Nitto Fuji Flour Milling Co (TSE:2003) E10: 円96.35 (As of Mar. 2026)

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TSE:2003 Nitto Fuji Flour Milling Co Ltd TSE:2003
74 GF Score
Price 円1,806.00
GF Value 円1,721.49
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Nitto Fuji Flour Milling Co E10?

Nitto Fuji Flour Milling Co TSE:2003 -0.93% 74 E10 is 円96.35 as of Mar. 2026. GuruFocus rates TSE:2003 with a GF Score™ of 74/100 and a GF Value™ of 円1,721.49 (Fairly Valued). 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.

Nitto Fuji Flour Milling Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円21.898. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円96.35 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 9.10% 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 Nitto Fuji Flour Milling Co was 14.90% per year. The lowest was 9.10% per year. And the median was 11.60% per year.

As of today (2026-09-07), Nitto Fuji Flour Milling Co's current stock price is 円1806.00. Nitto Fuji Flour Milling Co's E10 for the quarter that ended in Mar. 2026 was 円96.35. Nitto Fuji Flour Milling Co's Shiller PE Ratio of today is 18.74.

During the past 13 years, the highest Shiller PE Ratio of Nitto Fuji Flour Milling Co was 22.13. The lowest was 12.59. And the median was 16.12.


Nitto Fuji Flour Milling Co  (TSE:2003) 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.

Nitto Fuji Flour Milling Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1806.00/96.35
=18.74

* 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 Nitto Fuji Flour Milling Co was 22.13. The lowest was 12.59. And the median was 16.12.


Be Aware

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


Nitto Fuji Flour Milling Co E10 Related Terms


Nitto Fuji Flour Milling Co E10 Historical Data

* Premium members only.

The historical data trend for Nitto Fuji Flour Milling 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.

Nitto Fuji Flour Milling Co E10 Chart

Nitto Fuji Flour Milling 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 64.07 74.14 84.37 0.00 96.35

Nitto Fuji Flour Milling Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 92.50 92.73 96.50 96.35 0.00

TSE:2003 vs ADM, BG, TSN: E10 Comparison

For the Farm Products subindustry, Nitto Fuji Flour Milling 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.


Nitto Fuji Flour Milling Co Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nitto Fuji Flour Milling Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nitto Fuji Flour Milling Co's Shiller PE Ratio falls into.


TSE:2003
74GF Score
Nitto Fuji Flour Milling Co Ltd TSE:2003
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitto Fuji Flour Milling 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, Nitto Fuji Flour Milling 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)
=21.898/112.7000*112.7000
=21.898

Current CPI (Mar. 2026) = 112.7000.

Nitto Fuji Flour Milling Co Quarterly Data

per share eps CPI Adj_EPS
201603 10.425 97.900 12.001
201606 16.215 98.100 18.628
201609 8.160 98.000 9.384
201612 16.944 98.400 19.406
201703 5.868 98.100 6.741
201706 13.799 98.500 15.788
201709 13.153 98.800 15.003
201712 23.309 99.400 26.428
201803 13.493 99.200 15.329
201806 19.444 99.200 22.090
201809 23.993 99.900 27.067
201812 29.721 99.700 33.596
201903 18.482 99.700 20.892
201906 26.460 99.800 29.880
201909 17.499 100.100 19.702
201912 34.408 100.500 38.585
202003 14.000 100.300 15.731
202006 23.991 99.900 27.065
202009 23.452 99.900 26.457
202012 29.560 99.300 33.549
202103 19.543 99.900 22.047
202106 23.090 99.500 26.153
202109 25.806 100.100 29.054
202112 34.183 100.100 38.486
202203 18.803 101.100 20.960
202206 25.243 101.800 27.946
202209 22.815 103.100 24.939
202212 37.119 104.100 40.186
202303 23.638 104.400 25.517
202306 18.793 105.200 20.133
202309 22.678 106.200 24.066
202312 39.482 106.800 41.663
202403 35.418 107.200 37.235
202406 32.793 108.200 34.157
202409 2.203 108.900 2.280
202503 0.000 111.100 0.000
202506 23.403 111.700 23.613
202509 7.975 112.000 8.025
202512 37.875 113.000 37.774
202603 21.898 112.700 21.898

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96.35 mean?
Nitto Fuji Flour Milling Co (TSE:2003) has a E10 of 円96.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nitto Fuji Flour Milling Co and its competitors.
Is Nitto Fuji Flour Milling Co's E10 too high?
Nitto Fuji Flour Milling Co's current E10 is 円96.35. Overall, Nitto Fuji Flour Milling Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Fuji Flour Milling Co's E10 compare to ADM and BG?
Nitto Fuji Flour Milling Co's E10 of 円96.35 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Nitto Fuji Flour Milling Co and its competitors. Nitto Fuji Flour Milling Co's current E10 is 円96.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Fuji Flour Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co (TSE:2003) is currently considered Fairly Valued. The stock's GF Value™ is 円1,721.49, compared to a current price of 円1,806.00 — trading 4.9% above its estimated fair value. The current E10 is 円96.35. Nitto Fuji Flour Milling Co's overall GF Score™ is 74/100 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 Nitto Fuji Flour Milling Co (TSE:2003), the current E10 is 円96.35 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 Nitto Fuji Flour Milling Co (TSE:2003) Overvalued in 2026?

Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co stock appears to be overvalued. The current stock price of 円1,806.00 is trading 4.9% above its estimated GF Value™ of 円1,721.49. GuruFocus considers Nitto Fuji Flour Milling Co to be Fairly Valued.

Key valuation signals for TSE:2003:

  • E10: 円96.35
  • GF Value™: 円1,721.49 vs. price of 円1,806.00 (4.9% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the TSE:2003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitto Fuji Flour Milling Co Business Description

Address 1-3-17 Shinkawa, Chuo-ku, Tokyo, JPN, 104-0033
Nitto Fuji Flour Milling Co Ltd is engaged in the manufacture and sale of wheat flour and bran. The company is also involved in warehousing business and designing and installation of machines and equipment.
74GF Score

Get the complete analysis for TSE:2003

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

円1,806.00
Price
円1,721.49
GF Value