Onward Holdings Co (TSE:8016) E10: 円-22.51 (As of Feb. 2026)


TSE:8016 Onward Holdings Co Ltd TSE:8016
76 GF Score
Price 円736.00
GF Value 円683.48
Valuation Fairly Valued
! 2 Warning Signs
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What is Onward Holdings Co E10?

Onward Holdings Co TSE:8016 +1.24% 76 E10 is 円-22.51 as of Feb. 2026. GuruFocus rates TSE:8016 with a GF Score™ of 76/100 and a GF Value™ of 円683.48 (Fairly Valued). 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.

Onward Holdings Co's adjusted earnings per share data for the three months ended in Feb. 2026 was 円18.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-22.51 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was 8.60% per year. During the past 5 years, the average E10 Growth Rate was 5.10% 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 Onward Holdings Co was 8.60% per year. The lowest was -32.90% per year. And the median was 2.25% per year.

As of today (2026-06-29), Onward Holdings Co's current stock price is 円736.00. Onward Holdings Co's E10 for the quarter that ended in Feb. 2026 was 円-22.51. Onward Holdings Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Onward Holdings Co was 74.55. The lowest was 18.49. And the median was 28.83.


Onward Holdings Co  (TSE:8016) 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.

During the past 13 years, the highest Shiller P/E Ratio of Onward Holdings Co was 74.55. The lowest was 18.49. And the median was 28.83.


Be Aware

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


Onward Holdings Co E10 Related Terms


Onward Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Onward Holdings 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.

Onward Holdings Co E10 Chart

Onward Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.72 -29.50 -28.74 -26.43 -22.51

Onward Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -26.43 -26.08 -24.55 -25.67 -22.51

TSE:8016 vs RL, LEVI, VFC: E10 Comparison

For the Apparel Manufacturing subindustry, Onward Holdings 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.


Onward Holdings Co Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


TSE:8016
76GF Score
Onward Holdings Co Ltd TSE:8016
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Onward Holdings 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, Onward Holdings Co's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=18.07/112.2000*112.2000
=18.070

Current CPI (Feb. 2026) = 112.2000.

Onward Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201605 18.460 98.200 21.092
201608 -8.510 97.900 -9.753
201611 35.740 98.600 40.670
201702 -14.780 98.100 -16.904
201705 20.110 98.600 22.884
201708 -4.800 98.500 -5.468
201711 33.290 99.100 37.691
201802 -12.170 99.500 -13.723
201805 14.970 99.300 16.915
201808 -4.640 99.800 -5.217
201811 22.510 100.000 25.256
201902 2.060 99.700 2.318
201905 11.710 100.000 13.139
201908 -193.029 100.000 -216.579
201911 12.270 100.500 13.698
202002 -218.212 100.300 -244.102
202005 -17.900 100.100 -20.064
202008 -94.586 100.100 -106.019
202011 4.385 99.500 4.945
202102 -63.360 99.800 -71.232
202105 15.170 99.400 17.123
202108 39.640 99.700 44.610
202111 4.670 100.100 5.235
202202 3.560 100.700 3.967
202205 13.420 101.800 14.791
202208 -9.930 102.700 -10.849
202211 16.540 103.900 17.861
202302 2.480 104.000 2.676
202305 24.640 105.100 26.305
202308 -3.580 105.900 -3.793
202311 21.220 106.900 22.272
202402 6.370 106.900 6.686
202405 29.580 108.100 30.702
202408 0.660 109.100 0.679
202411 12.300 110.000 12.546
202502 20.130 110.800 20.384
202505 31.440 111.800 31.552
202508 4.030 112.100 4.034
202511 20.680 113.200 20.497
202602 18.070 112.200 18.070

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-22.51 mean?
Onward Holdings Co (TSE:8016) has a E10 of 円-22.51 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Onward Holdings Co and its competitors.
Is Onward Holdings Co's E10 too high?
Onward Holdings Co's current E10 is 円-22.51. Overall, Onward Holdings Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's E10 compare to RL and LEVI?
Onward Holdings Co's E10 of 円-22.51 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 Onward Holdings Co and its competitors. Onward Holdings Co's current E10 is 円-22.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Onward Holdings Co (TSE:8016) is currently considered Fairly Valued. The stock's GF Value™ is 円683.48, compared to a current price of 円736.00 — trading 7.7% above its estimated fair value. The current E10 is 円-22.51. Onward Holdings Co's overall GF Score™ is 76/100 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 Onward Holdings Co (TSE:8016), the current E10 is 円-22.51 as of Feb. 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 Onward Holdings Co (TSE:8016) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of 円736.00 is trading 7.7% above its estimated GF Value™ of 円683.48. GuruFocus considers Onward Holdings Co to be Fairly Valued.

Key valuation signals for TSE:8016:

  • E10: 円-22.51
  • GF Value™: 円683.48 vs. price of 円736.00 (7.7% above fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the TSE:8016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Onward Holdings Co Business Description

Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
76GF Score

Get the complete analysis for TSE:8016

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

円736.00
Price
円683.48
GF Value