NARI Technology Co (SHSE:600406) E10: ¥0.77 (As of Mar. 2026)


SHSE:600406 NARI Technology Co Ltd SHSE:600406
97 GF Score
Price ¥22.88
GF Value ¥29.97
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is NARI Technology Co E10?

NARI Technology Co SHSE:600406 -1.21% 97 E10 is ¥0.77 as of Mar. 2026. GuruFocus rates SHSE:600406 with a GF Score™ of 97/100 and a GF Value™ of ¥29.97 (Modestly Undervalued). 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.

NARI Technology Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NARI Technology Co's average E10 Growth Rate was 10.00% per year. During the past 3 years, the average E10 Growth Rate was 8.20% per year. During the past 5 years, the average E10 Growth Rate was 9.00% per year. During the past 10 years, the average E10 Growth Rate was 13.10% 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 NARI Technology Co was 26.00% per year. The lowest was 8.20% per year. And the median was 14.10% per year.

As of today (2026-07-06), NARI Technology Co's current stock price is ¥22.88. NARI Technology Co's E10 for the quarter that ended in Mar. 2026 was ¥0.77. NARI Technology Co's Shiller PE Ratio of today is 29.71.

During the past 13 years, the highest Shiller PE Ratio of NARI Technology Co was 59.96. The lowest was 22.57. And the median was 34.26.


NARI Technology Co  (SHSE:600406) 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.

NARI Technology Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.88/0.77
=29.71

* 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 NARI Technology Co was 59.96. The lowest was 22.57. And the median was 34.26.


Be Aware

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


NARI Technology Co E10 Related Terms


NARI Technology Co E10 Historical Data

* Premium members only.

The historical data trend for NARI Technology 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.

NARI Technology Co E10 Chart

NARI Technology 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 0.55 0.60 0.64 0.71 0.76

NARI Technology 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 0.70 0.72 0.74 0.76 0.77

SHSE:600406 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, NARI Technology 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.


NARI Technology Co Shiller PE Ratio vs Industrial Products Industry

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

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


SHSE:600406
97GF Score
NARI Technology Co Ltd SHSE:600406
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NARI Technology 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, NARI Technology 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)
=0.09/116.3033*116.3033
=0.090

Current CPI (Mar. 2026) = 116.3033.

NARI Technology Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.064 101.400 0.073
201609 0.116 102.400 0.132
201612 0.570 102.600 0.646
201703 0.012 103.200 0.014
201706 0.116 103.100 0.131
201709 0.116 104.100 0.130
201712 0.214 104.500 0.238
201803 0.012 105.300 0.013
201806 0.168 104.900 0.186
201809 0.122 106.600 0.133
201812 0.237 106.500 0.259
201903 0.012 107.700 0.013
201906 0.141 107.700 0.152
201909 0.122 109.800 0.129
201912 0.272 111.200 0.284
202003 0.012 112.300 0.012
202006 0.163 110.400 0.172
202009 0.145 111.700 0.151
202012 0.292 111.500 0.305
202103 0.028 112.662 0.029
202106 0.206 111.769 0.214
202109 0.167 112.215 0.173
202112 0.308 113.108 0.317
202203 0.050 114.335 0.051
202206 0.210 114.558 0.213
202209 0.200 115.339 0.202
202212 0.350 115.116 0.354
202303 0.070 115.116 0.071
202306 0.240 114.558 0.244
202309 0.210 115.339 0.212
202312 0.380 114.781 0.385
202403 0.070 115.227 0.071
202406 0.270 114.781 0.274
202409 0.220 115.785 0.221
202412 0.390 114.893 0.395
202503 0.090 115.116 0.091
202506 0.280 114.907 0.283
202509 0.240 115.471 0.242
202512 0.430 115.832 0.432
202603 0.090 116.303 0.090

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 ¥0.77 mean?
NARI Technology Co (SHSE:600406) has a E10 of ¥0.77 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NARI Technology Co and its competitors.
Is NARI Technology Co's E10 too high?
NARI Technology Co's current E10 is ¥0.77. Overall, NARI Technology Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NARI Technology Co's E10 compare to GEV and ETN?
NARI Technology Co's E10 of ¥0.77 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 NARI Technology Co and its competitors. NARI Technology Co's current E10 is ¥0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NARI Technology Co stock overvalued right now?
Based on GuruFocus' analysis, NARI Technology Co (SHSE:600406) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥29.97, compared to a current price of ¥22.88 — trading 23.7% below its estimated fair value. The current E10 is ¥0.77. NARI Technology Co's overall GF Score™ is 97/100 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 NARI Technology Co (SHSE:600406), the current E10 is ¥0.77 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 NARI Technology Co (SHSE:600406) Overvalued in 2026?

Based on GuruFocus' analysis, NARI Technology Co stock appears to be undervalued. The current stock price of ¥22.88 is trading 23.7% below its estimated GF Value™ of ¥29.97. GuruFocus considers NARI Technology Co to be Modestly Undervalued.

Key valuation signals for SHSE:600406:

  • E10: ¥0.77
  • GF Value™: ¥29.97 vs. price of ¥22.88 (23.7% below fair value)
  • GF Score™: 97/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600406 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NARI Technology Co Business Description

Address Building 2, No. 19 Chengxin Avenue, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211106
NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection.
97GF Score

Get the complete analysis for SHSE:600406

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

¥22.88
Price
¥29.97
GF Value