AIT (TSE:9381) E10: 円99.41 (As of Feb. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:9381 AIT Corp TSE:9381
78 GF Score
Price 円2,318.00
GF Value 円1,878.82
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is AIT E10?

AIT TSE:9381 +0.04% 78 E10 is 円99.41 as of Feb. 2026. GuruFocus rates TSE:9381 with a GF Score™ of 78/100 and a GF Value™ of 円1,878.82 (Modestly Overvalued). The stock has 4 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.

AIT's adjusted earnings per share data for the three months ended in Feb. 2026 was 円27.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円99.41 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was 10.20% 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 AIT was 15.90% per year. The lowest was 9.30% per year. And the median was 12.20% per year.

As of today (2026-09-04), AIT's current stock price is 円2318.00. AIT's E10 for the quarter that ended in Feb. 2026 was 円99.41. AIT's Shiller PE Ratio of today is 23.32.

During the past 13 years, the highest Shiller PE Ratio of AIT was 29.97. The lowest was 10.99. And the median was 20.90.


AIT  (TSE:9381) 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.

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

Shiller PE Ratio=Share Price/E10
=2318.00/99.41
=23.32

* 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 AIT was 29.97. The lowest was 10.99. And the median was 20.90.


Be Aware

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


AIT E10 Related Terms


AIT E10 Historical Data

* Premium members only.

The historical data trend for AIT'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.

AIT E10 Chart

AIT 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 60.87 74.20 83.76 0.00 99.41

AIT 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 94.15 96.49 99.93 99.41 0.00

TSE:9381 vs UPS, FDX, EXPD: E10 Comparison

For the Integrated Freight & Logistics subindustry, AIT'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.


AIT Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, AIT's Shiller PE Ratio distribution charts can be found below:

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


TSE:9381
78GF Score
AIT Corp TSE:9381
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AIT 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, AIT'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)
=27.87/112.2000*112.2000
=27.870

Current CPI (Feb. 2026) = 112.2000.

AIT Quarterly Data

per share eps CPI Adj_EPS
201602 10.870 97.800 12.470
201605 11.580 98.200 13.231
201608 12.976 97.900 14.871
201611 16.078 98.600 18.296
201702 10.710 98.100 12.249
201705 14.800 98.600 16.841
201708 12.200 98.500 13.897
201711 16.557 99.100 18.746
201802 14.000 99.500 15.787
201805 10.180 99.300 11.502
201808 17.420 99.800 19.584
201811 21.760 100.000 24.415
201902 11.725 99.700 13.195
201905 10.540 100.000 11.826
201908 16.370 100.000 18.367
201911 24.280 100.500 27.107
202002 4.274 100.300 4.781
202005 14.610 100.100 16.376
202008 15.620 100.100 17.508
202011 24.170 99.500 27.255
202102 19.000 99.800 21.361
202105 22.010 99.400 24.844
202108 19.452 99.700 21.891
202111 43.373 100.100 48.616
202202 15.880 100.700 17.694
202205 34.490 101.800 38.014
202208 45.246 102.700 49.431
202211 59.250 103.900 63.983
202302 17.835 104.000 19.241
202305 32.620 105.100 34.824
202308 33.150 105.900 35.122
202311 39.628 106.900 41.593
202402 21.810 106.900 22.891
202405 32.420 108.100 33.650
202408 31.880 109.100 32.786
202502 0.000 110.800 0.000
202505 37.070 111.800 37.203
202508 32.270 112.100 32.299
202511 37.970 113.200 37.635
202602 27.870 112.200 27.870

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99.41 mean?
AIT (TSE:9381) has a E10 of 円99.41 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AIT and its competitors.
Is AIT's E10 too high?
AIT's current E10 is 円99.41. Overall, AIT has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AIT's E10 compare to UPS and FDX?
AIT's E10 of 円99.41 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 AIT and its competitors. AIT's current E10 is 円99.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIT stock overvalued right now?
Based on GuruFocus' analysis, AIT (TSE:9381) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,878.82, compared to a current price of 円2,318.00 — trading 23.4% above its estimated fair value. The current E10 is 円99.41. AIT's overall GF Score™ is 78/100 with 4 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 AIT (TSE:9381), the current E10 is 円99.41 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 AIT (TSE:9381) Overvalued in 2026?

Based on GuruFocus' analysis, AIT stock appears to be overvalued. The current stock price of 円2,318.00 is trading 23.4% above its estimated GF Value™ of 円1,878.82. GuruFocus considers AIT to be Modestly Overvalued.

Key valuation signals for TSE:9381:

  • E10: 円99.41
  • GF Value™: 円1,878.82 vs. price of 円2,318.00 (23.4% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the TSE:9381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AIT Business Description

Address 2-1-6 Honmachi, 15 Floor, Sakaisuji-Honmachi-Center Building, Chuo-ku, Osaka, JPN, 541-0053
AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.
78GF Score

Get the complete analysis for TSE:9381

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

円2,318.00
Price
円1,878.82
GF Value