Harada Industry Co (TSE:6904) E10: 円1.73 (As of Mar. 2026)

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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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TSE:6904 Harada Industry Co Ltd TSE:6904
64 GF Score
Price 円451.00
GF Value 円507.81
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Harada Industry Co E10?

Harada Industry Co TSE:6904 +0.45% 64 E10 is 円1.73 as of Mar. 2026. GuruFocus rates TSE:6904 with a GF Score™ of 64/100 and a GF Value™ of 円507.81 (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.

Harada Industry Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-73.970. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円1.73 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -41.00% 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 Harada Industry Co was 13.40% per year. The lowest was -67.40% per year. And the median was -26.70% per year.

As of today (2026-08-11), Harada Industry Co's current stock price is 円451.00. Harada Industry Co's E10 for the quarter that ended in Mar. 2026 was 円1.73. Harada Industry Co's Shiller PE Ratio of today is 260.69.

During the past 13 years, the highest Shiller PE Ratio of Harada Industry Co was 1945.83. The lowest was 20.47. And the median was 38.73.


Harada Industry Co  (TSE:6904) 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.

Harada Industry Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=451.00/1.73
=260.69

* 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 Harada Industry Co was 1945.83. The lowest was 20.47. And the median was 38.73.


Be Aware

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


Harada Industry Co E10 Related Terms


Harada Industry Co E10 Historical Data

* Premium members only.

The historical data trend for Harada Industry 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.

Harada Industry Co E10 Chart

Harada Industry 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 12.79 1.16 -1.02 0.00 1.73

Harada Industry Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 -0.31 3.45 7.67 1.73

TSE:6904 vs CSCO, MSI, HPE: E10 Comparison

For the Communication Equipment subindustry, Harada Industry 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.


Harada Industry Co Shiller PE Ratio vs Hardware Industry

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

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


TSE:6904
64GF Score
Harada Industry Co Ltd TSE:6904
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harada Industry 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, Harada Industry 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)
=-73.97/112.7000*112.7000
=-73.970

Current CPI (Mar. 2026) = 112.7000.

Harada Industry Co Quarterly Data

per share eps CPI Adj_EPS
201512 14.770 98.100 16.968
201603 2.290 97.900 2.636
201606 9.280 98.100 10.661
201609 9.061 98.000 10.420
201612 23.690 98.400 27.133
201703 -14.316 98.100 -16.447
201706 24.690 98.500 28.249
201709 12.800 98.800 14.601
201712 9.930 99.400 11.259
201803 -12.096 99.200 -13.742
201806 11.760 99.200 13.360
201809 13.130 99.900 14.812
201812 13.244 99.700 14.971
201903 4.930 99.700 5.573
201906 6.000 99.800 6.776
201909 0.237 100.100 0.267
201912 3.260 100.500 3.656
202003 -0.293 100.300 -0.329
202006 -15.460 99.900 -17.441
202009 -42.090 99.900 -47.483
202012 5.210 99.300 5.913
202103 -7.124 99.900 -8.037
202106 -2.170 99.500 -2.458
202109 -2.438 100.100 -2.745
202112 -10.320 100.100 -11.619
202203 -35.910 101.100 -40.030
202206 -2.070 101.800 -2.292
202209 -17.160 103.100 -18.758
202212 -28.190 104.100 -30.519
202303 -22.981 104.400 -24.808
202306 93.380 105.200 100.037
202309 24.130 106.200 25.607
202312 18.369 106.800 19.384
202403 -95.160 107.200 -100.042
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 31.750 111.700 32.034
202509 29.740 112.000 29.926
202512 32.990 113.000 32.902
202603 -73.970 112.700 -73.970

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1.73 mean?
Harada Industry Co (TSE:6904) has a E10 of 円1.73 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Harada Industry Co and its competitors.
Is Harada Industry Co's E10 too high?
Harada Industry Co's current E10 is 円1.73. Overall, Harada Industry Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harada Industry Co's E10 compare to CSCO and MSI?
Harada Industry Co's E10 of 円1.73 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 Harada Industry Co and its competitors. Harada Industry Co's current E10 is 円1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harada Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Harada Industry Co (TSE:6904) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.81, compared to a current price of 円451.00 — trading 11.2% below its estimated fair value. The current E10 is 円1.73. Harada Industry Co's overall GF Score™ is 64/100 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 Harada Industry Co (TSE:6904), the current E10 is 円1.73 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 Harada Industry Co (TSE:6904) Overvalued in 2026?

Based on GuruFocus' analysis, Harada Industry Co stock appears to be undervalued. The current stock price of 円451.00 is trading 11.2% below its estimated GF Value™ of 円507.81. GuruFocus considers Harada Industry Co to be Modestly Undervalued.

Key valuation signals for TSE:6904:

  • E10: 円1.73
  • GF Value™: 円507.81 vs. price of 円451.00 (11.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harada Industry Co Business Description

Address Omori Bellport B-4F, 26-2 Minami-Ohi 6-Chome, Shinagawa-ku, Tokyo, JPN, 140-0013
Harada Industry Co Ltd manufactures and sells automotive antennas, wireless and data communications antennas, mobile device antennas, actuators, and various automotive parts, electronic devices, and components. It manufactures antennas for radio, GPS, telephone, DSRC, ETC, television. It also provides cables, such as copper clad aluminum, coaxial, and shielded twisted pair cables, as well as connectors.
64GF Score

Get the complete analysis for TSE:6904

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

円451.00
Price
円507.81
GF Value