Jeol (TSE:6951) E10: 円238.11 (As of Mar. 2026)


TSE:6951 Jeol Ltd TSE:6951
86 GF Score
Price 円7,450.00
GF Value 円5,304.04
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Jeol E10?

Jeol TSE:6951 +1.46% 86 E10 is 円238.11 as of Mar. 2026. GuruFocus rates TSE:6951 with a GF Score™ of 86/100 and a GF Value™ of 円5,304.04 (Significantly Overvalued). The stock has 5 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.

Jeol's adjusted earnings per share data for the three months ended in Mar. 2026 was 円90.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円238.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Jeol's average E10 Growth Rate was 18.10% per year. During the past 3 years, the average E10 Growth Rate was 24.20% per year. During the past 5 years, the average E10 Growth Rate was 39.00% 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 Jeol was 69.10% per year. The lowest was 24.20% per year. And the median was 56.60% per year.

As of today (2026-07-01), Jeol's current stock price is 円7450.00. Jeol's E10 for the quarter that ended in Mar. 2026 was 円238.11. Jeol's Shiller PE Ratio of today is 31.29.

During the past 13 years, the highest Shiller PE Ratio of Jeol was 2719.44. The lowest was 19.98. And the median was 68.65.


Jeol  (TSE:6951) 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.

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

Shiller PE Ratio=Share Price/E10
=7450.00/238.11
=31.29

* 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 Jeol was 2719.44. The lowest was 19.98. And the median was 68.65.


Be Aware

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


Jeol E10 Related Terms


Jeol E10 Historical Data

* Premium members only.

The historical data trend for Jeol'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.

Jeol E10 Chart

Jeol 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 90.17 124.23 162.75 201.56 238.11

Jeol 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 201.56 212.05 219.42 234.22 238.11

TSE:6951 vs COHR, KEYS, GRMN: E10 Comparison

For the Scientific & Technical Instruments subindustry, Jeol'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.


Jeol Shiller PE Ratio vs Hardware Industry

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

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


TSE:6951
86GF Score
Jeol Ltd TSE:6951
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jeol 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, Jeol'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)
=90.63/112.7000*112.7000
=90.630

Current CPI (Mar. 2026) = 112.7000.

Jeol Quarterly Data

per share eps CPI Adj_EPS
201606 -46.060 98.100 -52.915
201609 -7.080 98.000 -8.142
201612 7.240 98.400 8.292
201703 58.202 98.100 66.864
201706 -43.980 98.500 -50.320
201709 28.830 98.800 32.886
201712 33.716 99.400 38.227
201803 75.216 99.200 85.452
201806 -15.150 99.200 -17.212
201809 43.735 99.900 49.339
201812 27.070 99.700 30.600
201903 67.289 99.700 76.063
201906 -32.660 99.800 -36.882
201909 58.100 100.100 65.413
201912 41.645 100.500 46.700
202003 43.839 100.300 49.259
202006 2.390 99.900 2.696
202009 37.608 99.900 42.427
202012 7.550 99.300 8.569
202103 29.960 99.900 33.799
202106 15.800 99.500 17.896
202109 56.910 100.100 64.073
202112 71.892 100.100 80.941
202203 96.981 101.100 108.108
202206 63.030 101.800 69.779
202209 78.640 103.100 85.962
202212 118.270 104.100 128.041
202303 89.383 104.400 96.489
202306 33.770 105.200 36.178
202309 113.390 106.200 120.330
202312 51.480 106.800 54.324
202403 226.255 107.200 237.863
202406 76.260 108.200 79.432
202409 137.340 108.900 142.132
202412 176.400 110.700 179.587
202503 -24.450 111.100 -24.802
202506 91.320 111.700 92.138
202509 101.230 112.000 101.863
202512 149.400 113.000 149.003
202603 90.630 112.700 90.630

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238.11 mean?
Jeol (TSE:6951) has a E10 of 円238.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Jeol and its competitors.
Is Jeol's E10 too high?
Jeol's current E10 is 円238.11. Overall, Jeol has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jeol's E10 compare to COHR and KEYS?
Jeol's E10 of 円238.11 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 Jeol and its competitors. Jeol's current E10 is 円238.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeol stock overvalued right now?
Based on GuruFocus' analysis, Jeol (TSE:6951) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,304.04, compared to a current price of 円7,450.00 — trading 40.5% above its estimated fair value. The current E10 is 円238.11. Jeol's overall GF Score™ is 86/100 with 5 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 Jeol (TSE:6951), the current E10 is 円238.11 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 Jeol (TSE:6951) Overvalued in 2026?

Based on GuruFocus' analysis, Jeol stock appears to be overvalued. The current stock price of 円7,450.00 is trading 40.5% above its estimated GF Value™ of 円5,304.04. GuruFocus considers Jeol to be Significantly Overvalued.

Key valuation signals for TSE:6951:

  • E10: 円238.11
  • GF Value™: 円5,304.04 vs. price of 円7,450.00 (40.5% above fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the TSE:6951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jeol Business Description

Other Exchanges JELLF:USAJEL:Germany
Address 3-1-2 Musashino, Akishima, Tokyo, JPN, 196-8558
Jeol Ltd is engaged in the manufacture and sale of scientific and measuring instruments, industrial equipment, and medical equipment. The group has three reportable segments: Scientific and Measuring Instruments, Industrial Equipment, and Medical Equipment. The Scientific and Measuring Instruments segment manufactures and sells electron microscopes, nuclear magnetic resonance devices, and mass spectrometers. The Industrial Equipment segment manufactures and sells electron beam lithography equipment, electron beam metal 3D printers, and high-frequency power supplies. The Medical Equipment segment manufactures and sells automatic analyzers and related products. It generates the majority of its revenue from the Scientific and Measuring Instruments segment.
86GF Score

Get the complete analysis for TSE:6951

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

円7,450.00
Price
円5,304.04
GF Value