Ichiyoshi Securities Co (TSE:8624) E10: 円59.50 (As of Mar. 2026)

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TSE:8624 Ichiyoshi Securities Co Ltd TSE:8624
81 GF Score
Price 円1,630.00
GF Value 円1,181.02
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ichiyoshi Securities Co E10?

Ichiyoshi Securities Co TSE:8624 +8.88% 81 E10 is 円59.50 as of Mar. 2026. GuruFocus rates TSE:8624 with a GF Score™ of 81/100 and a GF Value™ of 円1,181.02 (Significantly Overvalued). 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.

Ichiyoshi Securities Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円58.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円59.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ichiyoshi Securities Co's average E10 Growth Rate was 14.90% per year. During the past 3 years, the average E10 Growth Rate was -4.20% per year. During the past 5 years, the average E10 Growth Rate was -4.20% 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 Ichiyoshi Securities Co was 12.90% per year. The lowest was -10.30% per year. And the median was 0.85% per year.

As of today (2026-07-15), Ichiyoshi Securities Co's current stock price is 円1630.00. Ichiyoshi Securities Co's E10 for the quarter that ended in Mar. 2026 was 円59.50. Ichiyoshi Securities Co's Shiller PE Ratio of today is 27.39.

During the past 13 years, the highest Shiller PE Ratio of Ichiyoshi Securities Co was 35.19. The lowest was 6.79. And the median was 12.76.


Ichiyoshi Securities Co  (TSE:8624) 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.

Ichiyoshi Securities Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1630.00/59.50
=27.39

* 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 Ichiyoshi Securities Co was 35.19. The lowest was 6.79. And the median was 12.76.


Be Aware

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


Ichiyoshi Securities Co E10 Related Terms


Ichiyoshi Securities Co E10 Historical Data

* Premium members only.

The historical data trend for Ichiyoshi Securities 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.

Ichiyoshi Securities Co E10 Chart

Ichiyoshi Securities Co 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 71.70 67.57 53.83 51.80 59.50

Ichiyoshi Securities Co 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 51.80 50.69 52.40 54.77 59.50

TSE:8624 vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, Ichiyoshi Securities 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.


Ichiyoshi Securities Co Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ichiyoshi Securities Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:8624
81GF Score
Ichiyoshi Securities Co Ltd TSE:8624
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichiyoshi Securities 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, Ichiyoshi Securities Co'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)
=58.21/112.7000*112.7000
=58.210

Current CPI (Mar. 2026) = 112.7000.

Ichiyoshi Securities Co Quarterly Data

per share eps CPI Adj_EPS
201606 12.770 98.100 14.671
201609 10.800 98.000 12.420
201612 10.160 98.400 11.637
201703 17.100 98.100 19.645
201706 18.410 98.500 21.064
201709 29.250 98.800 33.365
201712 36.990 99.400 41.939
201803 32.080 99.200 36.446
201806 14.960 99.200 16.996
201809 15.790 99.900 17.813
201812 12.410 99.700 14.028
201903 -3.980 99.700 -4.499
201906 -4.660 99.800 -5.262
201909 -6.901 100.100 -7.770
201912 -5.134 100.500 -5.757
202003 -1.030 100.300 -1.157
202006 -11.150 99.900 -12.579
202009 1.630 99.900 1.839
202012 12.584 99.300 14.282
202103 24.651 99.900 27.809
202106 21.690 99.500 24.567
202109 19.760 100.100 22.247
202112 21.580 100.100 24.296
202203 6.690 101.100 7.458
202206 7.370 101.800 8.159
202209 6.930 103.100 7.575
202212 5.050 104.100 5.467
202303 2.530 104.400 2.731
202306 14.150 105.200 15.159
202309 11.110 106.200 11.790
202312 7.640 106.800 8.062
202403 24.050 107.200 25.284
202406 17.370 108.200 18.092
202409 13.280 108.900 13.743
202412 10.680 110.700 10.873
202503 5.560 111.100 5.640
202506 7.090 111.700 7.153
202509 33.160 112.000 33.367
202512 38.340 113.000 38.238
202603 58.210 112.700 58.210

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59.50 mean?
Ichiyoshi Securities Co (TSE:8624) has a E10 of 円59.50 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ichiyoshi Securities Co and its competitors.
Is Ichiyoshi Securities Co's E10 too high?
Ichiyoshi Securities Co's current E10 is 円59.50. Overall, Ichiyoshi Securities Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichiyoshi Securities Co's E10 compare to BLK and BX?
Ichiyoshi Securities Co's E10 of 円59.50 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 Ichiyoshi Securities Co and its competitors. Ichiyoshi Securities Co's current E10 is 円59.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichiyoshi Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Ichiyoshi Securities Co (TSE:8624) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,181.02, compared to a current price of 円1,630.00 — trading 38% above its estimated fair value. The current E10 is 円59.50. Ichiyoshi Securities Co's overall GF Score™ is 81/100 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 Ichiyoshi Securities Co (TSE:8624), the current E10 is 円59.50 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 Ichiyoshi Securities Co (TSE:8624) Overvalued in 2026?

Based on GuruFocus' analysis, Ichiyoshi Securities Co stock appears to be overvalued. The current stock price of 円1,630.00 is trading 38% above its estimated GF Value™ of 円1,181.02. GuruFocus considers Ichiyoshi Securities Co to be Significantly Overvalued.

Key valuation signals for TSE:8624:

  • E10: 円59.50
  • GF Value™: 円1,181.02 vs. price of 円1,630.00 (38% above fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the TSE:8624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichiyoshi Securities Co Business Description

Other Exchanges 8KF:Germany
Address 2-14-1 Hatchobori, Chuo-ku, Tokyo, JPN
Ichiyoshi Securities Co Ltd is a Japan-based securities company engaged in the provision of investment and other financial services. Principally, it is involved in the purchase, underwriting, offerings, and agency brokerage of securities, as well as the private offering of securities. Additionally, it is also into leasing, brokerage, and management of real estate and many more.
81GF Score

Get the complete analysis for TSE:8624

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

円1,630.00
Price
円1,181.02
GF Value