ASAX Co (TSE:8772) E10: 円95.38 (As of Dec. 2025)


TSE:8772 ASAX Co Ltd TSE:8772
80 GF Score
Price 円813.00
GF Value 円972.41
Valuation Modestly Undervalued
! 3 Warning Signs
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What is ASAX Co E10?

ASAX Co TSE:8772 +1.25% 80 E10 is 円95.38 as of Dec. 2025. GuruFocus rates TSE:8772 with a GF Score™ of 80/100 and a GF Value™ of 円972.41 (Modestly Undervalued). The stock has 3 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.

ASAX Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円34.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円95.38 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 5.90% 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 ASAX Co was 5.90% per year. The lowest was 3.50% per year. And the median was 5.10% per year.

As of today (2026-06-27), ASAX Co's current stock price is 円813.00. ASAX Co's E10 for the quarter that ended in Dec. 2025 was 円95.38. ASAX Co's Shiller PE Ratio of today is 8.52.

During the past 13 years, the highest Shiller PE Ratio of ASAX Co was 10.52. The lowest was 7.14. And the median was 8.73.


ASAX Co  (TSE:8772) 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.

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

Shiller PE Ratio=Share Price/E10
=813.00/95.38
=8.52

* 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 ASAX Co was 10.52. The lowest was 7.14. And the median was 8.73.


Be Aware

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


ASAX Co E10 Related Terms


ASAX Co E10 Historical Data

* Premium members only.

The historical data trend for ASAX 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.

ASAX Co E10 Chart

ASAX 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 76.63 81.66 86.96 0.00 97.12

ASAX Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 92.09 93.26 95.38 97.12

TSE:8772 vs RKT, FNMA, PFSI: E10 Comparison

For the Mortgage Finance subindustry, ASAX 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.


ASAX Co Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, ASAX Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:8772
80GF Score
ASAX Co Ltd TSE:8772
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASAX 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, ASAX Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=34.35/113.0000*113.0000
=34.350

Current CPI (Dec. 2025) = 113.0000.

ASAX Co Quarterly Data

per share eps CPI Adj_EPS
201512 19.343 98.100 22.281
201603 19.251 97.900 22.220
201606 20.490 98.100 23.602
201609 21.507 98.000 24.799
201612 22.280 98.400 25.586
201703 18.830 98.100 21.690
201706 20.090 98.500 23.047
201709 20.570 98.800 23.526
201712 22.800 99.400 25.920
201803 19.922 99.200 22.693
201806 21.940 99.200 24.992
201809 20.398 99.900 23.073
201812 21.120 99.700 23.937
201903 20.337 99.700 23.050
201906 18.010 99.800 20.392
201909 19.750 100.100 22.295
201912 20.578 100.500 23.137
202003 21.160 100.300 23.839
202006 20.860 99.900 23.595
202009 19.297 99.900 21.827
202012 22.210 99.300 25.274
202103 18.946 99.900 21.430
202106 17.690 99.500 20.090
202109 20.319 100.100 22.938
202112 18.636 100.100 21.038
202203 20.340 101.100 22.734
202206 20.340 101.800 22.578
202209 23.678 103.100 25.952
202212 20.120 104.100 21.840
202303 20.755 104.400 22.465
202306 24.210 105.200 26.005
202309 25.364 106.200 26.988
202312 16.159 106.800 17.097
202403 34.000 107.200 35.840
202406 25.980 108.200 27.133
202409 14.940 108.900 15.502
202503 0.000 111.100 0.000
202506 22.630 111.700 22.893
202509 32.060 112.000 32.346
202512 34.350 113.000 34.350

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95.38 mean?
ASAX Co (TSE:8772) has a E10 of 円95.38 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ASAX Co and its competitors.
Is ASAX Co's E10 too high?
ASAX Co's current E10 is 円95.38. Overall, ASAX Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAX Co's E10 compare to RKT and FNMA?
ASAX Co's E10 of 円95.38 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 ASAX Co and its competitors. ASAX Co's current E10 is 円95.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAX Co stock overvalued right now?
Based on GuruFocus' analysis, ASAX Co (TSE:8772) is currently considered Modestly Undervalued. The stock's GF Value™ is 円972.41, compared to a current price of 円813.00 — trading 16.4% below its estimated fair value. The current E10 is 円95.38. ASAX Co's overall GF Score™ is 80/100 with 3 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 ASAX Co (TSE:8772), the current E10 is 円95.38 as of Dec. 2025. 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 ASAX Co (TSE:8772) Overvalued in 2026?

Based on GuruFocus' analysis, ASAX Co stock appears to be undervalued. The current stock price of 円813.00 is trading 16.4% below its estimated GF Value™ of 円972.41. GuruFocus considers ASAX Co to be Modestly Undervalued.

Key valuation signals for TSE:8772:

  • E10: 円95.38
  • GF Value™: 円972.41 vs. price of 円813.00 (16.4% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the TSE:8772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASAX Co Business Description

Address 1-3-14 Hiroo, ASAX Hiroo Building 9th Floor, Shibuya-ku, Tokyo, JPN, 150-0012
ASAX Co Ltd is a real estate secured loan provider. The company provides Real estate secured loans for businesses, Real estate secured loans for individuals, Property sale bridge loan, Real estate purchase/construction loan, and Real Estate agent loans.
80GF Score

Get the complete analysis for TSE:8772

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

円813.00
Price
円972.41
GF Value