Mipox (TSE:5381) E10: 円9.00 (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
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:5381 Mipox Corp TSE:5381
66 GF Score
Price 円940.00
GF Value 円713.89
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Mipox E10?

Mipox TSE:5381 -0.11% 66 E10 is 円9.00 as of Mar. 2026. GuruFocus rates TSE:5381 with a GF Score™ of 66/100 and a GF Value™ of 円713.89 (Significantly Overvalued). The stock has 3 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.

Mipox's adjusted earnings per share data for the three months ended in Mar. 2026 was 円5.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円9.00 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -18.80% 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 Mipox was 59.20% per year. The lowest was -18.80% per year. And the median was 40.00% per year.

As of today (2026-08-24), Mipox's current stock price is 円940.00. Mipox's E10 for the quarter that ended in Mar. 2026 was 円9.00. Mipox's Shiller PE Ratio of today is 104.44.

During the past 13 years, the highest Shiller PE Ratio of Mipox was 458.33. The lowest was 25.79. And the median was 53.72.


Mipox  (TSE:5381) 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.

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

Shiller PE Ratio=Share Price/E10
=940.00/9.00
=104.44

* 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 Mipox was 458.33. The lowest was 25.79. And the median was 53.72.


Be Aware

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


Mipox E10 Related Terms


Mipox E10 Historical Data

* Premium members only.

The historical data trend for Mipox'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.

Mipox E10 Chart

Mipox 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 17.56 16.84 11.78 0.00 9.00

Mipox Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 9.76 10.03 9.04 9.00

TSE:5381 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Mipox'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.


Mipox Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mipox's Shiller PE Ratio distribution charts can be found below:

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


TSE:5381
66GF Score
Mipox Corp TSE:5381
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mipox 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, Mipox'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)
=5.33/112.7000*112.7000
=5.330

Current CPI (Mar. 2026) = 112.7000.

Mipox Quarterly Data

per share eps CPI Adj_EPS
201603 -9.780 97.900 -11.258
201606 -6.560 98.100 -7.536
201609 -22.821 98.000 -26.244
201612 17.920 98.400 20.524
201703 -3.017 98.100 -3.466
201706 10.450 98.500 11.956
201709 3.950 98.800 4.506
201712 14.360 99.400 16.281
201803 -3.570 99.200 -4.056
201806 4.210 99.200 4.783
201809 -3.930 99.900 -4.434
201812 0.470 99.700 0.531
201903 -84.540 99.700 -95.563
201906 -7.750 99.800 -8.752
201909 -3.852 100.100 -4.337
201912 -5.060 100.500 -5.674
202003 9.990 100.300 11.225
202006 -5.100 99.900 -5.753
202009 6.790 99.900 7.660
202012 -6.450 99.300 -7.320
202103 12.072 99.900 13.619
202106 31.020 99.500 35.135
202109 23.913 100.100 26.923
202112 34.685 100.100 39.051
202203 32.790 101.100 36.552
202206 20.640 101.800 22.850
202209 20.690 103.100 22.617
202212 -28.300 104.100 -30.638
202303 -9.884 104.400 -10.670
202306 -12.320 105.200 -13.198
202309 -15.500 106.200 -16.449
202312 3.370 106.800 3.556
202403 -4.250 107.200 -4.468
202406 28.470 108.200 29.654
202409 3.720 108.900 3.850
202503 0.000 111.100 0.000
202506 -2.560 111.700 -2.583
202509 21.520 112.000 21.655
202512 11.930 113.000 11.898
202603 5.330 112.700 5.330

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9.00 mean?
Mipox (TSE:5381) has a E10 of 円9.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mipox and its competitors.
Is Mipox's E10 too high?
Mipox's current E10 is 円9.00. Overall, Mipox has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mipox's E10 compare to LIN and SHW?
Mipox's E10 of 円9.00 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Mipox and its competitors. Mipox's current E10 is 円9.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mipox stock overvalued right now?
Based on GuruFocus' analysis, Mipox (TSE:5381) is currently considered Significantly Overvalued. The stock's GF Value™ is 円713.89, compared to a current price of 円940.00 — trading 31.7% above its estimated fair value. The current E10 is 円9.00. Mipox's overall GF Score™ is 66/100 with 3 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 Mipox (TSE:5381), the current E10 is 円9.00 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 Mipox (TSE:5381) Overvalued in 2026?

Based on GuruFocus' analysis, Mipox stock appears to be overvalued. The current stock price of 円940.00 is trading 31.7% above its estimated GF Value™ of 円713.89. GuruFocus considers Mipox to be Significantly Overvalued.

Key valuation signals for TSE:5381:

  • E10: 円9.00
  • GF Value™: 円713.89 vs. price of 円940.00 (31.7% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the TSE:5381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mipox Business Description

Address 18 Satsukicho, Tochigi Prefecture, Kanuma, JPN, 322-0014
Mipox Corp is engaged in manufacturing of polishing film, abrasive paper, abrasive cloth, liquid abrasive, polishing equipment and polishing-related products.
66GF Score

Get the complete analysis for TSE:5381

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

円940.00
Price
円713.89
GF Value