TV Tokyo Holdings (TSE:9413) E10: 円194.58 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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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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:9413 TV Tokyo Holdings Corp TSE:9413
76 GF Score
Price 円3,565.00
GF Value 円3,850.40
Valuation Fairly Valued
View Full Analysis

What is TV Tokyo Holdings E10?

TV Tokyo Holdings TSE:9413 -0.70% 76 E10 is 円194.58 as of Mar. 2026. GuruFocus rates TSE:9413 with a GF Score™ of 76/100 and a GF Value™ of 円3,850.40 (Fairly Valued).

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.

TV Tokyo Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-10.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円194.58 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.40% 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 TV Tokyo Holdings was 16.90% per year. The lowest was 7.40% per year. And the median was 12.15% per year.

As of today (2026-07-21), TV Tokyo Holdings's current stock price is 円3565.00. TV Tokyo Holdings's E10 for the quarter that ended in Mar. 2026 was 円194.58. TV Tokyo Holdings's Shiller PE Ratio of today is 18.32.

During the past 13 years, the highest Shiller PE Ratio of TV Tokyo Holdings was 27.11. The lowest was 12.65. And the median was 18.48.


TV Tokyo Holdings  (TSE:9413) 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.

TV Tokyo Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3565.00/194.58
=18.32

* 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 TV Tokyo Holdings was 27.11. The lowest was 12.65. And the median was 18.48.


Be Aware

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


TV Tokyo Holdings E10 Related Terms


TV Tokyo Holdings E10 Historical Data

* Premium members only.

The historical data trend for TV Tokyo 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.

TV Tokyo Holdings E10 Chart

TV Tokyo 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 127.02 157.25 175.12 0.00 194.58

TV Tokyo Holdings 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 0.00 184.44 195.09 203.62 194.58

TSE:9413 vs NXST: E10 Comparison

For the Broadcasting subindustry, TV Tokyo 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.


TV Tokyo Holdings Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's Shiller PE Ratio distribution charts can be found below:

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


TSE:9413
76GF Score
TV Tokyo Holdings Corp TSE:9413
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TV Tokyo 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, TV Tokyo 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)
=-10.07/112.7000*112.7000
=-10.070

Current CPI (Mar. 2026) = 112.7000.

TV Tokyo Holdings Quarterly Data

per share eps CPI Adj_EPS
201603 14.605 97.900 16.813
201606 69.860 98.100 80.257
201609 5.190 98.000 5.969
201612 56.898 98.400 65.167
201703 19.610 98.100 22.529
201706 50.400 98.500 57.666
201709 35.469 98.800 40.459
201712 62.080 99.400 70.386
201803 66.270 99.200 75.289
201806 26.180 99.200 29.743
201809 15.383 99.900 17.354
201812 52.938 99.700 59.841
201903 19.860 99.700 22.450
201906 3.670 99.800 4.144
201909 9.980 100.100 11.236
201912 69.276 100.500 77.686
202003 8.664 100.300 9.735
202006 16.050 99.900 18.106
202009 21.310 99.900 24.040
202012 59.941 99.300 68.030
202103 -6.268 99.900 -7.071
202106 61.740 99.500 69.931
202109 46.440 100.100 52.286
202112 80.810 100.100 90.982
202203 25.875 101.100 28.844
202206 73.300 101.800 81.148
202209 45.846 103.100 50.115
202212 75.794 104.100 82.056
202303 49.120 104.400 53.025
202306 69.110 105.200 74.037
202309 40.642 106.200 43.130
202312 80.160 106.800 84.588
202403 58.503 107.200 61.505
202406 87.990 108.200 91.649
202409 -25.370 108.900 -26.255
202503 0.000 111.100 0.000
202506 33.130 111.700 33.427
202509 153.080 112.000 154.037
202512 113.160 113.000 112.860
202603 -10.070 112.700 -10.070

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194.58 mean?
TV Tokyo Holdings (TSE:9413) has a E10 of 円194.58 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TV Tokyo Holdings and its competitors.
Is TV Tokyo Holdings' E10 too high?
TV Tokyo Holdings' current E10 is 円194.58. Overall, TV Tokyo Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TV Tokyo Holdings' E10 compare to NXST?
TV Tokyo Holdings' E10 of 円194.58 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 TV Tokyo Holdings and its competitors. TV Tokyo Holdings's current E10 is 円194.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TV Tokyo Holdings stock overvalued right now?
Based on GuruFocus' analysis, TV Tokyo Holdings (TSE:9413) is currently considered Fairly Valued. The stock's GF Value™ is 円3,850.40, compared to a current price of 円3,565.00 — trading 7.4% below its estimated fair value. The current E10 is 円194.58. TV Tokyo Holdings' overall GF Score™ is 76/100. 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 TV Tokyo Holdings (TSE:9413), the current E10 is 円194.58 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 TV Tokyo Holdings (TSE:9413) Overvalued in 2026?

Based on GuruFocus' analysis, TV Tokyo Holdings stock appears to be undervalued. The current stock price of 円3,565.00 is trading 7.4% below its estimated GF Value™ of 円3,850.40. GuruFocus considers TV Tokyo Holdings to be Fairly Valued.

Key valuation signals for TSE:9413:

  • E10: 円194.58
  • GF Value™: 円3,850.40 vs. price of 円3,565.00 (7.4% below fair value)
  • GF Score™: 76/100

No single metric tells the full story. See the TSE:9413 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TV Tokyo Holdings Business Description

Address Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007
TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.
76GF Score

Get the complete analysis for TSE:9413

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

円3,565.00
Price
円3,850.40
GF Value