Nikon (MEX:NIKONN) E10: MXN (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MEX:NIKONN Nikon Corp MEX:NIKONN
76 GF Score
Price MXN181.33
GF Value MXN182.44
! 5 Warning Signs
View Full Analysis

What is Nikon E10?

Nikon MEX:NIKONN 76 E10 is MXN as of Jun. 2026. GuruFocus rates MEX:NIKONN with a GF Score™ of 76/100 and a GF Value™ of MXN182.44. The stock has 5 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.

Nikon's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN0.426. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nikon's average E10 Growth Rate was -49.80% per year. During the past 3 years, the average E10 Growth Rate was -21.60% per year. During the past 5 years, the average E10 Growth Rate was -10.10% per year. During the past 10 years, the average E10 Growth Rate was -4.40% 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 Nikon was 8.10% per year. The lowest was -21.60% per year. And the median was -0.80% per year.

As of today (2026-09-22), Nikon's current stock price is MXN181.33. Nikon's E10 for the quarter that ended in Jun. 2026 was MXN. Nikon's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Nikon was 66.81. The lowest was 8.25. And the median was 21.96.


Nikon  (MEX:NIKONN) 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.

During the past 13 years, the highest Shiller P/E Ratio of Nikon was 66.81. The lowest was 8.25. And the median was 21.96.


Be Aware

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


Nikon E10 Related Terms


Nikon E10 Historical Data

* Premium members only.

The historical data trend for Nikon'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.

Nikon E10 Chart

Nikon Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
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Nikon Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

MEX:NIKONN vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Nikon'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.


Nikon Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nikon's Shiller PE Ratio distribution charts can be found below:

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


MEX:NIKONN
76GF Score
Nikon Corp MEX:NIKONN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.4257/113.6000*113.6000
=0.426

Current CPI (Jun. 2026) = 113.6000.

Nikon Quarterly Data

per share eps CPI Adj_EPS
201606 6.193 98.100 7.172
201609 3.444 98.000 3.992
201612 -3.628 98.400 -4.188
201706 3.735 98.500 4.307
201709 2.043 98.800 2.349
201712 3.535 99.400 4.040
201803 5.424 99.200 6.211
201806 7.309 99.200 8.370
201809 2.778 99.900 3.159
201812 7.941 99.700 9.048
201903 11.283 99.700 12.856
201906 3.605 99.800 4.104
201909 3.770 100.100 4.278
201912 1.774 100.500 2.005
202003 -6.173 100.300 -6.992
202006 -8.032 99.900 -9.134
202009 -10.176 99.900 -11.571
202012 4.321 99.300 4.943
202103 -5.781 99.900 -6.574
202106 7.864 99.500 8.978
202109 5.223 100.100 5.927
202112 6.233 100.100 7.074
202203 1.720 101.100 1.932
202206 4.984 101.800 5.562
202209 2.823 103.100 3.110
202212 8.006 104.100 8.737
202303 2.217 104.400 2.412
202306 0.953 105.200 1.029
202309 2.449 106.200 2.620
202312 5.173 106.800 5.502
202403 2.497 107.200 2.646
202406 0.876 108.200 0.919
202409 0.076 108.900 0.079
202412 1.255 110.700 1.288
202503 -0.057 111.100 -0.058
202506 3.868 111.700 3.934
202509 -1.579 112.000 -1.602
202512 -33.408 113.000 -33.586
202603 0.383 112.700 0.386
202606 0.426 113.600 0.426

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 MXN mean?
Nikon (MEX:NIKONN) has a E10 of MXN as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nikon and its competitors.
Is Nikon's E10 too high?
Nikon's current E10 is MXN. Overall, Nikon has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Nikon's E10 compare to AS and HAS?
Nikon's E10 of MXN can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Nikon and its competitors. Nikon's current E10 is MXN. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikon stock overvalued right now?
Nikon (MEX:NIKONN) has a current E10 of MXN. The stock's GF Value™ is MXN182.44, compared to a current price of MXN181.33 — trading 0.6% below its estimated fair value. The current E10 is MXN. Nikon's overall GF Score™ is 76/100 with 5 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 Nikon (MEX:NIKONN), the current E10 is MXN as of Jun. 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 Nikon (MEX:NIKONN) Overvalued in 2026?

Based on GuruFocus' analysis, Nikon stock appears to be undervalued. The current stock price of MXN181.33 is trading 0.6% below its estimated GF Value™ of MXN182.44.

Key valuation signals for MEX:NIKONN:

  • E10: MXN
  • GF Value™: MXN182.44 vs. price of MXN181.33 (0.6% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Nikon Business Description

Address 1-5-20 Nishioi, Shinagawa-ku, Tokyo, JPN, 140-8601
Nikon Corp is a Japan-based precision optics and imaging company. The group operates across five business segments: Component Business, providing industrial microscopes, measuring instruments, X-ray/CT inspection systems, optical components, and engineering services; Digital Manufacturing Business, offering metal 3D printers, encoders, digital solutions, EUV- and space-related components, and FPD photomask substrates; Healthcare Business, delivering life science, eye-care, and cell contract manufacturing solutions; Precision Machinery Business, focused on FPD and semiconductor lithography equipment; and Video Business, engaged in interchangeable-lens digital cameras, compact digital cameras, and interchangeable lenses. It generates majority of its revenue from the Video Business segment.
76GF Score

Get the complete analysis for MEX:NIKONN

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

MXN181.33
Price
MXN182.44
GF Value