Asahi Printing Co (TSE:3951) E10: 円84.01 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3951 Asahi Printing Co Ltd TSE:3951
70 GF Score
Price 円904.00
GF Value 円990.69
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Asahi Printing Co E10?

Asahi Printing Co TSE:3951 70 E10 is 円84.01 as of Mar. 2026. GuruFocus rates TSE:3951 with a GF Score™ of 70/100 and a GF Value™ of 円990.69 (Fairly Valued). The stock has 2 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.

Asahi Printing Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円30.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円84.01 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 2.40% 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 Asahi Printing Co was 3.60% per year. The lowest was 0.00% per year. And the median was 2.40% per year.

As of today (2026-09-02), Asahi Printing Co's current stock price is 円904.00. Asahi Printing Co's E10 for the quarter that ended in Mar. 2026 was 円84.01. Asahi Printing Co's Shiller PE Ratio of today is 10.76.

During the past 13 years, the highest Shiller PE Ratio of Asahi Printing Co was 17.88. The lowest was 10.00. And the median was 11.51.


Asahi Printing Co  (TSE:3951) 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.

Asahi Printing Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=904.00/84.01
=10.76

* 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 13 years, the highest Shiller P/E Ratio of Asahi Printing Co was 17.88. The lowest was 10.00. And the median was 11.51.


Be Aware

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


Asahi Printing Co E10 Related Terms


Asahi Printing Co E10 Historical Data

* Premium members only.

The historical data trend for Asahi Printing 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.

Asahi Printing Co E10 Chart

Asahi Printing 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 75.13 78.26 80.12 0.00 84.01

Asahi Printing 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 84.61 83.82 83.30 84.01 0.00

TSE:3951 vs SW, AMCR, PKG: E10 Comparison

For the Packaging & Containers subindustry, Asahi Printing 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.


Asahi Printing Co Shiller PE Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Asahi Printing Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3951
70GF Score
Asahi Printing Co Ltd TSE:3951
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asahi Printing 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, Asahi Printing 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)
=30.4/112.7000*112.7000
=30.400

Current CPI (Mar. 2026) = 112.7000.

Asahi Printing Co Quarterly Data

per share eps CPI Adj_EPS
201603 17.165 97.900 19.760
201606 18.940 98.100 21.759
201609 17.900 98.000 20.585
201612 22.360 98.400 25.609
201703 16.670 98.100 19.151
201706 20.400 98.500 23.341
201709 20.390 98.800 23.259
201712 23.100 99.400 26.191
201803 12.570 99.200 14.281
201806 16.850 99.200 19.143
201809 13.060 99.900 14.733
201812 17.180 99.700 19.420
201903 24.460 99.700 27.649
201906 13.190 99.800 14.895
201909 20.100 100.100 22.630
201912 12.960 100.500 14.533
202003 20.500 100.300 23.034
202006 24.020 99.900 27.098
202009 16.168 99.900 18.240
202012 18.270 99.300 20.735
202103 15.590 99.900 17.588
202106 18.370 99.500 20.807
202109 23.050 100.100 25.951
202112 26.550 100.100 29.892
202203 13.215 101.100 14.731
202206 23.040 101.800 25.507
202209 20.381 103.100 22.279
202212 20.870 104.100 22.594
202303 14.080 104.400 15.199
202306 29.440 105.200 31.539
202309 19.829 106.200 21.043
202312 4.648 106.800 4.905
202403 21.340 107.200 22.435
202406 28.410 108.200 29.592
202409 22.160 108.900 22.933
202503 0.000 111.100 0.000
202506 20.840 111.700 21.027
202509 14.430 112.000 14.520
202512 10.090 113.000 10.063
202603 30.400 112.700 30.400

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84.01 mean?
Asahi Printing Co (TSE:3951) has a E10 of 円84.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Asahi Printing Co and its competitors.
Is Asahi Printing Co's E10 too high?
Asahi Printing Co's current E10 is 円84.01. Overall, Asahi Printing Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asahi Printing Co's E10 compare to SW and AMCR?
Asahi Printing Co's E10 of 円84.01 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good E10 depends on the Packaging & Containers 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 Asahi Printing Co and its competitors. Asahi Printing Co's current E10 is 円84.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Printing Co (TSE:3951) is currently considered Fairly Valued. The stock's GF Value™ is 円990.69, compared to a current price of 円904.00 — trading 8.8% below its estimated fair value. The current E10 is 円84.01. Asahi Printing Co's overall GF Score™ is 70/100 with 2 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 Asahi Printing Co (TSE:3951), the current E10 is 円84.01 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 Asahi Printing Co (TSE:3951) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Printing Co stock appears to be undervalued. The current stock price of 円904.00 is trading 8.8% below its estimated GF Value™ of 円990.69. GuruFocus considers Asahi Printing Co to be Fairly Valued.

Key valuation signals for TSE:3951:

  • E10: 円84.01
  • GF Value™: 円990.69 vs. price of 円904.00 (8.8% below fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the TSE:3951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Printing Co Business Description

Address Ichibancho Square Building, 1-1 Ichibancho, Toyama Prefecture, Toyama, JPN, 930-0061
Asahi Printing Co Ltd is engaged in the manufacture and sale of printing and packaging materials. In addition, the company also engages in the temporary staffing business. The company operates in three segments, which include the Printing and packaging business, the Packaging Systems Sales Business, and Others.
70GF Score

Get the complete analysis for TSE:3951

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

円904.00
Price
円990.69
GF Value