Tenbaggers (10x stocks) and 100x stocks are not an illusion! Asunaro Investment Advisory reveals that over 30% of all listed stocks achieved tenbagger status through "HL (High-Low) Analysis"
Asunaro Investment Advisory conducted its proprietary "HL (High-Low) Analysis" on all 3,745 stocks listed on the Tokyo Stock Exchange from September 2008 to March 2026. The results showed that 1,198 stocks, or approximately 31.9% of all listed stocks, achieved tenbagger status (10x stock price) during this period. The company also found surprising figures for 20x and 100x stocks, and is providing this data to contribute to improving financial literacy in Japan.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 18:00
- 🔍 Collected: April 23, 2026 at 00:02 (6h 2m after Published)
- 🤖 AI Analyzed: April 23, 2026 at 06:34 (6h 32m after Collected)
Asunaro Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Yasushi Oishi; hereinafter "Asunaro Investment Advisory") conducted its proprietary "HL (High-Low) Analysis" on all 3,745 stocks listed on the Tokyo Stock Exchange during the period from September 2008 to March 2026, using QUICK data. The results revealed that 1,198 stocks, or approximately 31.9% of all listed stocks, achieved tenbagger status (10x stock price) during this period. Furthermore, the figures for 20x and 100x stocks were also surprising, and this data is being provided to contribute to improving financial literacy in Japan.
*Data provided by: QUICK
*Data analysis by: Kazuyuki Ichimaru (Securities Analyst)
*For those aiming for big gains, Asunaro Investment Advisory's Spot Stock®: https://1376partners.com/spot
■ Conclusion: Tenbaggers are not just for "a select few stocks"
For many investors, "tenbaggers (10x stock price)" are often considered a dream, or an illusion achievable only by a lucky few. However, Asunaro Investment Advisory's "HL Analysis (※1)" overturns this common perception.
During the period from September 1, 2008, to March 31, 2026 (approximately 17 years and 7 months), an analysis of the ratio of the lowest price to the highest price for all 3,745 stocks listed on the Tokyo Stock Exchange revealed that a remarkable 1,198 stocks (31.99%) achieved tenbagger status. Furthermore, 533 stocks (14.23%) achieved 20x (twentybagger) status, and 53 stocks (1.42%) even achieved 100x (hundredbagger) status, an astonishing result.
※1 [About HL (High-Low) Analysis]
A proprietary survey conducted on all 3,745 stocks listed on the Tokyo Stock Exchange during the period from September 1, 2008, to March 31, 2026, calculating the ratio of the lowest price to the highest price during the period (some data analyzed for 2,842 stocks where continuity was confirmed).
※Past performance does not guarantee future investment results.
※Investing involves risks. Please make your final investment decisions at your own discretion.
■ Individual stock performance overwhelmingly surpasses Nikkei Average
During the same period, the performance of major indices (ratio of period low to period high) was 8.48x for the Nikkei Stock Average, 5.69x for TOPIX, and 5.35x for Growth 250.
In contrast, the average multiple for the 2,842 stocks for which data was available for this analysis was 16.59x, and even the median was 8.58x, showing performance that surpassed the Nikkei Average. While index investing is often touted as a solid means of asset building today, this data confirms that individual stock investing holds "dreams" and "potential" that far exceed it.
■ Achieved in as little as 44 business days! Speed that overturns the common sense of "time"
The idea that "it takes many years to become a tenbagger" is also just a misconception. This analysis confirmed that many stocks saw their prices jump tenfold or more in just a few months.
[Top 3 Fastest Tenbagger Achievement Stocks]
In this analysis, the top 3 stocks with the shortest period from the lowest price to the highest price (10x or more) are as follows:
Ureru Net Advertising Co., Ltd.: 14.5x (achieved in just 44 business days)
VEGA: 10.7x (achieved in 82 business days)
Euglena: 22.4x (achieved in 85 business days)
If you can invest at the right time (period low), you might expect astonishingly large profits at an incredible speed.
■ Asunaro Investment Advisory's method for discerning "investment appeal"
The biggest lesson from this HL analysis is "how to pick up at the low and hold until the high amidst market volatility." However, it is not easy for individual investors to determine this timing on their own.
Asunaro Investment Advisory, in addition to fundamental analysis of companies (realistic indicators such as PER and EPS), emphasizes "investment appeal" that excites investors, such as "rapid market expansion," "overseas expansion," "market changes due to macro policies (e.g., Trump policies)," and "adoption of shareholder return policies." Through a dual approach of realistic indicators and promising growth stories, there is a possibility of contributing to members' asset building.
Spot Stock®: https://1376partners.com/spot
For those aiming for big gains in small and mid-cap stocks, the "Spot Stock®" is the number one focus for members.
■ Find "the next tenbagger candidate" with Asunaro Prime Membership
Currently, Asunaro Investment Advisory's trading advisory service, "Asunaro Prime Membership," utilizes insights from HL analysis and its unique stock selection process.
*Data provided by: QUICK
*Data analysis by: Kazuyuki Ichimaru (Securities Analyst)
*For those aiming for big gains, Asunaro Investment Advisory's Spot Stock®: https://1376partners.com/spot
■ Conclusion: Tenbaggers are not just for "a select few stocks"
For many investors, "tenbaggers (10x stock price)" are often considered a dream, or an illusion achievable only by a lucky few. However, Asunaro Investment Advisory's "HL Analysis (※1)" overturns this common perception.
During the period from September 1, 2008, to March 31, 2026 (approximately 17 years and 7 months), an analysis of the ratio of the lowest price to the highest price for all 3,745 stocks listed on the Tokyo Stock Exchange revealed that a remarkable 1,198 stocks (31.99%) achieved tenbagger status. Furthermore, 533 stocks (14.23%) achieved 20x (twentybagger) status, and 53 stocks (1.42%) even achieved 100x (hundredbagger) status, an astonishing result.
※1 [About HL (High-Low) Analysis]
A proprietary survey conducted on all 3,745 stocks listed on the Tokyo Stock Exchange during the period from September 1, 2008, to March 31, 2026, calculating the ratio of the lowest price to the highest price during the period (some data analyzed for 2,842 stocks where continuity was confirmed).
※Past performance does not guarantee future investment results.
※Investing involves risks. Please make your final investment decisions at your own discretion.
■ Individual stock performance overwhelmingly surpasses Nikkei Average
During the same period, the performance of major indices (ratio of period low to period high) was 8.48x for the Nikkei Stock Average, 5.69x for TOPIX, and 5.35x for Growth 250.
In contrast, the average multiple for the 2,842 stocks for which data was available for this analysis was 16.59x, and even the median was 8.58x, showing performance that surpassed the Nikkei Average. While index investing is often touted as a solid means of asset building today, this data confirms that individual stock investing holds "dreams" and "potential" that far exceed it.
■ Achieved in as little as 44 business days! Speed that overturns the common sense of "time"
The idea that "it takes many years to become a tenbagger" is also just a misconception. This analysis confirmed that many stocks saw their prices jump tenfold or more in just a few months.
[Top 3 Fastest Tenbagger Achievement Stocks]
In this analysis, the top 3 stocks with the shortest period from the lowest price to the highest price (10x or more) are as follows:
Ureru Net Advertising Co., Ltd.: 14.5x (achieved in just 44 business days)
VEGA: 10.7x (achieved in 82 business days)
Euglena: 22.4x (achieved in 85 business days)
If you can invest at the right time (period low), you might expect astonishingly large profits at an incredible speed.
■ Asunaro Investment Advisory's method for discerning "investment appeal"
The biggest lesson from this HL analysis is "how to pick up at the low and hold until the high amidst market volatility." However, it is not easy for individual investors to determine this timing on their own.
Asunaro Investment Advisory, in addition to fundamental analysis of companies (realistic indicators such as PER and EPS), emphasizes "investment appeal" that excites investors, such as "rapid market expansion," "overseas expansion," "market changes due to macro policies (e.g., Trump policies)," and "adoption of shareholder return policies." Through a dual approach of realistic indicators and promising growth stories, there is a possibility of contributing to members' asset building.
Spot Stock®: https://1376partners.com/spot
For those aiming for big gains in small and mid-cap stocks, the "Spot Stock®" is the number one focus for members.
■ Find "the next tenbagger candidate" with Asunaro Prime Membership
Currently, Asunaro Investment Advisory's trading advisory service, "Asunaro Prime Membership," utilizes insights from HL analysis and its unique stock selection process.