Arcs Co (TSE:9948) E10: 円209.00 (As of Feb. 2026)


TSE:9948 Arcs Co Ltd TSE:9948
82 GF Score
Price 円3,380.00
GF Value 円3,119.82
Valuation Fairly Valued
! 1 Warning Sign
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What is Arcs Co E10?

Arcs Co TSE:9948 +1.20% 82 E10 is 円209.00 as of Feb. 2026. GuruFocus rates TSE:9948 with a GF Score™ of 82/100 and a GF Value™ of 円3,119.82 (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.

Arcs Co's adjusted earnings per share data for the three months ended in Feb. 2026 was 円73.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円209.00 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Arcs Co's average E10 Growth Rate was 6.20% 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 4.10% 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 Arcs Co was 6.60% per year. The lowest was -0.70% per year. And the median was 1.75% per year.

As of today (2026-06-29), Arcs Co's current stock price is 円3380.00. Arcs Co's E10 for the quarter that ended in Feb. 2026 was 円209.00. Arcs Co's Shiller PE Ratio of today is 16.17.

During the past 13 years, the highest Shiller PE Ratio of Arcs Co was 19.03. The lowest was 8.85. And the median was 13.93.


Arcs Co  (TSE:9948) 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.

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

Shiller PE Ratio=Share Price/E10
=3380.00/209.00
=16.17

* 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 Arcs Co was 19.03. The lowest was 8.85. And the median was 13.93.


Be Aware

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


Arcs Co E10 Related Terms


Arcs Co E10 Historical Data

* Premium members only.

The historical data trend for Arcs 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.

Arcs Co E10 Chart

Arcs 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 166.05 172.39 185.73 196.84 209.00

Arcs Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 196.84 200.21 200.87 204.38 209.00

TSE:9948 vs DDS: E10 Comparison

For the Department Stores subindustry, Arcs 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.


Arcs Co Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Arcs Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9948
82GF Score
Arcs Co Ltd TSE:9948
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Arcs 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, Arcs 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)
=73.82/112.2000*112.2000
=73.820

Current CPI (Feb. 2026) = 112.2000.

Arcs Co Quarterly Data

per share eps CPI Adj_EPS
201605 48.240 98.200 55.117
201608 57.161 97.900 65.510
201611 42.300 98.600 48.134
201702 41.090 98.100 46.996
201705 41.200 98.600 46.883
201708 49.660 98.500 56.567
201711 35.836 99.100 40.573
201802 58.360 99.500 65.809
201805 43.030 99.300 48.620
201808 51.650 99.800 58.067
201811 33.790 100.000 37.912
201902 53.862 99.700 60.615
201905 33.170 100.000 37.217
201908 46.530 100.000 52.207
201911 19.650 100.500 21.938
202002 22.185 100.300 24.817
202005 75.250 100.100 84.346
202008 59.660 100.100 66.872
202011 41.148 99.500 46.400
202102 53.530 99.800 60.181
202105 51.050 99.400 57.624
202108 54.994 99.700 61.889
202111 36.640 100.100 41.069
202202 39.780 100.700 44.323
202205 51.060 101.800 56.276
202208 47.282 102.700 51.656
202211 40.137 103.900 43.343
202302 38.960 104.000 42.032
202305 53.810 105.100 57.445
202308 50.470 105.900 53.472
202311 38.750 106.900 40.671
202402 71.000 106.900 74.520
202405 49.350 108.100 51.222
202408 43.256 109.100 44.485
202411 37.880 110.000 38.638
202502 74.470 110.800 75.411
202505 51.850 111.800 52.036
202508 54.000 112.100 54.048
202511 51.690 113.200 51.233
202602 73.820 112.200 73.820

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209.00 mean?
Arcs Co (TSE:9948) has a E10 of 円209.00 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Arcs Co and its competitors.
Is Arcs Co's E10 too high?
Arcs Co's current E10 is 円209.00. Overall, Arcs Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arcs Co's E10 compare to DDS?
Arcs Co's E10 of 円209.00 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Arcs Co and its competitors. Arcs Co's current E10 is 円209.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcs Co stock overvalued right now?
Based on GuruFocus' analysis, Arcs Co (TSE:9948) is currently considered Fairly Valued. The stock's GF Value™ is 円3,119.82, compared to a current price of 円3,380.00 — trading 8.3% above its estimated fair value. The current E10 is 円209.00. Arcs Co's overall GF Score™ is 82/100 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 Arcs Co (TSE:9948), the current E10 is 円209.00 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 Arcs Co (TSE:9948) Overvalued in 2026?

Based on GuruFocus' analysis, Arcs Co stock appears to be overvalued. The current stock price of 円3,380.00 is trading 8.3% above its estimated GF Value™ of 円3,119.82. GuruFocus considers Arcs Co to be Fairly Valued.

Key valuation signals for TSE:9948:

  • E10: 円209.00
  • GF Value™: 円3,119.82 vs. price of 円3,380.00 (8.3% above fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the TSE:9948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arcs Co Business Description

Address 11-2-32, Minami 13-jo Nishi, Chuo-ku, Sapporo, JPN, 064-8610
Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance, life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The group operates in a single segment related to retail.
82GF Score

Get the complete analysis for TSE:9948

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

円3,380.00
Price
円3,119.82
GF Value