Hakudo Co (TSE:7637) E10: 円181.76 (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:7637 Hakudo Co Ltd TSE:7637
84 GF Score
Price 円3,715.00
GF Value 円2,756.69
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Hakudo Co E10?

Hakudo Co TSE:7637 +0.95% 84 E10 is 円181.76 as of Mar. 2026. GuruFocus rates TSE:7637 with a GF Score™ of 84/100 and a GF Value™ of 円2,756.69 (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.

Hakudo Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円62.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円181.76 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 6.10% 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 Hakudo Co was 14.50% per year. The lowest was 6.10% per year. And the median was 10.30% per year.

As of today (2026-08-24), Hakudo Co's current stock price is 円3715.00. Hakudo Co's E10 for the quarter that ended in Mar. 2026 was 円181.76. Hakudo Co's Shiller PE Ratio of today is 20.44.

During the past 13 years, the highest Shiller PE Ratio of Hakudo Co was 30.88. The lowest was 9.58. And the median was 15.76.


Hakudo Co  (TSE:7637) 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.

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

Shiller PE Ratio=Share Price/E10
=3715.00/181.76
=20.44

* 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 Hakudo Co was 30.88. The lowest was 9.58. And the median was 15.76.


Be Aware

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


Hakudo Co E10 Related Terms


Hakudo Co E10 Historical Data

* Premium members only.

The historical data trend for Hakudo 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.

Hakudo Co E10 Chart

Hakudo 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 130.44 152.00 163.83 0.00 181.76

Hakudo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 173.77 173.85 178.41 181.76 0.00

TSE:7637 vs CRS, ATI, MLI: E10 Comparison

For the Metal Fabrication subindustry, Hakudo 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.


Hakudo Co Shiller PE Ratio vs Industrial Products Industry

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

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


TSE:7637
84GF Score
Hakudo Co Ltd TSE:7637
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hakudo 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, Hakudo 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)
=62.55/112.7000*112.7000
=62.550

Current CPI (Mar. 2026) = 112.7000.

Hakudo Co Quarterly Data

per share eps CPI Adj_EPS
201512 23.350 98.100 26.825
201603 26.090 97.900 30.034
201606 24.130 98.100 27.721
201609 23.550 98.000 27.083
201612 38.605 98.400 44.215
201703 37.620 98.100 43.219
201706 40.060 98.500 45.835
201709 41.910 98.800 47.806
201712 53.800 99.400 60.999
201803 43.030 99.200 48.886
201806 42.910 99.200 48.750
201809 36.020 99.900 40.635
201812 40.597 99.700 45.890
201903 18.448 99.700 20.853
201906 23.040 99.800 26.018
201909 25.358 100.100 28.550
201912 21.879 100.500 24.535
202003 30.990 100.300 34.821
202006 19.000 99.900 21.434
202009 18.747 99.900 21.149
202012 38.900 99.300 44.149
202103 36.360 99.900 41.019
202106 63.270 99.500 71.664
202109 56.233 100.100 63.311
202112 73.380 100.100 82.617
202203 68.446 101.100 76.299
202206 78.320 101.800 86.706
202209 66.579 103.100 72.778
202212 56.920 104.100 61.622
202303 39.549 104.400 42.693
202306 41.780 105.200 44.759
202309 45.070 106.200 47.829
202312 46.480 106.800 49.048
202403 35.659 107.200 37.489
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 25.610 111.700 25.839
202509 34.640 112.000 34.857
202512 66.440 113.000 66.264
202603 62.550 112.700 62.550

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181.76 mean?
Hakudo Co (TSE:7637) has a E10 of 円181.76 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hakudo Co and its competitors.
Is Hakudo Co's E10 too high?
Hakudo Co's current E10 is 円181.76. Overall, Hakudo Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hakudo Co's E10 compare to CRS and ATI?
Hakudo Co's E10 of 円181.76 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 Hakudo Co and its competitors. Hakudo Co's current E10 is 円181.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hakudo Co stock overvalued right now?
Based on GuruFocus' analysis, Hakudo Co (TSE:7637) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,756.69, compared to a current price of 円3,715.00 — trading 34.8% above its estimated fair value. The current E10 is 円181.76. Hakudo Co's overall GF Score™ is 84/100 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 Hakudo Co (TSE:7637), the current E10 is 円181.76 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 Hakudo Co (TSE:7637) Overvalued in 2026?

Based on GuruFocus' analysis, Hakudo Co stock appears to be overvalued. The current stock price of 円3,715.00 is trading 34.8% above its estimated GF Value™ of 円2,756.69. GuruFocus considers Hakudo Co to be Significantly Overvalued.

Key valuation signals for TSE:7637:

  • E10: 円181.76
  • GF Value™: 円2,756.69 vs. price of 円3,715.00 (34.8% above fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the TSE:7637 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hakudo Co Business Description

Address 11th Floor, Mitsubishi Building, 2-5-2, Marunouchi,Chiyoda-ku, Tokyo, JPN, 107-6322
Hakudo Co Ltd is the metal and plastic distributor in Japan, specializing in cutting and processing materials. The company offers non-ferrous metals such as aluminium and copper, as well as stainless steel, special steel, titanium and engineering plastics. In addition, the company also offers metal and plastic materials.
84GF Score

Get the complete analysis for TSE:7637

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

円3,715.00
Price
円2,756.69
GF Value