NEC (HAM:NEC1) E10: €0.53 (As of Mar. 2026)


HAM:NEC1 NEC Corp HAM:NEC1
80 GF Score
Price €20.53
GF Value €15.40
Valuation Significantly Overvalued
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What is NEC E10?

NEC HAM:NEC1 +2.86% 80 E10 is €0.53 as of Mar. 2026. GuruFocus rates HAM:NEC1 with a GF Score™ of 80/100 and a GF Value™ of €15.40 (Significantly Overvalued).

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.

NEC's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.524. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.53 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NEC's average E10 Growth Rate was 17.90% per year. During the past 3 years, the average E10 Growth Rate was 16.40% per year. During the past 5 years, the average E10 Growth Rate was 20.90% 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 NEC was 56.10% per year. The lowest was 15.10% per year. And the median was 28.00% per year.

As of today (2026-06-29), NEC's current stock price is €20.53. NEC's E10 for the quarter that ended in Mar. 2026 was €0.53. NEC's Shiller PE Ratio of today is 38.74.

During the past 13 years, the highest Shiller PE Ratio of NEC was 69.10. The lowest was 15.79. And the median was 36.10.


NEC  (HAM:NEC1) 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.

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

Shiller PE Ratio=Share Price/E10
=20.53/0.53
=38.74

* 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 NEC was 69.10. The lowest was 15.79. And the median was 36.10.


Be Aware

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


NEC E10 Related Terms


NEC E10 Historical Data

* Premium members only.

The historical data trend for NEC'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.

NEC E10 Chart

NEC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.42 0.44 0.51 0.53

NEC 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 0.51 0.50 0.50 0.51 0.53

HAM:NEC1 vs IBM, ACN, FISV: E10 Comparison

For the Information Technology Services subindustry, NEC'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.


NEC Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, NEC's Shiller PE Ratio distribution charts can be found below:

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


HAM:NEC1
80GF Score
NEC Corp HAM:NEC1
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEC 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, NEC's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.524/112.7000*112.7000
=0.524

Current CPI (Mar. 2026) = 112.7000.

NEC Quarterly Data

per share eps CPI Adj_EPS
201606 -0.131 98.100 -0.150
201609 0.224 98.000 0.258
201612 -0.100 98.400 -0.115
201703 0.192 98.100 0.221
201706 0.048 98.500 0.055
201709 0.064 98.800 0.073
201712 -0.007 99.400 -0.008
201803 0.167 99.200 0.190
201806 -0.035 99.200 -0.040
201809 0.088 99.900 0.099
201812 -0.009 99.700 -0.010
201903 0.196 99.700 0.222
201906 0.021 99.800 0.024
201909 0.168 100.100 0.189
201912 0.127 100.500 0.142
202003 0.329 100.300 0.370
202006 -0.032 99.900 -0.036
202009 0.096 99.900 0.108
202012 0.253 99.300 0.287
202103 0.546 99.900 0.616
202106 0.001 99.500 0.001
202109 0.074 100.100 0.083
202112 0.066 100.100 0.074
202203 0.654 101.100 0.729
202206 -0.072 101.800 -0.080
202209 0.092 103.100 0.101
202212 0.117 104.100 0.127
202303 0.457 104.400 0.493
202306 -0.036 105.200 -0.039
202309 0.097 106.200 0.103
202312 0.101 106.800 0.107
202403 0.532 107.200 0.559
202406 -0.026 108.200 -0.027
202409 0.091 108.900 0.094
202412 0.271 110.700 0.276
202503 0.483 111.100 0.490
202506 0.087 111.700 0.088
202509 0.231 112.000 0.232
202512 0.285 113.000 0.284
202603 0.524 112.700 0.524

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 €0.53 mean?
NEC (HAM:NEC1) has a E10 of €0.53 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NEC and its competitors.
Is NEC's E10 too high?
NEC's current E10 is €0.53. Overall, NEC has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NEC's E10 compare to IBM and ACN?
NEC's E10 of €0.53 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 NEC and its competitors. NEC's current E10 is €0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEC stock overvalued right now?
Based on GuruFocus' analysis, NEC (HAM:NEC1) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.40, compared to a current price of €20.53 — trading 33.3% above its estimated fair value. The current E10 is €0.53. NEC's overall GF Score™ is 80/100. 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 NEC (HAM:NEC1), the current E10 is €0.53 as of Mar. 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 NEC (HAM:NEC1) Overvalued in 2026?

Based on GuruFocus' analysis, NEC stock appears to be overvalued. The current stock price of €20.53 is trading 33.3% above its estimated GF Value™ of €15.40. GuruFocus considers NEC to be Significantly Overvalued.

Key valuation signals for HAM:NEC1:

  • E10: €0.53
  • GF Value™: €15.40 vs. price of €20.53 (33.3% above fair value)
  • GF Score™: 80/100

No single metric tells the full story. See the HAM:NEC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEC Business Description

Address 7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
80GF Score

Get the complete analysis for HAM:NEC1

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

€20.53
Price
€15.40
GF Value