Zaoh Co (TSE:9986) E10: 円156.04 (As of Mar. 2026)


TSE:9986 Zaoh Co Ltd TSE:9986
80 GF Score
Price 円2,448.00
GF Value 円2,390.72
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Zaoh Co E10?

Zaoh Co TSE:9986 +0.53% 80 E10 is 円156.04 as of Mar. 2026. GuruFocus rates TSE:9986 with a GF Score™ of 80/100 and a GF Value™ of 円2,390.72 (Fairly Valued). The stock has 4 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.

Zaoh Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円46.226. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円156.04 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 4.70% 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 Zaoh Co was 10.10% per year. The lowest was 4.70% per year. And the median was 9.00% per year.

As of today (2026-06-26), Zaoh Co's current stock price is 円2448.00. Zaoh Co's E10 for the quarter that ended in Mar. 2026 was 円156.04. Zaoh Co's Shiller PE Ratio of today is 15.69.

During the past 13 years, the highest Shiller PE Ratio of Zaoh Co was 19.38. The lowest was 12.00. And the median was 15.76.


Zaoh Co  (TSE:9986) 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.

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

Shiller PE Ratio=Share Price/E10
=2448.00/156.04
=15.69

* 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 Zaoh Co was 19.38. The lowest was 12.00. And the median was 15.76.


Be Aware

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


Zaoh Co E10 Related Terms


Zaoh Co E10 Historical Data

* Premium members only.

The historical data trend for Zaoh 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.

Zaoh Co E10 Chart

Zaoh Co 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 123.98 135.98 147.40 0.00 156.04

Zaoh Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 151.43 151.98 154.39 156.04

TSE:9986 vs GWW, FAST, FERG: E10 Comparison

For the Industrial Distribution subindustry, Zaoh 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.


Zaoh Co Shiller PE Ratio vs Industrial Distribution Industry

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

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


TSE:9986
80GF Score
Zaoh Co Ltd TSE:9986
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zaoh 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, Zaoh Co'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)
=46.226/112.7000*112.7000
=46.226

Current CPI (Mar. 2026) = 112.7000.

Zaoh Co Quarterly Data

per share eps CPI Adj_EPS
201603 36.650 97.900 42.191
201606 20.400 98.100 23.436
201609 26.630 98.000 30.625
201612 29.168 98.400 33.407
201703 45.358 98.100 52.109
201706 26.110 98.500 29.874
201709 30.210 98.800 34.460
201712 32.265 99.400 36.582
201803 36.480 99.200 41.445
201806 23.680 99.200 26.903
201809 29.190 99.900 32.930
201812 25.917 99.700 29.296
201903 39.102 99.700 44.201
201906 24.300 99.800 27.441
201909 28.570 100.100 32.166
201912 24.919 100.500 27.944
202003 34.098 100.300 38.314
202006 13.450 99.900 15.173
202009 30.240 99.900 34.115
202012 33.970 99.300 38.554
202103 55.000 99.900 62.047
202106 29.300 99.500 33.187
202109 59.042 100.100 66.474
202112 49.471 100.100 55.698
202203 66.613 101.100 74.256
202206 42.940 101.800 47.538
202209 44.180 103.100 48.294
202212 59.330 104.100 64.231
202303 37.550 104.400 40.535
202306 17.340 105.200 18.576
202309 39.610 106.200 42.034
202312 46.240 106.800 48.794
202403 82.540 107.200 86.775
202406 10.300 108.200 10.728
202409 17.960 108.900 18.587
202503 0.000 111.100 0.000
202506 22.370 111.700 22.570
202509 26.640 112.000 26.807
202512 36.996 113.000 36.898
202603 46.226 112.700 46.226

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156.04 mean?
Zaoh Co (TSE:9986) has a E10 of 円156.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zaoh Co and its competitors.
Is Zaoh Co's E10 too high?
Zaoh Co's current E10 is 円156.04. Overall, Zaoh Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zaoh Co's E10 compare to GWW and FAST?
Zaoh Co's E10 of 円156.04 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 Zaoh Co and its competitors. Zaoh Co's current E10 is 円156.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaoh Co stock overvalued right now?
Based on GuruFocus' analysis, Zaoh Co (TSE:9986) is currently considered Fairly Valued. The stock's GF Value™ is 円2,390.72, compared to a current price of 円2,448.00 — trading 2.4% above its estimated fair value. The current E10 is 円156.04. Zaoh Co's overall GF Score™ is 80/100 with 4 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 Zaoh Co (TSE:9986), the current E10 is 円156.04 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 Zaoh Co (TSE:9986) Overvalued in 2026?

Based on GuruFocus' analysis, Zaoh Co stock appears to be overvalued. The current stock price of 円2,448.00 is trading 2.4% above its estimated GF Value™ of 円2,390.72. GuruFocus considers Zaoh Co to be Fairly Valued.

Key valuation signals for TSE:9986:

  • E10: 円156.04
  • GF Value™: 円2,390.72 vs. price of 円2,448.00 (2.4% above fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the TSE:9986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zaoh Co Business Description

Address 19-5, Maori 1-chome, Koto-ku, Tokyo, JPN, 135-0001
Zaoh Co Ltd is engaged in the business of dealing with industrial and professional cleaning equipment. Its main business activity is to import cleaning and washing equipment for commercial, industrial, and consumer use from various manufacturers, mainly in Europe, the United States, and China, and to sell them throughout Japan. The company's product portfolio comprises power sweepers, vacuum cleaners, carpet cleaners, ironized water generators, water purifiers, steam cleaners, etc.
80GF Score

Get the complete analysis for TSE:9986

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

円2,448.00
Price
円2,390.72
GF Value