Nikkiso Co (FRA:NKO) E10: €0.62 (As of Dec. 2025)

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FRA:NKO Nikkiso Co Ltd FRA:NKO
77 GF Score
Price €21.00
GF Value €6.95
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nikkiso Co E10?

Nikkiso Co FRA:NKO 77 E10 is €0.62 as of Dec. 2025. GuruFocus rates FRA:NKO with a GF Score™ of 77/100 and a GF Value™ of €6.95 (Significantly Overvalued). The stock has 7 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.

Nikkiso Co's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.523. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.62 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nikkiso Co's average E10 Growth Rate was 18.00% per year. During the past 3 years, the average E10 Growth Rate was 11.20% per year. During the past 5 years, the average E10 Growth Rate was 10.10% 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 Nikkiso Co was 11.80% per year. The lowest was 3.80% per year. And the median was 8.60% per year.

As of today (2026-07-26), Nikkiso Co's current stock price is €21.00. Nikkiso Co's E10 for the quarter that ended in Dec. 2025 was €0.62. Nikkiso Co's Shiller PE Ratio of today is 33.87.

During the past 13 years, the highest Shiller PE Ratio of Nikkiso Co was 36.54. The lowest was 9.48. And the median was 13.98.


Nikkiso Co  (FRA:NKO) 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.

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

Shiller PE Ratio=Share Price/E10
=21.00/0.62
=33.87

* 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 Nikkiso Co was 36.54. The lowest was 9.48. And the median was 13.98.


Be Aware

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


Nikkiso Co E10 Related Terms


Nikkiso Co E10 Historical Data

* Premium members only.

The historical data trend for Nikkiso 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.

Nikkiso Co E10 Chart

Nikkiso Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.59 0.57 0.59 0.62

Nikkiso Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.60 0.61 0.61 0.62 0.00

FRA:NKO vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Nikkiso 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.


Nikkiso Co Shiller PE Ratio vs Industrial Products Industry

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

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


FRA:NKO
77GF Score
Nikkiso Co Ltd FRA:NKO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikkiso 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, Nikkiso Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.523/113.0000*113.0000
=0.523

Current CPI (Dec. 2025) = 113.0000.

Nikkiso Co Quarterly Data

per share eps CPI Adj_EPS
201603 -0.037 97.900 -0.043
201606 -0.012 98.100 -0.014
201609 0.082 98.000 0.095
201612 0.446 98.400 0.512
201703 0.030 98.100 0.035
201706 0.133 98.500 0.153
201709 0.068 98.800 0.078
201712 0.247 99.400 0.281
201803 0.002 99.200 0.002
201806 0.191 99.200 0.218
201809 0.230 99.900 0.260
201812 0.332 99.700 0.376
201903 0.157 99.700 0.178
201906 0.058 99.800 0.066
201909 0.323 100.100 0.365
201912 0.252 100.500 0.283
202003 0.086 100.300 0.097
202006 0.245 99.900 0.277
202009 0.159 99.900 0.180
202012 0.256 99.300 0.291
202103 0.241 99.900 0.273
202106 -0.156 99.500 -0.177
202109 0.025 100.100 0.028
202112 -0.083 100.100 -0.094
202203 0.067 101.100 0.075
202206 0.127 101.800 0.141
202209 1.305 103.100 1.430
202212 -0.107 104.100 -0.116
202303 0.017 104.400 0.018
202306 0.366 105.200 0.393
202309 0.229 106.200 0.244
202312 0.269 106.800 0.285
202403 0.262 107.200 0.276
202406 0.278 108.200 0.290
202409 -0.168 108.900 -0.174
202412 0.353 110.700 0.360
202503 0.212 111.100 0.216
202506 0.241 111.700 0.244
202509 0.209 112.000 0.211
202512 0.523 113.000 0.523

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 €0.62 mean?
Nikkiso Co (FRA:NKO) has a E10 of €0.62 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nikkiso Co and its competitors.
Is Nikkiso Co's E10 too high?
Nikkiso Co's current E10 is €0.62. Overall, Nikkiso Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikkiso Co's E10 compare to GEV and ETN?
Nikkiso Co's E10 of €0.62 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 Nikkiso Co and its competitors. Nikkiso Co's current E10 is €0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikkiso Co stock overvalued right now?
Based on GuruFocus' analysis, Nikkiso Co (FRA:NKO) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.95, compared to a current price of €21.00 — trading 202.2% above its estimated fair value. The current E10 is €0.62. Nikkiso Co's overall GF Score™ is 77/100 with 7 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 Nikkiso Co (FRA:NKO), the current E10 is €0.62 as of Dec. 2025. 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 Nikkiso Co (FRA:NKO) Overvalued in 2026?

Based on GuruFocus' analysis, Nikkiso Co stock appears to be overvalued. The current stock price of €21.00 is trading 202.2% above its estimated GF Value™ of €6.95. GuruFocus considers Nikkiso Co to be Significantly Overvalued.

Key valuation signals for FRA:NKO:

  • E10: €0.62
  • GF Value™: €6.95 vs. price of €21.00 (202.2% above fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Nikkiso Co Business Description

Other Exchanges 6376:Japan
Address 4-20-3, Ebisu, Shibuya-ku, Tokyo, JPN, 150-6022
Nikkiso Co Ltd is a Japan-based industrial company that operates through four divisions. The industrial division manufactures and distributes fluid equipment for process industries. The precision equipment business division manufactures and sells water conditioning systems, particle characterization instruments, multilayer ceramic electronic components production equipment, and systems. The aerospace division manufactures, distributes, and consults for carbon-fiber-reinforced plastic products. The medical division manufactures and sells hemodialysis machines, dialyzers, blood tubing sets, and other products. The company has a presence, with the majority of its sales coming from Japan, Asia excluding Japan, North America, and Europe.
77GF Score

Get the complete analysis for FRA:NKO

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

€21.00
Price
€6.95
GF Value