NPC (FRA:59N) E10: €0.19 (As of Feb. 2026)

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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.

FRA:59N NPC Inc FRA:59N
92 GF Score
Price €3.54
GF Value €3.28
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is NPC E10?

NPC FRA:59N +14.94% 92 E10 is €0.19 as of Feb. 2026. GuruFocus rates FRA:59N with a GF Score™ of 92/100 and a GF Value™ of €3.28 (Fairly Valued). The stock has 2 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.

NPC's adjusted earnings per share data for the three months ended in Feb. 2026 was €0.023. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.19 for the trailing ten years ended in Feb. 2026.

During the past 12 months, NPC's average E10 Growth Rate was 16.80% per year. During the past 3 years, the average E10 Growth Rate was 72.90% 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 NPC was 72.90% per year. The lowest was 19.40% per year. And the median was 46.15% per year.

As of today (2026-08-02), NPC's current stock price is €3.54. NPC's E10 for the quarter that ended in Feb. 2026 was €0.19. NPC's Shiller PE Ratio of today is 18.63.

During the past 13 years, the highest Shiller PE Ratio of NPC was 177.33. The lowest was 15.96. And the median was 29.92.


NPC  (FRA:59N) 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.

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

Shiller PE Ratio=Share Price/E10
=3.54/0.19
=18.63

* 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 NPC was 177.33. The lowest was 15.96. And the median was 29.92.


Be Aware

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


NPC E10 Related Terms


NPC E10 Historical Data

* Premium members only.

The historical data trend for NPC'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.

NPC E10 Chart

NPC Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.05 0.14 0.19 0.20

NPC Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.19 0.20 0.19 0.19 0.00

FRA:59N vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, NPC'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.


NPC Shiller PE Ratio vs Industrial Products Industry

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

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


FRA:59N
92GF Score
NPC Inc FRA:59N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NPC 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, NPC'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)
=0.023/112.2000*112.2000
=0.023

Current CPI (Feb. 2026) = 112.2000.

NPC Quarterly Data

per share eps CPI Adj_EPS
201605 -0.055 98.200 -0.063
201608 0.114 97.900 0.131
201611 -0.022 98.600 -0.025
201702 0.079 98.100 0.090
201705 0.108 98.600 0.123
201708 -0.057 98.500 -0.065
201711 0.066 99.100 0.075
201802 0.053 99.500 0.060
201805 0.008 99.300 0.009
201808 0.014 99.800 0.016
201811 0.053 100.000 0.059
201902 0.029 99.700 0.033
201905 0.015 100.000 0.017
201908 0.158 100.000 0.177
201911 -0.005 100.500 -0.006
202002 0.058 100.300 0.065
202005 0.083 100.100 0.093
202008 0.144 100.100 0.161
202011 -0.016 99.500 -0.018
202102 0.276 99.800 0.310
202105 0.064 99.400 0.072
202108 -0.047 99.700 -0.053
202111 -0.013 100.100 -0.015
202202 -0.014 100.700 -0.016
202205 0.137 101.800 0.151
202208 0.017 102.700 0.019
202211 -0.026 103.900 -0.028
202302 0.086 104.000 0.093
202305 0.065 105.100 0.069
202308 0.177 105.900 0.188
202311 0.009 106.900 0.009
202402 0.131 106.900 0.137
202405 0.059 108.100 0.061
202408 0.282 109.100 0.290
202411 0.072 110.000 0.073
202502 0.066 110.800 0.067
202505 0.015 111.800 0.015
202508 0.214 112.100 0.214
202511 -0.036 113.200 -0.036
202602 0.023 112.200 0.023

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 €0.19 mean?
NPC (FRA:59N) has a E10 of €0.19 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NPC and its competitors.
Is NPC's E10 too high?
NPC's current E10 is €0.19. Overall, NPC has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NPC's E10 compare to GEV and ETN?
NPC's E10 of €0.19 can be compared against companies in the Industrial Products 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 Products company?
A good E10 depends on the Industrial Products 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 NPC and its competitors. NPC's current E10 is €0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NPC stock overvalued right now?
Based on GuruFocus' analysis, NPC (FRA:59N) is currently considered Fairly Valued. The stock's GF Value™ is €3.28, compared to a current price of €3.54 — trading 7.9% above its estimated fair value. The current E10 is €0.19. NPC's overall GF Score™ is 92/100 with 2 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 NPC (FRA:59N), the current E10 is €0.19 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 NPC (FRA:59N) Overvalued in 2026?

Based on GuruFocus' analysis, NPC stock appears to be overvalued. The current stock price of €3.54 is trading 7.9% above its estimated GF Value™ of €3.28. GuruFocus considers NPC to be Fairly Valued.

Key valuation signals for FRA:59N:

  • E10: €0.19
  • GF Value™: €3.28 vs. price of €3.54 (7.9% above fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the FRA:59N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NPC Business Description

Other Exchanges 6255:Japan
Address 1-7-15 Higashi-ueno, Taito-ku, Tokyo, JPN, 110-0015
NPC Inc is a Japan-based company primarily engaged in the photovoltaic manufacturing equipment business. The products offered by the company include photovoltaic module manufacturing equipment such as cell tester, tabbing and stringing machine, layup machine, module laminator, module tester, laser inspection machine and other machines. It also offers comprehensive service for equipment for reuse. In addition, the group offers sealing and other vacuum packing machines to the users in various industries. It provides contract assembly service for PV modules by utilizing its own module manufacturing assembly line.
92GF Score

Get the complete analysis for FRA:59N

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

€3.54
Price
€3.28
GF Value