ASICS (TSE:7936) E10: 円37.37 (As of Mar. 2026)


TSE:7936 ASICS Corp TSE:7936
89 GF Score
Price 円4,487.00
GF Value 円4,168.96
Valuation Fairly Valued
! 1 Warning Sign
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What is ASICS E10?

ASICS TSE:7936 +0.70% 89 E10 is 円37.37 as of Mar. 2026. GuruFocus rates TSE:7936 with a GF Score™ of 89/100 and a GF Value™ of 円4,168.96 (Fairly Valued). 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.

ASICS's adjusted earnings per share data for the three months ended in Mar. 2026 was 円65.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円37.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ASICS's average E10 Growth Rate was 65.20% per year. During the past 3 years, the average E10 Growth Rate was 45.70% per year. During the past 5 years, the average E10 Growth Rate was 26.70% 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 ASICS was 45.70% per year. The lowest was -18.20% per year. And the median was 0.75% per year.

As of today (2026-06-29), ASICS's current stock price is 円4487.00. ASICS's E10 for the quarter that ended in Mar. 2026 was 円37.37. ASICS's Shiller PE Ratio of today is 120.07.

During the past 13 years, the highest Shiller PE Ratio of ASICS was 184.01. The lowest was 13.14. And the median was 57.95.


ASICS  (TSE:7936) 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.

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

Shiller PE Ratio=Share Price/E10
=4487.00/37.37
=120.07

* 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 ASICS was 184.01. The lowest was 13.14. And the median was 57.95.


Be Aware

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


ASICS E10 Related Terms


ASICS E10 Historical Data

* Premium members only.

The historical data trend for ASICS'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.

ASICS E10 Chart

ASICS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.64 10.42 13.18 19.33 32.23

ASICS 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 22.62 24.96 26.40 32.23 37.37

TSE:7936 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, ASICS'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.


ASICS Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Shiller PE Ratio distribution charts can be found below:

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


TSE:7936
89GF Score
ASICS Corp TSE:7936
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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ASICS 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, ASICS'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)
=65.66/112.7000*112.7000
=65.660

Current CPI (Mar. 2026) = 112.7000.

ASICS Quarterly Data

per share eps CPI Adj_EPS
201606 3.133 98.100 3.599
201609 8.500 98.000 9.775
201612 -4.105 98.400 -4.702
201703 11.643 98.100 13.376
201706 2.883 98.500 3.299
201709 5.110 98.800 5.829
201712 -3.730 99.400 -4.229
201803 6.615 99.200 7.515
201806 -2.493 99.200 -2.832
201809 6.073 99.900 6.851
201812 -37.910 99.700 -42.853
201903 5.555 99.700 6.279
201906 1.505 99.800 1.700
201909 1.908 100.100 2.148
201912 0.280 100.500 0.314
202003 -0.333 100.300 -0.374
202006 -8.245 99.900 -9.301
202009 3.904 99.900 4.404
202012 -17.383 99.300 -19.729
202103 14.310 99.900 16.144
202106 2.548 99.500 2.886
202109 9.173 100.100 10.328
202112 -13.213 100.100 -14.876
202203 11.908 101.100 13.274
202206 6.598 101.800 7.304
202209 13.205 103.100 14.435
202212 -4.588 104.100 -4.967
202303 22.243 104.400 24.011
202306 11.568 105.200 12.393
202309 21.113 106.200 22.405
202312 -6.838 106.800 -7.216
202403 36.620 107.200 38.499
202406 21.420 108.200 22.311
202409 31.510 108.900 32.610
202412 -1.380 110.700 -1.405
202503 44.200 111.100 44.837
202506 30.740 111.700 31.015
202509 14.610 112.000 14.701
202512 48.410 113.000 48.281
202603 65.660 112.700 65.660

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37.37 mean?
ASICS (TSE:7936) has a E10 of 円37.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASICS and its competitors.
Is ASICS's E10 too high?
ASICS's current E10 is 円37.37. Overall, ASICS has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's E10 compare to NKE and DECK?
ASICS's E10 of 円37.37 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 ASICS and its competitors. ASICS's current E10 is 円37.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (TSE:7936) is currently considered Fairly Valued. The stock's GF Value™ is 円4,168.96, compared to a current price of 円4,487.00 — trading 7.6% above its estimated fair value. The current E10 is 円37.37. ASICS's overall GF Score™ is 89/100 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 ASICS (TSE:7936), the current E10 is 円37.37 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 ASICS (TSE:7936) Overvalued in 2026?

Based on GuruFocus' analysis, ASICS stock appears to be overvalued. The current stock price of 円4,487.00 is trading 7.6% above its estimated GF Value™ of 円4,168.96. GuruFocus considers ASICS to be Fairly Valued.

Key valuation signals for TSE:7936:

  • E10: 円37.37
  • GF Value™: 円4,168.96 vs. price of 円4,487.00 (7.6% above fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the TSE:7936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASICS Business Description

Address 1-2-4 Sannomiyacho, Yamato Kobe Building, Chuo-ku, Hyogo Prefecture, Kobe, JPN, 650-0021
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
89GF Score

Get the complete analysis for TSE:7936

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

円4,487.00
Price
円4,168.96
GF Value