Maxell (TSE:6810) E10: 円44.97 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:6810 Maxell Ltd TSE:6810
76 GF Score
Price 円2,096.00
GF Value 円2,032.45
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Maxell E10?

Maxell TSE:6810 +3.51% 76 E10 is 円44.97 as of Mar. 2026. GuruFocus rates TSE:6810 with a GF Score™ of 76/100 and a GF Value™ of 円2,032.45 (Fairly Valued). The stock has 1 warning sign 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.

Maxell's adjusted earnings per share data for the three months ended in Mar. 2026 was 円53.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円44.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Maxell's average E10 Growth Rate was 37.30% per year. During the past 3 years, the average E10 Growth Rate was 39.10% 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 Maxell was 39.10% per year. The lowest was 39.10% per year. And the median was 39.10% per year.

As of today (2026-07-21), Maxell's current stock price is 円2096.00. Maxell's E10 for the quarter that ended in Mar. 2026 was 円44.97. Maxell's Shiller PE Ratio of today is 46.61.

During the past 13 years, the highest Shiller PE Ratio of Maxell was 1410.38. The lowest was 36.11. And the median was 52.34.


Maxell  (TSE:6810) 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.

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

Shiller PE Ratio=Share Price/E10
=2096.00/44.97
=46.61

* 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 Maxell was 1410.38. The lowest was 36.11. And the median was 52.34.


Be Aware

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


Maxell E10 Related Terms


Maxell E10 Historical Data

* Premium members only.

The historical data trend for Maxell'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.

Maxell E10 Chart

Maxell 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 -25.98 16.72 36.55 32.76 44.97

Maxell 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 32.76 34.19 36.69 40.07 44.97

TSE:6810 vs AAPL: E10 Comparison

For the Consumer Electronics subindustry, Maxell'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.


Maxell Shiller PE Ratio vs Hardware Industry

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

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


TSE:6810
76GF Score
Maxell Ltd TSE:6810
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxell 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, Maxell'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)
=53.98/112.7000*112.7000
=53.980

Current CPI (Mar. 2026) = 112.7000.

Maxell Quarterly Data

per share eps CPI Adj_EPS
201606 7.150 98.100 8.214
201609 24.924 98.000 28.663
201612 28.650 98.400 32.814
201703 47.590 98.100 54.673
201706 27.310 98.500 31.247
201709 50.377 98.800 57.464
201712 45.400 99.400 51.475
201803 11.790 99.200 13.394
201806 20.740 99.200 23.562
201809 18.357 99.900 20.709
201812 17.880 99.700 20.211
201903 43.527 99.700 49.203
201906 2.880 99.800 3.252
201909 12.720 100.100 14.321
201912 8.620 100.500 9.666
202003 -237.330 100.300 -266.671
202006 -10.130 99.900 -11.428
202009 -6.935 99.900 -7.824
202012 -6.070 99.300 -6.889
202103 -166.380 99.900 -187.698
202106 53.600 99.500 60.711
202109 26.709 100.100 30.071
202112 27.290 100.100 30.725
202203 -181.584 101.100 -202.419
202206 33.430 101.800 37.009
202209 31.190 103.100 34.094
202212 39.140 104.100 42.373
202303 4.670 104.400 5.041
202306 51.200 105.200 54.850
202309 56.460 106.200 59.916
202312 16.380 106.800 17.285
202403 40.550 107.200 42.630
202406 48.340 108.200 50.350
202409 20.650 108.900 21.371
202412 56.480 110.700 57.500
202503 -32.350 111.100 -32.816
202506 36.940 111.700 37.271
202509 61.220 112.000 61.603
202512 49.890 113.000 49.758
202603 53.980 112.700 53.980

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44.97 mean?
Maxell (TSE:6810) has a E10 of 円44.97 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Maxell and its competitors.
Is Maxell's E10 too high?
Maxell's current E10 is 円44.97. Overall, Maxell has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxell's E10 compare to AAPL?
Maxell's E10 of 円44.97 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 Maxell and its competitors. Maxell's current E10 is 円44.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxell stock overvalued right now?
Based on GuruFocus' analysis, Maxell (TSE:6810) is currently considered Fairly Valued. The stock's GF Value™ is 円2,032.45, compared to a current price of 円2,096.00 — trading 3.1% above its estimated fair value. The current E10 is 円44.97. Maxell's overall GF Score™ is 76/100 with 1 warning sign 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 Maxell (TSE:6810), the current E10 is 円44.97 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 Maxell (TSE:6810) Overvalued in 2026?

Based on GuruFocus' analysis, Maxell stock appears to be overvalued. The current stock price of 円2,096.00 is trading 3.1% above its estimated GF Value™ of 円2,032.45. GuruFocus considers Maxell to be Fairly Valued.

Key valuation signals for TSE:6810:

  • E10: 円44.97
  • GF Value™: 円2,032.45 vs. price of 円2,096.00 (3.1% above fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the TSE:6810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxell Business Description

Address 2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.
76GF Score

Get the complete analysis for TSE:6810

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

円2,096.00
Price
円2,032.45
GF Value