Itoki (TSE:7972) E10: 円74.92 (As of Dec. 2025)


TSE:7972 Itoki Corp TSE:7972
80 GF Score
Price 円2,654.00
GF Value 円1,924.87
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Itoki E10?

Itoki TSE:7972 +1.18% 80 E10 is 円74.92 as of Dec. 2025. GuruFocus rates TSE:7972 with a GF Score™ of 80/100 and a GF Value™ of 円1,924.87 (Significantly Overvalued). 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.

Itoki's adjusted earnings per share data for the three months ended in Dec. 2025 was 円34.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円74.92 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Itoki's average E10 Growth Rate was 15.50% per year. During the past 3 years, the average E10 Growth Rate was 15.10% per year. During the past 5 years, the average E10 Growth Rate was 15.90% 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 Itoki was 15.90% per year. The lowest was 10.10% per year. And the median was 14.30% per year.

As of today (2026-07-02), Itoki's current stock price is 円2654.00. Itoki's E10 for the quarter that ended in Dec. 2025 was 円74.92. Itoki's Shiller PE Ratio of today is 35.42.

During the past 13 years, the highest Shiller PE Ratio of Itoki was 48.18. The lowest was 7.02. And the median was 15.71.


Itoki  (TSE:7972) 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.

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

Shiller PE Ratio=Share Price/E10
=2654.00/74.92
=35.42

* 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 Itoki was 48.18. The lowest was 7.02. And the median was 15.71.


Be Aware

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


Itoki E10 Related Terms


Itoki E10 Historical Data

* Premium members only.

The historical data trend for Itoki'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.

Itoki E10 Chart

Itoki 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 41.66 49.07 52.83 64.84 74.92

Itoki 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 70.59 73.64 74.74 74.92 0.00

TSE:7972 vs SN, SGI, MHK: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Itoki'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.


Itoki Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Itoki's Shiller PE Ratio distribution charts can be found below:

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


TSE:7972
80GF Score
Itoki Corp TSE:7972
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itoki 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, Itoki's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=34.85/113.0000*113.0000
=34.850

Current CPI (Dec. 2025) = 113.0000.

Itoki Quarterly Data

per share eps CPI Adj_EPS
201603 32.380 97.900 37.374
201606 6.540 98.100 7.533
201609 -7.974 98.000 -9.195
201612 9.200 98.400 10.565
201703 48.200 98.100 55.521
201706 10.648 98.500 12.215
201709 -18.890 98.800 -21.605
201712 12.778 99.400 14.526
201803 34.550 99.200 39.356
201806 3.270 99.200 3.725
201809 -19.893 99.900 -22.502
201812 17.059 99.700 19.335
201903 26.890 99.700 30.477
201906 -5.720 99.800 -6.477
201909 -11.170 100.100 -12.609
201912 -22.080 100.500 -24.826
202003 38.640 100.300 43.533
202006 -12.240 99.900 -13.845
202009 -32.730 99.900 -37.022
202012 1.150 99.300 1.309
202103 42.880 99.900 48.503
202106 7.440 99.500 8.449
202109 -31.900 100.100 -36.011
202112 6.980 100.100 7.880
202203 74.950 101.100 83.772
202206 6.320 101.800 7.015
202209 -3.540 103.100 -3.880
202212 37.020 104.100 40.185
202303 67.700 104.400 73.277
202306 23.530 105.200 25.275
202309 2.110 106.200 2.245
202312 17.940 106.800 18.981
202403 85.710 107.200 90.347
202406 19.140 108.200 19.989
202409 14.150 108.900 14.683
202412 28.020 110.700 28.602
202503 99.910 111.100 101.619
202506 41.350 111.700 41.831
202509 14.060 112.000 14.186
202512 34.850 113.000 34.850

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74.92 mean?
Itoki (TSE:7972) has a E10 of 円74.92 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Itoki and its competitors.
Is Itoki's E10 too high?
Itoki's current E10 is 円74.92. Overall, Itoki has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itoki's E10 compare to SN and SGI?
Itoki's E10 of 円74.92 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Itoki and its competitors. Itoki's current E10 is 円74.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itoki stock overvalued right now?
Based on GuruFocus' analysis, Itoki (TSE:7972) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,924.87, compared to a current price of 円2,654.00 — trading 37.9% above its estimated fair value. The current E10 is 円74.92. Itoki's overall GF Score™ is 80/100 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 Itoki (TSE:7972), the current E10 is 円74.92 as of Dec. 2025. 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 Itoki (TSE:7972) Overvalued in 2026?

Based on GuruFocus' analysis, Itoki stock appears to be overvalued. The current stock price of 円2,654.00 is trading 37.9% above its estimated GF Value™ of 円1,924.87. GuruFocus considers Itoki to be Significantly Overvalued.

Key valuation signals for TSE:7972:

  • E10: 円74.92
  • GF Value™: 円1,924.87 vs. price of 円2,654.00 (37.9% above fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the TSE:7972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itoki Business Description

Address 2-5-1 Nihonbashi, Nihonbashi Takashimaya Mitsui Building, Chuo-ku, Tokyo, JPN, 103-6113
Itoki Corp is engaged in the manufacturing and selling of office furniture, facilities equipment, and other related products. Its product portfolio consists of steel and wooden furniture, iron doors, and safe-deposit boxes, as well as office supplies and equipment, and store furniture and equipment. The company is also involved in the provision of maintenance services and the execution and management of construction projects.
80GF Score

Get the complete analysis for TSE:7972

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

円2,654.00
Price
円1,924.87
GF Value