Benefit Japan Co (TSE:3934) E10: 円130.95 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3934 Benefit Japan Co Ltd TSE:3934
81 GF Score
Price 円2,294.00
GF Value 円1,894.88
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Benefit Japan Co E10?

Benefit Japan Co TSE:3934 -1.08% 81 E10 is 円130.95 as of Mar. 2026. GuruFocus rates TSE:3934 with a GF Score™ of 81/100 and a GF Value™ of 円1,894.88 (Modestly Overvalued). The stock has 5 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.

Benefit Japan Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円48.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円130.95 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 (2026-08-27), Benefit Japan Co's current stock price is 円2294.00. Benefit Japan Co's E10 for the quarter that ended in Mar. 2026 was 円130.95. Benefit Japan Co's Shiller PE Ratio of today is 17.52.

During the past 12 years, the highest Shiller PE Ratio of Benefit Japan Co was 18.56. The lowest was 13.89. And the median was 16.45.


Benefit Japan Co  (TSE:3934) 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.

Benefit Japan Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2294.00/130.95
=17.52

* 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 Benefit Japan Co was 18.56. The lowest was 13.89. And the median was 16.45.


Be Aware

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


Benefit Japan Co E10 Related Terms


Benefit Japan Co E10 Historical Data

* Premium members only.

The historical data trend for Benefit Japan 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.

Benefit Japan Co E10 Chart

Benefit Japan Co 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 0.00 130.95

Benefit Japan Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 129.59 130.95 0.00

TSE:3934 vs VZ, TMUS, T: E10 Comparison

For the Telecom Services subindustry, Benefit Japan 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.


Benefit Japan Co Shiller PE Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Benefit Japan Co's Shiller PE Ratio falls into.


TSE:3934
81GF Score
Benefit Japan Co Ltd TSE:3934
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Benefit Japan 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, Benefit Japan Co'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)
=48.84/112.7000*112.7000
=48.840

Current CPI (Mar. 2026) = 112.7000.

Benefit Japan Co Quarterly Data

per share eps CPI Adj_EPS
201603 4.957 97.900 5.706
201606 15.980 98.100 18.358
201609 22.920 98.000 26.358
201612 19.390 98.400 22.208
201703 18.690 98.100 21.472
201706 21.420 98.500 24.508
201709 18.330 98.800 20.909
201712 23.160 99.400 26.259
201803 23.140 99.200 26.289
201806 20.640 99.200 23.449
201809 26.990 99.900 30.448
201812 26.160 99.700 29.571
201903 24.610 99.700 27.819
201906 34.640 99.800 39.118
201909 35.880 100.100 40.396
201912 29.600 100.500 33.193
202003 25.780 100.300 28.967
202006 34.800 99.900 39.259
202009 42.390 99.900 47.821
202012 48.330 99.300 54.852
202103 27.470 99.900 30.990
202106 38.710 99.500 43.845
202109 49.230 100.100 55.427
202112 38.580 100.100 43.436
202203 48.770 101.100 54.366
202206 10.360 101.800 11.469
202209 4.950 103.100 5.411
202212 26.930 104.100 29.155
202303 51.300 104.400 55.378
202306 23.090 105.200 24.736
202309 49.250 106.200 52.264
202312 20.160 106.800 21.274
202403 30.950 107.200 32.538
202406 24.190 108.200 25.196
202409 33.160 108.900 34.317
202503 0.000 111.100 0.000
202506 42.860 111.700 43.244
202509 30.210 112.000 30.399
202512 47.600 113.000 47.474
202603 48.840 112.700 48.840

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130.95 mean?
Benefit Japan Co (TSE:3934) has a E10 of 円130.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Benefit Japan Co and its competitors.
Is Benefit Japan Co's E10 too high?
Benefit Japan Co's current E10 is 円130.95. Overall, Benefit Japan Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Japan Co's E10 compare to VZ and TMUS?
Benefit Japan Co's E10 of 円130.95 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good E10 depends on the Telecommunication Services 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 Benefit Japan Co and its competitors. Benefit Japan Co's current E10 is 円130.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Benefit Japan Co (TSE:3934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,894.88, compared to a current price of 円2,294.00 — trading 21.1% above its estimated fair value. The current E10 is 円130.95. Benefit Japan Co's overall GF Score™ is 81/100 with 5 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 Benefit Japan Co (TSE:3934), the current E10 is 円130.95 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 Benefit Japan Co (TSE:3934) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Japan Co stock appears to be overvalued. The current stock price of 円2,294.00 is trading 21.1% above its estimated GF Value™ of 円1,894.88. GuruFocus considers Benefit Japan Co to be Modestly Overvalued.

Key valuation signals for TSE:3934:

  • E10: 円130.95
  • GF Value™: 円1,894.88 vs. price of 円2,294.00 (21.1% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the TSE:3934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Benefit Japan Co Business Description

Address Doshomachi 1-chome, 5-18, Asahi Seimei Doshomachi Building, 8th Floor, Chuo-ku, Osaka, JPN, 150-988
Benefit Japan Co Ltd provides communication services. The company is a mobile virtual network operator, as well as an FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under the Only Service brand name. The company's reportable segments are the Internet communication services business and the robotics business. The company generates the majority of its revenue from the Internet communication services business.
81GF Score

Get the complete analysis for TSE:3934

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

円2,294.00
Price
円1,894.88
GF Value