Okuma (NGO:6103) E10: 円224.77 (As of Mar. 2026)


NGO:6103 Okuma Corp NGO:6103
91 GF Score
Price 円3,525.00
GF Value 円3,027.99
! 1 Warning Sign
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What is Okuma E10?

Okuma NGO:6103 91 E10 is 円224.77 as of Mar. 2026. GuruFocus rates NGO:6103 with a GF Score™ of 91/100 and a GF Value™ of 円3,027.99. The stock has 1 warning sign 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.

Okuma's adjusted earnings per share data for the three months ended in Mar. 2026 was 円66.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円224.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Okuma's average E10 Growth Rate was -0.20% per year. During the past 3 years, the average E10 Growth Rate was 4.40% per year. During the past 5 years, the average E10 Growth Rate was 7.10% 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 Okuma was 23.00% per year. The lowest was 4.40% per year. And the median was 9.50% per year.

As of today (2026-06-28), Okuma's current stock price is 円3525.00. Okuma's E10 for the quarter that ended in Mar. 2026 was 円224.77. Okuma's Shiller PE Ratio of today is 15.68.

During the past 13 years, the highest Shiller PE Ratio of Okuma was 48.38. The lowest was 8.96. And the median was 16.43.


Okuma  (NGO:6103) 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.

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

Shiller PE Ratio=Share Price/E10
=3525.00/224.77
=15.68

* 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 Okuma was 48.38. The lowest was 8.96. And the median was 16.43.


Be Aware

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


Okuma E10 Related Terms


Okuma E10 Historical Data

* Premium members only.

The historical data trend for Okuma'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.

Okuma E10 Chart

Okuma 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 163.42 175.20 217.80 231.81 224.77

Okuma 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 231.81 215.17 232.05 216.43 224.77

NGO:6103 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Okuma'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.


Okuma Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Okuma's Shiller PE Ratio distribution charts can be found below:

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


NGO:6103
91GF Score
Okuma Corp NGO:6103
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okuma 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, Okuma'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)
=66.84/112.7000*112.7000
=66.840

Current CPI (Mar. 2026) = 112.7000.

Okuma Quarterly Data

per share eps CPI Adj_EPS
201606 21.975 98.100 25.245
201609 42.760 98.000 49.174
201612 53.688 98.400 61.490
201703 41.321 98.100 47.471
201706 38.040 98.500 43.524
201709 53.470 98.800 60.993
201712 67.480 99.400 76.509
201803 62.930 99.200 71.494
201806 57.945 99.200 65.831
201809 66.565 99.900 75.094
201812 75.210 99.700 85.017
201903 89.555 99.700 101.232
201906 44.095 99.800 49.795
201909 53.162 100.100 59.854
201912 44.700 100.500 50.126
202003 27.683 100.300 31.105
202006 3.775 99.900 4.259
202009 4.656 99.900 5.253
202012 1.340 99.300 1.521
202103 23.295 99.900 26.280
202106 25.850 99.500 29.279
202109 36.837 100.100 41.474
202112 46.505 100.100 52.359
202203 74.255 101.100 82.775
202206 70.680 101.800 78.248
202209 77.320 103.100 84.520
202212 77.395 104.100 83.789
202303 82.580 104.400 89.145
202306 75.435 105.200 80.813
202309 66.495 106.200 70.565
202312 70.348 106.800 74.234
202403 103.477 107.200 108.786
202406 40.230 108.200 41.903
202409 18.900 108.900 19.560
202412 64.750 110.700 65.920
202503 34.580 111.100 35.078
202506 23.290 111.700 23.499
202509 51.970 112.000 52.295
202512 65.930 113.000 65.755
202603 66.840 112.700 66.840

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224.77 mean?
Okuma (NGO:6103) has a E10 of 円224.77 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Okuma and its competitors.
Is Okuma's E10 too high?
Okuma's current E10 is 円224.77. Overall, Okuma has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Okuma's E10 compare to GEV and ETN?
Okuma's E10 of 円224.77 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Okuma and its competitors. Okuma's current E10 is 円224.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okuma stock overvalued right now?
Okuma (NGO:6103) has a current E10 of 円224.77. The stock's GF Value™ is 円3,027.99, compared to a current price of 円3,525.00 — trading 16.4% above its estimated fair value. The current E10 is 円224.77. Okuma's overall GF Score™ is 91/100 with 1 warning sign 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 Okuma (NGO:6103), the current E10 is 円224.77 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 Okuma (NGO:6103) Overvalued in 2026?

Based on GuruFocus' analysis, Okuma stock appears to be overvalued. The current stock price of 円3,525.00 is trading 16.4% above its estimated GF Value™ of 円3,027.99.

Key valuation signals for NGO:6103:

  • E10: 円224.77
  • GF Value™: 円3,027.99 vs. price of 円3,525.00 (16.4% above fair value)
  • GF Score™: 91/100 with 1 warning sign

No single metric tells the full story. See the NGO:6103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okuma Business Description

Other Exchanges 6103:Japan
Address 5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, JPN, 480-0193
Okuma Corp is a Japan-based company that manufactures machine tools. The company's product portfolio comprises CNC lathes, aluminum wheel applications, horizontal multitasking machines, machining centers, and so on. In addition, the company provides other solutions including applications, system technologies, aftersales services, and others. The company has a number of subsidiaries overseas, including Okuma America Corp. (America), Okuma Europe GmbH (Germany), Okuma Machine Tool (Shanghai) Co., Ltd (China), BYJC Okuma (Beijing) Machine Tool Co., Ltd (China) and Tatung-Okuma Co., Ltd (Taiwan). In the domestic market, the company primarily operates through Nippon Seiki Shokai and Okuma Kosan Corp. The company generates around half of its revenue from overseas markets.
91GF Score

Get the complete analysis for NGO:6103

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

円3,525.00
Price
円3,027.99
GF Value