Shin Nippon Air Technologies Co (TSE:1952) E10: 円134.95 (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.

TSE:1952 Shin Nippon Air Technologies Co Ltd TSE:1952
84 GF Score
Price 円3,270.00
GF Value 円2,361.40
Valuation Significantly Overvalued
View Full Analysis

What is Shin Nippon Air Technologies Co E10?

Shin Nippon Air Technologies Co TSE:1952 +2.19% 84 E10 is 円134.95 as of Mar. 2026. GuruFocus rates TSE:1952 with a GF Score™ of 84/100 and a GF Value™ of 円2,361.40 (Significantly Overvalued).

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.

Shin Nippon Air Technologies Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円112.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円134.95 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shin Nippon Air Technologies Co's average E10 Growth Rate was 20.40% per year. During the past 3 years, the average E10 Growth Rate was 21.00% per year. During the past 5 years, the average E10 Growth Rate was 19.90% 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 Shin Nippon Air Technologies Co was 21.00% per year. The lowest was 18.30% per year. And the median was 19.40% per year.

As of today (2026-08-04), Shin Nippon Air Technologies Co's current stock price is 円3270.00. Shin Nippon Air Technologies Co's E10 for the quarter that ended in Mar. 2026 was 円134.95. Shin Nippon Air Technologies Co's Shiller PE Ratio of today is 24.23.

During the past 13 years, the highest Shiller PE Ratio of Shin Nippon Air Technologies Co was 32.29. The lowest was 12.09. And the median was 21.25.


Shin Nippon Air Technologies Co  (TSE:1952) 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.

Shin Nippon Air Technologies Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3270.00/134.95
=24.23

* 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 Shin Nippon Air Technologies Co was 32.29. The lowest was 12.09. And the median was 21.25.


Be Aware

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


Shin Nippon Air Technologies Co E10 Related Terms


Shin Nippon Air Technologies Co E10 Historical Data

* Premium members only.

The historical data trend for Shin Nippon Air Technologies 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.

Shin Nippon Air Technologies Co E10 Chart

Shin Nippon Air Technologies Co 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 64.92 76.15 90.79 112.07 134.95

Shin Nippon Air Technologies 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 112.07 117.06 123.15 130.08 134.95

TSE:1952 vs TT, JCI, CARR: E10 Comparison

For the Building Products & Equipment subindustry, Shin Nippon Air Technologies 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.


Shin Nippon Air Technologies Co Shiller PE Ratio vs Construction Industry

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

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


TSE:1952
84GF Score
Shin Nippon Air Technologies Co Ltd TSE:1952
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Nippon Air Technologies 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, Shin Nippon Air Technologies 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)
=112.33/112.7000*112.7000
=112.330

Current CPI (Mar. 2026) = 112.7000.

Shin Nippon Air Technologies Co Quarterly Data

per share eps CPI Adj_EPS
201606 -0.105 98.100 -0.121
201609 17.833 98.000 20.508
201612 18.240 98.400 20.891
201703 23.805 98.100 27.348
201706 -3.885 98.500 -4.445
201709 13.181 98.800 15.035
201712 16.820 99.400 19.071
201803 44.015 99.200 50.005
201806 -5.110 99.200 -5.805
201809 15.360 99.900 17.328
201812 17.470 99.700 19.748
201903 37.100 99.700 41.938
201906 3.920 99.800 4.427
201909 16.905 100.100 19.033
201912 15.260 100.500 17.112
202003 61.895 100.300 69.547
202006 6.730 99.900 7.592
202009 19.270 99.900 21.739
202012 31.920 99.300 36.227
202103 41.335 99.900 46.631
202106 26.805 99.500 30.361
202109 12.260 100.100 13.803
202112 32.695 100.100 36.810
202203 43.735 101.100 48.753
202206 14.585 101.800 16.147
202209 25.635 103.100 28.022
202212 25.470 104.100 27.574
202303 53.745 104.400 58.018
202306 10.450 105.200 11.195
202309 13.725 106.200 14.565
202312 63.515 106.800 67.024
202403 67.140 107.200 70.585
202406 15.280 108.200 15.915
202409 25.660 108.900 26.555
202412 43.700 110.700 44.490
202503 126.490 111.100 128.312
202506 34.770 111.700 35.081
202509 52.860 112.000 53.190
202512 67.170 113.000 66.992
202603 112.330 112.700 112.330

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134.95 mean?
Shin Nippon Air Technologies Co (TSE:1952) has a E10 of 円134.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shin Nippon Air Technologies Co and its competitors.
Is Shin Nippon Air Technologies Co's E10 too high?
Shin Nippon Air Technologies Co's current E10 is 円134.95. Overall, Shin Nippon Air Technologies Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin Nippon Air Technologies Co's E10 compare to TT and JCI?
Shin Nippon Air Technologies Co's E10 of 円134.95 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 Shin Nippon Air Technologies Co and its competitors. Shin Nippon Air Technologies Co's current E10 is 円134.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Nippon Air Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Nippon Air Technologies Co (TSE:1952) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,361.40, compared to a current price of 円3,270.00 — trading 38.5% above its estimated fair value. The current E10 is 円134.95. Shin Nippon Air Technologies Co's overall GF Score™ is 84/100. 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 Shin Nippon Air Technologies Co (TSE:1952), the current E10 is 円134.95 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 Shin Nippon Air Technologies Co (TSE:1952) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Nippon Air Technologies Co stock appears to be overvalued. The current stock price of 円3,270.00 is trading 38.5% above its estimated GF Value™ of 円2,361.40. GuruFocus considers Shin Nippon Air Technologies Co to be Significantly Overvalued.

Key valuation signals for TSE:1952:

  • E10: 円134.95
  • GF Value™: 円2,361.40 vs. price of 円3,270.00 (38.5% above fair value)
  • GF Score™: 84/100

No single metric tells the full story. See the TSE:1952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Nippon Air Technologies Co Business Description

Address 2-31-1 Nihonbashi Hamacho, Hamacho Center Building, Chuo-ku, Tokyo, JPN, 103-0007
Shin Nippon Air Technologies Co Ltd engages in the design, installation, management, and contract work for air conditioning systems, ventilation, environmental protection, temperature and humidity adjustment, dust removal, disinfection, water supply and drainage, sanitation equipment, and electrical equipment.
84GF Score

Get the complete analysis for TSE:1952

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

円3,270.00
Price
円2,361.40
GF Value