Air Water (TSE:4088) E10: 円0.00 (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:4088 Air Water Inc TSE:4088
51 GF Score
Price 円2,534.00
! 11 Warning Signs
View Full Analysis

What is Air Water E10?

Air Water TSE:4088 +0.68% 51 E10 is 円0.00 as of Mar. 2026. GuruFocus rates TSE:4088 with a GF Score™ of 51/100. The stock has 11 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.

Air Water's adjusted earnings per share data for the three months ended in Mar. 2026 was 円0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Air Water's average E10 Growth Rate was -100.00% 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 Air Water was 9.30% per year. The lowest was 6.70% per year. And the median was 7.80% per year.

As of today (2026-08-03), Air Water's current stock price is 円2534.00. Air Water's E10 for the quarter that ended in Mar. 2026 was 円0.00. Air Water's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air Water was 26.19. The lowest was 10.79. And the median was 14.32.


Air Water  (TSE:4088) 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.

During the past 13 years, the highest Shiller P/E Ratio of Air Water was 26.19. The lowest was 10.79. And the median was 14.32.


Be Aware

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


Air Water E10 Related Terms


Air Water E10 Historical Data

* Premium members only.

The historical data trend for Air Water'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.

Air Water E10 Chart

Air Water 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 128.06 139.64 151.92 167.13 0.00

Air Water Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 162.08 167.13 168.30 151.91 0.00

TSE:4088 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Air Water'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.


Air Water Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Water's Shiller PE Ratio distribution charts can be found below:

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


TSE:4088
51GF Score
Air Water Inc TSE:4088
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air Water 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, Air Water'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)
=0/112.7000*112.7000
=0.000

Current CPI (Mar. 2026) = 112.7000.

Air Water Quarterly Data

per share eps CPI Adj_EPS
201603 8.020 97.900 9.232
201606 27.200 98.100 31.248
201609 25.620 98.000 29.463
201612 41.030 98.400 46.993
201703 20.450 98.100 23.494
201706 24.670 98.500 28.226
201709 31.190 98.800 35.578
201712 40.110 99.400 45.477
201803 32.750 99.200 37.207
201806 34.580 99.200 39.286
201809 25.750 99.900 29.049
201812 40.350 99.700 45.611
201903 39.720 99.700 44.899
201906 36.410 99.800 41.116
201909 32.420 100.100 36.501
201912 53.790 100.500 60.320
202003 30.450 100.300 34.215
202006 19.550 99.900 22.055
202009 27.470 99.900 30.990
202012 46.550 99.300 52.832
202103 27.410 99.900 30.922
202106 47.130 99.500 53.382
202109 43.880 100.100 49.403
202112 51.010 100.100 57.431
202203 48.840 101.100 54.444
202206 35.660 101.800 39.478
202209 36.310 103.100 39.691
202212 44.680 104.100 48.371
202303 60.000 104.400 64.770
202306 31.360 105.200 33.596
202309 44.620 106.200 47.351
202312 60.200 106.800 63.526
202403 58.310 107.200 61.302
202406 40.980 108.200 42.684
202409 34.200 108.900 35.393
202412 77.920 110.700 79.328
202503 61.340 111.100 62.223
202506 46.780 111.700 47.199
202509 -139.200 112.000 -140.070
202603 0.000 112.700 0.000

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0.00 mean?
Air Water (TSE:4088) has a E10 of 円0.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Air Water and its competitors.
Is Air Water's E10 too high?
Air Water's current E10 is 円0.00. Overall, Air Water has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Air Water's E10 compare to LIN and SHW?
Air Water's E10 of 円0.00 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Air Water and its competitors. Air Water's current E10 is 円0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Air Water (TSE:4088) has a current E10 of 円0.00. The current E10 is 円0.00. Air Water's overall GF Score™ is 51/100 with 11 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 Air Water (TSE:4088), the current E10 is 円0.00 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.

Air Water Business Description

Other Exchanges AWTRF:USA0AW:Germany
Address 2-12-8 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
51GF Score

Get the complete analysis for TSE:4088

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

円2,534.00
Price