Nippon Electric Glass Co (FRA:NPG) E10: €0.66 (As of Dec. 2025)


FRA:NPG Nippon Electric Glass Co Ltd FRA:NPG
72 GF Score
Price €34.00
GF Value €22.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Nippon Electric Glass Co E10?

Nippon Electric Glass Co FRA:NPG +1.80% 72 E10 is €0.66 as of Dec. 2025. GuruFocus rates FRA:NPG with a GF Score™ of 72/100 and a GF Value™ of €22.01 (Significantly Overvalued). 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.

Nippon Electric Glass Co's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.925. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.66 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nippon Electric Glass Co's average E10 Growth Rate was 31.20% per year. During the past 3 years, the average E10 Growth Rate was -0.70% per year. During the past 5 years, the average E10 Growth Rate was 2.10% 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 Nippon Electric Glass Co was 1.30% per year. The lowest was -25.70% per year. And the median was -7.50% per year.

As of today (2026-07-05), Nippon Electric Glass Co's current stock price is €34.00. Nippon Electric Glass Co's E10 for the quarter that ended in Dec. 2025 was €0.66. Nippon Electric Glass Co's Shiller PE Ratio of today is 51.52.

During the past 13 years, the highest Shiller PE Ratio of Nippon Electric Glass Co was 64.83. The lowest was 7.31. And the median was 22.23.


Nippon Electric Glass Co  (FRA:NPG) 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.

Nippon Electric Glass Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=34.00/0.66
=51.52

* 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 Nippon Electric Glass Co was 64.83. The lowest was 7.31. And the median was 22.23.


Be Aware

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


Nippon Electric Glass Co E10 Related Terms


Nippon Electric Glass Co E10 Historical Data

* Premium members only.

The historical data trend for Nippon Electric Glass 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.

Nippon Electric Glass Co E10 Chart

Nippon Electric Glass 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 0.69 0.88 0.52 0.56 0.66

Nippon Electric Glass 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 0.61 0.61 0.65 0.66 0.00

FRA:NPG vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Nippon Electric Glass 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.


Nippon Electric Glass Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Nippon Electric Glass Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:NPG
72GF Score
Nippon Electric Glass Co Ltd FRA:NPG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Electric Glass 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, Nippon Electric Glass 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)
=0.925/113.0000*113.0000
=0.925

Current CPI (Dec. 2025) = 113.0000.

Nippon Electric Glass Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.052 97.900 0.060
201606 -0.163 98.100 -0.188
201609 0.137 98.000 0.158
201612 0.385 98.400 0.442
201703 0.345 98.100 0.397
201706 0.637 98.500 0.731
201709 0.436 98.800 0.499
201712 0.709 99.400 0.806
201803 0.241 99.200 0.275
201806 0.387 99.200 0.441
201809 0.277 99.900 0.313
201812 0.288 99.700 0.326
201903 0.320 99.700 0.363
201906 0.137 99.800 0.155
201909 -0.205 100.100 -0.231
201912 -3.144 100.500 -3.535
202003 0.194 100.300 0.219
202006 0.392 99.900 0.443
202009 0.436 99.900 0.493
202012 0.262 99.300 0.298
202103 0.544 99.900 0.615
202106 0.525 99.500 0.596
202109 0.581 100.100 0.656
202112 0.588 100.100 0.664
202203 1.176 101.100 1.314
202206 0.769 101.800 0.854
202209 0.361 103.100 0.396
202212 -0.077 104.100 -0.084
202303 0.064 104.400 0.069
202306 -1.162 105.200 -1.248
202309 -0.035 106.200 -0.037
202312 -0.711 106.800 -0.752
202403 1.379 107.200 1.454
202406 0.719 108.200 0.751
202409 0.060 108.900 0.062
202412 -1.334 110.700 -1.362
202503 0.388 111.100 0.395
202506 0.390 111.700 0.395
202509 0.495 112.000 0.499
202512 0.925 113.000 0.925

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 €0.66 mean?
Nippon Electric Glass Co (FRA:NPG) has a E10 of €0.66 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippon Electric Glass Co and its competitors.
Is Nippon Electric Glass Co's E10 too high?
Nippon Electric Glass Co's current E10 is €0.66. Overall, Nippon Electric Glass Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Electric Glass Co's E10 compare to APH and GLW?
Nippon Electric Glass Co's E10 of €0.66 can be compared against companies in the Hardware 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 a Hardware company?
A good E10 depends on the Hardware 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 Nippon Electric Glass Co and its competitors. Nippon Electric Glass Co's current E10 is €0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Electric Glass Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Electric Glass Co (FRA:NPG) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.01, compared to a current price of €34.00 — trading 54.5% above its estimated fair value. The current E10 is €0.66. Nippon Electric Glass Co's overall GF Score™ is 72/100 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 Nippon Electric Glass Co (FRA:NPG), the current E10 is €0.66 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 Nippon Electric Glass Co (FRA:NPG) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Electric Glass Co stock appears to be overvalued. The current stock price of €34.00 is trading 54.5% above its estimated GF Value™ of €22.01. GuruFocus considers Nippon Electric Glass Co to be Significantly Overvalued.

Key valuation signals for FRA:NPG:

  • E10: €0.66
  • GF Value™: €22.01 vs. price of €34.00 (54.5% above fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Nippon Electric Glass Co Business Description

Address 2-7-1 Seiran, Shiga Prefecture, Otsu, JPN, 520-8639
Nippon Electric Glass Co Ltd is in the business of the production and sale of glass products and glassmaking machinery. Its business is divided into two categories: Electronics and Information Technology, and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber, and building materials. The company generates the majority of its sales from the electronics and information technology category.
72GF Score

Get the complete analysis for FRA:NPG

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

€34.00
Price
€22.01
GF Value