Shizuoka Gas Co (TSE:9543) E10: 円98.81 (As of Dec. 2025)

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TSE:9543 Shizuoka Gas Co Ltd TSE:9543
77 GF Score
Price 円1,241.00
GF Value 円1,023.23
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Shizuoka Gas Co E10?

Shizuoka Gas Co TSE:9543 +0.24% 77 E10 is 円98.81 as of Dec. 2025. GuruFocus rates TSE:9543 with a GF Score™ of 77/100 and a GF Value™ of 円1,023.23 (Modestly 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.

Shizuoka Gas Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円10.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円98.81 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Shizuoka Gas Co's average E10 Growth Rate was 3.70% per year. During the past 3 years, the average E10 Growth Rate was 12.50% per year. During the past 5 years, the average E10 Growth Rate was 11.30% 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 Shizuoka Gas Co was 13.70% per year. The lowest was -2.30% per year. And the median was 7.45% per year.

As of today (2026-07-16), Shizuoka Gas Co's current stock price is 円1241.00. Shizuoka Gas Co's E10 for the quarter that ended in Dec. 2025 was 円98.81. Shizuoka Gas Co's Shiller PE Ratio of today is 12.56.

During the past 13 years, the highest Shiller PE Ratio of Shizuoka Gas Co was 20.56. The lowest was 9.87. And the median was 14.15.


Shizuoka Gas Co  (TSE:9543) 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.

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

Shiller PE Ratio=Share Price/E10
=1241.00/98.81
=12.56

* 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 Shizuoka Gas Co was 20.56. The lowest was 9.87. And the median was 14.15.


Be Aware

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


Shizuoka Gas Co E10 Related Terms


Shizuoka Gas Co E10 Historical Data

* Premium members only.

The historical data trend for Shizuoka 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.

Shizuoka Gas Co E10 Chart

Shizuoka Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.76 69.45 84.68 95.25 98.81

Shizuoka Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 95.23 96.52 97.47 98.81 0.00

TSE:9543 vs ATO, NI: E10 Comparison

For the Utilities - Regulated Gas subindustry, Shizuoka 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.


Shizuoka Gas Co Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shizuoka Gas Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9543
77GF Score
Shizuoka Gas Co Ltd TSE:9543
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shizuoka 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, Shizuoka Gas 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)
=10.86/113.0000*113.0000
=10.860

Current CPI (Dec. 2025) = 113.0000.

Shizuoka Gas Co Quarterly Data

per share eps CPI Adj_EPS
201603 63.260 97.900 73.017
201606 40.070 98.100 46.156
201609 -1.410 98.000 -1.626
201612 -10.910 98.400 -12.529
201703 24.880 98.100 28.659
201706 18.660 98.500 21.407
201709 15.490 98.800 17.716
201712 8.400 99.400 9.549
201803 39.040 99.200 44.471
201806 9.630 99.200 10.970
201809 7.690 99.900 8.698
201812 -11.900 99.700 -13.487
201903 31.030 99.700 35.169
201906 35.160 99.800 39.810
201909 10.730 100.100 12.113
201912 -2.450 100.500 -2.755
202003 24.510 100.300 27.613
202006 -13.380 99.900 -15.135
202009 37.090 99.900 41.954
202012 1.750 99.300 1.991
202103 38.740 99.900 43.820
202106 19.620 99.500 22.282
202109 0.300 100.100 0.339
202112 -3.210 100.100 -3.624
202203 28.050 101.100 31.352
202206 52.250 101.800 57.999
202209 -19.550 103.100 -21.427
202212 19.700 104.100 21.384
202303 140.030 104.400 151.565
202306 46.290 105.200 49.722
202309 14.340 106.200 15.258
202312 -10.770 106.800 -11.395
202403 34.600 107.200 36.472
202406 79.230 108.200 82.745
202409 -6.660 108.900 -6.911
202412 9.680 110.700 9.881
202503 38.880 111.100 39.545
202506 50.500 111.700 51.088
202509 33.110 112.000 33.406
202512 10.860 113.000 10.860

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98.81 mean?
Shizuoka Gas Co (TSE:9543) has a E10 of 円98.81 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shizuoka Gas Co and its competitors.
Is Shizuoka Gas Co's E10 too high?
Shizuoka Gas Co's current E10 is 円98.81. Overall, Shizuoka Gas Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shizuoka Gas Co's E10 compare to ATO and NI?
Shizuoka Gas Co's E10 of 円98.81 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Shizuoka Gas Co and its competitors. Shizuoka Gas Co's current E10 is 円98.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shizuoka Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shizuoka Gas Co (TSE:9543) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,023.23, compared to a current price of 円1,241.00 — trading 21.3% above its estimated fair value. The current E10 is 円98.81. Shizuoka Gas Co's overall GF Score™ is 77/100 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 Shizuoka Gas Co (TSE:9543), the current E10 is 円98.81 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 Shizuoka Gas Co (TSE:9543) Overvalued in 2026?

Based on GuruFocus' analysis, Shizuoka Gas Co stock appears to be overvalued. The current stock price of 円1,241.00 is trading 21.3% above its estimated GF Value™ of 円1,023.23. GuruFocus considers Shizuoka Gas Co to be Modestly Overvalued.

Key valuation signals for TSE:9543:

  • E10: 円98.81
  • GF Value™: 円1,023.23 vs. price of 円1,241.00 (21.3% above fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TSE:9543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shizuoka Gas Co Business Description

Other Exchanges 1KS:Germany
Address 1-5-38 Yahata, Suruga-ku, Shizuoka, JPN, 422-8688
Shizuoka Gas Co Ltd is engaged in production, supply and sale of City gas, sale of Gas Appliances, and contract for Gas related construction work.
77GF Score

Get the complete analysis for TSE:9543

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

円1,241.00
Price
円1,023.23
GF Value