Atled (TSE:3969) E10: 円74.59 (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.
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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:3969 Atled Corp TSE:3969
91 GF Score
Price 円1,410.00
GF Value 円1,831.07
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Atled E10?

Atled TSE:3969 -0.07% 91 E10 is 円74.59 as of Mar. 2026. GuruFocus rates TSE:3969 with a GF Score™ of 91/100 and a GF Value™ of 円1,831.07 (Modestly Undervalued). The stock has 4 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.

Atled's adjusted earnings per share data for the three months ended in Mar. 2026 was 円27.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円74.59 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Atled's average E10 Growth Rate was 10.70% 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.

As of today (2026-08-29), Atled's current stock price is 円1410.00. Atled's E10 for the quarter that ended in Mar. 2026 was 円74.59. Atled's Shiller PE Ratio of today is 18.90.

During the past 12 years, the highest Shiller PE Ratio of Atled was 29.47. The lowest was 17.70. And the median was 24.22.


Atled  (TSE:3969) 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.

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

Shiller PE Ratio=Share Price/E10
=1410.00/74.59
=18.90

* 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 Atled was 29.47. The lowest was 17.70. And the median was 24.22.


Be Aware

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


Atled E10 Related Terms


Atled E10 Historical Data

* Premium members only.

The historical data trend for Atled'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.

Atled E10 Chart

Atled 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 58.00 67.41 74.59

Atled Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.00 74.59 0.00

TSE:3969 vs QH, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, Atled'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.


Atled Shiller PE Ratio vs Software Industry

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

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


TSE:3969
91GF Score
Atled Corp TSE:3969
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atled 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, Atled'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)
=27.15/112.7000*112.7000
=27.150

Current CPI (Mar. 2026) = 112.7000.

Atled Quarterly Data

per share eps CPI Adj_EPS
0.000 0.000
201503 0.000 97.900 0.000
201603 0.000 97.900 0.000
201609 0.000 98.000 0.000
201612 3.849 98.400 4.408
201703 9.840 98.100 11.304
201706 3.390 98.500 3.879
201709 12.360 98.800 14.099
201712 4.200 99.400 4.762
201803 12.560 99.200 14.269
201806 5.120 99.200 5.817
201809 15.500 99.900 17.486
201812 14.910 99.700 16.854
201903 9.640 99.700 10.897
201906 9.000 99.800 10.163
201909 16.610 100.100 18.701
201912 11.480 100.500 12.874
202003 18.010 100.300 20.237
202006 12.230 99.900 13.797
202009 17.940 99.900 20.239
202012 14.940 99.300 16.956
202103 26.420 99.900 29.805
202106 17.990 99.500 20.377
202109 24.070 100.100 27.100
202112 17.980 100.100 20.243
202203 20.680 101.100 23.053
202206 17.970 101.800 19.894
202209 23.600 103.100 25.797
202212 22.590 104.100 24.456
202303 25.370 104.400 27.387
202306 18.340 105.200 19.648
202309 25.040 106.200 26.573
202312 24.114 106.800 25.446
202403 27.830 107.200 29.258
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 19.020 111.700 19.190
202509 24.100 112.000 24.251
202512 25.370 113.000 25.303
202603 27.150 112.700 27.150

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74.59 mean?
Atled (TSE:3969) has a E10 of 円74.59 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Atled and its competitors.
Is Atled's E10 too high?
Atled's current E10 is 円74.59. Overall, Atled has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atled's E10 compare to QH and SHOP?
Atled's E10 of 円74.59 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 Atled and its competitors. Atled's current E10 is 円74.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atled stock overvalued right now?
Based on GuruFocus' analysis, Atled (TSE:3969) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,831.07, compared to a current price of 円1,410.00 — trading 23% below its estimated fair value. The current E10 is 円74.59. Atled's overall GF Score™ is 91/100 with 4 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 Atled (TSE:3969), the current E10 is 円74.59 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 Atled (TSE:3969) Overvalued in 2026?

Based on GuruFocus' analysis, Atled stock appears to be undervalued. The current stock price of 円1,410.00 is trading 23% below its estimated GF Value™ of 円1,831.07. GuruFocus considers Atled to be Modestly Undervalued.

Key valuation signals for TSE:3969:

  • E10: 円74.59
  • GF Value™: 円1,831.07 vs. price of 円1,410.00 (23% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the TSE:3969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atled Business Description

Address Shibuya Cross Tower, 1st Floor, Shibuya 2-chome 15, Shibuya-ku, Tokyo, JPN, 150-0002
Atled Corp provides information technology services. It is engaged in product development and cloud services. Its products include Agile works, X-point cloud, X-point, Atled work platform.
91GF Score

Get the complete analysis for TSE:3969

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

円1,410.00
Price
円1,831.07
GF Value