Virtualex Holdings (TSE:6193) E10: 円38.16 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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:6193 Virtualex Holdings Inc TSE:6193
71 GF Score
Price 円1,021.00
GF Value 円1,008.25
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Virtualex Holdings E10?

Virtualex Holdings TSE:6193 -1.16% 71 E10 is 円38.16 as of Mar. 2026. GuruFocus rates TSE:6193 with a GF Score™ of 71/100 and a GF Value™ of 円1,008.25 (Fairly Valued). 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.

Virtualex Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-79.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円38.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Virtualex Holdings's average E10 Growth Rate was -26.50% 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.

As of today (2026-07-17), Virtualex Holdings's current stock price is 円1021.00. Virtualex Holdings's E10 for the quarter that ended in Mar. 2026 was 円38.16. Virtualex Holdings's Shiller PE Ratio of today is 26.76.

During the past 12 years, the highest Shiller PE Ratio of Virtualex Holdings was 29.03. The lowest was 15.92. And the median was 18.24.


Virtualex Holdings  (TSE:6193) 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.

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

Shiller PE Ratio=Share Price/E10
=1021.00/38.16
=26.76

* 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 12 years, the highest Shiller P/E Ratio of Virtualex Holdings was 29.03. The lowest was 15.92. And the median was 18.24.


Be Aware

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


Virtualex Holdings E10 Related Terms


Virtualex Holdings E10 Historical Data

* Premium members only.

The historical data trend for Virtualex Holdings'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.

Virtualex Holdings E10 Chart

Virtualex Holdings 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 0.00 0.00 0.00 0.00 38.16

Virtualex Holdings 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 0.00 0.00 47.70 38.16

TSE:6193 vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, Virtualex Holdings'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.


Virtualex Holdings Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Virtualex Holdings's Shiller PE Ratio distribution charts can be found below:

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


TSE:6193
71GF Score
Virtualex Holdings Inc TSE:6193
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virtualex Holdings 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, Virtualex Holdings'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)
=-79.86/112.7000*112.7000
=-79.860

Current CPI (Mar. 2026) = 112.7000.

Virtualex Holdings Quarterly Data

per share eps CPI Adj_EPS
201603 48.519 97.900 55.854
201606 11.930 98.100 13.706
201609 6.930 98.000 7.970
201612 -4.960 98.400 -5.681
201703 28.120 98.100 32.305
201706 -4.240 98.500 -4.851
201709 8.483 98.800 9.676
201712 -16.220 99.400 -18.390
201803 14.650 99.200 16.644
201806 -18.510 99.200 -21.029
201809 13.217 99.900 14.910
201812 -3.516 99.700 -3.974
201903 15.850 99.700 17.917
201906 -61.360 99.800 -69.291
201909 -99.356 100.100 -111.862
201912 -25.040 100.500 -28.080
202003 5.390 100.300 6.056
202006 -36.050 99.900 -40.669
202009 27.350 99.900 30.854
202012 26.752 99.300 30.362
202103 20.310 99.900 22.912
202106 16.310 99.500 18.474
202109 34.830 100.100 39.214
202112 46.810 100.100 52.702
202203 27.350 101.100 30.488
202206 24.880 101.800 27.544
202209 37.930 103.100 41.462
202212 36.900 104.100 39.948
202303 114.800 104.400 123.927
202306 17.010 105.200 18.223
202309 19.920 106.200 21.139
202312 -4.960 106.800 -5.234
202403 36.280 107.200 38.141
202406 -30.060 108.200 -31.310
202409 29.550 108.900 30.581
202503 0.000 111.100 0.000
202506 -0.380 111.700 -0.383
202509 35.770 112.000 35.994
202512 15.730 113.000 15.688
202603 -79.860 112.700 -79.860

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38.16 mean?
Virtualex Holdings (TSE:6193) has a E10 of 円38.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Virtualex Holdings and its competitors.
Is Virtualex Holdings' E10 too high?
Virtualex Holdings' current E10 is 円38.16. Overall, Virtualex Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Virtualex Holdings' E10 compare to IBM and ACN?
Virtualex Holdings' E10 of 円38.16 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Virtualex Holdings and its competitors. Virtualex Holdings's current E10 is 円38.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtualex Holdings stock overvalued right now?
Based on GuruFocus' analysis, Virtualex Holdings (TSE:6193) is currently considered Fairly Valued. The stock's GF Value™ is 円1,008.25, compared to a current price of 円1,021.00 — trading 1.3% above its estimated fair value. The current E10 is 円38.16. Virtualex Holdings' 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 Virtualex Holdings (TSE:6193), the current E10 is 円38.16 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 Virtualex Holdings (TSE:6193) Overvalued in 2026?

Based on GuruFocus' analysis, Virtualex Holdings stock appears to be overvalued. The current stock price of 円1,021.00 is trading 1.3% above its estimated GF Value™ of 円1,008.25. GuruFocus considers Virtualex Holdings to be Fairly Valued.

Key valuation signals for TSE:6193:

  • E10: 円38.16
  • GF Value™: 円1,008.25 vs. price of 円1,021.00 (1.3% above fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the TSE:6193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virtualex Holdings Business Description

Address 4-3-13 Toranomon, Hulic Kamiyacho building, 8th floor, Minato-ku, Yubinbango, Tokyo, JPN, 105-0001
Virtualex Holdings Inc is a holding company which through its subsidiaries, provides the complete range of CRM solutions, including consulting services, system integration, and business process outsourcing. The business of the company is categorized into two categories IT and consulting business, and Outsourcing Business.
71GF Score

Get the complete analysis for TSE:6193

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

円1,021.00
Price
円1,008.25
GF Value