XNET (TSE:4762) E10: 円86.07 (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:4762 XNET Corp TSE:4762
72 GF Score
Price 円2,157.00
GF Value 円2,303.21
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is XNET E10?

XNET TSE:4762 +1.17% 72 E10 is 円86.07 as of Mar. 2026. GuruFocus rates TSE:4762 with a GF Score™ of 72/100 and a GF Value™ of 円2,303.21 (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.

XNET's adjusted earnings per share data for the three months ended in Mar. 2026 was 円46.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円86.07 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 12.40% 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 XNET was 12.40% per year. The lowest was 1.70% per year. And the median was 6.40% per year.

As of today (2026-09-06), XNET's current stock price is 円2157.00. XNET's E10 for the quarter that ended in Mar. 2026 was 円86.07. XNET's Shiller PE Ratio of today is 25.06.

During the past 13 years, the highest Shiller PE Ratio of XNET was 25.06. The lowest was 16.19. And the median was 18.44.


XNET  (TSE:4762) 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.

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

Shiller PE Ratio=Share Price/E10
=2157.00/86.07
=25.06

* 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 XNET was 25.06. The lowest was 16.19. And the median was 18.44.


Be Aware

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


XNET E10 Related Terms


XNET E10 Historical Data

* Premium members only.

The historical data trend for XNET'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.

XNET E10 Chart

XNET 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 55.41 60.60 67.25 0.00 86.07

XNET 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 80.70 80.31 83.51 86.07 0.00

TSE:4762 vs CRM, SHOP, UBER: E10 Comparison

For the Software - Application subindustry, XNET'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.


XNET Shiller PE Ratio vs Software Industry

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

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


TSE:4762
72GF Score
XNET Corp TSE:4762
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XNET 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, XNET'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)
=46.28/112.7000*112.7000
=46.280

Current CPI (Mar. 2026) = 112.7000.

XNET Quarterly Data

per share eps CPI Adj_EPS
201603 14.005 97.900 16.122
201606 14.630 98.100 16.807
201609 15.220 98.000 17.503
201612 15.910 98.400 18.222
201703 17.450 98.100 20.047
201706 17.830 98.500 20.400
201709 12.085 98.800 13.785
201712 12.270 99.400 13.912
201803 14.177 99.200 16.106
201806 13.560 99.200 15.405
201809 12.430 99.900 14.023
201812 15.095 99.700 17.063
201903 17.650 99.700 19.951
201906 12.960 99.800 14.635
201909 16.720 100.100 18.825
201912 10.142 100.500 11.373
202003 22.610 100.300 25.405
202006 6.190 99.900 6.983
202009 15.699 99.900 17.710
202012 17.614 99.300 19.991
202103 30.300 99.900 34.182
202106 14.100 99.500 15.971
202109 19.472 100.100 21.923
202112 28.260 100.100 31.817
202203 25.108 101.100 27.989
202206 19.180 101.800 21.234
202209 22.420 103.100 24.508
202212 19.210 104.100 20.797
202303 23.190 104.400 25.034
202306 19.260 105.200 20.633
202309 26.460 106.200 28.079
202312 22.947 106.800 24.215
202403 21.065 107.200 22.146
202406 21.630 108.200 22.530
202409 32.560 108.900 33.696
202503 0.000 111.100 0.000
202506 37.380 111.700 37.715
202509 7.240 112.000 7.285
202512 38.990 113.000 38.886
202603 46.280 112.700 46.280

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86.07 mean?
XNET (TSE:4762) has a E10 of 円86.07 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on XNET and its competitors.
Is XNET's E10 too high?
XNET's current E10 is 円86.07. Overall, XNET has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does XNET's E10 compare to CRM and SHOP?
XNET's E10 of 円86.07 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 XNET and its competitors. XNET's current E10 is 円86.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XNET stock overvalued right now?
Based on GuruFocus' analysis, XNET (TSE:4762) is currently considered Fairly Valued. The stock's GF Value™ is 円2,303.21, compared to a current price of 円2,157.00 — trading 6.3% below its estimated fair value. The current E10 is 円86.07. XNET's overall GF Score™ is 72/100 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 XNET (TSE:4762), the current E10 is 円86.07 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 XNET (TSE:4762) Overvalued in 2026?

Based on GuruFocus' analysis, XNET stock appears to be undervalued. The current stock price of 円2,157.00 is trading 6.3% below its estimated GF Value™ of 円2,303.21. GuruFocus considers XNET to be Fairly Valued.

Key valuation signals for TSE:4762:

  • E10: 円86.07
  • GF Value™: 円2,303.21 vs. price of 円2,157.00 (6.3% below fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the TSE:4762 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XNET Business Description

Address 13-4 Arakicho, Sumitomo Realty & Development Yotsuya Building, Fourth Floor, Shinjuku-ku, Tokyo, JPN, 160-0007
XNET Corp is a Japan-based company engages in the provision of software applications outsourcing services. It offers its software application in the field of insurance companies, banks, general business and asset management companies. It also offers solutions for proxy/engagement management, market information services, reports management, IFRS data management, STP solutions with brokers and custodians, as well as business process outsourcing services.
72GF Score

Get the complete analysis for TSE:4762

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

円2,157.00
Price
円2,303.21
GF Value