Artnature (TSE:7823) E10: 円46.08 (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:7823 Artnature Inc TSE:7823
68 GF Score
Price 円858.00
GF Value 円825.44
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Artnature E10?

Artnature TSE:7823 +0.94% 68 E10 is 円46.08 as of Mar. 2026. GuruFocus rates TSE:7823 with a GF Score™ of 68/100 and a GF Value™ of 円825.44 (Fairly Valued). 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.

Artnature's adjusted earnings per share data for the three months ended in Mar. 2026 was 円18.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円46.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Artnature's average E10 Growth Rate was 0.90% per year. During the past 3 years, the average E10 Growth Rate was -4.60% per year. During the past 5 years, the average E10 Growth Rate was -4.00% 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 Artnature was 1.10% per year. The lowest was -5.20% per year. And the median was -2.60% per year.

As of today (2026-07-15), Artnature's current stock price is 円858.00. Artnature's E10 for the quarter that ended in Mar. 2026 was 円46.08. Artnature's Shiller PE Ratio of today is 18.62.

During the past 13 years, the highest Shiller PE Ratio of Artnature was 18.88. The lowest was 9.27. And the median was 13.74.


Artnature  (TSE:7823) 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.

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

Shiller PE Ratio=Share Price/E10
=858.00/46.08
=18.62

* 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 Artnature was 18.88. The lowest was 9.27. And the median was 13.74.


Be Aware

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


Artnature E10 Related Terms


Artnature E10 Historical Data

* Premium members only.

The historical data trend for Artnature'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.

Artnature E10 Chart

Artnature 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 53.54 53.05 48.01 45.66 46.08

Artnature 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 45.66 44.60 45.30 45.15 46.08

TSE:7823 vs PG, CL, KVUE: E10 Comparison

For the Household & Personal Products subindustry, Artnature'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.


Artnature Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Artnature's Shiller PE Ratio distribution charts can be found below:

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


TSE:7823
68GF Score
Artnature Inc TSE:7823
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Artnature 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, Artnature'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)
=18.16/112.7000*112.7000
=18.160

Current CPI (Mar. 2026) = 112.7000.

Artnature Quarterly Data

per share eps CPI Adj_EPS
201606 4.710 98.100 5.411
201609 14.250 98.000 16.388
201612 26.530 98.400 30.385
201703 -3.490 98.100 -4.009
201706 -2.250 98.500 -2.574
201709 13.910 98.800 15.867
201712 13.880 99.400 15.737
201803 1.550 99.200 1.761
201806 11.200 99.200 12.724
201809 16.920 99.900 19.088
201812 15.300 99.700 17.295
201903 13.520 99.700 15.283
201906 6.350 99.800 7.171
201909 52.400 100.100 58.996
201912 -14.620 100.500 -16.395
202003 2.870 100.300 3.225
202006 -44.460 99.900 -50.157
202009 30.679 99.900 34.610
202012 34.387 99.300 39.027
202103 5.330 99.900 6.013
202106 15.070 99.500 17.069
202109 11.360 100.100 12.790
202112 25.160 100.100 28.327
202203 -14.640 101.100 -16.320
202206 24.320 101.800 26.924
202209 20.620 103.100 22.540
202212 16.810 104.100 18.199
202303 -4.510 104.400 -4.869
202306 21.050 105.200 22.551
202309 15.660 106.200 16.618
202312 24.090 106.800 25.421
202403 -16.620 107.200 -17.473
202406 6.110 108.200 6.364
202409 12.720 108.900 13.164
202412 8.040 110.700 8.185
202503 -1.990 111.100 -2.019
202506 3.650 111.700 3.683
202509 21.990 112.000 22.127
202512 13.530 113.000 13.494
202603 18.160 112.700 18.160

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46.08 mean?
Artnature (TSE:7823) has a E10 of 円46.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Artnature and its competitors.
Is Artnature's E10 too high?
Artnature's current E10 is 円46.08. Overall, Artnature has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Artnature's E10 compare to PG and CL?
Artnature's E10 of 円46.08 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Artnature and its competitors. Artnature's current E10 is 円46.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artnature stock overvalued right now?
Based on GuruFocus' analysis, Artnature (TSE:7823) is currently considered Fairly Valued. The stock's GF Value™ is 円825.44, compared to a current price of 円858.00 — trading 3.9% above its estimated fair value. The current E10 is 円46.08. Artnature's overall GF Score™ is 68/100 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 Artnature (TSE:7823), the current E10 is 円46.08 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 Artnature (TSE:7823) Overvalued in 2026?

Based on GuruFocus' analysis, Artnature stock appears to be overvalued. The current stock price of 円858.00 is trading 3.9% above its estimated GF Value™ of 円825.44. GuruFocus considers Artnature to be Fairly Valued.

Key valuation signals for TSE:7823:

  • E10: 円46.08
  • GF Value™: 円825.44 vs. price of 円858.00 (3.9% above fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the TSE:7823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artnature Business Description

Address 3-40-7, Yoyogi, Shibuya-ku, Tokyo, JPN, 151?0053
Artnature Inc is a Japanese based company operates in the business of wigs and hairpieces. The business activity of the group includes manufacturing and sale of custom-made wigs and hairpieces as well as hair-care products for men and women. In addition, it also provides hair addition, barber, and beauty services through its saloons. Its business segments as follows: Men's business, Women's business, and Women's ready-made products business.
68GF Score

Get the complete analysis for TSE:7823

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

円858.00
Price
円825.44
GF Value