Ningbo Energy Group Co (SHSE:600982) E10: ¥0.27 (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.

SHSE:600982 Ningbo Energy Group Co Ltd SHSE:600982
52 GF Score
Price ¥4.64
GF Value ¥3.43
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ningbo Energy Group Co E10?

Ningbo Energy Group Co SHSE:600982 +2.65% 52 E10 is ¥0.27 as of Mar. 2026. GuruFocus rates SHSE:600982 with a GF Score™ of 52/100 and a GF Value™ of ¥3.43 (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.

Ningbo Energy Group Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.059. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ningbo Energy Group Co's average E10 Growth Rate was 12.50% per year. During the past 5 years, the average E10 Growth Rate was 2.30% per year. During the past 10 years, the average E10 Growth Rate was 4.00% 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 Ningbo Energy Group Co was 14.50% per year. The lowest was 0.00% per year. And the median was 5.00% per year.

As of today (2026-07-14), Ningbo Energy Group Co's current stock price is ¥4.64. Ningbo Energy Group Co's E10 for the quarter that ended in Mar. 2026 was ¥0.27. Ningbo Energy Group Co's Shiller PE Ratio of today is 17.19.

During the past 13 years, the highest Shiller PE Ratio of Ningbo Energy Group Co was 33.44. The lowest was 11.91. And the median was 17.36.


Ningbo Energy Group Co  (SHSE:600982) 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.

Ningbo Energy Group Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.64/0.27
=17.19

* 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 Ningbo Energy Group Co was 33.44. The lowest was 11.91. And the median was 17.36.


Be Aware

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


Ningbo Energy Group Co E10 Related Terms


Ningbo Energy Group Co E10 Historical Data

* Premium members only.

The historical data trend for Ningbo Energy Group 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.

Ningbo Energy Group Co E10 Chart

Ningbo Energy Group 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 0.24 0.26 0.25 0.24 0.26

Ningbo Energy Group 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 0.24 0.24 0.25 0.26 0.27

SHSE:600982 vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Ningbo Energy Group 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.


Ningbo Energy Group Co Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ningbo Energy Group Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ningbo Energy Group Co's Shiller PE Ratio falls into.


SHSE:600982
52GF Score
Ningbo Energy Group Co Ltd SHSE:600982
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Energy Group 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, Ningbo Energy Group 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)
=0.059/116.3033*116.3033
=0.059

Current CPI (Mar. 2026) = 116.3033.

Ningbo Energy Group Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.034 101.400 0.039
201609 0.019 102.400 0.022
201612 0.043 102.600 0.049
201703 0.048 103.200 0.054
201706 0.036 103.100 0.041
201709 0.040 104.100 0.045
201712 0.004 104.500 0.004
201803 0.026 105.300 0.029
201806 0.139 104.900 0.154
201809 0.045 106.600 0.049
201812 0.057 106.500 0.062
201903 0.042 107.700 0.045
201906 0.022 107.700 0.024
201909 0.036 109.800 0.038
201912 0.008 111.200 0.008
202003 0.023 112.300 0.024
202006 0.053 110.400 0.056
202009 0.059 111.700 0.061
202012 0.099 111.500 0.103
202103 0.050 112.662 0.052
202106 0.046 111.769 0.048
202109 0.056 112.215 0.058
202112 0.278 113.108 0.286
202203 0.040 114.335 0.041
202206 0.057 114.558 0.058
202209 0.070 115.339 0.071
202212 0.142 115.116 0.143
202303 0.007 115.116 0.007
202306 0.176 114.558 0.179
202309 0.043 115.339 0.043
202312 0.139 114.781 0.141
202403 0.026 115.227 0.026
202406 0.085 114.781 0.086
202409 0.065 115.785 0.065
202412 0.079 114.893 0.080
202503 0.037 115.116 0.037
202506 0.085 114.907 0.086
202509 0.087 115.471 0.088
202512 0.089 115.832 0.089
202603 0.059 116.303 0.059

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 ¥0.27 mean?
Ningbo Energy Group Co (SHSE:600982) has a E10 of ¥0.27 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ningbo Energy Group Co and its competitors.
Is Ningbo Energy Group Co's E10 too high?
Ningbo Energy Group Co's current E10 is ¥0.27. Overall, Ningbo Energy Group Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Energy Group Co's E10 compare to NEE and SO?
Ningbo Energy Group Co's E10 of ¥0.27 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Ningbo Energy Group Co and its competitors. Ningbo Energy Group Co's current E10 is ¥0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Energy Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Energy Group Co (SHSE:600982) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.43, compared to a current price of ¥4.64 — trading 35.3% above its estimated fair value. The current E10 is ¥0.27. Ningbo Energy Group Co's overall GF Score™ is 52/100 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 Ningbo Energy Group Co (SHSE:600982), the current E10 is ¥0.27 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 Ningbo Energy Group Co (SHSE:600982) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Energy Group Co stock appears to be overvalued. The current stock price of ¥4.64 is trading 35.3% above its estimated GF Value™ of ¥3.43. GuruFocus considers Ningbo Energy Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600982:

  • E10: ¥0.27
  • GF Value™: ¥3.43 vs. price of ¥4.64 (35.3% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600982 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningbo Energy Group Co Business Description

Address Ningbo Economic and Technological Development Zone, Dagang Industrial City, Zhejiang Province, Ningbo, CHN, 315042
Ningbo Energy Group Co Ltd is a China-based electricity producer. The company is engaged in the generation and distribution of electricity, heat, and ash. Its main business is cogeneration. The company conducts its business mainly in Beilun Chunxiao area and part of the heating area of Beilun City, Jinhua Jinxi Development Zone, and Yujiao Huangjiatun Town.
52GF Score

Get the complete analysis for SHSE:600982

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

¥4.64
Price
¥3.43
GF Value