Techno Horizon Co (TSE:6629) E10: 円46.29 (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:6629 Techno Horizon Co Ltd TSE:6629
60 GF Score
Price 円957.00
GF Value 円528.64
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Techno Horizon Co E10?

Techno Horizon Co TSE:6629 -7.00% 60 E10 is 円46.29 as of Mar. 2026. GuruFocus rates TSE:6629 with a GF Score™ of 60/100 and a GF Value™ of 円528.64 (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.

Techno Horizon Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円119.153. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円46.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Techno Horizon Co's average E10 Growth Rate was 49.90% 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 Techno Horizon Co was 70.00% per year. The lowest was 41.50% per year. And the median was 55.75% per year.

As of today (2026-07-19), Techno Horizon Co's current stock price is 円957.00. Techno Horizon Co's E10 for the quarter that ended in Mar. 2026 was 円46.29. Techno Horizon Co's Shiller PE Ratio of today is 20.67.

During the past 13 years, the highest Shiller PE Ratio of Techno Horizon Co was 774.71. The lowest was 9.65. And the median was 36.88.


Techno Horizon Co  (TSE:6629) 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.

Techno Horizon Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=957.00/46.29
=20.67

* 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 Techno Horizon Co was 774.71. The lowest was 9.65. And the median was 36.88.


Be Aware

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


Techno Horizon Co E10 Related Terms


Techno Horizon Co E10 Historical Data

* Premium members only.

The historical data trend for Techno Horizon 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.

Techno Horizon Co E10 Chart

Techno Horizon 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 10.90 -0.52 35.22 30.88 46.29

Techno Horizon Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 36.48 30.88 0.00 34.30 46.29

TSE:6629 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Techno Horizon 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.


Techno Horizon Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Techno Horizon Co's Shiller PE Ratio falls into.


TSE:6629
60GF Score
Techno Horizon Co Ltd TSE:6629
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techno Horizon 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, Techno Horizon 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)
=119.153/112.7000*112.7000
=119.153

Current CPI (Mar. 2026) = 112.7000.

Techno Horizon Co Quarterly Data

per share eps CPI Adj_EPS
201603 -29.915 97.900 -34.437
201606 -21.490 98.100 -24.688
201609 -0.300 98.000 -0.345
201612 5.119 98.400 5.863
201703 5.668 98.100 6.512
201706 -0.080 98.500 -0.092
201709 21.080 98.800 24.046
201712 26.795 99.400 30.380
201803 8.920 99.200 10.134
201806 0.005 99.200 0.006
201809 -3.445 99.900 -3.886
201812 17.399 99.700 19.668
201903 33.980 99.700 38.411
201906 -7.380 99.800 -8.334
201909 64.072 100.100 72.137
201912 11.730 100.500 13.154
202003 29.480 100.300 33.125
202006 -8.290 99.900 -9.352
202009 10.860 99.900 12.251
202012 59.506 99.300 67.536
202103 97.009 99.900 109.439
202106 -29.540 99.500 -33.459
202109 19.853 100.100 22.352
202112 10.580 100.100 11.912
202203 31.087 101.100 34.654
202206 -30.630 101.800 -33.910
202209 -3.064 103.100 -3.349
202212 -98.750 104.100 -106.908
202303 17.179 104.400 18.545
202306 -15.060 105.200 -16.134
202309 36.870 106.200 39.127
202312 -23.870 106.800 -25.189
202403 76.360 107.200 80.278
202406 -16.270 108.200 -16.947
202409 -4.230 108.900 -4.378
202412 38.870 110.700 39.572
202503 -64.089 111.100 -65.012
202509 0.000 112.000 0.000
202512 29.610 113.000 29.531
202603 119.153 112.700 119.153

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46.29 mean?
Techno Horizon Co (TSE:6629) has a E10 of 円46.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Techno Horizon Co and its competitors.
Is Techno Horizon Co's E10 too high?
Techno Horizon Co's current E10 is 円46.29. Overall, Techno Horizon Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Techno Horizon Co's E10 compare to APH and GLW?
Techno Horizon Co's E10 of 円46.29 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Techno Horizon Co and its competitors. Techno Horizon Co's current E10 is 円46.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Horizon Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Horizon Co (TSE:6629) is currently considered Significantly Overvalued. The stock's GF Value™ is 円528.64, compared to a current price of 円957.00 — trading 81% above its estimated fair value. The current E10 is 円46.29. Techno Horizon Co's overall GF Score™ is 60/100 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 Techno Horizon Co (TSE:6629), the current E10 is 円46.29 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 Techno Horizon Co (TSE:6629) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Horizon Co stock appears to be overvalued. The current stock price of 円957.00 is trading 81% above its estimated GF Value™ of 円528.64. GuruFocus considers Techno Horizon Co to be Significantly Overvalued.

Key valuation signals for TSE:6629:

  • E10: 円46.29
  • GF Value™: 円528.64 vs. price of 円957.00 (81% above fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the TSE:6629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techno Horizon Co Business Description

Other Exchanges X5X:Germany
Address 2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071
Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.
60GF Score

Get the complete analysis for TSE:6629

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

円957.00
Price
円528.64
GF Value