Mizuno (TSE:8022) E10: 円119.45 (As of Mar. 2026)


TSE:8022 Mizuno Corp TSE:8022
89 GF Score
Price 円3,445.00
GF Value 円2,904.23
Valuation Modestly Overvalued
View Full Analysis

What is Mizuno E10?

Mizuno TSE:8022 -1.01% 89 E10 is 円119.45 as of Mar. 2026. GuruFocus rates TSE:8022 with a GF Score™ of 89/100 and a GF Value™ of 円2,904.23 (Modestly Overvalued).

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.

Mizuno's adjusted earnings per share data for the three months ended in Mar. 2026 was 円45.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円119.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mizuno's average E10 Growth Rate was 23.00% per year. During the past 3 years, the average E10 Growth Rate was 24.00% per year. During the past 5 years, the average E10 Growth Rate was 22.60% 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 Mizuno was 24.20% per year. The lowest was 8.50% per year. And the median was 20.00% per year.

As of today (2026-06-29), Mizuno's current stock price is 円3445.00. Mizuno's E10 for the quarter that ended in Mar. 2026 was 円119.45. Mizuno's Shiller PE Ratio of today is 28.84.

During the past 13 years, the highest Shiller PE Ratio of Mizuno was 51.92. The lowest was 11.67. And the median was 22.24.


Mizuno  (TSE:8022) 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.

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

Shiller PE Ratio=Share Price/E10
=3445.00/119.45
=28.84

* 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 Mizuno was 51.92. The lowest was 11.67. And the median was 22.24.


Be Aware

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


Mizuno E10 Related Terms


Mizuno E10 Historical Data

* Premium members only.

The historical data trend for Mizuno'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.

Mizuno E10 Chart

Mizuno 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 50.73 62.60 79.15 97.15 119.45

Mizuno 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 97.15 102.88 108.63 114.90 119.45

TSE:8022 vs CASY, WSM, DKS: E10 Comparison

For the Specialty Retail subindustry, Mizuno'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.


Mizuno Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mizuno's Shiller PE Ratio distribution charts can be found below:

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


TSE:8022
89GF Score
Mizuno Corp TSE:8022
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuno 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, Mizuno'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)
=45.86/112.7000*112.7000
=45.860

Current CPI (Mar. 2026) = 112.7000.

Mizuno Quarterly Data

per share eps CPI Adj_EPS
201606 -8.467 98.100 -9.727
201609 17.761 98.000 20.425
201612 -7.712 98.400 -8.833
201703 7.767 98.100 8.923
201706 12.663 98.500 14.489
201709 20.017 98.800 22.833
201712 11.077 99.400 12.559
201803 20.573 99.200 23.373
201806 10.493 99.200 11.921
201809 20.917 99.900 23.597
201812 6.570 99.700 7.427
201903 40.976 99.700 46.319
201906 17.187 99.800 19.409
201909 20.900 100.100 23.531
201912 4.017 100.500 4.505
202003 18.522 100.300 20.812
202006 -14.357 99.900 -16.197
202009 15.996 99.900 18.046
202012 23.680 99.300 26.875
202103 23.631 99.900 26.659
202106 35.860 99.500 40.617
202109 20.040 100.100 22.563
202112 23.657 100.100 26.635
202203 21.117 101.100 23.540
202206 45.730 101.800 50.626
202209 38.120 103.100 41.669
202212 18.170 104.100 19.671
202303 27.217 104.400 29.381
202306 60.907 105.200 65.249
202309 40.553 106.200 43.035
202312 46.144 106.800 48.693
202403 38.957 107.200 40.956
202406 66.950 108.200 69.734
202409 38.590 108.900 39.937
202412 58.793 110.700 59.855
202503 34.317 111.100 34.811
202506 63.600 111.700 64.169
202509 65.080 112.000 65.487
202512 65.190 113.000 65.017
202603 45.860 112.700 45.860

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119.45 mean?
Mizuno (TSE:8022) has a E10 of 円119.45 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mizuno and its competitors.
Is Mizuno's E10 too high?
Mizuno's current E10 is 円119.45. Overall, Mizuno has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuno's E10 compare to CASY and WSM?
Mizuno's E10 of 円119.45 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Mizuno and its competitors. Mizuno's current E10 is 円119.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuno stock overvalued right now?
Based on GuruFocus' analysis, Mizuno (TSE:8022) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,904.23, compared to a current price of 円3,445.00 — trading 18.6% above its estimated fair value. The current E10 is 円119.45. Mizuno's overall GF Score™ is 89/100. 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 Mizuno (TSE:8022), the current E10 is 円119.45 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 Mizuno (TSE:8022) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuno stock appears to be overvalued. The current stock price of 円3,445.00 is trading 18.6% above its estimated GF Value™ of 円2,904.23. GuruFocus considers Mizuno to be Modestly Overvalued.

Key valuation signals for TSE:8022:

  • E10: 円119.45
  • GF Value™: 円2,904.23 vs. price of 円3,445.00 (18.6% above fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the TSE:8022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mizuno Business Description

Other Exchanges MIZ:Germany
Address 1-12-35 Nanko-Kita Suminoe-ku, Osaka-shi, JPN, 559-8510
Mizuno Corporation is a Japan-based company principally engaged in the manufacture and sale of sporting goods under the brand MIZUNO worldwide. The company's product mix consists of sports equipment, sports shoes, sportswear, and other products and services. Footwear and apparel jointly account for more than half of the company's total revenue. The company's products are produced in the company's own factories or commissioned factories. The company has business presence in Japan, the Americas, EMEA, Asia and Oceania, with Japan contributing over half of the company's total revenue.
89GF Score

Get the complete analysis for TSE:8022

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

円3,445.00
Price
円2,904.23
GF Value