North Electro-Optic Co (SHSE:600184) E10: ¥0.06 (As of Mar. 2026)


SHSE:600184 North Electro-Optic Co Ltd SHSE:600184
55 GF Score
Price ¥23.71
GF Value ¥13.33
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is North Electro-Optic Co E10?

North Electro-Optic Co SHSE:600184 -8.21% 55 E10 is ¥0.06 as of Mar. 2026. GuruFocus rates SHSE:600184 with a GF Score™ of 55/100 and a GF Value™ of ¥13.33 (Significantly Overvalued). The stock has 6 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.

North Electro-Optic Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.002. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, North Electro-Optic Co's average E10 Growth Rate was -14.30% per year. During the past 3 years, the average E10 Growth Rate was -5.00% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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 North Electro-Optic Co was 48.10% per year. The lowest was -14.50% per year. And the median was 6.30% per year.

As of today (2026-07-06), North Electro-Optic Co's current stock price is ¥23.71. North Electro-Optic Co's E10 for the quarter that ended in Mar. 2026 was ¥0.06. North Electro-Optic Co's Shiller PE Ratio of today is 395.17.

During the past 13 years, the highest Shiller PE Ratio of North Electro-Optic Co was 514.00. The lowest was 65.00. And the median was 212.17.


North Electro-Optic Co  (SHSE:600184) 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.

North Electro-Optic Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.71/0.06
=395.17

* 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 North Electro-Optic Co was 514.00. The lowest was 65.00. And the median was 212.17.


Be Aware

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


North Electro-Optic Co E10 Related Terms


North Electro-Optic Co E10 Historical Data

* Premium members only.

The historical data trend for North Electro-Optic 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.

North Electro-Optic Co E10 Chart

North Electro-Optic Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.07 0.13 0.07 0.06

North Electro-Optic Co 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 0.07 0.06 0.07 0.06 0.06

SHSE:600184 vs SPCX, GE, RTX: E10 Comparison

For the Aerospace & Defense subindustry, North Electro-Optic 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.


North Electro-Optic Co Shiller PE Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, North Electro-Optic Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where North Electro-Optic Co's Shiller PE Ratio falls into.


SHSE:600184
55GF Score
North Electro-Optic Co Ltd SHSE:600184
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Electro-Optic 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, North Electro-Optic 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)
=0.002/116.3033*116.3033
=0.002

Current CPI (Mar. 2026) = 116.3033.

North Electro-Optic Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.013 101.400 0.015
201609 0.000 102.400 0.000
201612 0.043 102.600 0.049
201703 0.002 103.200 0.002
201706 0.013 103.100 0.015
201709 0.030 104.100 0.034
201712 0.050 104.500 0.056
201803 0.010 105.300 0.011
201806 0.043 104.900 0.048
201809 0.040 106.600 0.044
201812 0.020 106.500 0.022
201903 0.010 107.700 0.011
201906 0.052 107.700 0.056
201909 0.030 109.800 0.032
201912 0.030 111.200 0.031
202003 -0.040 112.300 -0.041
202006 0.051 110.400 0.054
202009 0.070 111.700 0.073
202012 0.020 111.500 0.021
202103 0.030 112.662 0.031
202106 0.020 111.769 0.021
202109 0.040 112.215 0.041
202112 0.033 113.108 0.034
202203 0.040 114.335 0.041
202206 0.030 114.558 0.030
202209 0.030 115.339 0.030
202212 0.040 115.116 0.040
202303 0.010 115.116 0.010
202306 0.050 114.558 0.051
202309 0.030 115.339 0.030
202312 0.046 114.781 0.047
202403 -0.018 115.227 -0.018
202406 0.031 114.781 0.031
202409 -0.011 115.785 -0.011
202412 -0.407 114.893 -0.412
202503 0.002 115.116 0.002
202506 0.022 114.907 0.022
202509 0.023 115.471 0.023
202512 0.048 115.832 0.048
202603 0.002 116.303 0.002

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 ¥0.06 mean?
North Electro-Optic Co (SHSE:600184) has a E10 of ¥0.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on North Electro-Optic Co and its competitors.
Is North Electro-Optic Co's E10 too high?
North Electro-Optic Co's current E10 is ¥0.06. Overall, North Electro-Optic Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Electro-Optic Co's E10 compare to SPCX and GE?
North Electro-Optic Co's E10 of ¥0.06 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good E10 depends on the Aerospace & Defense 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 North Electro-Optic Co and its competitors. North Electro-Optic Co's current E10 is ¥0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Electro-Optic Co stock overvalued right now?
Based on GuruFocus' analysis, North Electro-Optic Co (SHSE:600184) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.33, compared to a current price of ¥23.71 — trading 77.9% above its estimated fair value. The current E10 is ¥0.06. North Electro-Optic Co's overall GF Score™ is 55/100 with 6 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 North Electro-Optic Co (SHSE:600184), the current E10 is ¥0.06 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 North Electro-Optic Co (SHSE:600184) Overvalued in 2026?

Based on GuruFocus' analysis, North Electro-Optic Co stock appears to be overvalued. The current stock price of ¥23.71 is trading 77.9% above its estimated GF Value™ of ¥13.33. GuruFocus considers North Electro-Optic Co to be Significantly Overvalued.

Key valuation signals for SHSE:600184:

  • E10: ¥0.06
  • GF Value™: ¥13.33 vs. price of ¥23.71 (77.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Electro-Optic Co Business Description

Address 67 Changhong Beilu, Xiangfan, Hubei, CHN, 441057
North Electro-Optic Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, and distribution of optoelectronic defense products. The company is also engaged in the manufacture and sales of optoelectronic materials and components.
55GF Score

Get the complete analysis for SHSE:600184

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

¥23.71
Price
¥13.33
GF Value