Tokyo Rope Mfg Co (TSE:5981) E10: 円109.57 (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.
Reviewed by: Charlie Tian Charlie Tian
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:5981 Tokyo Rope Mfg Co Ltd TSE:5981
71 GF Score
Price 円2,002.00
GF Value 円1,362.52
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Tokyo Rope Mfg Co E10?

Tokyo Rope Mfg Co TSE:5981 +0.45% 71 E10 is 円109.57 as of Mar. 2026. GuruFocus rates TSE:5981 with a GF Score™ of 71/100 and a GF Value™ of 円1,362.52 (Significantly 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.

Tokyo Rope Mfg Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円40.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円109.57 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -5.40% 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 Tokyo Rope Mfg Co was 2.80% per year. The lowest was -5.40% per year. And the median was -2.90% per year.

As of today (2026-08-19), Tokyo Rope Mfg Co's current stock price is 円2002.00. Tokyo Rope Mfg Co's E10 for the quarter that ended in Mar. 2026 was 円109.57. Tokyo Rope Mfg Co's Shiller PE Ratio of today is 18.27.

During the past 13 years, the highest Shiller PE Ratio of Tokyo Rope Mfg Co was 18.90. The lowest was 8.14. And the median was 12.19.


Tokyo Rope Mfg Co  (TSE:5981) 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.

Tokyo Rope Mfg Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2002.00/109.57
=18.27

* 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 Tokyo Rope Mfg Co was 18.90. The lowest was 8.14. And the median was 12.19.


Be Aware

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


Tokyo Rope Mfg Co E10 Related Terms


Tokyo Rope Mfg Co E10 Historical Data

* Premium members only.

The historical data trend for Tokyo Rope Mfg 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.

Tokyo Rope Mfg Co E10 Chart

Tokyo Rope Mfg Co 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 -110.49 129.54 109.22 0.00 109.57

Tokyo Rope Mfg Co 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 99.44 104.61 110.54 109.57 0.00

TSE:5981 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Tokyo Rope Mfg 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.


Tokyo Rope Mfg Co Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tokyo Rope Mfg Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:5981
71GF Score
Tokyo Rope Mfg Co Ltd TSE:5981
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Rope Mfg 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, Tokyo Rope Mfg Co'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)
=40.68/112.7000*112.7000
=40.680

Current CPI (Mar. 2026) = 112.7000.

Tokyo Rope Mfg Co Quarterly Data

per share eps CPI Adj_EPS
201603 86.420 97.900 99.485
201606 8.890 98.100 10.213
201609 40.950 98.000 47.093
201612 61.000 98.400 69.865
201703 4.962 98.100 5.700
201706 20.330 98.500 23.261
201709 25.830 98.800 29.464
201712 32.811 99.400 37.201
201803 77.537 99.200 88.089
201806 -3.450 99.200 -3.920
201809 -17.740 99.900 -20.013
201812 8.622 99.700 9.746
201903 22.019 99.700 24.890
201906 -6.070 99.800 -6.855
201909 -24.438 100.100 -27.514
201912 17.910 100.500 20.084
202003 -138.558 100.300 -155.688
202006 -32.630 99.900 -36.811
202009 -13.905 99.900 -15.687
202012 11.720 99.300 13.302
202103 60.091 99.900 67.790
202106 9.600 99.500 10.874
202109 23.800 100.100 26.796
202112 4.966 100.100 5.591
202203 42.673 101.100 47.569
202206 46.290 101.800 51.246
202209 29.524 103.100 32.273
202212 43.970 104.100 47.602
202303 115.080 104.400 124.229
202306 43.200 105.200 46.280
202309 20.623 106.200 21.885
202312 63.626 106.800 67.141
202403 0.506 107.200 0.532
202406 50.200 108.200 52.288
202409 28.980 108.900 29.991
202503 0.000 111.100 0.000
202506 43.220 111.700 43.607
202509 67.510 112.000 67.932
202512 72.320 113.000 72.128
202603 40.680 112.700 40.680

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109.57 mean?
Tokyo Rope Mfg Co (TSE:5981) has a E10 of 円109.57 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokyo Rope Mfg Co and its competitors.
Is Tokyo Rope Mfg Co's E10 too high?
Tokyo Rope Mfg Co's current E10 is 円109.57. Overall, Tokyo Rope Mfg Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Rope Mfg Co's E10 compare to GEV and ETN?
Tokyo Rope Mfg Co's E10 of 円109.57 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 Tokyo Rope Mfg Co and its competitors. Tokyo Rope Mfg Co's current E10 is 円109.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Rope Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Rope Mfg Co (TSE:5981) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,362.52, compared to a current price of 円2,002.00 — trading 46.9% above its estimated fair value. The current E10 is 円109.57. Tokyo Rope Mfg Co's overall GF Score™ is 71/100 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 Tokyo Rope Mfg Co (TSE:5981), the current E10 is 円109.57 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 Tokyo Rope Mfg Co (TSE:5981) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Rope Mfg Co stock appears to be overvalued. The current stock price of 円2,002.00 is trading 46.9% above its estimated GF Value™ of 円1,362.52. GuruFocus considers Tokyo Rope Mfg Co to be Significantly Overvalued.

Key valuation signals for TSE:5981:

  • E10: 円109.57
  • GF Value™: 円1,362.52 vs. price of 円2,002.00 (46.9% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the TSE:5981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Rope Mfg Co Business Description

Address 2-37-28 Eidai, Koto-ku, Tokyo, JPN, 1038306
Tokyo Rope Mfg Co Ltd is a Japan-based manufacturing company. Principally, it is involved in the design and construction of road safety devices such as rock fall prevention net, environment protection products including sound insulation walls, and bridges and cable-suspended bridges. It offers the various products such as wire rope for the use with the crane, elevators, forestry and fisheries and cableway, galvanized wire and strand, steel cord, bridge and structural cable product, carbon fiber composite cables, and many more. Additionally, it also produces and markets several industrial types of machinery and metal fiber.
71GF Score

Get the complete analysis for TSE:5981

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

円2,002.00
Price
円1,362.52
GF Value