Unicharm (TSE:8113) E10: 円39.23 (As of Mar. 2026)


TSE:8113 Unicharm Corp TSE:8113
86 GF Score
Price 円943.60
GF Value 円1,333.53
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Unicharm E10?

Unicharm TSE:8113 -0.10% 86 E10 is 円39.23 as of Mar. 2026. GuruFocus rates TSE:8113 with a GF Score™ of 86/100 and a GF Value™ of 円1,333.53 (Modestly Undervalued). The stock has 4 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.

Unicharm's adjusted earnings per share data for the three months ended in Mar. 2026 was 円11.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円39.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Unicharm's average E10 Growth Rate was 3.20% per year. During the past 3 years, the average E10 Growth Rate was 8.50% per year. During the past 5 years, the average E10 Growth Rate was 9.50% 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 Unicharm was 10.70% per year. The lowest was 3.70% per year. And the median was 7.45% per year.

As of today (2026-07-01), Unicharm's current stock price is 円943.60. Unicharm's E10 for the quarter that ended in Mar. 2026 was 円39.23. Unicharm's Shiller PE Ratio of today is 24.05.

During the past 13 years, the highest Shiller PE Ratio of Unicharm was 70.66. The lowest was 22.31. And the median was 49.64.


Unicharm  (TSE:8113) 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.

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

Shiller PE Ratio=Share Price/E10
=943.60/39.23
=24.05

* 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 Unicharm was 70.66. The lowest was 22.31. And the median was 49.64.


Be Aware

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


Unicharm E10 Related Terms


Unicharm E10 Historical Data

* Premium members only.

The historical data trend for Unicharm'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.

Unicharm E10 Chart

Unicharm 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 28.10 30.39 33.46 36.82 38.80

Unicharm 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 38.01 38.54 39.63 38.80 39.23

TSE:8113 vs PG, CL, KVUE: E10 Comparison

For the Household & Personal Products subindustry, Unicharm'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.


Unicharm Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Unicharm's Shiller PE Ratio distribution charts can be found below:

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


TSE:8113
86GF Score
Unicharm Corp TSE:8113
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unicharm 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, Unicharm'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)
=11.4/112.7000*112.7000
=11.400

Current CPI (Mar. 2026) = 112.7000.

Unicharm Quarterly Data

per share eps CPI Adj_EPS
201606 5.377 98.100 6.177
201609 6.910 98.000 7.947
201612 7.957 98.400 9.113
201703 6.347 98.100 7.292
201706 7.483 98.500 8.562
201709 10.150 98.800 11.578
201712 5.057 99.400 5.734
201803 7.817 99.200 8.881
201806 8.717 99.200 9.903
201809 9.403 99.900 10.608
201812 7.880 99.700 8.907
201903 7.043 99.700 7.961
201906 7.020 99.800 7.927
201909 11.270 100.100 12.689
201912 0.347 100.500 0.389
202003 10.707 100.300 12.031
202006 0.037 99.900 0.042
202009 11.270 99.900 12.714
202012 6.820 99.300 7.740
202103 11.177 99.900 12.609
202106 11.060 99.500 12.527
202109 12.290 100.100 13.837
202112 6.043 100.100 6.804
202203 9.403 101.100 10.482
202206 8.347 101.800 9.241
202209 11.613 103.100 12.694
202212 8.503 104.100 9.205
202303 9.280 104.400 10.018
202306 10.210 105.200 10.938
202309 14.850 106.200 15.759
202312 14.140 106.800 14.921
202403 10.070 107.200 10.587
202406 12.350 108.200 12.864
202409 11.320 108.900 11.715
202412 12.670 110.700 12.899
202503 14.180 111.100 14.384
202506 9.660 111.700 9.746
202509 10.840 112.000 10.908
202512 2.584 113.000 2.577
202603 11.400 112.700 11.400

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39.23 mean?
Unicharm (TSE:8113) has a E10 of 円39.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Unicharm and its competitors.
Is Unicharm's E10 too high?
Unicharm's current E10 is 円39.23. Overall, Unicharm has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Unicharm's E10 compare to PG and CL?
Unicharm's E10 of 円39.23 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Unicharm and its competitors. Unicharm's current E10 is 円39.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unicharm stock overvalued right now?
Based on GuruFocus' analysis, Unicharm (TSE:8113) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,333.53, compared to a current price of 円943.60 — trading 29.2% below its estimated fair value. The current E10 is 円39.23. Unicharm's overall GF Score™ is 86/100 with 4 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 Unicharm (TSE:8113), the current E10 is 円39.23 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 Unicharm (TSE:8113) Overvalued in 2026?

Based on GuruFocus' analysis, Unicharm stock appears to be undervalued. The current stock price of 円943.60 is trading 29.2% below its estimated GF Value™ of 円1,333.53. GuruFocus considers Unicharm to be Modestly Undervalued.

Key valuation signals for TSE:8113:

  • E10: 円39.23
  • GF Value™: 円1,333.53 vs. price of 円943.60 (29.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the TSE:8113 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unicharm Business Description

Address 3-5-19, Mita, Sumitomo Fudosan Tokyo Mita Garden Tower, Minato-ku, Tokyo, JPN, 108-8575
Focusing on personal hygiene products utilizing nonwoven fabric, Unicharm is the largest manufacturer of disposable baby diapers and feminine sanitary and adult incontinence products in Japan and Asia. Its personal care business accounted for around 80% of its sales as of 2025, with the balance mainly from pet care. Unicharm generates around 60% of its revenue from overseas, of which nearly three-fourths are from Asia, mostly China, Indonesia, and Thailand. India is the fastest-growing market, followed by Vietnam. Outside Asia, Unicharm operates in Saudi Arabia, the Americas, and Europe. Drugstores, supermarkets, baby product specialty stores, and e-commerce are the key sales channels.
86GF Score

Get the complete analysis for TSE:8113

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

円943.60
Price
円1,333.53
GF Value