Land Co (TSE:8918) E10: 円0.32 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8918 Land Co Ltd TSE:8918
69 GF Score
Price 円10.00
GF Value 円5.75
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Land Co E10?

Land Co TSE:8918 69 E10 is 円0.32 as of Feb. 2026. GuruFocus rates TSE:8918 with a GF Score™ of 69/100 and a GF Value™ of 円5.75 (Significantly Overvalued). The stock has 6 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.

Land Co's adjusted earnings per share data for the three months ended in Feb. 2026 was 円0.357. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.32 for the trailing ten years ended in Feb. 2026.

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 Land Co was 79.30% per year. The lowest was 57.60% per year. And the median was 68.45% per year.

As of today (2026-09-15), Land Co's current stock price is 円10.00. Land Co's E10 for the quarter that ended in Feb. 2026 was 円0.32. Land Co's Shiller PE Ratio of today is 31.25.

During the past 13 years, the highest Shiller PE Ratio of Land Co was 1200.00. The lowest was 3.24. And the median was 90.00.


Land Co  (TSE:8918) 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.

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

Shiller PE Ratio=Share Price/E10
=10.00/0.32
=31.25

* 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 Land Co was 1200.00. The lowest was 3.24. And the median was 90.00.


Be Aware

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


Land Co E10 Related Terms


Land Co E10 Historical Data

* Premium members only.

The historical data trend for Land 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.

Land Co E10 Chart

Land Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.33 -0.47 0.01 0.05 0.38

Land Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -0.01 0.02 0.04 0.32 0.34

Land Co E10 Competitor Comparison

For the Real Estate - Diversified subindustry, Land 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.


Land Co Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Land Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:8918
69GF Score
Land Co Ltd TSE:8918
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Land 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, Land Co's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.3573/112.2000*112.2000
=0.357

Current CPI (Feb. 2026) = 112.2000.

Land Co Quarterly Data

per share eps CPI Adj_EPS
201602 -2.160 97.800 -2.478
201605 0.050 98.200 0.057
201608 -0.100 97.900 -0.115
201611 -0.210 98.600 -0.239
201702 1.090 98.100 1.247
201705 0.550 98.600 0.626
201708 -0.110 98.500 -0.125
201711 -0.050 99.100 -0.057
201802 0.430 99.500 0.485
201805 0.300 99.300 0.339
201808 -0.079 99.800 -0.088
201811 0.028 100.000 0.031
201902 -0.165 99.700 -0.185
201905 -0.095 100.000 -0.106
201908 0.633 100.000 0.710
201911 0.074 100.500 0.083
202002 -0.055 100.300 -0.061
202005 -0.065 100.100 -0.073
202008 -0.068 100.100 -0.076
202011 -0.074 99.500 -0.084
202102 -1.729 99.800 -1.944
202105 1.383 99.400 1.562
202108 -0.069 99.700 -0.078
202111 -0.075 100.100 -0.085
202202 -0.101 100.700 -0.113
202205 0.156 101.800 0.171
202208 -0.073 102.700 -0.080
202211 0.539 103.900 0.582
202302 -0.216 104.000 -0.233
202305 -0.041 105.100 -0.044
202308 0.003 105.900 0.003
202311 -0.051 106.900 -0.054
202402 0.253 106.900 0.265
202405 -0.112 108.100 -0.116
202408 0.530 109.100 0.545
202502 0.082 110.800 0.083
202505 -0.092 111.800 -0.092
202508 0.002 112.100 0.002
202511 0.020 113.200 0.019
202602 0.357 112.200 0.357

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0.32 mean?
Land Co (TSE:8918) has a E10 of 円0.32 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Land Co and its competitors.
Is Land Co's E10 too high?
Land Co's current E10 is 円0.32. Overall, Land Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Land Co's E10 compare to competitors?
Land Co's E10 of 円0.32 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Land Co and its competitors. Land Co's current E10 is 円0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Co stock overvalued right now?
Based on GuruFocus' analysis, Land Co (TSE:8918) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5.75, compared to a current price of 円10.00 — trading 73.9% above its estimated fair value. The current E10 is 円0.32. Land Co's overall GF Score™ is 69/100 with 6 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 Land Co (TSE:8918), the current E10 is 円0.32 as of Feb. 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 Land Co (TSE:8918) Overvalued in 2026?

Based on GuruFocus' analysis, Land Co stock appears to be overvalued. The current stock price of 円10.00 is trading 73.9% above its estimated GF Value™ of 円5.75. GuruFocus considers Land Co to be Significantly Overvalued.

Key valuation signals for TSE:8918:

  • E10: 円0.32
  • GF Value™: 円5.75 vs. price of 円10.00 (73.9% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the TSE:8918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Land Co Business Description

Address 2-8-29 Kitasaiwai, Nishi-ku, Kitasaiwai chome, Yokohama, JPN, 220-0004
Land Co Ltd operates in the real estate industry. The company develops and sells residential real estate and manages and leases properties.
69GF Score

Get the complete analysis for TSE:8918

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

円10.00
Price
円5.75
GF Value