Tadano (TSE:6395) E10: 円67.93 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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TSE:6395 Tadano Ltd TSE:6395
79 GF Score
Price 円1,268.00
GF Value 円1,505.80
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tadano E10?

Tadano TSE:6395 +1.28% 79 E10 is 円67.93 as of Dec. 2025. GuruFocus rates TSE:6395 with a GF Score™ of 79/100 and a GF Value™ of 円1,505.80 (Modestly Undervalued). 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.

Tadano's adjusted earnings per share data for the three months ended in Dec. 2025 was 円41.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円67.93 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tadano's average E10 Growth Rate was -3.20% per year. During the past 3 years, the average E10 Growth Rate was -1.30% per year. During the past 5 years, the average E10 Growth Rate was 0.10% 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 Tadano was 4.40% per year. The lowest was -1.30% per year. And the median was 1.60% per year.

As of today (2026-07-21), Tadano's current stock price is 円1268.00. Tadano's E10 for the quarter that ended in Dec. 2025 was 円67.93. Tadano's Shiller PE Ratio of today is 18.67.

During the past 13 years, the highest Shiller PE Ratio of Tadano was 31.69. The lowest was 8.87. And the median was 14.75.


Tadano  (TSE:6395) 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.

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

Shiller PE Ratio=Share Price/E10
=1268.00/67.93
=18.67

* 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 Tadano was 31.69. The lowest was 8.87. And the median was 14.75.


Be Aware

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


Tadano E10 Related Terms


Tadano E10 Historical Data

* Premium members only.

The historical data trend for Tadano'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.

Tadano E10 Chart

Tadano Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.98 72.97 81.68 78.53 70.17

Tadano 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 68.94 65.51 67.28 67.93 0.00

TSE:6395 vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Shiller PE Ratio distribution charts can be found below:

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


TSE:6395
79GF Score
Tadano Ltd TSE:6395
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tadano 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, Tadano'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)
=41.23/113.0000*113.0000
=41.230

Current CPI (Dec. 2025) = 113.0000.

Tadano Quarterly Data

per share eps CPI Adj_EPS
201603 34.899 97.900 40.282
201606 31.600 98.100 36.400
201609 23.470 98.000 27.062
201612 24.000 98.400 27.561
201703 14.759 98.100 17.001
201706 15.690 98.500 18.000
201709 31.450 98.800 35.970
201712 8.529 99.400 9.696
201803 18.490 99.200 21.062
201806 14.210 99.200 16.187
201809 18.020 99.900 20.383
201812 6.989 99.700 7.921
201903 51.299 99.700 58.142
201906 5.050 99.800 5.718
201909 36.547 100.100 41.257
201912 4.070 100.500 4.576
202003 5.130 100.300 5.780
202006 -8.090 99.900 -9.151
202009 -12.177 99.900 -13.774
202012 -40.290 99.300 -45.849
202103 -41.990 99.900 -47.496
202106 84.070 99.500 95.476
202109 5.790 100.100 6.536
202112 -0.710 100.100 -0.801
202203 14.180 101.100 15.849
202206 14.860 101.800 16.495
202209 0.740 103.100 0.811
202212 1.830 104.100 1.986
202303 6.680 104.400 7.230
202306 18.934 105.200 20.338
202309 13.293 106.200 14.144
202312 22.340 106.800 23.637
202403 15.870 107.200 16.729
202406 24.974 108.200 26.082
202409 28.270 108.900 29.334
202412 -16.840 110.700 -17.190
202503 29.433 111.100 29.936
202506 4.487 111.700 4.539
202509 69.630 112.000 70.252
202512 41.230 113.000 41.230

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67.93 mean?
Tadano (TSE:6395) has a E10 of 円67.93 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tadano and its competitors.
Is Tadano's E10 too high?
Tadano's current E10 is 円67.93. Overall, Tadano has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tadano's E10 compare to CAT and DE?
Tadano's E10 of 円67.93 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery 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 Tadano and its competitors. Tadano's current E10 is 円67.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tadano stock overvalued right now?
Based on GuruFocus' analysis, Tadano (TSE:6395) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,505.80, compared to a current price of 円1,268.00 — trading 15.8% below its estimated fair value. The current E10 is 円67.93. Tadano's overall GF Score™ is 79/100 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 Tadano (TSE:6395), the current E10 is 円67.93 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 Tadano (TSE:6395) Overvalued in 2026?

Based on GuruFocus' analysis, Tadano stock appears to be undervalued. The current stock price of 円1,268.00 is trading 15.8% below its estimated GF Value™ of 円1,505.80. GuruFocus considers Tadano to be Modestly Undervalued.

Key valuation signals for TSE:6395:

  • E10: 円67.93
  • GF Value™: 円1,505.80 vs. price of 円1,268.00 (15.8% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the TSE:6395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tadano Business Description

Address 34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City1, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has four reportable segments: Japan (majority of total revenue), Europe, Americas and Oceania. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.
79GF Score

Get the complete analysis for TSE:6395

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

円1,268.00
Price
円1,505.80
GF Value