NHMAF (Nihon M&A Center Holdings) E10: $0.20 (As of Mar. 2026)


NHMAF Nihon M&A Center Holdings Inc NHMAF
87 GF Score
Price $4.26
GF Value $4.94
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nihon M&A Center Holdings E10?

Nihon M&A Center Holdings NHMAF 87 E10 is $0.20 as of Mar. 2026. GuruFocus rates NHMAF with a GF Score™ of 87/100 and a GF Value™ of $4.94 (Modestly Undervalued). The stock has 2 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.

Nihon M&A Center Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.049. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nihon M&A Center Holdings's average E10 Growth Rate was 7.20% per year. During the past 3 years, the average E10 Growth Rate was 10.00% per year. During the past 5 years, the average E10 Growth Rate was 12.10% 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 Nihon M&A Center Holdings was 20.60% per year. The lowest was 10.00% per year. And the median was 15.10% per year.

As of today (2026-07-12), Nihon M&A Center Holdings's current stock price is $4.2552. Nihon M&A Center Holdings's E10 for the quarter that ended in Mar. 2026 was $0.20. Nihon M&A Center Holdings's Shiller PE Ratio of today is 21.28.

During the past 13 years, the highest Shiller PE Ratio of Nihon M&A Center Holdings was 202.50. The lowest was 17.59. And the median was 82.02.


Nihon M&A Center Holdings  (OTCPK:NHMAF) 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.

Nihon M&A Center Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.2552/0.20
=21.28

* 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 Nihon M&A Center Holdings was 202.50. The lowest was 17.59. And the median was 82.02.


Be Aware

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


Nihon M&A Center Holdings E10 Related Terms


Nihon M&A Center Holdings E10 Historical Data

* Premium members only.

The historical data trend for Nihon M&A Center Holdings'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.

Nihon M&A Center Holdings E10 Chart

Nihon M&A Center Holdings 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 0.18 0.18 0.18 0.21 0.20

Nihon M&A Center Holdings 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 0.21 0.22 0.24 0.20 0.20

NHMAF vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Nihon M&A Center Holdings'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.


Nihon M&A Center Holdings Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nihon M&A Center Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nihon M&A Center Holdings's Shiller PE Ratio falls into.


NHMAF
87GF Score
Nihon M&A Center Holdings Inc NHMAF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon M&A Center Holdings 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, Nihon M&A Center Holdings'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)
=0.049/112.7000*112.7000
=0.049

Current CPI (Mar. 2026) = 112.7000.

Nihon M&A Center Holdings Quarterly Data

per share eps CPI Adj_EPS
201606 0.044 98.100 0.051
201609 0.070 98.000 0.081
201612 0.037 98.400 0.042
201703 0.025 98.100 0.029
201706 0.075 98.500 0.086
201709 0.068 98.800 0.078
201712 0.061 99.400 0.069
201803 0.020 99.200 0.023
201806 0.056 99.200 0.064
201809 0.081 99.900 0.091
201812 0.072 99.700 0.081
201903 0.033 99.700 0.037
201906 0.076 99.800 0.086
201909 0.104 100.100 0.117
201912 0.076 100.500 0.085
202003 0.034 100.300 0.038
202006 0.094 99.900 0.106
202009 0.097 99.900 0.109
202012 0.077 99.300 0.087
202103 0.034 99.900 0.038
202106 0.106 99.500 0.120
202109 0.106 100.100 0.119
202112 0.070 100.100 0.079
202203 0.024 101.100 0.027
202206 0.051 101.800 0.056
202209 0.059 103.100 0.064
202212 0.045 104.100 0.049
202303 0.062 104.400 0.067
202306 0.020 105.200 0.021
202309 0.058 106.200 0.062
202312 0.077 106.800 0.081
202403 0.071 107.200 0.075
202406 0.017 108.200 0.018
202409 0.063 108.900 0.065
202412 0.063 110.700 0.064
202503 0.088 111.100 0.089
202506 0.033 111.700 0.033
202509 0.083 112.000 0.084
202512 0.093 113.000 0.093
202603 0.049 112.700 0.049

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 $0.20 mean?
Nihon M&A Center Holdings (NHMAF) has a E10 of $0.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nihon M&A Center Holdings and its competitors.
Is Nihon M&A Center Holdings' E10 too high?
Nihon M&A Center Holdings' current E10 is $0.20. Overall, Nihon M&A Center Holdings has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nihon M&A Center Holdings' E10 compare to MS and GS?
Nihon M&A Center Holdings' E10 of $0.20 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Nihon M&A Center Holdings and its competitors. Nihon M&A Center Holdings's current E10 is $0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon M&A Center Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nihon M&A Center Holdings (NHMAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.94, compared to a current price of $4.26 — trading 13.9% below its estimated fair value. The current E10 is $0.20. Nihon M&A Center Holdings' overall GF Score™ is 87/100 with 2 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 Nihon M&A Center Holdings (NHMAF), the current E10 is $0.20 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 Nihon M&A Center Holdings (NHMAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon M&A Center Holdings stock appears to be undervalued. The current stock price of $4.26 is trading 13.9% below its estimated GF Value™ of $4.94. GuruFocus considers Nihon M&A Center Holdings to be Modestly Undervalued.

Key valuation signals for NHMAF:

  • E10: $0.20
  • GF Value™: $4.94 vs. price of $4.26 (13.9% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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


Nihon M&A Center Holdings Business Description

Other Exchanges 2127:Japan
Address 1-8-2, Marunouchi, 24th Floor, Tekko Building, Chiyoda-ku, Tokyo, JPN, 100-0005
Nihon M&A Center Holdings Inc is a Japan-based company involved in the merger and acquisition brokerage business. It offers M & A intermediary, corporate assessment, management buyout support, restructuring aid, corporate advisory, capital planning policy and management, and consulting services. The company is also involved in the corporate assessment business, calculating the reference price of enterprise value.
87GF Score

Get the complete analysis for NHMAF

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

$4.26
Price
$4.94
GF Value