DMS (TSE:9782) E10: 円196.38 (As of Mar. 2026)

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TSE:9782 DMS Inc TSE:9782
72 GF Score
Price 円3,415.00
GF Value 円2,235.52
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is DMS E10?

DMS TSE:9782 +0.59% 72 E10 is 円196.38 as of Mar. 2026. GuruFocus rates TSE:9782 with a GF Score™ of 72/100 and a GF Value™ of 円2,235.52 (Significantly 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.

DMS's adjusted earnings per share data for the three months ended in Mar. 2026 was 円78.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円196.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DMS's average E10 Growth Rate was 4.90% per year. During the past 3 years, the average E10 Growth Rate was 6.60% per year. During the past 5 years, the average E10 Growth Rate was 7.80% 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 DMS was 12.50% per year. The lowest was 5.40% per year. And the median was 9.50% per year.

As of today (2026-08-11), DMS's current stock price is 円3415.00. DMS's E10 for the quarter that ended in Mar. 2026 was 円196.38. DMS's Shiller PE Ratio of today is 17.39.

During the past 13 years, the highest Shiller PE Ratio of DMS was 19.10. The lowest was 7.15. And the median was 11.23.


DMS  (TSE:9782) 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.

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

Shiller PE Ratio=Share Price/E10
=3415.00/196.38
=17.39

* 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 DMS was 19.10. The lowest was 7.15. And the median was 11.23.


Be Aware

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


DMS E10 Related Terms


DMS E10 Historical Data

* Premium members only.

The historical data trend for DMS'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.

DMS E10 Chart

DMS 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 148.41 161.70 178.18 0.00 196.38

DMS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 187.31 189.27 193.52 196.38 0.00

TSE:9782 vs APP, OMC, TTD: E10 Comparison

For the Advertising Agencies subindustry, DMS'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.


DMS Shiller PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, DMS's Shiller PE Ratio distribution charts can be found below:

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


TSE:9782
72GF Score
DMS Inc TSE:9782
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DMS 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, DMS'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)
=78.47/112.7000*112.7000
=78.470

Current CPI (Mar. 2026) = 112.7000.

DMS Quarterly Data

per share eps CPI Adj_EPS
201603 36.300 97.900 41.788
201606 26.560 98.100 30.513
201609 26.278 98.000 30.220
201612 39.100 98.400 44.782
201703 49.704 98.100 57.101
201706 25.450 98.500 29.119
201709 26.800 98.800 30.570
201712 46.937 99.400 53.217
201803 32.610 99.200 37.048
201806 40.240 99.200 45.716
201809 32.469 99.900 36.629
201812 50.573 99.700 57.167
201903 40.520 99.700 45.803
201906 52.420 99.800 59.196
201909 49.549 100.100 55.786
201912 58.607 100.500 65.721
202003 40.650 100.300 45.676
202006 29.720 99.900 33.528
202009 30.390 99.900 34.284
202012 55.210 99.300 62.660
202103 56.751 99.900 64.022
202106 34.700 99.500 39.303
202109 34.310 100.100 38.629
202112 60.650 100.100 68.284
202203 48.093 101.100 53.611
202206 62.240 101.800 68.904
202209 40.420 103.100 44.184
202212 87.130 104.100 94.328
202303 5.810 104.400 6.272
202306 76.540 105.200 81.997
202309 19.017 106.200 20.181
202312 131.330 106.800 138.585
202403 33.163 107.200 34.864
202406 25.090 108.200 26.133
202409 36.630 108.900 37.908
202503 0.000 111.100 0.000
202506 34.740 111.700 35.051
202509 37.090 112.000 37.322
202512 50.300 113.000 50.166
202603 78.470 112.700 78.470

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196.38 mean?
DMS (TSE:9782) has a E10 of 円196.38 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DMS and its competitors.
Is DMS's E10 too high?
DMS's current E10 is 円196.38. Overall, DMS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DMS's E10 compare to APP and OMC?
DMS's E10 of 円196.38 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 DMS and its competitors. DMS's current E10 is 円196.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMS stock overvalued right now?
Based on GuruFocus' analysis, DMS (TSE:9782) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,235.52, compared to a current price of 円3,415.00 — trading 52.8% above its estimated fair value. The current E10 is 円196.38. DMS's overall GF Score™ is 72/100 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 DMS (TSE:9782), the current E10 is 円196.38 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 DMS (TSE:9782) Overvalued in 2026?

Based on GuruFocus' analysis, DMS stock appears to be overvalued. The current stock price of 円3,415.00 is trading 52.8% above its estimated GF Value™ of 円2,235.52. GuruFocus considers DMS to be Significantly Overvalued.

Key valuation signals for TSE:9782:

  • E10: 円196.38
  • GF Value™: 円2,235.52 vs. price of 円3,415.00 (52.8% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the TSE:9782 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMS Business Description

Address 1-11 Kanda-Ogawamachi, Chiyoda Ogawamachi Kurosuta, 10th Floor, Chiyoda-ku, Tokyo, JPN, 101-0052
DMS Inc provides direct mailing and sales promotion services in Japan. The company processes and distributes direct mailing, and logistics support for outsourcing services including sales promotion, sales promotion business, event business, rental business, and other related activities.
72GF Score

Get the complete analysis for TSE:9782

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

円3,415.00
Price
円2,235.52
GF Value