Konica Minolta (TSE:4902) E10: 円-11.22 (As of Mar. 2026)


TSE:4902 Konica Minolta Inc TSE:4902
56 GF Score
Price 円564.70
GF Value 円468.91
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Konica Minolta E10?

Konica Minolta TSE:4902 -4.22% 56 E10 is 円-11.22 as of Mar. 2026. GuruFocus rates TSE:4902 with a GF Score™ of 56/100 and a GF Value™ of 円468.91 (Modestly Overvalued). 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.

Konica Minolta's adjusted earnings per share data for the three months ended in Mar. 2026 was 円17.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-11.22 for the trailing ten years ended in Mar. 2026.

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 Konica Minolta was 8.70% per year. The lowest was -42.50% per year. And the median was -8.20% per year.

As of today (2026-06-28), Konica Minolta's current stock price is 円564.70. Konica Minolta's E10 for the quarter that ended in Mar. 2026 was 円-11.22. Konica Minolta's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Konica Minolta was 294.64. The lowest was 5.53. And the median was 19.09.


Konica Minolta  (TSE:4902) 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 Konica Minolta was 294.64. The lowest was 5.53. And the median was 19.09.


Be Aware

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


Konica Minolta E10 Related Terms


Konica Minolta E10 Historical Data

* Premium members only.

The historical data trend for Konica Minolta'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.

Konica Minolta E10 Chart

Konica Minolta 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 36.75 13.92 8.64 -9.85 -11.22

Konica Minolta 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 -9.85 -9.92 -9.31 -11.76 -11.22

Konica Minolta E10 Competitor Comparison

For the Business Equipment & Supplies subindustry, Konica Minolta'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.


Konica Minolta Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Konica Minolta's Shiller PE Ratio distribution charts can be found below:

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


TSE:4902
56GF Score
Konica Minolta Inc TSE:4902
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Konica Minolta 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, Konica Minolta'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)
=17.81/112.7000*112.7000
=17.810

Current CPI (Mar. 2026) = 112.7000.

Konica Minolta Quarterly Data

per share eps CPI Adj_EPS
201606 12.850 98.100 14.762
201609 13.800 98.000 15.870
201612 23.470 98.400 26.881
201703 13.340 98.100 15.325
201706 10.800 98.500 12.357
201709 16.420 98.800 18.730
201712 10.290 99.400 11.667
201803 27.460 99.200 31.197
201806 22.540 99.200 25.607
201809 24.490 99.900 27.628
201812 20.980 99.700 23.716
201903 16.030 99.700 18.120
201906 -2.440 99.800 -2.755
201909 2.650 100.100 2.984
201912 4.160 100.500 4.665
202003 -10.600 100.300 -11.910
202006 -34.960 99.900 -39.439
202009 -9.980 99.900 -11.259
202012 3.240 99.300 3.677
202103 10.940 99.900 12.342
202106 1.980 99.500 2.243
202109 -10.730 100.100 -12.081
202112 -18.090 100.100 -20.367
202203 -26.090 101.100 -29.084
202206 -17.690 101.800 -19.584
202209 4.020 103.100 4.394
202212 7.040 104.100 7.622
202303 -202.290 104.400 -218.372
202306 -11.270 105.200 -12.073
202309 2.170 106.200 2.303
202312 0.690 106.800 0.728
202403 17.510 107.200 18.408
202406 -6.980 108.200 -7.270
202409 -14.680 108.900 -15.192
202412 -5.430 110.700 -5.528
202503 -68.890 111.100 -69.882
202506 14.740 111.700 14.872
202509 30.900 112.000 31.093
202512 -2.390 113.000 -2.384
202603 17.810 112.700 17.810

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-11.22 mean?
Konica Minolta (TSE:4902) has a E10 of 円-11.22 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Konica Minolta and its competitors.
Is Konica Minolta's E10 too high?
Konica Minolta's current E10 is 円-11.22. Overall, Konica Minolta has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Konica Minolta's E10 compare to competitors?
Konica Minolta's E10 of 円-11.22 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Konica Minolta and its competitors. Konica Minolta's current E10 is 円-11.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Konica Minolta stock overvalued right now?
Based on GuruFocus' analysis, Konica Minolta (TSE:4902) is currently considered Modestly Overvalued. The stock's GF Value™ is 円468.91, compared to a current price of 円564.70 — trading 20.4% above its estimated fair value. The current E10 is 円-11.22. Konica Minolta's overall GF Score™ is 56/100 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 Konica Minolta (TSE:4902), the current E10 is 円-11.22 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 Konica Minolta (TSE:4902) Overvalued in 2026?

Based on GuruFocus' analysis, Konica Minolta stock appears to be overvalued. The current stock price of 円564.70 is trading 20.4% above its estimated GF Value™ of 円468.91. GuruFocus considers Konica Minolta to be Modestly Overvalued.

Key valuation signals for TSE:4902:

  • E10: 円-11.22
  • GF Value™: 円468.91 vs. price of 円564.70 (20.4% above fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the TSE:4902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Konica Minolta Business Description

Address 2-7-2 Marunouchi, JP Tower, Chiyoda-ku, Tokyo, JPN, 100-7015
Konica Minolta Inc is a Japanese equipment and material manufacturer. The company operates through four segments. The Digital Workplace business covers the development, manufacture, and sale of multifunction printers, related consumables, and IT services and solutions. The Image Solutions business includes medical diagnostic imaging systems, network cameras, and video-related equipment, along with related services and solutions. The Industry business encompasses measuring instruments, functional films for displays, industrial inkjet heads, and professional lenses. The Professional Print business involves digital printing systems and consumables for commercial and industrial markets, as well as printing services and solutions. It generates the majority of revenue Digital workplace segment.
56GF Score

Get the complete analysis for TSE:4902

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

円564.70
Price
円468.91
GF Value