Milbon Co (TSE:4919) E10: 円146.46 (As of Dec. 2025)


TSE:4919 Milbon Co Ltd TSE:4919
78 GF Score
Price 円2,662.00
GF Value 円3,583.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Milbon Co E10?

Milbon Co TSE:4919 -1.81% 78 E10 is 円146.46 as of Dec. 2025. GuruFocus rates TSE:4919 with a GF Score™ of 78/100 and a GF Value™ of 円3,583.06 (Modestly Undervalued). 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.

Milbon Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円54.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円146.46 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Milbon Co's average E10 Growth Rate was 2.30% per year. During the past 3 years, the average E10 Growth Rate was 5.50% per year. During the past 5 years, the average E10 Growth Rate was 8.10% 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 Milbon Co was 9.40% per year. The lowest was 5.50% per year. And the median was 8.75% per year.

As of today (2026-06-30), Milbon Co's current stock price is 円2662.00. Milbon Co's E10 for the quarter that ended in Dec. 2025 was 円146.46. Milbon Co's Shiller PE Ratio of today is 18.18.

During the past 13 years, the highest Shiller PE Ratio of Milbon Co was 70.25. The lowest was 16.32. And the median was 48.71.


Milbon Co  (TSE:4919) 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.

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

Shiller PE Ratio=Share Price/E10
=2662.00/146.46
=18.18

* 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 Milbon Co was 70.25. The lowest was 16.32. And the median was 48.71.


Be Aware

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


Milbon Co E10 Related Terms


Milbon Co E10 Historical Data

* Premium members only.

The historical data trend for Milbon 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.

Milbon Co E10 Chart

Milbon Co 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 109.97 124.70 131.76 143.16 146.46

Milbon 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 142.90 140.73 141.91 146.46 0.00

TSE:4919 vs PG, CL, KVUE: E10 Comparison

For the Household & Personal Products subindustry, Milbon 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.


Milbon Co Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Milbon Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:4919
78GF Score
Milbon Co Ltd TSE:4919
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Milbon 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, Milbon Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=54.57/113.0000*113.0000
=54.570

Current CPI (Dec. 2025) = 113.0000.

Milbon Co Quarterly Data

per share eps CPI Adj_EPS
201603 16.685 97.900 19.258
201606 28.052 98.100 32.313
201609 27.650 98.000 31.882
201612 21.340 98.400 24.506
201703 16.440 98.100 18.937
201706 29.620 98.500 33.980
201709 49.734 98.800 56.882
201712 20.780 99.400 23.623
201803 32.830 99.200 37.397
201806 32.446 99.200 36.960
201809 36.269 99.900 41.025
201812 35.760 99.700 40.530
201903 25.720 99.700 29.151
201906 35.349 99.800 40.024
201909 43.140 100.100 48.700
201912 33.779 100.500 37.980
202003 18.450 100.300 20.786
202006 26.120 99.900 29.545
202009 39.640 99.900 44.838
202012 45.030 99.300 51.243
202103 33.570 99.900 37.972
202106 40.670 99.500 46.188
202109 40.360 100.100 45.561
202112 42.569 100.100 48.055
202203 35.890 101.100 40.114
202206 52.530 101.800 58.309
202209 44.140 103.100 48.378
202212 38.930 104.100 42.258
202303 27.130 104.400 29.365
202306 40.350 105.200 43.342
202309 9.040 106.200 9.619
202312 46.470 106.800 49.168
202403 29.910 107.200 31.528
202406 40.137 108.200 41.918
202409 34.190 108.900 35.477
202412 49.870 110.700 50.906
202503 14.200 111.100 14.443
202506 -1.330 111.700 -1.345
202509 38.820 112.000 39.167
202512 54.570 113.000 54.570

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146.46 mean?
Milbon Co (TSE:4919) has a E10 of 円146.46 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Milbon Co and its competitors.
Is Milbon Co's E10 too high?
Milbon Co's current E10 is 円146.46. Overall, Milbon Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Milbon Co's E10 compare to PG and CL?
Milbon Co's E10 of 円146.46 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Milbon Co and its competitors. Milbon Co's current E10 is 円146.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milbon Co stock overvalued right now?
Based on GuruFocus' analysis, Milbon Co (TSE:4919) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,583.06, compared to a current price of 円2,662.00 — trading 25.7% below its estimated fair value. The current E10 is 円146.46. Milbon Co's overall GF Score™ is 78/100 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 Milbon Co (TSE:4919), the current E10 is 円146.46 as of Dec. 2025. 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 Milbon Co (TSE:4919) Overvalued in 2026?

Based on GuruFocus' analysis, Milbon Co stock appears to be undervalued. The current stock price of 円2,662.00 is trading 25.7% below its estimated GF Value™ of 円3,583.06. GuruFocus considers Milbon Co to be Modestly Undervalued.

Key valuation signals for TSE:4919:

  • E10: 円146.46
  • GF Value™: 円3,583.06 vs. price of 円2,662.00 (25.7% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the TSE:4919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Milbon Co Business Description

Address Research Institute 2-3-35, Zengenji-cho, Miyakojima-ku, Osaka, JPN, 534-0015
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.
78GF Score

Get the complete analysis for TSE:4919

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

円2,662.00
Price
円3,583.06
GF Value