Menicon Co (TSE:7780) E10: 円67.88 (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:7780 Menicon Co Ltd TSE:7780
82 GF Score
Price 円1,730.00
GF Value 円1,773.52
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Menicon Co E10?

Menicon Co TSE:7780 +0.17% 82 E10 is 円67.88 as of Mar. 2026. GuruFocus rates TSE:7780 with a GF Score™ of 82/100 and a GF Value™ of 円1,773.52 (Fairly Valued). The stock has 3 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.

Menicon Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-5.822. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円67.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Menicon Co's average E10 Growth Rate was 8.40% 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.

As of today (2026-09-16), Menicon Co's current stock price is 円1730.00. Menicon Co's E10 for the quarter that ended in Mar. 2026 was 円67.88. Menicon Co's Shiller PE Ratio of today is 25.48.

During the past 13 years, the highest Shiller PE Ratio of Menicon Co was 30.72. The lowest was 16.08. And the median was 23.29.


Menicon Co  (TSE:7780) 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.

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

Shiller PE Ratio=Share Price/E10
=1730.00/67.884
=25.48

* 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 Menicon Co was 30.72. The lowest was 16.08. And the median was 23.29.


Be Aware

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


Menicon Co E10 Related Terms


Menicon Co E10 Historical Data

* Premium members only.

The historical data trend for Menicon 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.

Menicon Co E10 Chart

Menicon 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 41.95 50.73 55.87 62.30 67.53

Menicon Co 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 63.50 65.32 69.21 67.88 70.39

TSE:7780 vs ISRG, BDX, RMD: E10 Comparison

For the Medical Instruments & Supplies subindustry, Menicon 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.


Menicon Co Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Menicon Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:7780
82GF Score
Menicon Co Ltd TSE:7780
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Menicon 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, Menicon 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)
=-5.8224/112.7000*112.7000
=-5.822

Current CPI (Mar. 2026) = 112.7000.

Menicon Co Quarterly Data

per share eps CPI Adj_EPS
201606 8.883 98.100 10.204
201609 8.878 98.000 10.209
201612 10.483 98.400 12.006
201703 7.215 98.100 8.289
201706 14.742 98.500 16.867
201709 16.847 98.800 19.217
201712 10.780 99.400 12.223
201803 -4.975 99.200 -5.652
201806 10.098 99.200 11.473
201809 13.764 99.900 15.528
201812 13.486 99.700 15.245
201903 9.792 99.700 11.069
201906 16.361 99.800 18.476
201909 23.033 100.100 25.932
201912 13.284 100.500 14.897
202003 0.777 100.300 0.873
202006 18.243 99.900 20.580
202009 23.790 99.900 26.838
202012 22.642 99.300 25.698
202103 12.550 99.900 14.158
202106 20.591 99.500 23.323
202109 20.873 100.100 23.500
202112 23.869 100.100 26.874
202203 13.726 101.100 15.301
202206 25.765 101.800 28.523
202209 26.122 103.100 28.554
202212 31.540 104.100 34.145
202303 6.344 104.400 6.849
202306 19.102 105.200 20.464
202309 21.164 106.200 22.459
202312 15.225 106.800 16.067
202403 -0.499 107.200 -0.524
202406 21.390 108.200 22.280
202409 22.570 108.900 23.358
202412 18.169 110.700 18.497
202503 6.348 111.100 6.439
202506 12.990 111.700 13.106
202509 28.622 112.000 28.801
202512 42.628 113.000 42.515
202603 -5.822 112.700 -5.822

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67.88 mean?
Menicon Co (TSE:7780) has a E10 of 円67.88 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Menicon Co and its competitors.
Is Menicon Co's E10 too high?
Menicon Co's current E10 is 円67.88. Overall, Menicon Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Menicon Co's E10 compare to ISRG and BDX?
Menicon Co's E10 of 円67.88 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good E10 depends on the Medical Devices & Instruments 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 Menicon Co and its competitors. Menicon Co's current E10 is 円67.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Menicon Co stock overvalued right now?
Based on GuruFocus' analysis, Menicon Co (TSE:7780) is currently considered Fairly Valued. The stock's GF Value™ is 円1,773.52, compared to a current price of 円1,730.00 — trading 2.5% below its estimated fair value. The current E10 is 円67.88. Menicon Co's overall GF Score™ is 82/100 with 3 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 Menicon Co (TSE:7780), the current E10 is 円67.88 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 Menicon Co (TSE:7780) Overvalued in 2026?

Based on GuruFocus' analysis, Menicon Co stock appears to be undervalued. The current stock price of 円1,730.00 is trading 2.5% below its estimated GF Value™ of 円1,773.52. GuruFocus considers Menicon Co to be Fairly Valued.

Key valuation signals for TSE:7780:

  • E10: 円67.88
  • GF Value™: 円1,773.52 vs. price of 円1,730.00 (2.5% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the TSE:7780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Menicon Co Business Description

Other Exchanges 5FR:Germany
Address 3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006
Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.
82GF Score

Get the complete analysis for TSE:7780

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

円1,730.00
Price
円1,773.52
GF Value