109 6.690 100.100 7.552
202112 3.350 100.100 3.782
202203 7.120 101.100 7.958
202206 3.000 101.800 3.330
202209 -0.100 103.100 -0.110
202212 5.000 104.100 5.427
202303 5.460 104.400 5.910
202306 -9.460 105.200 -10.161
202309 -23.670 106.200 -25.186
202312 -27.840 106.800 -29.456
202403 -8.260 107.200 -8.707
202406 -12.840 108.200 -13.410
202409 -0.450 108.900 -0.467
202412 14.060 110.700 14.352
202503 7.750 111.100 7.883
202506 9.980 111.700 10.096
202509 7.440 112.000 7.506
202512 -1.900 113.000 -1.900

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-15.62 mean?
Aiming (TSE:3911) has a E10 of 円-15.62 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aiming and its competitors.
Is Aiming's E10 too high?
Aiming's current E10 is 円-15.62. Overall, Aiming has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aiming's E10 compare to NTES and EA?
Aiming's E10 of 円-15.62 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good E10 depends on the Interactive Media 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 Aiming and its competitors. Aiming's current E10 is 円-15.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aiming stock overvalued right now?
Based on GuruFocus' analysis, Aiming (TSE:3911) is currently considered Fairly Valued. The stock's GF Value™ is 円207.48, compared to a current price of 円200.00 — trading 3.6% below its estimated fair value. The current E10 is 円-15.62. Aiming's overall GF Score™ is 59/100 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 Aiming (TSE:3911), the current E10 is 円-15.62 as of Dec. 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 Aiming (TSE:3911) Overvalued in 2026?

Based on GuruFocus' analysis, Aiming stock appears to be undervalued. The current stock price of 円200.00 is trading 3.6% below its estimated GF Value™ of 円207.48. GuruFocus considers Aiming to be Fairly Valued.

Key valuation signals for TSE:3911:

  • E10: 円-15.62
  • GF Value™: 円207.48 vs. price of 円200.00 (3.6% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the TSE:3911 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aiming Business Description

Address 5-31-11 Sendagaya, 5th Floor, Sumitomo Fudosan Shinjuku South Exit Building, Shibuya-ku, Tokyo, JPN, 151-005
Aiming Inc engages in the online game business. It develops and operates social games intended for smartphones, and the applications are distributed through different platforms. It also provides game licenses held by the Group to other distributors. The company's products include Inazuma Eleven Cross, Power Pro Adventures, WIND BREAKER: A Heroic Tale of Delinquents, Legend of the Galactic Heroes: Die Neue Saga, etc. It operates in a single segment, "Online Game Business," which is broadly divided into two categories: i) Online game distribution services and ii) Online game production/operation outsourcing services.
59GF Score

Get the complete analysis for TSE:3911

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

円200.00
Price
円207.48
GF Value