SBI Holdings (TSE:8473) E10: 円238.67 (As of Mar. 2026)


TSE:8473 SBI Holdings Inc TSE:8473
80 GF Score
Price 円2,662.50
GF Value 円2,547.35
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is SBI Holdings E10?

SBI Holdings TSE:8473 +0.89% 80 E10 is 円238.67 as of Mar. 2026. GuruFocus rates TSE:8473 with a GF Score™ of 80/100 and a GF Value™ of 円2,547.35 (Fairly Valued). The stock has 7 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.

SBI Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was 円112.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円238.67 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SBI Holdings's average E10 Growth Rate was 31.20% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 21.40% 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 SBI Holdings was 35.40% per year. The lowest was 9.40% per year. And the median was 30.10% per year.

As of today (2026-07-01), SBI Holdings's current stock price is 円2662.50. SBI Holdings's E10 for the quarter that ended in Mar. 2026 was 円238.67. SBI Holdings's Shiller PE Ratio of today is 11.16.

During the past 13 years, the highest Shiller PE Ratio of SBI Holdings was 29.54. The lowest was 8.65. And the median was 13.23.


SBI Holdings  (TSE:8473) 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.

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

Shiller PE Ratio=Share Price/E10
=2662.50/238.67
=11.16

* 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 SBI Holdings was 29.54. The lowest was 8.65. And the median was 13.23.


Be Aware

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


SBI Holdings E10 Related Terms


SBI Holdings E10 Historical Data

* Premium members only.

The historical data trend for SBI Holdings'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.

SBI Holdings E10 Chart

SBI Holdings 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 138.95 148.41 161.31 181.97 238.67

SBI Holdings 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 181.97 193.22 204.95 231.46 238.67

TSE:8473 vs VOYA, FRHC: E10 Comparison

For the Financial Conglomerates subindustry, SBI Holdings'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.


SBI Holdings Shiller PE Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Shiller PE Ratio distribution charts can be found below:

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


TSE:8473
80GF Score
SBI Holdings Inc TSE:8473
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBI Holdings 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, SBI Holdings'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)
=112.9/112.7000*112.7000
=112.900

Current CPI (Mar. 2026) = 112.7000.

SBI Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 17.145 98.100 19.697
201609 14.635 98.000 16.830
201612 24.910 98.400 28.530
201703 16.650 98.100 19.128
201706 26.890 98.500 30.767
201709 18.640 98.800 21.262
201712 32.290 99.400 36.610
201803 20.020 99.200 22.744
201806 35.375 99.200 40.189
201809 30.835 99.900 34.786
201812 9.910 99.700 11.202
201903 27.140 99.700 30.679
201906 22.915 99.800 25.877
201909 31.740 100.100 35.735
201912 18.840 100.500 21.127
202003 -0.090 100.300 -0.101
202006 31.880 99.900 35.965
202009 30.890 99.900 34.848
202012 49.100 99.300 55.726
202103 35.885 99.900 40.483
202106 51.005 99.500 57.771
202109 84.105 100.100 94.692
202112 501.285 100.100 564.384
202203 6.075 101.100 6.772
202206 -4.935 101.800 -5.463
202209 17.170 103.100 18.769
202212 0.645 104.100 0.698
202303 44.385 104.400 47.914
202306 39.225 105.200 42.021
202309 20.615 106.200 21.877
202312 37.485 106.800 39.556
202403 45.515 107.200 47.850
202406 35.190 108.200 36.654
202409 37.100 108.900 38.395
202412 88.825 110.700 90.430
202503 95.220 111.100 96.591
202506 130.480 111.700 131.648
202509 116.530 112.000 117.258
202512 264.630 113.000 263.927
202603 112.900 112.700 112.900

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238.67 mean?
SBI Holdings (TSE:8473) has a E10 of 円238.67 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SBI Holdings and its competitors.
Is SBI Holdings' E10 too high?
SBI Holdings' current E10 is 円238.67. Overall, SBI Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' E10 compare to VOYA and FRHC?
SBI Holdings' E10 of 円238.67 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good E10 depends on the Diversified Financial Services 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 SBI Holdings and its competitors. SBI Holdings's current E10 is 円238.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (TSE:8473) is currently considered Fairly Valued. The stock's GF Value™ is 円2,547.35, compared to a current price of 円2,662.50 — trading 4.5% above its estimated fair value. The current E10 is 円238.67. SBI Holdings' overall GF Score™ is 80/100 with 7 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 SBI Holdings (TSE:8473), the current E10 is 円238.67 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 SBI Holdings (TSE:8473) Overvalued in 2026?

Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued. The current stock price of 円2,662.50 is trading 4.5% above its estimated GF Value™ of 円2,547.35. GuruFocus considers SBI Holdings to be Fairly Valued.

Key valuation signals for TSE:8473:

  • E10: 円238.67
  • GF Value™: 円2,547.35 vs. price of 円2,662.50 (4.5% above fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the TSE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBI Holdings Business Description

Other Exchanges SBHGF:USAZOF:Germany
Address 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6019
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
80GF Score

Get the complete analysis for TSE:8473

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

円2,662.50
Price
円2,547.35
GF Value