Fujiingyo (TSE:9906) E10: 円338.36 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:9906 Fujii Sangyo Corp TSE:9906
84 GF Score
Price 円4,250.00
GF Value 円3,171.08
Valuation Significantly Overvalued
View Full Analysis

What is Fujiingyo E10?

Fujiingyo TSE:9906 +2.16% 84 E10 is 円338.36 as of Mar. 2026. GuruFocus rates TSE:9906 with a GF Score™ of 84/100 and a GF Value™ of 円3,171.08 (Significantly Overvalued).

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.

Fujiingyo's adjusted earnings per share data for the three months ended in Mar. 2026 was 円186.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円338.36 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 9.20% 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 Fujiingyo was 14.70% per year. The lowest was 9.20% per year. And the median was 13.20% per year.

As of today (2026-08-22), Fujiingyo's current stock price is 円4250.00. Fujiingyo's E10 for the quarter that ended in Mar. 2026 was 円338.36. Fujiingyo's Shiller PE Ratio of today is 12.56.

During the past 13 years, the highest Shiller PE Ratio of Fujiingyo was 14.36. The lowest was 5.35. And the median was 8.01.


Fujiingyo  (TSE:9906) 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.

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

Shiller PE Ratio=Share Price/E10
=4250.00/338.36
=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 Fujiingyo was 14.36. The lowest was 5.35. And the median was 8.01.


Be Aware

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


Fujiingyo E10 Related Terms


Fujiingyo E10 Historical Data

* Premium members only.

The historical data trend for Fujiingyo'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.

Fujiingyo E10 Chart

Fujiingyo 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 230.72 260.00 291.14 0.00 338.36

Fujiingyo Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 311.53 318.41 326.85 338.36 0.00

TSE:9906 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Fujiingyo'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.


Fujiingyo Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fujiingyo's Shiller PE Ratio distribution charts can be found below:

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


TSE:9906
84GF Score
Fujii Sangyo Corp TSE:9906
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujiingyo 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, Fujiingyo'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)
=186.43/112.7000*112.7000
=186.430

Current CPI (Mar. 2026) = 112.7000.

Fujiingyo Quarterly Data

per share eps CPI Adj_EPS
201512 51.370 98.100 59.015
201603 97.440 97.900 112.170
201606 10.850 98.100 12.465
201609 52.446 98.000 60.313
201612 47.070 98.400 53.910
201703 113.834 98.100 130.776
201706 24.290 98.500 27.792
201709 75.000 98.800 85.552
201712 42.821 99.400 48.551
201803 95.758 99.200 108.790
201806 23.370 99.200 26.550
201809 62.790 99.900 70.835
201812 37.330 99.700 42.198
201903 84.612 99.700 95.645
201906 25.890 99.800 29.237
201909 92.250 100.100 103.862
201912 58.040 100.500 65.086
202003 54.601 100.300 61.351
202006 36.260 99.900 40.906
202009 68.493 99.900 77.269
202012 38.260 99.300 43.423
202103 138.042 99.900 155.729
202106 46.700 99.500 52.895
202109 79.818 100.100 89.865
202112 63.944 100.100 71.993
202203 92.650 101.100 103.280
202206 25.320 101.800 28.031
202209 97.334 103.100 106.397
202212 80.439 104.100 87.084
202303 120.948 104.400 130.564
202306 55.370 105.200 59.317
202309 126.268 106.200 133.996
202312 96.240 106.800 101.557
202403 154.430 107.200 162.353
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 99.380 111.700 100.270
202509 170.800 112.000 171.868
202512 117.450 113.000 117.138
202603 186.430 112.700 186.430

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338.36 mean?
Fujiingyo (TSE:9906) has a E10 of 円338.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fujiingyo and its competitors.
Is Fujiingyo's E10 too high?
Fujiingyo's current E10 is 円338.36. Overall, Fujiingyo has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujiingyo's E10 compare to GEV and ETN?
Fujiingyo's E10 of 円338.36 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Fujiingyo and its competitors. Fujiingyo's current E10 is 円338.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiingyo stock overvalued right now?
Based on GuruFocus' analysis, Fujiingyo (TSE:9906) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,171.08, compared to a current price of 円4,250.00 — trading 34% above its estimated fair value. The current E10 is 円338.36. Fujiingyo's overall GF Score™ is 84/100. 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 Fujiingyo (TSE:9906), the current E10 is 円338.36 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 Fujiingyo (TSE:9906) Overvalued in 2026?

Based on GuruFocus' analysis, Fujiingyo stock appears to be overvalued. The current stock price of 円4,250.00 is trading 34% above its estimated GF Value™ of 円3,171.08. GuruFocus considers Fujiingyo to be Significantly Overvalued.

Key valuation signals for TSE:9906:

  • E10: 円338.36
  • GF Value™: 円3,171.08 vs. price of 円4,250.00 (34% above fair value)
  • GF Score™: 84/100

No single metric tells the full story. See the TSE:9906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujiingyo Business Description

Address 41-3 Hiraide Kogyo Danchi, Tochigi, Utsunomiya, JPN, 321-0905
Fujii Sangyo Corp along with its subsidiaries is engaged in the Industrial sector. The company's working divisions include Electrical Construction Materials Division, Industrial Systems Division, Construction Division, Renewable Energy Power Generation Division, and Civil Engineering and Construction Machinery Division. It offers its products to public facilities, office buildings, factories, houses, and others.
84GF Score

Get the complete analysis for TSE:9906

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

円4,250.00
Price
円3,171.08
GF Value