Yoshinoya Holdings Co (TSE:9861) E10: 円31.26 (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9861 Yoshinoya Holdings Co Ltd TSE:9861
81 GF Score
Price 円3,617.00
GF Value 円3,607.63
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Yoshinoya Holdings Co E10?

Yoshinoya Holdings Co TSE:9861 -0.25% 81 E10 is 円31.26 as of Feb. 2026. GuruFocus rates TSE:9861 with a GF Score™ of 81/100 and a GF Value™ of 円3,607.63 (Fairly Valued). 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.

Yoshinoya Holdings Co's adjusted earnings per share data for the three months ended in Feb. 2026 was 円20.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円31.26 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Yoshinoya Holdings Co's average E10 Growth Rate was 23.90% per year. During the past 3 years, the average E10 Growth Rate was 34.00% 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 Yoshinoya Holdings Co was 206.10% per year. The lowest was -8.50% per year. And the median was 46.05% per year.

As of today (2026-07-16), Yoshinoya Holdings Co's current stock price is 円3617.00. Yoshinoya Holdings Co's E10 for the quarter that ended in Feb. 2026 was 円31.26. Yoshinoya Holdings Co's Shiller PE Ratio of today is 115.71.

During the past 13 years, the highest Shiller PE Ratio of Yoshinoya Holdings Co was 2778.41. The lowest was 96.51. And the median was 151.49.


Yoshinoya Holdings Co  (TSE:9861) 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.

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

Shiller PE Ratio=Share Price/E10
=3617.00/31.26
=115.71

* 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 Yoshinoya Holdings Co was 2778.41. The lowest was 96.51. And the median was 151.49.


Be Aware

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


Yoshinoya Holdings Co E10 Related Terms


Yoshinoya Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Yoshinoya 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.

Yoshinoya Holdings Co E10 Chart

Yoshinoya Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 12.99 20.55 25.23 31.26

Yoshinoya Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 26.15 28.42 30.66 31.26 0.00

TSE:9861 vs MCD, SBUX, YUM: E10 Comparison

For the Restaurants subindustry, Yoshinoya 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.


Yoshinoya Holdings Co Shiller PE Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yoshinoya Holdings Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9861
81GF Score
Yoshinoya Holdings Co Ltd TSE:9861
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yoshinoya 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, Yoshinoya Holdings Co's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=20.37/112.2000*112.2000
=20.370

Current CPI (Feb. 2026) = 112.2000.

Yoshinoya Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201605 2.020 98.200 2.308
201608 22.379 97.900 25.648
201611 1.767 98.600 2.011
201702 -6.820 98.100 -7.800
201705 6.510 98.600 7.408
201708 13.480 98.500 15.355
201711 4.720 99.100 5.344
201802 -1.611 99.500 -1.817
201805 -6.010 99.300 -6.791
201808 -7.170 99.800 -8.061
201811 -10.968 100.000 -12.306
201902 -68.800 99.700 -77.426
201905 16.990 100.000 19.063
201908 12.110 100.000 13.587
201911 -1.630 100.500 -1.820
202002 -16.430 100.300 -18.379
202005 -63.260 100.100 -70.907
202008 -25.077 100.100 -28.108
202011 3.233 99.500 3.646
202102 -31.002 99.800 -34.854
202105 23.720 99.400 26.774
202108 24.660 99.700 27.752
202111 46.800 100.100 52.457
202202 30.355 100.700 33.822
202205 22.580 101.800 24.887
202208 50.025 102.700 54.652
202211 16.710 103.900 18.045
202302 22.540 104.000 24.317
202305 15.840 105.100 16.910
202308 28.680 105.900 30.386
202311 22.550 106.900 23.668
202402 19.560 106.900 20.530
202405 10.540 108.100 10.940
202408 23.674 109.100 24.347
202411 17.270 110.000 17.615
202502 7.290 110.800 7.382
202505 11.466 111.800 11.507
202508 29.404 112.100 29.430
202511 10.840 113.200 10.744
202602 20.370 112.200 20.370

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31.26 mean?
Yoshinoya Holdings Co (TSE:9861) has a E10 of 円31.26 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Yoshinoya Holdings Co and its competitors.
Is Yoshinoya Holdings Co's E10 too high?
Yoshinoya Holdings Co's current E10 is 円31.26. Overall, Yoshinoya Holdings Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yoshinoya Holdings Co's E10 compare to MCD and SBUX?
Yoshinoya Holdings Co's E10 of 円31.26 can be compared against companies in the Restaurants 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 Restaurants company?
A good E10 depends on the Restaurants 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 Yoshinoya Holdings Co and its competitors. Yoshinoya Holdings Co's current E10 is 円31.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yoshinoya Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Yoshinoya Holdings Co (TSE:9861) is currently considered Fairly Valued. The stock's GF Value™ is 円3,607.63, compared to a current price of 円3,617.00 — trading 0.3% above its estimated fair value. The current E10 is 円31.26. Yoshinoya Holdings Co's overall GF Score™ is 81/100 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 Yoshinoya Holdings Co (TSE:9861), the current E10 is 円31.26 as of Feb. 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 Yoshinoya Holdings Co (TSE:9861) Overvalued in 2026?

Based on GuruFocus' analysis, Yoshinoya Holdings Co stock appears to be overvalued. The current stock price of 円3,617.00 is trading 0.3% above its estimated GF Value™ of 円3,607.63. GuruFocus considers Yoshinoya Holdings Co to be Fairly Valued.

Key valuation signals for TSE:9861:

  • E10: 円31.26
  • GF Value™: 円3,607.63 vs. price of 円3,617.00 (0.3% above fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the TSE:9861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yoshinoya Holdings Co Business Description

Address 36-2 Nihonbashi Hakozaki-cho, 18th Floor Daiwa Rivergate, Reception on 18th Floor, North Wing, Chuo-ku, Tokyo, JPN, 103-0015
Yoshinoya Holdings Co Ltd owns, operates, and franchises thousands of restaurants mainly in Japan. The company has three business segments: Yoshinoya: Operation of fast food restaurants such as gyudon (beef bowl)restaurants in Japan and management guidance to franchise stores, Hanamaru: Operation of self-service Sanuki udon (noodles) restaurants in Japan and management guidance to franchise stores, etc, Abroad: Operating fast food restaurants such as gyudon (beef bowl) restaurants overseas, and providing management guidance to franchise stores.
81GF Score

Get the complete analysis for TSE:9861

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

円3,617.00
Price
円3,607.63
GF Value