Square Enix Holdings Co (TSE:9684) E10: 円86.34 (As of Mar. 2026)


TSE:9684 Square Enix Holdings Co Ltd TSE:9684
71 GF Score
Price 円2,344.50
GF Value 円1,850.35
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Square Enix Holdings Co E10?

Square Enix Holdings Co TSE:9684 -0.76% 71 E10 is 円86.34 as of Mar. 2026. GuruFocus rates TSE:9684 with a GF Score™ of 71/100 and a GF Value™ of 円1,850.35 (Modestly Overvalued). The stock has 1 warning sign 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.

Square Enix Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円11.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円86.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Square Enix Holdings Co's average E10 Growth Rate was 3.80% per year. During the past 3 years, the average E10 Growth Rate was 5.90% per year. During the past 5 years, the average E10 Growth Rate was 16.40% 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 Square Enix Holdings Co was 36.40% per year. The lowest was 5.90% per year. And the median was 23.60% per year.

As of today (2026-06-28), Square Enix Holdings Co's current stock price is 円2344.50. Square Enix Holdings Co's E10 for the quarter that ended in Mar. 2026 was 円86.34. Square Enix Holdings Co's Shiller PE Ratio of today is 27.15.

During the past 13 years, the highest Shiller PE Ratio of Square Enix Holdings Co was 92.29. The lowest was 19.82. And the median was 42.92.


Square Enix Holdings Co  (TSE:9684) 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.

Square Enix Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=2344.50/86.34
=27.15

* 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 Square Enix Holdings Co was 92.29. The lowest was 19.82. And the median was 42.92.


Be Aware

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


Square Enix Holdings Co E10 Related Terms


Square Enix Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Square Enix Holdings 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.

Square Enix Holdings Co E10 Chart

Square Enix Holdings 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 52.62 72.64 76.66 83.15 86.34

Square Enix Holdings 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 83.15 83.07 84.34 87.45 86.34

TSE:9684 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, Square Enix Holdings 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.


Square Enix Holdings Co Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Square Enix Holdings Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9684
71GF Score
Square Enix Holdings Co Ltd TSE:9684
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Square Enix Holdings 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, Square Enix Holdings 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)
=11.11/112.7000*112.7000
=11.110

Current CPI (Mar. 2026) = 112.7000.

Square Enix Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201606 14.553 98.100 16.719
201609 0.430 98.000 0.495
201612 31.520 98.400 36.101
201703 8.137 98.100 9.348
201706 22.817 98.500 26.106
201709 25.447 98.800 29.027
201712 13.537 99.400 15.348
201803 9.830 99.200 11.168
201806 15.627 99.200 17.754
201809 7.570 99.900 8.540
201812 2.733 99.700 3.089
201903 28.167 99.700 31.840
201906 11.513 99.800 13.001
201909 19.120 100.100 21.527
201912 22.937 100.500 25.721
202003 6.007 100.300 6.750
202006 40.080 99.900 45.215
202009 4.643 99.900 5.238
202012 6.470 99.300 7.343
202103 23.867 99.900 26.925
202106 35.247 99.500 39.923
202109 28.767 100.100 32.388
202112 46.897 100.100 52.800
202203 31.073 101.100 34.638
202206 51.063 101.800 56.530
202209 58.720 103.100 64.188
202212 19.233 104.100 20.822
202303 7.960 104.400 8.593
202306 17.507 105.200 18.755
202309 28.683 106.200 30.439
202312 28.187 106.800 29.744
202403 -32.970 107.200 -34.662
202406 29.503 108.200 30.730
202409 3.127 108.900 3.236
202412 36.013 110.700 36.664
202503 -0.853 111.100 -0.865
202506 13.320 111.700 13.439
202509 14.540 112.000 14.631
202512 43.110 113.000 42.996
202603 11.110 112.700 11.110

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86.34 mean?
Square Enix Holdings Co (TSE:9684) has a E10 of 円86.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Square Enix Holdings Co and its competitors.
Is Square Enix Holdings Co's E10 too high?
Square Enix Holdings Co's current E10 is 円86.34. Overall, Square Enix Holdings Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Square Enix Holdings Co's E10 compare to NTES and EA?
Square Enix Holdings Co's E10 of 円86.34 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 Square Enix Holdings Co and its competitors. Square Enix Holdings Co's current E10 is 円86.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Square Enix Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Square Enix Holdings Co (TSE:9684) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,850.35, compared to a current price of 円2,344.50 — trading 26.7% above its estimated fair value. The current E10 is 円86.34. Square Enix Holdings Co's overall GF Score™ is 71/100 with 1 warning sign 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 Square Enix Holdings Co (TSE:9684), the current E10 is 円86.34 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 Square Enix Holdings Co (TSE:9684) Overvalued in 2026?

Based on GuruFocus' analysis, Square Enix Holdings Co stock appears to be overvalued. The current stock price of 円2,344.50 is trading 26.7% above its estimated GF Value™ of 円1,850.35. GuruFocus considers Square Enix Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:9684:

  • E10: 円86.34
  • GF Value™: 円1,850.35 vs. price of 円2,344.50 (26.7% above fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TSE:9684 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Square Enix Holdings Co Business Description

Address 6-27-30 Shinjuku, Shinjuku East Side Square, Shinjuku-ku, Tokyo, JPN, 160-8430
Square Enix is a Japanese video game publisher and entertainment company that was formed in 2003 through the merger between Square and Enix. The company is best known for its role-playing game franchises such as Final Fantasy, Dragon Quest, Kingdom Hearts, and Nier. The company also operates publishing, merchandise, and amusement businesses.
71GF Score

Get the complete analysis for TSE:9684

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

円2,344.50
Price
円1,850.35
GF Value