Hiroshima Gas Co (TSE:9535) E10: 円53.59 (As of Mar. 2026)


TSE:9535 Hiroshima Gas Co Ltd TSE:9535
62 GF Score
Price 円420.00
GF Value 円352.04
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Hiroshima Gas Co E10?

Hiroshima Gas Co TSE:9535 62 E10 is 円53.59 as of Mar. 2026. GuruFocus rates TSE:9535 with a GF Score™ of 62/100 and a GF Value™ of 円352.04 (Modestly Overvalued). The stock has 5 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.

Hiroshima Gas Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円23.335. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円53.59 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -0.50% 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 Hiroshima Gas Co was 10.90% per year. The lowest was -0.50% per year. And the median was 6.60% per year.

As of today (2026-07-09), Hiroshima Gas Co's current stock price is 円420.00. Hiroshima Gas Co's E10 for the quarter that ended in Mar. 2026 was 円53.59. Hiroshima Gas Co's Shiller PE Ratio of today is 7.84.

During the past 13 years, the highest Shiller PE Ratio of Hiroshima Gas Co was 11.16. The lowest was 6.28. And the median was 7.49.


Hiroshima Gas Co  (TSE:9535) 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.

Hiroshima Gas Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=420.00/53.59
=7.84

* 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 Hiroshima Gas Co was 11.16. The lowest was 6.28. And the median was 7.49.


Be Aware

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


Hiroshima Gas Co E10 Related Terms


Hiroshima Gas Co E10 Historical Data

* Premium members only.

The historical data trend for Hiroshima Gas 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.

Hiroshima Gas Co E10 Chart

Hiroshima Gas Co 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 48.65 54.46 55.61 0.00 53.59

Hiroshima Gas Co 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 55.05 51.53 52.10 53.59

TSE:9535 vs XOM, CVX: E10 Comparison

For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.


Hiroshima Gas Co Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9535
62GF Score
Hiroshima Gas Co Ltd TSE:9535
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiroshima Gas 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, Hiroshima Gas Co'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)
=23.335/112.7000*112.7000
=23.335

Current CPI (Mar. 2026) = 112.7000.

Hiroshima Gas Co Quarterly Data

per share eps CPI Adj_EPS
201603 19.050 97.900 21.930
201606 60.740 98.100 69.780
201609 0.390 98.000 0.449
201612 -3.050 98.400 -3.493
201703 23.928 98.100 27.489
201706 13.410 98.500 15.343
201709 -6.321 98.800 -7.210
201712 9.017 99.400 10.224
201803 20.690 99.200 23.506
201806 6.320 99.200 7.180
201809 -10.540 99.900 -11.890
201812 1.628 99.700 1.840
201903 31.684 99.700 35.815
201906 15.380 99.800 17.368
201909 -7.180 100.100 -8.084
201912 2.010 100.500 2.254
202003 21.520 100.300 24.180
202006 9.230 99.900 10.413
202009 3.102 99.900 3.499
202012 6.070 99.300 6.889
202103 59.029 99.900 66.592
202106 22.470 99.500 25.451
202109 2.667 100.100 3.003
202112 0.730 100.100 0.822
202203 27.828 101.100 31.021
202206 12.580 101.800 13.927
202209 4.666 103.100 5.100
202212 9.258 104.100 10.023
202303 49.816 104.400 53.776
202306 18.620 105.200 19.947
202309 0.440 106.200 0.467
202312 -1.700 106.800 -1.794
202403 16.670 107.200 17.525
202406 9.900 108.200 10.312
202409 -11.430 108.900 -11.829
202503 0.000 111.100 0.000
202506 8.340 111.700 8.415
202509 -3.600 112.000 -3.623
202512 2.550 113.000 2.543
202603 23.335 112.700 23.335

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53.59 mean?
Hiroshima Gas Co (TSE:9535) has a E10 of 円53.59 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hiroshima Gas Co and its competitors.
Is Hiroshima Gas Co's E10 too high?
Hiroshima Gas Co's current E10 is 円53.59. Overall, Hiroshima Gas Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiroshima Gas Co's E10 compare to XOM and CVX?
Hiroshima Gas Co's E10 of 円53.59 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good E10 depends on the Oil & Gas 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 Hiroshima Gas Co and its competitors. Hiroshima Gas Co's current E10 is 円53.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroshima Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hiroshima Gas Co (TSE:9535) is currently considered Modestly Overvalued. The stock's GF Value™ is 円352.04, compared to a current price of 円420.00 — trading 19.3% above its estimated fair value. The current E10 is 円53.59. Hiroshima Gas Co's overall GF Score™ is 62/100 with 5 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 Hiroshima Gas Co (TSE:9535), the current E10 is 円53.59 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 Hiroshima Gas Co (TSE:9535) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroshima Gas Co stock appears to be overvalued. The current stock price of 円420.00 is trading 19.3% above its estimated GF Value™ of 円352.04. GuruFocus considers Hiroshima Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9535:

  • E10: 円53.59
  • GF Value™: 円352.04 vs. price of 円420.00 (19.3% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the TSE:9535 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroshima Gas Co Business Description

Industry EnergyOil & Gas
Address 2-7-1 Minamimachi, Minami Ward, Hiroshima, JPN, 734-8555
Hiroshima Gas Co Ltd is a provider of gas in the Chugoku region of Japan. It engages in supply of gas business, sale of gas appliances, sales of liquefied natural gas, and electricity business. Its business segments include Gas business which includes production, supply and sale of city gas, wholesale supply of gas to other gas companies; LPG business includes sale of LPG, refilling of LPG tanks, sale of LPG devices and installation of LPG pipes, and Other activities include construction, engineering, installation of machinery, and information distribution.
62GF Score

Get the complete analysis for TSE:9535

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

円420.00
Price
円352.04
GF Value