Shimano (TSE:7309) E10: 円819.51 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7309 Shimano Inc TSE:7309
75 GF Score
Price 円19,445.00
GF Value 円20,789.64
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Shimano E10?

Shimano TSE:7309 -0.97% 75 E10 is 円819.51 as of Mar. 2026. GuruFocus rates TSE:7309 with a GF Score™ of 75/100 and a GF Value™ of 円20,789.64 (Fairly Valued). The stock has 8 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.

Shimano's adjusted earnings per share data for the three months ended in Mar. 2026 was 円148.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円819.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shimano's average E10 Growth Rate was -2.60% per year. During the past 3 years, the average E10 Growth Rate was 2.60% per year. During the past 5 years, the average E10 Growth Rate was 10.10% 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 Shimano was 17.00% per year. The lowest was 2.60% per year. And the median was 12.50% per year.

As of today (2026-08-04), Shimano's current stock price is 円19445.00. Shimano's E10 for the quarter that ended in Mar. 2026 was 円819.51. Shimano's Shiller PE Ratio of today is 23.73.

During the past 13 years, the highest Shiller PE Ratio of Shimano was 62.80. The lowest was 19.02. And the median was 34.21.


Shimano  (TSE:7309) 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.

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

Shiller PE Ratio=Share Price/E10
=19445.00/819.51
=23.73

* 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 Shimano was 62.80. The lowest was 19.02. And the median was 34.21.


Be Aware

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


Shimano E10 Related Terms


Shimano E10 Historical Data

* Premium members only.

The historical data trend for Shimano'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.

Shimano E10 Chart

Shimano Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 618.46 753.62 799.28 852.48 814.72

Shimano Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 819.87 801.33 814.72 819.51 0.00

TSE:7309 vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Shimano'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.


Shimano Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Shiller PE Ratio distribution charts can be found below:

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


TSE:7309
75GF Score
Shimano Inc TSE:7309
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimano 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, Shimano'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)
=148.45/112.7000*112.7000
=148.450

Current CPI (Mar. 2026) = 112.7000.

Shimano Quarterly Data

per share eps CPI Adj_EPS
201606 178.709 98.100 205.306
201609 149.970 98.000 172.466
201612 152.518 98.400 174.683
201703 102.880 98.100 118.191
201706 99.144 98.500 113.437
201709 101.130 98.800 115.358
201712 111.528 99.400 126.451
201803 116.430 99.200 132.275
201806 182.570 99.200 207.416
201809 132.617 99.900 149.609
201812 150.140 99.700 169.717
201903 108.420 99.700 122.557
201906 158.745 99.800 179.264
201909 194.520 100.100 219.005
201912 97.453 100.500 109.283
202003 212.120 100.300 238.344
202006 124.519 99.900 140.473
202009 172.868 99.900 195.017
202012 175.200 99.300 198.842
202103 308.480 99.900 348.005
202106 295.696 99.500 334.924
202109 324.180 100.100 364.986
202112 324.260 100.100 365.076
202203 314.030 101.100 350.061
202206 436.650 101.800 483.403
202209 494.340 103.100 540.370
202212 162.111 104.100 175.503
202303 223.110 104.400 240.848
202306 333.700 105.200 357.490
202309 108.409 106.200 115.044
202312 10.815 106.800 11.412
202403 263.690 107.200 277.219
202406 223.800 108.200 233.108
202409 -25.780 108.900 -26.680
202412 391.650 110.700 398.726
202503 110.200 111.100 111.787
202506 -65.300 111.700 -65.885
202509 138.260 112.000 139.124
202512 205.010 113.000 204.466
202603 148.450 112.700 148.450

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819.51 mean?
Shimano (TSE:7309) has a E10 of 円819.51 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shimano and its competitors.
Is Shimano's E10 too high?
Shimano's current E10 is 円819.51. Overall, Shimano has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shimano's E10 compare to AS and HAS?
Shimano's E10 of 円819.51 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Shimano and its competitors. Shimano's current E10 is 円819.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimano stock overvalued right now?
Based on GuruFocus' analysis, Shimano (TSE:7309) is currently considered Fairly Valued. The stock's GF Value™ is 円20,789.64, compared to a current price of 円19,445.00 — trading 6.5% below its estimated fair value. The current E10 is 円819.51. Shimano's overall GF Score™ is 75/100 with 8 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 Shimano (TSE:7309), the current E10 is 円819.51 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 Shimano (TSE:7309) Overvalued in 2026?

Based on GuruFocus' analysis, Shimano stock appears to be undervalued. The current stock price of 円19,445.00 is trading 6.5% below its estimated GF Value™ of 円20,789.64. GuruFocus considers Shimano to be Fairly Valued.

Key valuation signals for TSE:7309:

  • E10: 円819.51
  • GF Value™: 円20,789.64 vs. price of 円19,445.00 (6.5% below fair value)
  • GF Score™: 75/100 with 8 warning signs

No single metric tells the full story. See the TSE:7309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shimano Business Description

Address 3-77 Oimatsu-cho, Sakai-ku, Sakai, JPN, 590-8577
Shimano, founded in 1921 and headquartered in Osaka, Japan, is a global leader in the development, production, and distribution of bicycle components, fishing tackle, and rowing equipment. The company also offers lifestyle gear, including apparel, shoes, and bags. With a strong international presence across Japan, Asia, Europe, the Americas, and Oceania, Shimano serves a diverse range of recreational and sporting markets worldwide.
75GF Score

Get the complete analysis for TSE:7309

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

円19,445.00
Price
円20,789.64
GF Value