M H Group (TSE:9439) E10: 円-3.08 (As of Mar. 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:9439 M H Group Ltd TSE:9439
57 GF Score
Price 円229.00
GF Value 円204.23
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is M H Group E10?

M H Group TSE:9439 -0.87% 57 E10 is 円-3.08 as of Mar. 2026. GuruFocus rates TSE:9439 with a GF Score™ of 57/100 and a GF Value™ of 円204.23 (Modestly Overvalued). The stock has 3 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.

M H Group's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-2.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-3.08 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 M H Group was -89.00% per year. The lowest was -89.00% per year. And the median was -89.00% per year.

As of today (2026-08-31), M H Group's current stock price is 円229.00. M H Group's E10 for the quarter that ended in Mar. 2026 was 円-3.08. M H Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of M H Group was 10500.00. The lowest was 70.94. And the median was 138.46.


M H Group  (TSE:9439) 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 M H Group was 10500.00. The lowest was 70.94. And the median was 138.46.


Be Aware

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


M H Group E10 Related Terms


M H Group E10 Historical Data

* Premium members only.

The historical data trend for M H Group'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.

M H Group E10 Chart

M H Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.32 -0.85 -1.57 -2.16 0.00

M H Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 -2.16 -2.45 -2.57 -3.08 0.00

TSE:9439 vs ROL, SCI, HRB: E10 Comparison

For the Personal Services subindustry, M H Group'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.


M H Group Shiller PE Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, M H Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where M H Group's Shiller PE Ratio falls into.


TSE:9439
57GF Score
M H Group Ltd TSE:9439
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M H Group 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, M H Group'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)
=-2.32/112.7000*112.7000
=-2.320

Current CPI (Mar. 2026) = 112.7000.

M H Group Quarterly Data

per share eps CPI Adj_EPS
201603 -2.660 97.900 -3.062
201606 -1.310 98.100 -1.505
201609 -0.480 98.000 -0.552
201612 -1.690 98.400 -1.936
201703 -3.247 98.100 -3.730
201706 -5.840 98.500 -6.682
201709 -0.870 98.800 -0.992
201712 1.910 99.400 2.166
201803 0.243 99.200 0.276
201806 0.990 99.200 1.125
201809 1.000 99.900 1.128
201812 2.160 99.700 2.442
201903 -0.113 99.700 -0.128
201906 0.410 99.800 0.463
201909 0.520 100.100 0.585
201912 1.349 100.500 1.513
202003 -2.805 100.300 -3.152
202006 -9.180 99.900 -10.356
202009 0.510 99.900 0.575
202012 0.004 99.300 0.005
202103 -1.780 99.900 -2.008
202106 -5.690 99.500 -6.445
202109 -0.910 100.100 -1.025
202112 2.530 100.100 2.848
202203 -0.690 101.100 -0.769
202206 0.537 101.800 0.594
202209 0.960 103.100 1.049
202212 2.000 104.100 2.165
202303 -0.036 104.400 -0.039
202306 -0.840 105.200 -0.900
202309 -0.390 106.200 -0.414
202312 1.940 106.800 2.047
202403 0.168 107.200 0.177
202406 -0.620 108.200 -0.646
202412 0.000 110.700 0.000
202503 -0.897 111.100 -0.910
202506 -1.523 111.700 -1.537
202509 -1.290 112.000 -1.298
202512 1.180 113.000 1.177
202603 -2.320 112.700 -2.320

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-3.08 mean?
M H Group (TSE:9439) has a E10 of 円-3.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on M H Group and its competitors.
Is M H Group's E10 too high?
M H Group's current E10 is 円-3.08. Overall, M H Group has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M H Group's E10 compare to ROL and SCI?
M H Group's E10 of 円-3.08 can be compared against companies in the Personal Services 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 Personal Services company?
A good E10 depends on the Personal Services 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 M H Group and its competitors. M H Group's current E10 is 円-3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M H Group stock overvalued right now?
Based on GuruFocus' analysis, M H Group (TSE:9439) is currently considered Modestly Overvalued. The stock's GF Value™ is 円204.23, compared to a current price of 円229.00 — trading 12.1% above its estimated fair value. The current E10 is 円-3.08. M H Group's overall GF Score™ is 57/100 with 3 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 M H Group (TSE:9439), the current E10 is 円-3.08 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 M H Group (TSE:9439) Overvalued in 2026?

Based on GuruFocus' analysis, M H Group stock appears to be overvalued. The current stock price of 円229.00 is trading 12.1% above its estimated GF Value™ of 円204.23. GuruFocus considers M H Group to be Modestly Overvalued.

Key valuation signals for TSE:9439:

  • E10: 円-3.08
  • GF Value™: 円204.23 vs. price of 円229.00 (12.1% above fair value)
  • GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the TSE:9439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


M H Group Business Description

Address 1-11-1 Sendagaya, Shibuya-ku, Tokyo, JPN, 151-0051
M H Group Ltd is engaged in the management of hair salons, management work, and hair and makeup business.
57GF Score

Get the complete analysis for TSE:9439

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

円229.00
Price
円204.23
GF Value