Shimadzu (TSE:7701) E10: 円 (As of Jun. 2026)

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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.
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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:7701 Shimadzu Corp TSE:7701
96 GF Score
Price 円3,928.00
GF Value 円4,712.53
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Shimadzu E10?

Shimadzu TSE:7701 +1.21% 96 E10 is 円 as of Jun. 2026. GuruFocus rates TSE:7701 with a GF Score™ of 96/100 and a GF Value™ of 円4,712.53 (Modestly Undervalued). The stock has 1 warning sign 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.

Shimadzu's adjusted earnings per share data for the three months ended in Jun. 2026 was 円46.145. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, Shimadzu's average E10 Growth Rate was 9.50% per year. During the past 3 years, the average E10 Growth Rate was 13.00% per year. During the past 5 years, the average E10 Growth Rate was 15.60% 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 Shimadzu was 18.20% per year. The lowest was 13.00% per year. And the median was 15.70% per year.

As of today (2026-09-20), Shimadzu's current stock price is 円3928.00. Shimadzu's E10 for the quarter that ended in Jun. 2026 was . Shimadzu's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Shimadzu was 68.11. The lowest was 22.21. And the median was 42.14.


Shimadzu  (TSE:7701) 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.

During the past 13 years, the highest Shiller P/E Ratio of Shimadzu was 68.11. The lowest was 22.21. And the median was 42.14.


Be Aware

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


Shimadzu E10 Related Terms


Shimadzu E10 Historical Data

* Premium members only.

The historical data trend for Shimadzu'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.

Shimadzu E10 Chart

Shimadzu Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
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Shimadzu Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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TSE:7701 vs GRMN, COHR, KEYS: E10 Comparison

For the Scientific & Technical Instruments subindustry, Shimadzu'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.


Shimadzu Shiller PE Ratio vs Hardware Industry

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

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


TSE:7701
96GF Score
Shimadzu Corp TSE:7701
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimadzu 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, Shimadzu's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=46.1445/113.6000*113.6000
=46.145

Current CPI (Jun. 2026) = 113.6000.

Shimadzu Quarterly Data

per share eps CPI Adj_EPS
201609 24.560 98.000 28.470
201612 18.650 98.400 21.531
201703 36.110 98.100 41.815
201706 8.240 98.500 9.503
201709 30.180 98.800 34.701
201712 22.780 99.400 26.034
201803 40.080 99.200 45.898
201806 14.770 99.200 16.914
201809 29.073 99.900 33.060
201812 22.280 99.700 25.386
201903 44.282 99.700 50.455
201906 11.580 99.800 13.181
201909 33.388 100.100 37.891
201912 27.624 100.500 31.224
202003 35.248 100.300 39.922
202006 14.122 99.900 16.059
202009 33.111 99.900 37.652
202012 32.904 99.300 37.642
202103 42.376 99.900 48.188
202106 29.615 99.500 33.812
202109 39.908 100.100 45.290
202112 45.450 100.100 51.580
202203 45.518 101.100 51.146
202206 29.475 101.800 32.892
202209 53.670 103.100 59.136
202212 38.762 104.100 42.299
202303 54.725 104.400 59.548
202306 37.668 105.200 40.676
202309 52.422 106.200 56.075
202312 42.430 106.800 45.131
202403 61.013 107.200 64.656
202406 33.886 108.200 35.577
202409 38.488 108.900 40.149
202412 50.570 110.700 51.894
202503 61.031 111.100 62.405
202506 27.416 111.700 27.882
202509 54.369 112.000 55.146
202512 53.495 113.000 53.779
202603 74.105 112.700 74.697
202606 46.145 113.600 46.145

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 mean?
Shimadzu (TSE:7701) has a E10 of 円 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shimadzu and its competitors.
Is Shimadzu's E10 too high?
Shimadzu's current E10 is 円. Overall, Shimadzu has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shimadzu's E10 compare to GRMN and COHR?
Shimadzu's E10 of 円 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 Shimadzu and its competitors. Shimadzu's current E10 is 円. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimadzu stock overvalued right now?
Based on GuruFocus' analysis, Shimadzu (TSE:7701) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,712.53, compared to a current price of 円3,928.00 — trading 16.6% below its estimated fair value. The current E10 is 円. Shimadzu's overall GF Score™ is 96/100 with 1 warning sign 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 Shimadzu (TSE:7701), the current E10 is 円 as of Jun. 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 Shimadzu (TSE:7701) Overvalued in 2026?

Based on GuruFocus' analysis, Shimadzu stock appears to be undervalued. The current stock price of 円3,928.00 is trading 16.6% below its estimated GF Value™ of 円4,712.53. GuruFocus considers Shimadzu to be Modestly Undervalued.

Key valuation signals for TSE:7701:

  • E10:
  • GF Value™: 円4,712.53 vs. price of 円3,928.00 (16.6% below fair value)
  • GF Score™: 96/100 with 1 warning sign

No single metric tells the full story. See the TSE:7701 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shimadzu Business Description

Other Exchanges SHMXY:USAHDZ:Germany
Address 1 Nishinokyo Kuwabaracho, Nakagyo-ku, Kyoto, JPN, 604-8511
Shimadzu Corp is a Japan-based company engaged in the manufacture of precision instruments, measuring equipment, and medical devices. The firm operates in four segments: Aviation Equipment, Industrial Equipment, Measuring Equipment, Medical Equipment, and Others. It generates the majority of its revenue from the Measuring Equipment segment, which is engaged in the provision of X-ray television (TV) systems, angiography systems, X-ray imaging systems, and others.
96GF Score

Get the complete analysis for TSE:7701

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

円3,928.00
Price
円4,712.53
GF Value