Meiko Construction Co (NGO:1869) E10: 円197.98 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
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.

NGO:1869 Meiko Construction Co Ltd NGO:1869
67 GF Score
Price 円1,901.00
GF Value 円1,419.12
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Meiko Construction Co E10?

Meiko Construction Co NGO:1869 -0.89% 67 E10 is 円197.98 as of Mar. 2026. GuruFocus rates NGO:1869 with a GF Score™ of 67/100 and a GF Value™ of 円1,419.12 (Significantly Overvalued). The stock has 3 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.

Meiko Construction Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円89.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円197.98 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.00% 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 Meiko Construction Co was 12.40% per year. The lowest was 7.00% per year. And the median was 11.40% per year.

As of today (2026-08-31), Meiko Construction Co's current stock price is 円1901.00. Meiko Construction Co's E10 for the quarter that ended in Mar. 2026 was 円197.98. Meiko Construction Co's Shiller PE Ratio of today is 9.60.

During the past 13 years, the highest Shiller PE Ratio of Meiko Construction Co was 12.86. The lowest was 6.18. And the median was 8.64.


Meiko Construction Co  (NGO:1869) 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.

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

Shiller PE Ratio=Share Price/E10
=1901.00/197.98
=9.60

* 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 Meiko Construction Co was 12.86. The lowest was 6.18. And the median was 8.64.


Be Aware

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


Meiko Construction Co E10 Related Terms


Meiko Construction Co E10 Historical Data

* Premium members only.

The historical data trend for Meiko Construction 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.

Meiko Construction Co E10 Chart

Meiko Construction Co 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 143.14 161.75 173.89 0.00 197.98

Meiko Construction Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 186.62 190.54 196.45 197.98 0.00

NGO:1869 vs DHI, PHM, LEN: E10 Comparison

For the Residential Construction subindustry, Meiko Construction 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.


Meiko Construction Co Shiller PE Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meiko Construction Co's Shiller PE Ratio distribution charts can be found below:

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


NGO:1869
67GF Score
Meiko Construction Co Ltd NGO:1869
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiko Construction 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, Meiko Construction Co'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)
=89.34/112.7000*112.7000
=89.340

Current CPI (Mar. 2026) = 112.7000.

Meiko Construction Co Quarterly Data

per share eps CPI Adj_EPS
201603 36.620 97.900 42.156
201606 15.490 98.100 17.795
201609 22.710 98.000 26.117
201612 49.158 98.400 56.302
201703 49.770 98.100 57.177
201706 29.730 98.500 34.016
201709 30.699 98.800 35.018
201712 61.438 99.400 69.659
201803 47.650 99.200 54.135
201806 21.780 99.200 24.744
201809 21.370 99.900 24.108
201812 55.813 99.700 63.091
201903 63.400 99.700 71.667
201906 27.650 99.800 31.224
201909 46.544 100.100 52.403
201912 64.646 100.500 72.494
202003 60.150 100.300 67.586
202006 34.520 99.900 38.943
202009 38.029 99.900 42.902
202012 45.170 99.300 51.265
202103 61.955 99.900 69.893
202106 49.490 99.500 56.056
202109 63.738 100.100 71.761
202112 56.013 100.100 63.064
202203 41.020 101.100 45.727
202206 37.990 101.800 42.058
202209 35.800 103.100 39.133
202212 57.510 104.100 62.261
202303 53.201 104.400 57.431
202306 28.230 105.200 30.243
202309 33.370 106.200 35.412
202312 56.490 106.800 59.611
202403 41.470 107.200 43.598
202406 18.590 108.200 19.363
202409 62.780 108.900 64.971
202503 0.000 111.100 0.000
202506 33.130 111.700 33.427
202509 49.110 112.000 49.417
202512 64.890 113.000 64.718
202603 89.340 112.700 89.340

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 円197.98 mean?
Meiko Construction Co (NGO:1869) has a E10 of 円197.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Meiko Construction Co and its competitors.
Is Meiko Construction Co's E10 too high?
Meiko Construction Co's current E10 is 円197.98. Overall, Meiko Construction Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Construction Co's E10 compare to DHI and PHM?
Meiko Construction Co's E10 of 円197.98 can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good E10 depends on the Homebuilding & Construction 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 Meiko Construction Co and its competitors. Meiko Construction Co's current E10 is 円197.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiko Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Construction Co (NGO:1869) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,419.12, compared to a current price of 円1,901.00 — trading 34% above its estimated fair value. The current E10 is 円197.98. Meiko Construction Co's overall GF Score™ is 67/100 with 3 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 Meiko Construction Co (NGO:1869), the current E10 is 円197.98 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 Meiko Construction Co (NGO:1869) Overvalued in 2026?

Based on GuruFocus' analysis, Meiko Construction Co stock appears to be overvalued. The current stock price of 円1,901.00 is trading 34% above its estimated GF Value™ of 円1,419.12. GuruFocus considers Meiko Construction Co to be Significantly Overvalued.

Key valuation signals for NGO:1869:

  • E10: 円197.98
  • GF Value™: 円1,419.12 vs. price of 円1,901.00 (34% above fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the NGO:1869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiko Construction Co Business Description

Address 1-1-4 Meieki, JR Central Towers 34 Floor, Nakamura-ku, Nagoya, JPN, 450-6113
Meiko Construction Co Ltd is engaged in the construction industry. The company undertakes contract for civil works, construction work, track construction and construction work of the facility construction, supervision, planning, design, surveying and consulting. The company is also involved in the buying and selling of houses and real estate, lease, and brokerage. Construction materials on rental, warehousing, and management of education and cultural facilities are additional activities done by the company.
67GF Score

Get the complete analysis for NGO:1869

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

円1,901.00
Price
円1,419.12
GF Value