Nippon Carbon Co (FRA:NPV) E10: €2.03 (As of Dec. 2025)


FRA:NPV Nippon Carbon Co Ltd FRA:NPV
80 GF Score
Price €25.00
GF Value €24.06
Valuation Fairly Valued
! 4 Warning Signs
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What is Nippon Carbon Co E10?

Nippon Carbon Co FRA:NPV +0.81% 80 E10 is €2.03 as of Dec. 2025. GuruFocus rates FRA:NPV with a GF Score™ of 80/100 and a GF Value™ of €24.06 (Fairly Valued). The stock has 4 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 Carbon Co's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.119. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nippon Carbon Co's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 13.20% per year. During the past 5 years, the average E10 Growth Rate was 12.30% 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 Carbon Co was 14.30% per year. The lowest was 5.60% per year. And the median was 13.20% per year.

As of today (2026-06-26), Nippon Carbon Co's current stock price is €25.00. Nippon Carbon Co's E10 for the quarter that ended in Dec. 2025 was €2.03. Nippon Carbon Co's Shiller PE Ratio of today is 12.32.

During the past 13 years, the highest Shiller PE Ratio of Nippon Carbon Co was 64.66. The lowest was 11.23. And the median was 16.55.


Nippon Carbon Co  (FRA:NPV) 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 Carbon Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.00/2.03
=12.32

* 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 Carbon Co was 64.66. The lowest was 11.23. And the median was 16.55.


Be Aware

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


Nippon Carbon Co E10 Related Terms


Nippon Carbon Co E10 Historical Data

* Premium members only.

The historical data trend for Nippon Carbon 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 Carbon Co E10 Chart

Nippon Carbon 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 1.70 1.80 1.85 2.02 2.03

Nippon Carbon 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 2.10 2.08 2.14 2.03 0.00

FRA:NPV vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Nippon Carbon 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 Carbon Co Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Carbon Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:NPV
80GF Score
Nippon Carbon Co Ltd FRA:NPV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Carbon 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 Carbon 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)
=0.119/113.0000*113.0000
=0.119

Current CPI (Dec. 2025) = 113.0000.

Nippon Carbon Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.115 97.900 0.133
201606 -0.165 98.100 -0.190
201609 -0.971 98.000 -1.120
201612 -3.041 98.400 -3.492
201703 -0.084 98.100 -0.097
201706 0.333 98.500 0.382
201709 0.442 98.800 0.506
201712 1.330 99.400 1.512
201803 0.844 99.200 0.961
201806 1.769 99.200 2.015
201809 1.959 99.900 2.216
201812 2.643 99.700 2.996
201903 2.351 99.700 2.665
201906 1.737 99.800 1.967
201909 1.503 100.100 1.697
201912 1.579 100.500 1.775
202003 0.369 100.300 0.416
202006 0.514 99.900 0.581
202009 0.210 99.900 0.238
202012 0.248 99.300 0.282
202103 0.158 99.900 0.179
202106 0.452 99.500 0.513
202109 0.392 100.100 0.443
202112 0.899 100.100 1.015
202203 0.531 101.100 0.594
202206 0.716 101.800 0.795
202209 0.680 103.100 0.745
202212 0.154 104.100 0.167
202303 0.476 104.400 0.515
202306 0.712 105.200 0.765
202309 0.386 106.200 0.411
202312 0.818 106.800 0.865
202403 0.539 107.200 0.568
202406 0.704 108.200 0.735
202409 0.339 108.900 0.352
202412 0.669 110.700 0.683
202503 0.378 111.100 0.384
202506 0.881 111.700 0.891
202509 1.195 112.000 1.206
202512 0.119 113.000 0.119

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 €2.03 mean?
Nippon Carbon Co (FRA:NPV) has a E10 of €2.03 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippon Carbon Co and its competitors.
Is Nippon Carbon Co's E10 too high?
Nippon Carbon Co's current E10 is €2.03. Overall, Nippon Carbon Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Carbon Co's E10 compare to LIN and SHW?
Nippon Carbon Co's E10 of €2.03 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Carbon Co and its competitors. Nippon Carbon Co's current E10 is €2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Carbon Co (FRA:NPV) is currently considered Fairly Valued. The stock's GF Value™ is €24.06, compared to a current price of €25.00 — trading 3.9% above its estimated fair value. The current E10 is €2.03. Nippon Carbon Co's overall GF Score™ is 80/100 with 4 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 Carbon Co (FRA:NPV), the current E10 is €2.03 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 Carbon Co (FRA:NPV) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Carbon Co stock appears to be overvalued. The current stock price of €25.00 is trading 3.9% above its estimated GF Value™ of €24.06. GuruFocus considers Nippon Carbon Co to be Fairly Valued.

Key valuation signals for FRA:NPV:

  • E10: €2.03
  • GF Value™: €24.06 vs. price of €25.00 (3.9% above fair value)
  • GF Score™: 80/100 with 4 warning signs

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


Nippon Carbon Co Business Description

Other Exchanges NCRBF:USA5302:Japan
Address 6-1, Hacchobori 2-chome, Chuo ku, Tokyo, JPN, 104-0032
Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.
80GF Score

Get the complete analysis for FRA:NPV

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

€25.00
Price
€24.06
GF Value