Ushio (TSE:6925) E10: 円85.04 (As of Mar. 2026)


TSE:6925 Ushio Inc TSE:6925
83 GF Score
Price 円4,296.00
GF Value 円2,705.73
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ushio E10?

Ushio TSE:6925 -1.49% 83 E10 is 円85.04 as of Mar. 2026. GuruFocus rates TSE:6925 with a GF Score™ of 83/100 and a GF Value™ of 円2,705.73 (Significantly Overvalued). The stock has 6 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.

Ushio's adjusted earnings per share data for the three months ended in Mar. 2026 was 円47.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円85.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ushio's average E10 Growth Rate was 1.10% per year. During the past 3 years, the average E10 Growth Rate was 1.60% per year. During the past 5 years, the average E10 Growth Rate was 4.40% 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 Ushio was 6.80% per year. The lowest was -0.80% per year. And the median was 1.65% per year.

As of today (2026-06-30), Ushio's current stock price is 円4296.00. Ushio's E10 for the quarter that ended in Mar. 2026 was 円85.04. Ushio's Shiller PE Ratio of today is 50.52.

During the past 13 years, the highest Shiller PE Ratio of Ushio was 54.46. The lowest was 12.62. And the median was 22.58.


Ushio  (TSE:6925) 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.

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

Shiller PE Ratio=Share Price/E10
=4296.00/85.04
=50.52

* 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 Ushio was 54.46. The lowest was 12.62. And the median was 22.58.


Be Aware

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


Ushio E10 Related Terms


Ushio E10 Historical Data

* Premium members only.

The historical data trend for Ushio'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.

Ushio E10 Chart

Ushio 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 73.05 81.08 83.80 84.14 85.04

Ushio 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 84.14 79.10 80.32 81.89 85.04

TSE:6925 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Ushio'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.


Ushio Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ushio's Shiller PE Ratio distribution charts can be found below:

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


TSE:6925
83GF Score
Ushio Inc TSE:6925
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ushio 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, Ushio'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)
=47.63/112.7000*112.7000
=47.630

Current CPI (Mar. 2026) = 112.7000.

Ushio Quarterly Data

per share eps CPI Adj_EPS
201606 1.240 98.100 1.425
201609 13.149 98.000 15.121
201612 32.920 98.400 37.704
201703 7.475 98.100 8.587
201706 51.320 98.500 58.718
201709 13.619 98.800 15.535
201712 1.620 99.400 1.837
201803 19.544 99.200 22.204
201806 17.670 99.200 20.075
201809 9.769 99.900 11.021
201812 16.923 99.700 19.130
201903 44.420 99.700 50.212
201906 10.020 99.800 11.315
201909 14.390 100.100 16.201
201912 47.300 100.500 53.042
202003 1.211 100.300 1.361
202006 -8.760 99.900 -9.882
202009 -7.600 99.900 -8.574
202012 7.647 99.300 8.679
202103 2.986 99.900 3.369
202106 28.020 99.500 31.737
202109 25.888 100.100 29.147
202112 30.465 100.100 34.300
202203 20.060 101.100 22.362
202206 32.180 101.800 35.626
202209 47.730 103.100 52.174
202212 21.805 104.100 23.606
202303 13.775 104.400 14.870
202306 15.360 105.200 16.455
202309 21.560 106.200 22.880
202312 39.920 106.800 42.125
202403 20.380 107.200 21.426
202406 2.920 108.200 3.041
202409 20.030 108.900 20.729
202412 35.270 110.700 35.907
202503 12.050 111.100 12.224
202506 -32.060 111.700 -32.347
202509 34.830 112.000 35.048
202512 44.480 113.000 44.362
202603 47.630 112.700 47.630

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85.04 mean?
Ushio (TSE:6925) has a E10 of 円85.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ushio and its competitors.
Is Ushio's E10 too high?
Ushio's current E10 is 円85.04. Overall, Ushio has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ushio's E10 compare to GEV and ETN?
Ushio's E10 of 円85.04 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Ushio and its competitors. Ushio's current E10 is 円85.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ushio stock overvalued right now?
Based on GuruFocus' analysis, Ushio (TSE:6925) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,705.73, compared to a current price of 円4,296.00 — trading 58.8% above its estimated fair value. The current E10 is 円85.04. Ushio's overall GF Score™ is 83/100 with 6 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 Ushio (TSE:6925), the current E10 is 円85.04 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 Ushio (TSE:6925) Overvalued in 2026?

Based on GuruFocus' analysis, Ushio stock appears to be overvalued. The current stock price of 円4,296.00 is trading 58.8% above its estimated GF Value™ of 円2,705.73. GuruFocus considers Ushio to be Significantly Overvalued.

Key valuation signals for TSE:6925:

  • E10: 円85.04
  • GF Value™: 円2,705.73 vs. price of 円4,296.00 (58.8% above fair value)
  • GF Score™: 83/100 with 6 warning signs

No single metric tells the full story. See the TSE:6925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ushio Business Description

Other Exchanges UHOIF:USA
Address 2-6-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8150
Ushio Inc is a Japan-based company that primarily operates through two segments. The company's equipment business primarily manufactures and distributes imaging equipment and optical equipment, including digital projectors, optical equipment for manufacturing semiconductors, UV phototherapy devices, and EUV light sources equipment for semiconductor inspection and development applications. The light sources business manufactures lamps and LED and LD products, including UV lamps for manufacturing semiconductors, light sources for use in cinema projectors, and halogen lamps for office automation equipment.
83GF Score

Get the complete analysis for TSE:6925

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

円4,296.00
Price
円2,705.73
GF Value