Nitta (NTTAF) E10: $0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

NTTAF Nitta Corp NTTAF
53 GF Score
Price $40.56
GF Value $24.60
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nitta E10?

Nitta NTTAF 53 E10 is $0.00 as of Mar. 2026. GuruFocus rates NTTAF with a GF Score™ of 53/100 and a GF Value™ of $24.60 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Nitta's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.995. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nitta's average E10 Growth Rate was 6.10% per year. During the past 3 years, the average E10 Growth Rate was 7.30% per year. During the past 5 years, the average E10 Growth Rate was 8.90% 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 Nitta was 9.80% per year. The lowest was 5.90% per year. And the median was 7.35% per year.

As of today (2026-07-26), Nitta's current stock price is $40.5612. Nitta's E10 for the quarter that ended in Mar. 2026 was $0.00. Nitta's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Nitta was 25.28. The lowest was 7.55. And the median was 11.72.


Nitta  (OTCPK:NTTAF) 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 Nitta was 25.28. The lowest was 7.55. And the median was 11.72.


Be Aware

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


Nitta E10 Related Terms


Nitta E10 Historical Data

* Premium members only.

The historical data trend for Nitta'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.

Nitta E10 Chart

Nitta 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 0.00 0.00 0.00 0.00 0.00

Nitta 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 0.00 0.00 0.00 0.00 0.00

NTTAF vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Nitta'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.


Nitta Shiller PE Ratio vs Industrial Products Industry

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

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


NTTAF
53GF Score
Nitta Corp NTTAF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitta 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, Nitta'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)
=0.995/112.7000*112.7000
=0.995

Current CPI (Mar. 2026) = 112.7000.

Nitta Quarterly Data

per share eps CPI Adj_EPS
201606 0.665 98.100 0.764
201609 0.627 98.000 0.721
201612 0.566 98.400 0.648
201703 0.635 98.100 0.730
201706 0.672 98.500 0.769
201709 0.842 98.800 0.960
201712 0.666 99.400 0.755
201803 0.676 99.200 0.768
201806 0.728 99.200 0.827
201809 0.786 99.900 0.887
201812 0.827 99.700 0.935
201903 0.421 99.700 0.476
201906 0.579 99.800 0.654
201909 0.493 100.100 0.555
201912 0.456 100.500 0.511
202003 0.423 100.300 0.475
202006 0.312 99.900 0.352
202009 0.208 99.900 0.235
202012 0.609 99.300 0.691
202103 0.423 99.900 0.477
202106 0.843 99.500 0.955
202109 1.101 100.100 1.240
202112 0.722 100.100 0.813
202203 0.602 101.100 0.671
202206 0.725 101.800 0.803
202209 0.651 103.100 0.712
202212 0.783 104.100 0.848
202303 0.667 104.400 0.720
202306 0.637 105.200 0.682
202309 0.610 106.200 0.647
202312 0.651 106.800 0.687
202403 0.533 107.200 0.560
202406 0.684 108.200 0.712
202409 0.707 108.900 0.732
202412 0.842 110.700 0.857
202503 0.658 111.100 0.667
202506 0.686 111.700 0.692
202509 0.668 112.000 0.672
202512 0.865 113.000 0.863
202603 0.995 112.700 0.995

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 $0.00 mean?
Nitta (NTTAF) has a E10 of $0.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nitta and its competitors.
Is Nitta's E10 too high?
Nitta's current E10 is $0.00. Overall, Nitta has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitta's E10 compare to GEV and ETN?
Nitta's E10 of $0.00 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 Nitta and its competitors. Nitta's current E10 is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitta stock overvalued right now?
Based on GuruFocus' analysis, Nitta (NTTAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.60, compared to a current price of $40.56 — trading 64.9% above its estimated fair value. The current E10 is $0.00. Nitta's overall GF Score™ is 53/100 with 7 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 Nitta (NTTAF), the current E10 is $0.00 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 Nitta (NTTAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nitta stock appears to be overvalued. The current stock price of $40.56 is trading 64.9% above its estimated GF Value™ of $24.60. GuruFocus considers Nitta to be Significantly Overvalued.

Key valuation signals for NTTAF:

  • E10: $0.00
  • GF Value™: $24.60 vs. price of $40.56 (64.9% above fair value)
  • GF Score™: 53/100 with 7 warning signs

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


Nitta Business Description

Other Exchanges 5186:Japan
Address 4-4-26 Sakuragawa, Naniwa-ku, Osaka, JPN, 556-0022
Nitta Corp is a Japan-based company that manufactures and distributes a wide range of industrial products. The company's product line comprises conveyor belts and units, tubes and fittings, industrial wiper and molded rubber products, mechatronic products, magnetic sheets, and so on. The company's conveyor belt products are distributed under trademarks including PolySprint, Polybelt, New Light Grip, and SEB. The company's conveyor unit products include curve conveyor units, spiral conveyor units, and nonsnaking conveyor units. Nitta Corp's tube and fitting products are applied in pneumatic equipment, semiconductor equipment, industrial robots, and others. The company's wiper products include slide seals, lip seals, telesco seals, and others.
53GF Score

Get the complete analysis for NTTAF

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

$40.56
Price
$24.60
GF Value