GMO internet (TSE:4784) E10: 円14.34 (As of Jun. 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:4784 GMO internet Inc TSE:4784
65 GF Score
Price 円539.00
GF Value 円424.88
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is GMO internet E10?

GMO internet TSE:4784 -1.46% 65 E10 is 円14.34 as of Jun. 2026. GuruFocus rates TSE:4784 with a GF Score™ of 65/100 and a GF Value™ of 円424.88 (Modestly Overvalued). 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.

GMO internet's adjusted earnings per share data for the three months ended in Jun. 2026 was 円4.811. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円14.34 for the trailing ten years ended in Jun. 2026.

During the past 12 months, GMO internet's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was -0.60% per year. During the past 5 years, the average E10 Growth Rate was -1.60% 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 GMO internet was 5.20% per year. The lowest was -7.60% per year. And the median was 0.20% per year.

As of today (2026-09-16), GMO internet's current stock price is 円539.00. GMO internet's E10 for the quarter that ended in Jun. 2026 was 円14.34. GMO internet's Shiller PE Ratio of today is 37.58.

During the past 13 years, the highest Shiller PE Ratio of GMO internet was 297.47. The lowest was 21.63. And the median was 34.02.


GMO internet  (TSE:4784) 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.

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

Shiller PE Ratio=Share Price/E10
=539.00/14.343
=37.58

* 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 GMO internet was 297.47. The lowest was 21.63. And the median was 34.02.


Be Aware

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


GMO internet E10 Related Terms


GMO internet E10 Historical Data

* Premium members only.

The historical data trend for GMO internet'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.

GMO internet E10 Chart

GMO internet Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.31 13.64 12.89 10.45 13.40

GMO internet Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 11.48 12.42 13.48 13.64 14.34

TSE:4784 vs MSFT, PLTR, ORCL: E10 Comparison

For the Software - Infrastructure subindustry, GMO internet'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.


GMO internet Shiller PE Ratio vs Software Industry

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

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


TSE:4784
65GF Score
GMO internet Inc TSE:4784
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMO internet 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, GMO internet's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.8105/113.6000*113.6000
=4.811

Current CPI (Jun. 2026) = 113.6000.

GMO internet Quarterly Data

per share eps CPI Adj_EPS
201609 -0.880 98.000 -1.020
201612 -3.020 98.400 -3.487
201703 6.440 98.100 7.458
201706 -15.120 98.500 -17.438
201709 2.490 98.800 2.863
201712 16.060 99.400 18.354
201803 7.270 99.200 8.325
201806 2.270 99.200 2.600
201809 1.220 99.900 1.387
201812 3.565 99.700 4.061
201903 5.847 99.700 6.663
201906 6.366 99.800 7.246
201909 -0.018 100.100 -0.020
201912 2.684 100.500 3.034
202003 16.250 100.300 18.404
202006 3.555 99.900 4.042
202009 4.945 99.900 5.624
202012 -8.511 99.300 -9.737
202103 10.339 99.900 11.757
202106 5.875 99.500 6.708
202109 1.263 100.100 1.433
202112 2.988 100.100 3.391
202203 12.487 101.100 14.031
202206 6.146 101.800 6.858
202209 7.563 103.100 8.333
202212 -1.220 104.100 -1.331
202303 7.069 104.400 7.692
202306 -0.450 105.200 -0.486
202309 -3.699 106.200 -3.956
202312 -0.410 106.800 -0.436
202403 3.845 107.200 4.074
202406 -9.158 108.200 -9.615
202409 2.318 108.900 2.418
202412 2.693 110.700 2.763
202503 4.610 111.100 4.714
202506 4.160 111.700 4.231
202509 5.840 112.000 5.923
202512 5.651 113.000 5.681
202603 6.024 112.700 6.072
202606 4.811 113.600 4.811

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14.34 mean?
GMO internet (TSE:4784) has a E10 of 円14.34 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on GMO internet and its competitors.
Is GMO internet's E10 too high?
GMO internet's current E10 is 円14.34. Overall, GMO internet has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GMO internet's E10 compare to MSFT and PLTR?
GMO internet's E10 of 円14.34 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 GMO internet and its competitors. GMO internet's current E10 is 円14.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO internet stock overvalued right now?
Based on GuruFocus' analysis, GMO internet (TSE:4784) is currently considered Modestly Overvalued. The stock's GF Value™ is 円424.88, compared to a current price of 円539.00 — trading 26.9% above its estimated fair value. The current E10 is 円14.34. GMO internet's overall GF Score™ is 65/100 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 GMO internet (TSE:4784), the current E10 is 円14.34 as of Jun. 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 GMO internet (TSE:4784) Overvalued in 2026?

Based on GuruFocus' analysis, GMO internet stock appears to be overvalued. The current stock price of 円539.00 is trading 26.9% above its estimated GF Value™ of 円424.88. GuruFocus considers GMO internet to be Modestly Overvalued.

Key valuation signals for TSE:4784:

  • E10: 円14.34
  • GF Value™: 円424.88 vs. price of 円539.00 (26.9% above fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the TSE:4784 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMO internet Business Description

Address 26-1 Sakuragaoka-cho, Cerulean Tower, 11th floor, General reception, Shibuya-ku, Tokyo, JPN, 150-8512
GMO internet Inc Internet infrastructure business and Internet advertising and media business that includes Domain business, Cloud hosting business, Access (provider) business Media/AdTech Business, Data Technology Business, Agency Business, and Solutions businesses.
65GF Score

Get the complete analysis for TSE:4784

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

円539.00
Price
円424.88
GF Value