Sugimoto (TSE:9932) E10: 円98.69 (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:9932 Sugimoto & Co Ltd TSE:9932
77 GF Score
Price 円1,329.00
GF Value 円1,538.43
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Sugimoto E10?

Sugimoto TSE:9932 -0.60% 77 E10 is 円98.69 as of Mar. 2026. GuruFocus rates TSE:9932 with a GF Score™ of 77/100 and a GF Value™ of 円1,538.43 (Modestly Undervalued). 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.

Sugimoto's adjusted earnings per share data for the three months ended in Mar. 2026 was 円42.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円98.69 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 6.30% 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 Sugimoto was 14.20% per year. The lowest was 6.30% per year. And the median was 10.50% per year.

As of today (2026-08-30), Sugimoto's current stock price is 円1329.00. Sugimoto's E10 for the quarter that ended in Mar. 2026 was 円98.69. Sugimoto's Shiller PE Ratio of today is 13.47.

During the past 13 years, the highest Shiller PE Ratio of Sugimoto was 23.55. The lowest was 11.66. And the median was 15.34.


Sugimoto  (TSE:9932) 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.

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

Shiller PE Ratio=Share Price/E10
=1329.00/98.69
=13.47

* 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 Sugimoto was 23.55. The lowest was 11.66. And the median was 15.34.


Be Aware

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


Sugimoto E10 Related Terms


Sugimoto E10 Historical Data

* Premium members only.

The historical data trend for Sugimoto'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.

Sugimoto E10 Chart

Sugimoto 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 72.43 82.18 89.04 0.00 98.69

Sugimoto 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 93.64 94.88 97.79 98.69 0.00

TSE:9932 vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, Sugimoto'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.


Sugimoto Shiller PE Ratio vs Industrial Distribution Industry

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

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


TSE:9932
77GF Score
Sugimoto & Co Ltd TSE:9932
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sugimoto 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, Sugimoto'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)
=42/112.7000*112.7000
=42.000

Current CPI (Mar. 2026) = 112.7000.

Sugimoto Quarterly Data

per share eps CPI Adj_EPS
201603 11.965 97.900 13.774
201606 9.430 98.100 10.833
201609 15.670 98.000 18.021
201612 29.707 98.400 34.024
201703 18.875 98.100 21.684
201706 14.510 98.500 16.602
201709 19.659 98.800 22.425
201712 30.775 99.400 34.893
201803 21.590 99.200 24.528
201806 19.320 99.200 21.949
201809 23.575 99.900 26.596
201812 36.950 99.700 41.768
201903 20.890 99.700 23.614
201906 15.085 99.800 17.035
201909 21.635 100.100 24.358
201912 33.375 100.500 37.426
202003 18.347 100.300 20.615
202006 13.445 99.900 15.168
202009 17.745 99.900 20.019
202012 26.075 99.300 29.594
202103 24.895 99.900 28.085
202106 17.955 99.500 20.337
202109 19.110 100.100 21.515
202112 26.205 100.100 29.504
202203 17.421 101.100 19.420
202206 14.140 101.800 15.654
202209 27.355 103.100 29.902
202212 38.089 104.100 41.236
202303 24.675 104.400 26.637
202306 17.895 105.200 19.171
202309 20.580 106.200 21.840
202312 35.795 106.800 37.772
202403 18.834 107.200 19.800
202406 15.675 108.200 16.327
202409 21.885 108.900 22.649
202503 0.000 111.100 0.000
202506 12.220 111.700 12.329
202509 23.380 112.000 23.526
202512 39.690 113.000 39.585
202603 42.000 112.700 42.000

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98.69 mean?
Sugimoto (TSE:9932) has a E10 of 円98.69 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sugimoto and its competitors.
Is Sugimoto's E10 too high?
Sugimoto's current E10 is 円98.69. Overall, Sugimoto has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sugimoto's E10 compare to GWW and FAST?
Sugimoto's E10 of 円98.69 can be compared against companies in the Industrial Distribution 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 Distribution company?
A good E10 depends on the Industrial Distribution 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 Sugimoto and its competitors. Sugimoto's current E10 is 円98.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sugimoto stock overvalued right now?
Based on GuruFocus' analysis, Sugimoto (TSE:9932) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,538.43, compared to a current price of 円1,329.00 — trading 13.6% below its estimated fair value. The current E10 is 円98.69. Sugimoto's overall GF Score™ is 77/100 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 Sugimoto (TSE:9932), the current E10 is 円98.69 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 Sugimoto (TSE:9932) Overvalued in 2026?

Based on GuruFocus' analysis, Sugimoto stock appears to be undervalued. The current stock price of 円1,329.00 is trading 13.6% below its estimated GF Value™ of 円1,538.43. GuruFocus considers Sugimoto to be Modestly Undervalued.

Key valuation signals for TSE:9932:

  • E10: 円98.69
  • GF Value™: 円1,538.43 vs. price of 円1,329.00 (13.6% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the TSE:9932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sugimoto Business Description

Address 5-7-27 Tatemichibori, Nishi-Ku, Osaka, JPN, 550-8502
Sugimoto & Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of measuring instruments, machining equipment, and other related products. It mainly sells equipment, machinery, tools, factory supplies, consumables, etc., used in factories. The group's product portfolio comprises cylinder gauge, caliper gauge, air duster, blow gun, ratchet lever, clamping screw, cut resistant glove, office supplies, garden supplies, bolt kit, safety hoist ring, etc. Its reportable segments are based on the regions of its sales offices and include East, West, Central, and Abroad. The majority of its revenue is generated from the West Region.
77GF Score

Get the complete analysis for TSE:9932

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

円1,329.00
Price
円1,538.43
GF Value