Avex (TSE:7860) E10: 円66.47 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:7860 Avex Inc TSE:7860
80 GF Score
Price 円1,257.00
GF Value 円1,580.09
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Avex E10?

Avex TSE:7860 80 E10 is 円66.47 as of Mar. 2026. GuruFocus rates TSE:7860 with a GF Score™ of 80/100 and a GF Value™ of 円1,580.09 (Modestly Undervalued). The stock has 2 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.

Avex's adjusted earnings per share data for the three months ended in Mar. 2026 was 円11.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円66.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Avex's average E10 Growth Rate was -3.00% per year. During the past 3 years, the average E10 Growth Rate was -10.40% per year. During the past 5 years, the average E10 Growth Rate was -10.50% 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 Avex was 5.50% per year. The lowest was -12.30% per year. And the median was -5.55% per year.

As of today (2026-07-15), Avex's current stock price is 円1257.00. Avex's E10 for the quarter that ended in Mar. 2026 was 円66.47. Avex's Shiller PE Ratio of today is 18.91.

During the past 13 years, the highest Shiller PE Ratio of Avex was 23.41. The lowest was 8.30. And the median was 15.81.


Avex  (TSE:7860) 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.

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

Shiller PE Ratio=Share Price/E10
=1257.00/66.47
=18.91

* 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 Avex was 23.41. The lowest was 8.30. And the median was 15.81.


Be Aware

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


Avex E10 Related Terms


Avex E10 Historical Data

* Premium members only.

The historical data trend for Avex'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.

Avex E10 Chart

Avex 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 101.73 92.28 78.92 68.52 66.47

Avex 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 68.52 72.02 71.93 75.49 66.47

TSE:7860 vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, Avex'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.


Avex Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Avex's Shiller PE Ratio distribution charts can be found below:

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


TSE:7860
80GF Score
Avex Inc TSE:7860
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avex 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, Avex'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)
=11.43/112.7000*112.7000
=11.430

Current CPI (Mar. 2026) = 112.7000.

Avex Quarterly Data

per share eps CPI Adj_EPS
201606 11.110 98.100 12.763
201609 4.470 98.000 5.141
201612 -15.250 98.400 -17.466
201703 2.350 98.100 2.700
201706 7.450 98.500 8.524
201709 -22.180 98.800 -25.300
201712 63.586 99.400 72.094
201803 11.300 99.200 12.838
201806 -3.370 99.200 -3.829
201809 40.055 99.900 45.187
201812 19.260 99.700 21.771
201903 -1.480 99.700 -1.673
201906 -8.040 99.800 -9.079
201909 -32.598 100.100 -36.701
201912 41.970 100.500 47.065
202003 -26.760 100.300 -30.068
202006 -39.180 99.900 -44.200
202009 -36.350 99.900 -41.007
202012 -24.111 99.300 -27.365
202103 396.420 99.900 447.213
202106 0.270 99.500 0.306
202109 36.750 100.100 41.376
202112 17.640 100.100 19.860
202203 -33.900 101.100 -37.790
202206 37.210 101.800 41.194
202209 33.932 103.100 37.092
202212 -8.500 104.100 -9.202
202303 -1.870 104.400 -2.019
202306 59.900 105.200 64.170
202309 -5.500 106.200 -5.837
202312 -22.610 106.800 -23.859
202403 -9.960 107.200 -10.471
202406 40.540 108.200 42.226
202409 -4.030 108.900 -4.171
202412 12.460 110.700 12.685
202503 -22.860 111.100 -23.189
202506 17.960 111.700 18.121
202509 2.420 112.000 2.435
202512 51.870 113.000 51.732
202603 11.430 112.700 11.430

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66.47 mean?
Avex (TSE:7860) has a E10 of 円66.47 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Avex and its competitors.
Is Avex's E10 too high?
Avex's current E10 is 円66.47. Overall, Avex has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avex's E10 compare to NFLX and DIS?
Avex's E10 of 円66.47 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 Avex and its competitors. Avex's current E10 is 円66.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avex stock overvalued right now?
Based on GuruFocus' analysis, Avex (TSE:7860) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,580.09, compared to a current price of 円1,257.00 — trading 20.4% below its estimated fair value. The current E10 is 円66.47. Avex's overall GF Score™ is 80/100 with 2 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 Avex (TSE:7860), the current E10 is 円66.47 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 Avex (TSE:7860) Overvalued in 2026?

Based on GuruFocus' analysis, Avex stock appears to be undervalued. The current stock price of 円1,257.00 is trading 20.4% below its estimated GF Value™ of 円1,580.09. GuruFocus considers Avex to be Modestly Undervalued.

Key valuation signals for TSE:7860:

  • E10: 円66.47
  • GF Value™: 円1,580.09 vs. price of 円1,257.00 (20.4% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TSE:7860 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avex Business Description

Other Exchanges AVEXF:USAAX8:Germany
Address Avex Building, 3-30-3 Minami Aoyama, Minato-ku, Tokyo, JPN, 107-8577
Avex Inc is a diversified media company, which holds a number of entertainment subsidiaries. The company has four primary business segments: music, video, management and live content, and other. The music segment designs, produces, and sells music and music-related content. The video segment plans, produces, sells, and distributes video content and feature films. The management and live business segment manages artists, sells merchandise, operates fan clubs, and is involved in the production of concerts and live events. The other business segment operates schools, restaurants, and real estate. The company generates the vast majority of its revenue in Japan.
80GF Score

Get the complete analysis for TSE:7860

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

円1,257.00
Price
円1,580.09
GF Value