AirTrip (TSE:6191) E10: 円18.81 (As of Mar. 2026)


TSE:6191 AirTrip Corp TSE:6191
75 GF Score
Price 円870.00
GF Value 円1,438.16
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is AirTrip E10?

AirTrip TSE:6191 +8.75% 75 E10 is 円18.81 as of Mar. 2026. GuruFocus rates TSE:6191 with a GF Score™ of 75/100 and a GF Value™ of 円1,438.16 (Significantly 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.

AirTrip's adjusted earnings per share data for the three months ended in Mar. 2026 was 円35.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円18.81 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.

As of today (2026-07-11), AirTrip's current stock price is 円870.00. AirTrip's E10 for the quarter that ended in Mar. 2026 was 円18.81. AirTrip's Shiller PE Ratio of today is 46.25.

During the past 11 years, the highest Shiller PE Ratio of AirTrip was 90.87. The lowest was 35.57. And the median was 50.13.


AirTrip  (TSE:6191) 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.

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

Shiller PE Ratio=Share Price/E10
=870.00/18.81
=46.25

* 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 11 years, the highest Shiller P/E Ratio of AirTrip was 90.87. The lowest was 35.57. And the median was 50.13.


Be Aware

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


AirTrip E10 Related Terms


AirTrip E10 Historical Data

* Premium members only.

The historical data trend for AirTrip'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.

AirTrip E10 Chart

AirTrip Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 11.61

AirTrip 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 0.00 11.17 11.61 15.84 18.81

TSE:6191 vs BKNG, ABNB, RCL: E10 Comparison

For the Travel Services subindustry, AirTrip'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.


AirTrip Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, AirTrip's Shiller PE Ratio distribution charts can be found below:

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


TSE:6191
75GF Score
AirTrip Corp TSE:6191
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AirTrip 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, AirTrip'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)
=35.69/112.7000*112.7000
=35.690

Current CPI (Mar. 2026) = 112.7000.

AirTrip Quarterly Data

per share eps CPI Adj_EPS
201606 4.600 98.100 5.285
201609 5.900 98.000 6.785
201612 8.480 98.400 9.712
201703 5.610 98.100 6.445
201706 5.950 98.500 6.808
201709 19.680 98.800 22.449
201712 3.790 99.400 4.297
201803 24.790 99.200 28.164
201806 8.240 99.200 9.361
201809 10.450 99.900 11.789
201812 -11.300 99.700 -12.773
201903 14.710 99.700 16.628
201906 -1.070 99.800 -1.208
201909 34.850 100.100 39.237
201912 34.300 100.500 38.464
202003 -71.290 100.300 -80.104
202006 -21.200 99.900 -23.916
202009 -375.440 99.900 -423.544
202012 19.900 99.300 22.585
202103 39.730 99.900 44.821
202106 41.700 99.500 47.232
202109 7.010 100.100 7.892
202112 31.560 100.100 35.533
202203 17.790 101.100 19.831
202206 6.860 101.800 7.595
202209 19.470 103.100 21.283
202212 16.410 104.100 17.766
202303 33.010 104.400 35.634
202306 33.590 105.200 35.985
202309 -27.090 106.200 -28.748
202312 10.610 106.800 11.196
202403 34.550 107.200 36.323
202406 63.350 108.200 65.985
202409 -18.880 108.900 -19.539
202412 17.300 110.700 17.613
202503 23.050 111.100 23.382
202506 31.950 111.700 32.236
202509 6.860 112.000 6.903
202512 47.140 113.000 47.015
202603 35.690 112.700 35.690

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18.81 mean?
AirTrip (TSE:6191) has a E10 of 円18.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AirTrip and its competitors.
Is AirTrip's E10 too high?
AirTrip's current E10 is 円18.81. Overall, AirTrip has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AirTrip's E10 compare to BKNG and ABNB?
AirTrip's E10 of 円18.81 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 AirTrip and its competitors. AirTrip's current E10 is 円18.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirTrip stock overvalued right now?
Based on GuruFocus' analysis, AirTrip (TSE:6191) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,438.16, compared to a current price of 円870.00 — trading 39.5% below its estimated fair value. The current E10 is 円18.81. AirTrip's overall GF Score™ is 75/100 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 AirTrip (TSE:6191), the current E10 is 円18.81 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 AirTrip (TSE:6191) Overvalued in 2026?

Based on GuruFocus' analysis, AirTrip stock appears to be undervalued. The current stock price of 円870.00 is trading 39.5% below its estimated GF Value™ of 円1,438.16. GuruFocus considers AirTrip to be Significantly Undervalued.

Key valuation signals for TSE:6191:

  • E10: 円18.81
  • GF Value™: 円1,438.16 vs. price of 円870.00 (39.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the TSE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AirTrip Business Description

Address 2-5-1, Atago, 19th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-6219
AirTrip Corp operates an online travel agency in Japan. The company also provides tourism services. In addition, it offers offshore IT development services, including laboratory offshore development and BPO services. Further, the company engages in the investment business. The group operates in three main business pillars: online travel business, IT offshore development business, and investment business.
75GF Score

Get the complete analysis for TSE:6191

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

円870.00
Price
円1,438.16
GF Value