Zero Co (TSE:9028) E10: 円0.00 (As of Dec. 2025)


TSE:9028 Zero Co Ltd TSE:9028
70 GF Score
Price 円3,635.00
GF Value 円1,734.88
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zero Co E10?

Zero Co TSE:9028 -0.55% 70 E10 is 円0.00 as of Dec. 2025. GuruFocus rates TSE:9028 with a GF Score™ of 70/100 and a GF Value™ of 円1,734.88 (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.

Zero Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.00 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Zero Co's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 12.50% 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 Zero Co was 13.00% per year. The lowest was 11.70% per year. And the median was 12.60% per year.

As of today (2026-06-28), Zero Co's current stock price is 円3635.00. Zero Co's E10 for the quarter that ended in Dec. 2025 was 円0.00. Zero Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Zero Co was 18.62. The lowest was 6.47. And the median was 8.74.


Zero Co  (TSE:9028) 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 Zero Co was 18.62. The lowest was 6.47. And the median was 8.74.


Be Aware

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


Zero Co E10 Related Terms


Zero Co E10 Historical Data

* Premium members only.

The historical data trend for Zero 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.

Zero Co E10 Chart

Zero Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.65 146.02 166.68 186.28 209.96

Zero Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.00 203.47 209.96 0.00 0.00

TSE:9028 vs CVNA, PAG, ALTB: E10 Comparison

For the Auto & Truck Dealerships subindustry, Zero 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.


Zero Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zero Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9028
70GF Score
Zero Co Ltd TSE:9028
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zero 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, Zero 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)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Zero Co Quarterly Data

per share eps CPI Adj_EPS
201509 56.260 98.500 64.542
201512 47.930 98.100 55.210
201603 78.880 97.900 91.046
201606 24.130 98.100 27.795
201609 41.330 98.000 47.656
201612 54.400 98.400 62.472
201703 72.320 98.100 83.304
201706 39.270 98.500 45.051
201709 39.690 98.800 45.394
201712 18.840 99.400 21.418
201803 39.790 99.200 45.325
201806 29.830 99.200 33.980
201809 1.380 99.900 1.561
201812 -4.140 99.700 -4.692
201903 56.020 99.700 63.493
201906 46.270 99.800 52.390
201909 48.080 100.100 54.276
201912 32.510 100.500 36.554
202003 55.390 100.300 62.403
202006 5.980 99.900 6.764
202009 65.710 99.900 74.327
202012 40.110 99.300 45.644
202103 67.280 99.900 76.103
202106 42.800 99.500 48.607
202109 23.370 100.100 26.382
202112 25.490 100.100 28.775
202203 64.370 101.100 71.947
202206 37.480 101.800 41.604
202209 47.420 103.100 51.973
202212 37.870 104.100 41.108
202303 61.800 104.400 66.891
202306 55.590 105.200 59.712
202309 42.010 106.200 44.700
202312 45.020 106.800 47.634
202403 88.620 107.200 93.415
202406 70.420 108.200 73.544
202412 0.000 110.700 0.000
202503 114.900 111.100 116.865
202506 101.910 111.700 103.096
202512 0.000 113.000 0.000

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0.00 mean?
Zero Co (TSE:9028) has a E10 of 円0.00 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zero Co and its competitors.
Is Zero Co's E10 too high?
Zero Co's current E10 is 円0.00. Overall, Zero Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zero Co's E10 compare to CVNA and PAG?
Zero Co's E10 of 円0.00 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Zero Co and its competitors. Zero Co's current E10 is 円0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero Co stock overvalued right now?
Based on GuruFocus' analysis, Zero Co (TSE:9028) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,734.88, compared to a current price of 円3,635.00 — trading 109.5% above its estimated fair value. The current E10 is 円0.00. Zero Co's overall GF Score™ is 70/100 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 Zero Co (TSE:9028), the current E10 is 円0.00 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 Zero Co (TSE:9028) Overvalued in 2026?

Based on GuruFocus' analysis, Zero Co stock appears to be overvalued. The current stock price of 円3,635.00 is trading 109.5% above its estimated GF Value™ of 円1,734.88. GuruFocus considers Zero Co to be Significantly Overvalued.

Key valuation signals for TSE:9028:

  • E10: 円0.00
  • GF Value™: 円1,734.88 vs. price of 円3,635.00 (109.5% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the TSE:9028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero Co Business Description

Address Solid Square West Tower 6th floor, 580 Horikawa-cho, Saiwai-ku, Kawasaki, JPN, 212-0013
Zero Co Ltd provides transportation services including new and used vehicle transportation, door-to-door transportation of private cars and motorbikes, new and heavy vehicle maintenance, handling and vehicle inspection at the auto auction.
70GF Score

Get the complete analysis for TSE:9028

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

円3,635.00
Price
円1,734.88
GF Value