Glome Holdings (TSE:8938) E10: 円-19.06 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:8938 Glome Holdings Inc TSE:8938
55 GF Score
Price 円331.00
GF Value 円834.54
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Glome Holdings E10?

Glome Holdings TSE:8938 -0.90% 55 E10 is 円-19.06 as of Mar. 2026. GuruFocus rates TSE:8938 with a GF Score™ of 55/100 and a GF Value™ of 円834.54 (Possible Value Trap). 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.

Glome Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-6.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-19.06 for the trailing ten years ended in Mar. 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 Glome Holdings was 24.60% per year. The lowest was -34.30% per year. And the median was -10.55% per year.

As of today (2026-08-29), Glome Holdings's current stock price is 円331.00. Glome Holdings's E10 for the quarter that ended in Mar. 2026 was 円-19.06. Glome Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Glome Holdings was 294.74. The lowest was 12.86. And the median was 88.34.


Glome Holdings  (TSE:8938) 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.

During the past 13 years, the highest Shiller P/E Ratio of Glome Holdings was 294.74. The lowest was 12.86. And the median was 88.34.


Be Aware

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


Glome Holdings E10 Related Terms


Glome Holdings E10 Historical Data

* Premium members only.

The historical data trend for Glome 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.

Glome Holdings E10 Chart

Glome 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 12.62 13.73 5.54 0.00 -19.06

Glome Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -6.93 -7.93 -25.47 -19.06 0.00

TSE:8938 vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Glome 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.


Glome Holdings Shiller PE Ratio vs Real Estate Industry

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

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


TSE:8938
55GF Score
Glome Holdings Inc TSE:8938
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glome 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, Glome 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)
=-6.23/112.7000*112.7000
=-6.230

Current CPI (Mar. 2026) = 112.7000.

Glome Holdings Quarterly Data

per share eps CPI Adj_EPS
201603 139.609 97.900 160.714
201606 -123.100 98.100 -141.421
201609 -3.121 98.000 -3.589
201612 101.107 98.400 115.800
201703 -26.110 98.100 -29.996
201706 38.070 98.500 43.558
201709 4.940 98.800 5.635
201712 -16.183 99.400 -18.348
201803 20.475 99.200 23.261
201806 23.540 99.200 26.744
201809 35.690 99.900 40.263
201812 165.828 99.700 187.451
201903 -44.700 99.700 -50.528
201906 37.480 99.800 42.325
201909 -11.511 100.100 -12.960
201912 -7.554 100.500 -8.471
202003 -419.140 100.300 -470.958
202006 -25.410 99.900 -28.666
202009 -25.250 99.900 -28.485
202012 -66.080 99.300 -74.997
202103 46.075 99.900 51.979
202106 4.450 99.500 5.040
202109 7.740 100.100 8.714
202112 16.500 100.100 18.577
202203 -5.610 101.100 -6.254
202206 5.890 101.800 6.521
202209 21.656 103.100 23.672
202212 6.910 104.100 7.481
202303 3.970 104.400 4.286
202306 -2.160 105.200 -2.314
202309 -8.839 106.200 -9.380
202312 -4.309 106.800 -4.547
202403 -6.660 107.200 -7.002
202406 9.500 108.200 9.895
202409 -9.570 108.900 -9.904
202503 0.000 111.100 0.000
202506 -47.400 111.700 -47.824
202509 -2.320 112.000 -2.335
202512 -3.600 113.000 -3.590
202603 -6.230 112.700 -6.230

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-19.06 mean?
Glome Holdings (TSE:8938) has a E10 of 円-19.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Glome Holdings and its competitors.
Is Glome Holdings' E10 too high?
Glome Holdings' current E10 is 円-19.06. Overall, Glome Holdings has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Glome Holdings' E10 compare to CBRE and BEKE?
Glome Holdings' E10 of 円-19.06 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 Glome Holdings and its competitors. Glome Holdings's current E10 is 円-19.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glome Holdings stock overvalued right now?
Based on GuruFocus' analysis, Glome Holdings (TSE:8938) is currently considered Possible Value Trap. The stock's GF Value™ is 円834.54, compared to a current price of 円331.00 — trading 60.3% below its estimated fair value. The current E10 is 円-19.06. Glome Holdings' overall GF Score™ is 55/100 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 Glome Holdings (TSE:8938), the current E10 is 円-19.06 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 Glome Holdings (TSE:8938) Overvalued in 2026?

Based on GuruFocus' analysis, Glome Holdings stock appears to be undervalued. The current stock price of 円331.00 is trading 60.3% below its estimated GF Value™ of 円834.54. GuruFocus considers Glome Holdings to be Possible Value Trap.

Key valuation signals for TSE:8938:

  • E10: 円-19.06
  • GF Value™: 円834.54 vs. price of 円331.00 (60.3% below fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the TSE:8938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Glome Holdings Business Description

Address 12-32 Ark Mori Building, 22nd and 24th floors, Minato-ku, Akasaka, Tokyo, JPN, 207-0021
Glome Holdings Inc is engaged providing real estate services which include management of subsidiaries. The company's segments include: Medical-related Business provides the various services mentioned above to alliance medical institutions; and Real estate-related business is engaged in real estate rental operations. It derives maximum revenue from Medical-related Business segment.
55GF Score

Get the complete analysis for TSE:8938

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

円331.00
Price
円834.54
GF Value