Akatsuki (TSE:3932) E10: 円348.52 (As of Mar. 2026)

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:3932 Akatsuki Inc TSE:3932
76 GF Score
Price 円3,870.00
GF Value 円3,303.66
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Akatsuki E10?

Akatsuki TSE:3932 +0.52% 76 E10 is 円348.52 as of Mar. 2026. GuruFocus rates TSE:3932 with a GF Score™ of 76/100 and a GF Value™ of 円3,303.66 (Modestly Overvalued). The stock has 7 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.

Akatsuki's adjusted earnings per share data for the three months ended in Mar. 2026 was 円193.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円348.52 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 (2026-08-28), Akatsuki's current stock price is 円3870.00. Akatsuki's E10 for the quarter that ended in Mar. 2026 was 円348.52. Akatsuki's Shiller PE Ratio of today is 11.10.

During the past 12 years, the highest Shiller PE Ratio of Akatsuki was 11.05. The lowest was 7.49. And the median was 8.12.


Akatsuki  (TSE:3932) 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.

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

Shiller PE Ratio=Share Price/E10
=3870.00/348.52
=11.10

* 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 Akatsuki was 11.05. The lowest was 7.49. And the median was 8.12.


Be Aware

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


Akatsuki E10 Related Terms


Akatsuki E10 Historical Data

* Premium members only.

The historical data trend for Akatsuki'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.

Akatsuki E10 Chart

Akatsuki 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 0.00 0.00 0.00 0.00 348.52

Akatsuki Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 332.55 334.08 348.52 0.00

TSE:3932 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Akatsuki'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.


Akatsuki Shiller PE Ratio vs Interactive Media Industry

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

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


TSE:3932
76GF Score
Akatsuki Inc TSE:3932
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Akatsuki 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, Akatsuki'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)
=193.86/112.7000*112.7000
=193.860

Current CPI (Mar. 2026) = 112.7000.

Akatsuki Quarterly Data

per share eps CPI Adj_EPS
201606 38.120 98.100 43.793
201609 42.650 98.000 49.048
201612 67.370 98.400 77.161
201703 78.540 98.100 90.229
201706 110.760 98.500 126.727
201709 136.700 98.800 155.932
201712 139.610 99.400 158.290
201803 28.570 99.200 32.458
201806 67.330 99.200 76.493
201809 193.410 99.900 218.191
201812 136.300 99.700 154.072
201903 142.500 99.700 161.081
201906 109.560 99.800 123.722
201909 154.720 100.100 174.195
201912 91.310 100.500 102.394
202003 98.210 100.300 110.352
202006 88.990 99.900 100.392
202009 201.920 99.900 227.792
202012 109.670 99.300 124.469
202103 36.220 99.900 40.861
202106 39.610 99.500 44.865
202109 144.460 100.100 162.644
202112 84.710 100.100 95.373
202203 100.960 101.100 112.544
202206 13.660 101.800 15.123
202209 120.650 103.100 131.884
202212 16.500 104.100 17.863
202303 -56.370 104.400 -60.852
202306 -56.620 105.200 -60.657
202309 149.240 106.200 158.374
202312 -35.820 106.800 -37.799
202403 45.940 107.200 48.297
202406 -18.840 108.200 -19.624
202409 116.610 108.900 120.679
202412 -46.830 110.700 -47.676
202503 63.260 111.100 64.171
202506 -80.940 111.700 -81.665
202509 209.480 112.000 210.789
202512 69.550 113.000 69.365
202603 193.860 112.700 193.860

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348.52 mean?
Akatsuki (TSE:3932) has a E10 of 円348.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Akatsuki and its competitors.
Is Akatsuki's E10 too high?
Akatsuki's current E10 is 円348.52. Overall, Akatsuki has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Akatsuki's E10 compare to NTES and EA?
Akatsuki's E10 of 円348.52 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 Akatsuki and its competitors. Akatsuki's current E10 is 円348.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akatsuki stock overvalued right now?
Based on GuruFocus' analysis, Akatsuki (TSE:3932) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,303.66, compared to a current price of 円3,870.00 — trading 17.1% above its estimated fair value. The current E10 is 円348.52. Akatsuki's overall GF Score™ is 76/100 with 7 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 Akatsuki (TSE:3932), the current E10 is 円348.52 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 Akatsuki (TSE:3932) Overvalued in 2026?

Based on GuruFocus' analysis, Akatsuki stock appears to be overvalued. The current stock price of 円3,870.00 is trading 17.1% above its estimated GF Value™ of 円3,303.66. GuruFocus considers Akatsuki to be Modestly Overvalued.

Key valuation signals for TSE:3932:

  • E10: 円348.52
  • GF Value™: 円3,303.66 vs. price of 円3,870.00 (17.1% above fair value)
  • GF Score™: 76/100 with 7 warning signs

No single metric tells the full story. See the TSE:3932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Akatsuki Business Description

Other Exchanges 7QT:Germany
Address 2-13-30 Kamiosaki, 8F oak meguro, Shinagawa-ku, Tokyo, JPN, 141-0021
Website http://aktsk.jp
Akatsuki Inc is engaged in smartphone service and social network application development. It offers MobileSocialGame services.
76GF Score

Get the complete analysis for TSE:3932

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

円3,870.00
Price
円3,303.66
GF Value