Tokyotokeiba Co (TSE:9672) E10: 円271.63 (As of Dec. 2025)

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TSE:9672 Tokyotokeiba Co Ltd TSE:9672
88 GF Score
Price 円4,850.00
GF Value 円4,879.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Tokyotokeiba Co E10?

Tokyotokeiba Co TSE:9672 -1.32% 88 E10 is 円271.63 as of Dec. 2025. GuruFocus rates TSE:9672 with a GF Score™ of 88/100 and a GF Value™ of 円4,879.81 (Fairly Valued). 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.

Tokyotokeiba Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円97.970. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円271.63 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tokyotokeiba Co's average E10 Growth Rate was 14.40% per year. During the past 3 years, the average E10 Growth Rate was 16.60% per year. During the past 5 years, the average E10 Growth Rate was 20.30% 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 Tokyotokeiba Co was 23.30% per year. The lowest was 16.60% per year. And the median was 20.00% per year.

As of today (2026-07-18), Tokyotokeiba Co's current stock price is 円4850.00. Tokyotokeiba Co's E10 for the quarter that ended in Dec. 2025 was 円271.63. Tokyotokeiba Co's Shiller PE Ratio of today is 17.86.

During the past 13 years, the highest Shiller PE Ratio of Tokyotokeiba Co was 63.64. The lowest was 16.89. And the median was 26.93.


Tokyotokeiba Co  (TSE:9672) 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.

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

Shiller PE Ratio=Share Price/E10
=4850.00/271.63
=17.86

* 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 Tokyotokeiba Co was 63.64. The lowest was 16.89. And the median was 26.93.


Be Aware

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


Tokyotokeiba Co E10 Related Terms


Tokyotokeiba Co E10 Historical Data

* Premium members only.

The historical data trend for Tokyotokeiba 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.

Tokyotokeiba Co E10 Chart

Tokyotokeiba 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 137.32 171.50 200.72 237.47 271.63

Tokyotokeiba 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 245.43 253.23 260.26 271.63 0.00

TSE:9672 vs FLUT, DKNG, SGHC: E10 Comparison

For the Gambling subindustry, Tokyotokeiba 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.


Tokyotokeiba Co Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tokyotokeiba Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9672
88GF Score
Tokyotokeiba Co Ltd TSE:9672
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyotokeiba 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, Tokyotokeiba 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)
=97.97/113.0000*113.0000
=97.970

Current CPI (Dec. 2025) = 113.0000.

Tokyotokeiba Co Quarterly Data

per share eps CPI Adj_EPS
201603 15.800 97.900 18.237
201606 25.250 98.100 29.085
201609 49.098 98.000 56.613
201612 17.920 98.400 20.579
201703 16.220 98.100 18.684
201706 35.537 98.500 40.768
201709 62.025 98.800 70.940
201712 28.125 99.400 31.973
201803 26.170 99.200 29.811
201806 41.960 99.200 47.797
201809 67.694 99.900 76.571
201812 22.300 99.700 25.275
201903 27.190 99.700 30.817
201906 42.320 99.800 47.917
201909 74.943 100.100 84.601
201912 37.650 100.500 42.333
202003 32.530 100.300 36.649
202006 77.620 99.900 87.798
202009 83.914 99.900 94.918
202012 -12.835 99.300 -14.606
202103 71.510 99.900 80.887
202106 84.309 99.500 95.748
202109 87.292 100.100 98.541
202112 77.310 100.100 87.273
202203 75.160 101.100 84.007
202206 108.950 101.800 120.937
202209 117.340 103.100 128.607
202212 40.949 104.100 44.450
202303 43.290 104.400 46.856
202306 86.109 105.200 92.494
202309 103.323 106.200 109.939
202312 75.628 106.800 80.018
202403 71.050 107.200 74.894
202406 93.760 108.200 97.919
202409 115.830 108.900 120.191
202412 79.300 110.700 80.948
202503 85.090 111.100 86.545
202506 95.700 111.700 96.814
202509 113.460 112.000 114.473
202512 97.970 113.000 97.970

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271.63 mean?
Tokyotokeiba Co (TSE:9672) has a E10 of 円271.63 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokyotokeiba Co and its competitors.
Is Tokyotokeiba Co's E10 too high?
Tokyotokeiba Co's current E10 is 円271.63. Overall, Tokyotokeiba Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyotokeiba Co's E10 compare to FLUT and DKNG?
Tokyotokeiba Co's E10 of 円271.63 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Tokyotokeiba Co and its competitors. Tokyotokeiba Co's current E10 is 円271.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyotokeiba Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyotokeiba Co (TSE:9672) is currently considered Fairly Valued. The stock's GF Value™ is 円4,879.81, compared to a current price of 円4,850.00 — trading 0.6% below its estimated fair value. The current E10 is 円271.63. Tokyotokeiba Co's overall GF Score™ is 88/100 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 Tokyotokeiba Co (TSE:9672), the current E10 is 円271.63 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 Tokyotokeiba Co (TSE:9672) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyotokeiba Co stock appears to be undervalued. The current stock price of 円4,850.00 is trading 0.6% below its estimated GF Value™ of 円4,879.81. GuruFocus considers Tokyotokeiba Co to be Fairly Valued.

Key valuation signals for TSE:9672:

  • E10: 円271.63
  • GF Value™: 円4,879.81 vs. price of 円4,850.00 (0.6% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the TSE:9672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyotokeiba Co Business Description

Address 1-6-8 Omori Kita, Ota-ku, Tokyo, JPN, 143-0016
Tokyotokeiba Co Ltd is a gambling company engaged in horse racing. The company has four business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
88GF Score

Get the complete analysis for TSE:9672

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

円4,850.00
Price
円4,879.81
GF Value