OBIC Co (TSE:4684) E10: 円109.01 (As of Mar. 2026)


TSE:4684 OBIC Co Ltd TSE:4684
83 GF Score
Price 円3,823.00
GF Value 円5,846.93
Valuation Significantly Undervalued
! 1 Warning Sign
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What is OBIC Co E10?

OBIC Co TSE:4684 +0.29% 83 E10 is 円109.01 as of Mar. 2026. GuruFocus rates TSE:4684 with a GF Score™ of 83/100 and a GF Value™ of 円5,846.93 (Significantly Undervalued). The stock has 1 warning sign 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.

OBIC Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円42.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円109.01 for the trailing ten years ended in Mar. 2026.

During the past 12 months, OBIC Co's average E10 Growth Rate was 13.10% per year. During the past 3 years, the average E10 Growth Rate was 14.70% per year. During the past 5 years, the average E10 Growth Rate was 15.20% 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 OBIC Co was 15.70% per year. The lowest was 14.00% per year. And the median was 14.95% per year.

As of today (2026-06-30), OBIC Co's current stock price is 円3823.00. OBIC Co's E10 for the quarter that ended in Mar. 2026 was 円109.01. OBIC Co's Shiller PE Ratio of today is 35.07.

During the past 13 years, the highest Shiller PE Ratio of OBIC Co was 93.76. The lowest was 33.82. And the median was 57.16.


OBIC Co  (TSE:4684) 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.

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

Shiller PE Ratio=Share Price/E10
=3823.00/109.01
=35.07

* 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 OBIC Co was 93.76. The lowest was 33.82. And the median was 57.16.


Be Aware

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


OBIC Co E10 Related Terms


OBIC Co E10 Historical Data

* Premium members only.

The historical data trend for OBIC 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.

OBIC Co E10 Chart

OBIC 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 62.22 72.30 83.19 96.35 109.01

OBIC Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 96.35 100.00 102.25 106.30 109.01

TSE:4684 vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, OBIC 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.


OBIC Co Shiller PE Ratio vs Software Industry

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

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


TSE:4684
83GF Score
OBIC Co Ltd TSE:4684
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OBIC 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, OBIC 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)
=42.81/112.7000*112.7000
=42.810

Current CPI (Mar. 2026) = 112.7000.

OBIC Co Quarterly Data

per share eps CPI Adj_EPS
201606 10.988 98.100 12.623
201609 13.508 98.000 15.534
201612 13.016 98.400 14.908
201703 15.010 98.100 17.244
201706 14.488 98.500 16.577
201709 14.602 98.800 16.656
201712 15.937 99.400 18.069
201803 14.035 99.200 15.945
201806 18.488 99.200 21.004
201809 16.926 99.900 19.095
201812 20.659 99.700 23.353
201903 16.376 99.700 18.511
201906 23.432 99.800 26.461
201909 19.620 100.100 22.090
201912 18.836 100.500 21.123
202003 17.023 100.300 19.128
202006 22.028 99.900 24.850
202009 20.933 99.900 23.615
202012 21.464 99.300 24.360
202103 21.018 99.900 23.711
202106 24.266 99.500 27.485
202109 23.610 100.100 26.582
202112 25.110 100.100 28.271
202203 25.006 101.100 27.875
202206 29.614 101.800 32.785
202209 26.554 103.100 29.027
202212 29.138 104.100 31.545
202303 27.722 104.400 29.926
202306 33.070 105.200 35.428
202309 30.970 106.200 32.866
202312 34.168 106.800 36.056
202403 32.708 107.200 34.386
202406 38.138 108.200 39.724
202409 34.742 108.900 35.954
202412 38.560 110.700 39.257
202503 35.460 111.100 35.971
202506 44.360 111.700 44.757
202509 40.440 112.000 40.693
202512 44.000 113.000 43.883
202603 42.810 112.700 42.810

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109.01 mean?
OBIC Co (TSE:4684) has a E10 of 円109.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on OBIC Co and its competitors.
Is OBIC Co's E10 too high?
OBIC Co's current E10 is 円109.01. Overall, OBIC Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OBIC Co's E10 compare to UBER and SHOP?
OBIC Co's E10 of 円109.01 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 OBIC Co and its competitors. OBIC Co's current E10 is 円109.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBIC Co stock overvalued right now?
Based on GuruFocus' analysis, OBIC Co (TSE:4684) is currently considered Significantly Undervalued. The stock's GF Value™ is 円5,846.93, compared to a current price of 円3,823.00 — trading 34.6% below its estimated fair value. The current E10 is 円109.01. OBIC Co's overall GF Score™ is 83/100 with 1 warning sign 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 OBIC Co (TSE:4684), the current E10 is 円109.01 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 OBIC Co (TSE:4684) Overvalued in 2026?

Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued. The current stock price of 円3,823.00 is trading 34.6% below its estimated GF Value™ of 円5,846.93. GuruFocus considers OBIC Co to be Significantly Undervalued.

Key valuation signals for TSE:4684:

  • E10: 円109.01
  • GF Value™: 円5,846.93 vs. price of 円3,823.00 (34.6% below fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the TSE:4684 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OBIC Co Business Description

Address 2-4-15 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8328
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
83GF Score

Get the complete analysis for TSE:4684

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

円3,823.00
Price
円5,846.93
GF Value