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As of today (2026-07-25), Topcon's current share price is $21.209895. Topcon's E10 for the quarter that ended in Sep. 2025 was $0.35. Topcon's Shiller PE Ratio for today is 60.60.
The historical rank and industry rank for Topcon's Shiller PE Ratio or its related term are showing as below:
TOPCF'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.52 Med: 42.44 Max: 123.03
Current: 62.54
During the past years, Topcon's highest Shiller PE Ratio was 123.03. The lowest was 20.52. And the median was 42.44.
TOPCF's Shiller PE Ratio is not ranked
in the Hardware industry.
Industry Median: 29.67
vs TOPCF: 62.54
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Topcon's adjusted earnings per share data for the three months ended in Sep. 2025 was $-0.669. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.35 for the trailing ten years ended in Sep. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Topcon (OTCPK:TOPCF) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Topcon Shiller PE Ratio Related Terms
Topcon Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Topcon's Shiller PE Ratio 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.
TOPCF vs GRMN, KEYS, COHR: Shiller PE Ratio Comparison
For the Scientific & Technical Instruments subindustry, Topcon'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.
Topcon Shiller PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Topcon's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Topcon's Shiller PE Ratio falls into.
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Topcon's Shiller PE Ratio for today is calculated as
* 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.
Topcon's E10 for the quarter that ended in Sep. 2025 is calculated as:
For example, Topcon's adjusted earnings per share data for the three months ended in Sep. 2025 was:
Add all the adjusted EPS together and divide 10 will get our 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.
Topcon (TOPCF) has a Shiller PE Ratio of 60.60 as of Jul. 25, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Topcon and its competitors. This is 43% above median its historical median of 42.44. Over the past decade, Topcon's Shiller PE Ratio has ranged from 20.52 to 123.03.
Is Topcon's Shiller PE Ratio too high?
Topcon's current Shiller PE Ratio of 60.60 is 43% above median its 10-year median of 42.44. Over the past 10 years, this metric has ranged from a low of 20.52 to a high of 123.03. The Hardware industry median Shiller PE Ratio is 29.67. Topcon's value of 60.60 is 104.2% above this industry median. Overall, Topcon has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Topcon's Shiller PE Ratio compare to GRMN and KEYS?
Topcon's Shiller PE Ratio of 60.60 can be compared against companies in the Hardware industry. The industry median Shiller PE Ratio is 29.67. Topcon's value of 60.60 is 104.2% above this benchmark. Historically, Topcon's own Shiller PE Ratio has ranged from 20.52 to 123.03 over the past decade. While the company's 10-year median is 42.44 vs. the industry median of 29.67, Topcon has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shiller PE Ratio for a Hardware company?
The median Shiller PE Ratio among Hardware companies is 29.67, based on 1,419 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Topcon's current Shiller PE Ratio of 60.60 is 104.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Topcon and its competitors. For the Hardware industry, the median Shiller PE Ratio is 29.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topcon's current Shiller PE Ratio is 60.60, which is 43% above median its own 10-year median of 42.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topcon stock overvalued right now?
Topcon (TOPCF) has a current Shiller PE Ratio of 60.60. The stock's GF Value™ is $11.64, compared to a current price of $21.21 — trading 82.2% above its estimated fair value. The current Shiller PE Ratio is 60.60, which is 43% above median its 10-year median of 42.44 and 104.2% above the Hardware industry median of 29.67. Topcon's overall GF Score™ is 9/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Topcon (TOPCF), the current Shiller PE Ratio is 60.60 as of Jul. 25, 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 Topcon (TOPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Topcon stock appears to be overvalued.
The current stock price of $21.21 is trading 82.2% above its estimated GF Value™ of $11.64.
Key valuation signals for TOPCF:
Shiller PE Ratio: 60.60 (43% above median its 10-year median of 42.44)
GF Value™: $11.64 vs. price of $21.21 (82.2% above fair value)
Industry Position: 104.2% above the Hardware median
No single metric tells the full story. See the TOPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topcon Corp sells ophthalmic instruments, medical equipment, machine control systems, and GPS-related products. Its operations are structured around three main areas: the Positioning Business, Eye Care Business, and Other. The Positioning division handles products such as total stations, 3D laser scanners, ICT automated construction systems, IT agricultural systems, GNSS receivers for surveying, laser equipment, and software for construction and civil engineering. The Eye Care division provides 3D fundus imaging devices, fundus cameras, auto and kerato refractors, slit lamps, tonometers, lens meters, ophthalmic laser systems, and related software for image management and electronic medical records.
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