Nippon Aqua Co (TSE:1429) E10: 円44.67 (As of Dec. 2025)

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TSE:1429 Nippon Aqua Co Ltd TSE:1429
73 GF Score
Price 円749.00
GF Value 円1,075.86
Valuation Significantly Undervalued
View Full Analysis

What is Nippon Aqua Co E10?

Nippon Aqua Co TSE:1429 +0.94% 73 E10 is 円44.67 as of Dec. 2025. GuruFocus rates TSE:1429 with a GF Score™ of 73/100 and a GF Value™ of 円1,075.86 (Significantly Undervalued).

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.

Nippon Aqua Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円22.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円44.67 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nippon Aqua Co's average E10 Growth Rate was 16.50% 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.

As of today (2026-07-23), Nippon Aqua Co's current stock price is 円749.00. Nippon Aqua Co's E10 for the quarter that ended in Dec. 2025 was 円44.67. Nippon Aqua Co's Shiller PE Ratio of today is 16.77.

During the past 13 years, the highest Shiller PE Ratio of Nippon Aqua Co was 34.28. The lowest was 15.40. And the median was 21.87.


Nippon Aqua Co  (TSE:1429) 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.

Nippon Aqua Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=749.00/44.67
=16.77

* 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 Nippon Aqua Co was 34.28. The lowest was 15.40. And the median was 21.87.


Be Aware

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


Nippon Aqua Co E10 Related Terms


Nippon Aqua Co E10 Historical Data

* Premium members only.

The historical data trend for Nippon Aqua 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.

Nippon Aqua Co E10 Chart

Nippon Aqua 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 0.00 0.00 32.90 38.33 44.67

Nippon Aqua 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 39.49 42.36 43.20 44.67 0.00

TSE:1429 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Nippon Aqua 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.


Nippon Aqua Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Nippon Aqua Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:1429
73GF Score
Nippon Aqua Co Ltd TSE:1429
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Aqua 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, Nippon Aqua Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=22.23/113.0000*113.0000
=22.230

Current CPI (Dec. 2025) = 113.0000.

Nippon Aqua Co Quarterly Data

per share eps CPI Adj_EPS
201603 4.280 97.900 4.940
201606 5.990 98.100 6.900
201609 7.020 98.000 8.094
201612 9.890 98.400 11.357
201703 5.580 98.100 6.428
201706 5.550 98.500 6.367
201709 8.380 98.800 9.584
201712 8.230 99.400 9.356
201803 -1.840 99.200 -2.096
201806 1.690 99.200 1.925
201809 3.000 99.900 3.393
201812 12.320 99.700 13.963
201903 7.180 99.700 8.138
201906 7.380 99.800 8.356
201909 11.660 100.100 13.163
201912 13.260 100.500 14.909
202003 9.060 100.300 10.207
202006 6.980 99.900 7.895
202009 8.110 99.900 9.173
202012 17.410 99.300 19.812
202103 3.420 99.900 3.868
202106 3.190 99.500 3.623
202109 10.510 100.100 11.864
202112 12.397 100.100 13.995
202203 9.600 101.100 10.730
202206 9.790 101.800 10.867
202209 15.352 103.100 16.826
202212 13.240 104.100 14.372
202303 13.780 104.400 14.915
202306 16.420 105.200 17.637
202309 17.880 106.200 19.025
202312 15.740 106.800 16.654
202403 9.620 107.200 10.140
202406 8.840 108.200 9.232
202409 14.770 108.900 15.326
202412 25.320 110.700 25.846
202503 11.250 111.100 11.442
202506 12.190 111.700 12.332
202509 13.750 112.000 13.873
202512 22.230 113.000 22.230

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 円44.67 mean?
Nippon Aqua Co (TSE:1429) has a E10 of 円44.67 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippon Aqua Co and its competitors.
Is Nippon Aqua Co's E10 too high?
Nippon Aqua Co's current E10 is 円44.67. Overall, Nippon Aqua Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Aqua Co's E10 compare to PWR and FIX?
Nippon Aqua Co's E10 of 円44.67 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Nippon Aqua Co and its competitors. Nippon Aqua Co's current E10 is 円44.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Aqua Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Aqua Co (TSE:1429) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,075.86, compared to a current price of 円749.00 — trading 30.4% below its estimated fair value. The current E10 is 円44.67. Nippon Aqua Co's overall GF Score™ is 73/100. 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 Nippon Aqua Co (TSE:1429), the current E10 is 円44.67 as of Dec. 2025. 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 Nippon Aqua Co (TSE:1429) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Aqua Co stock appears to be undervalued. The current stock price of 円749.00 is trading 30.4% below its estimated GF Value™ of 円1,075.86. GuruFocus considers Nippon Aqua Co to be Significantly Undervalued.

Key valuation signals for TSE:1429:

  • E10: 円44.67
  • GF Value™: 円1,075.86 vs. price of 円749.00 (30.4% below fair value)
  • GF Score™: 73/100

No single metric tells the full story. See the TSE:1429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Aqua Co Business Description

Address 2-16-2 Konan, Minato-ku, Tokyo, JPN, 222-0033
Nippon Aqua Co Ltd is engaged in the development, sales, and installation of rigid polyurethane foam (Note) and waterproofing materials (polyurea). The company also provides a comprehensive service from the procurement, manufacturing, and sales of raw materials according to its specifications, to insulation design, sales of related materials such as heat-shielding materials, and on-site installation. Its business consists of a single business: thermal insulation construction and related services.
73GF Score

Get the complete analysis for TSE:1429

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

円749.00
Price
円1,075.86
GF Value