IHI (TSE:7013) E10: 円38.73 (As of Mar. 2026)


TSE:7013 IHI Corp TSE:7013
69 GF Score
Price 円2,672.50
GF Value 円1,285.65
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is IHI E10?

IHI TSE:7013 -1.71% 69 E10 is 円38.73 as of Mar. 2026. GuruFocus rates TSE:7013 with a GF Score™ of 69/100 and a GF Value™ of 円1,285.65 (Significantly Overvalued). The stock has 2 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.

IHI's adjusted earnings per share data for the three months ended in Mar. 2026 was 円71.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円38.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, IHI's average E10 Growth Rate was 65.90% per year. During the past 3 years, the average E10 Growth Rate was 19.90% per year. During the past 5 years, the average E10 Growth Rate was 11.80% per year. During the past 10 years, the average E10 Growth Rate was 5.10% 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 IHI was 19.90% per year. The lowest was -8.20% per year. And the median was 4.00% per year.

As of today (2026-06-29), IHI's current stock price is 円2672.50. IHI's E10 for the quarter that ended in Mar. 2026 was 円38.73. IHI's Shiller PE Ratio of today is 69.00.

During the past 13 years, the highest Shiller PE Ratio of IHI was 123.56. The lowest was 7.94. And the median was 26.11.


IHI  (TSE:7013) 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.

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

Shiller PE Ratio=Share Price/E10
=2672.50/38.73
=69.00

* 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 IHI was 123.56. The lowest was 7.94. And the median was 26.11.


Be Aware

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


IHI E10 Related Terms


IHI E10 Historical Data

* Premium members only.

The historical data trend for IHI'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.

IHI E10 Chart

IHI 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 21.02 22.46 13.08 23.35 38.73

IHI 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 23.35 24.58 29.23 35.48 38.73

TSE:7013 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, IHI'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.


IHI Shiller PE Ratio vs Industrial Products Industry

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

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


TSE:7013
69GF Score
IHI Corp TSE:7013
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IHI 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, IHI'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)
=71.66/112.7000*112.7000
=71.660

Current CPI (Mar. 2026) = 112.7000.

IHI Quarterly Data

per share eps CPI Adj_EPS
201606 0.786 98.100 0.903
201609 -5.649 98.000 -6.496
201612 -3.623 98.400 -4.150
201703 13.339 98.100 15.324
201706 10.831 98.500 12.392
201709 -4.473 98.800 -5.102
201712 2.737 99.400 3.103
201803 -1.434 99.200 -1.629
201806 5.681 99.200 6.454
201809 20.617 99.900 23.259
201812 5.321 99.700 6.015
201903 5.290 99.700 5.980
201906 -2.559 99.800 -2.890
201909 -1.951 100.100 -2.197
201912 2.873 100.500 3.222
202003 9.340 100.300 10.495
202006 -5.927 99.900 -6.686
202009 -3.473 99.900 -3.918
202012 -0.321 99.300 -0.364
202103 22.314 99.900 25.173
202106 13.637 99.500 15.446
202109 0.946 100.100 1.065
202112 11.769 100.100 13.250
202203 36.484 101.100 40.670
202206 8.021 101.800 8.880
202209 11.919 103.100 13.029
202212 5.597 104.100 6.059
202303 16.526 104.400 17.840
202306 5.280 105.200 5.656
202309 -135.179 106.200 -143.453
202312 26.397 106.800 27.855
202403 39.077 107.200 41.082
202406 17.539 108.200 18.268
202409 19.561 108.900 20.244
202412 35.370 110.700 36.009
202503 33.926 111.100 34.415
202506 10.947 111.700 11.045
202509 41.803 112.000 42.064
202512 27.450 113.000 27.377
202603 71.660 112.700 71.660

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38.73 mean?
IHI (TSE:7013) has a E10 of 円38.73 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IHI and its competitors.
Is IHI's E10 too high?
IHI's current E10 is 円38.73. Overall, IHI has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHI's E10 compare to GEV and ETN?
IHI's E10 of 円38.73 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 IHI and its competitors. IHI's current E10 is 円38.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHI stock overvalued right now?
Based on GuruFocus' analysis, IHI (TSE:7013) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,285.65, compared to a current price of 円2,672.50 — trading 107.9% above its estimated fair value. The current E10 is 円38.73. IHI's overall GF Score™ is 69/100 with 2 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 IHI (TSE:7013), the current E10 is 円38.73 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 IHI (TSE:7013) Overvalued in 2026?

Based on GuruFocus' analysis, IHI stock appears to be overvalued. The current stock price of 円2,672.50 is trading 107.9% above its estimated GF Value™ of 円1,285.65. GuruFocus considers IHI to be Significantly Overvalued.

Key valuation signals for TSE:7013:

  • E10: 円38.73
  • GF Value™: 円1,285.65 vs. price of 円2,672.50 (107.9% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the TSE:7013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IHI Business Description

Address 1-1 Toyosu 3-chome, Toyosu IHI Building, Koto-ku, Tokyo, JPN, 135-8710
IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The company operates its business through four segments. The Aviation, Space, and Defense segment covers aero engines, rocket systems, space utilization, and defense equipment. The Industrial System and General-purpose Machinery segment includes turbochargers, compressors, logistics systems, and industrial machinery. The Resources, Energy, Environment segment focuses on nuclear power, carbon solutions, and related equipment. The Social Infrastructure segment involves bridges, transportation systems, shield systems, construction materials, and urban development.
69GF Score

Get the complete analysis for TSE:7013

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

円2,672.50
Price
円1,285.65
GF Value