Natori Co (TSE:2922) E10: 円104.54 (As of Mar. 2026)

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TSE:2922 Natori Co Ltd TSE:2922
66 GF Score
Price 円2,000.00
GF Value 円2,138.32
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Natori Co E10?

Natori Co TSE:2922 +0.15% 66 E10 is 円104.54 as of Mar. 2026. GuruFocus rates TSE:2922 with a GF Score™ of 66/100 and a GF Value™ of 円2,138.32 (Fairly Valued). The stock has 2 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.

Natori Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円9.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円104.54 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 3.40% 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 Natori Co was 8.70% per year. The lowest was 3.40% per year. And the median was 6.00% per year.

As of today (2026-09-06), Natori Co's current stock price is 円2000.00. Natori Co's E10 for the quarter that ended in Mar. 2026 was 円104.54. Natori Co's Shiller PE Ratio of today is 19.13.

During the past 13 years, the highest Shiller PE Ratio of Natori Co was 28.86. The lowest was 17.46. And the median was 21.26.


Natori Co  (TSE:2922) 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.

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

Shiller PE Ratio=Share Price/E10
=2000.00/104.54
=19.13

* 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 Natori Co was 28.86. The lowest was 17.46. And the median was 21.26.


Be Aware

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


Natori Co E10 Related Terms


Natori Co E10 Historical Data

* Premium members only.

The historical data trend for Natori 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.

Natori Co E10 Chart

Natori 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 95.19 94.52 100.24 0.00 104.54

Natori Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.00 97.08 101.42 107.96 104.54

TSE:2922 vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Natori 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.


Natori Co Shiller PE Ratio vs Consumer Packaged Goods Industry

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

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


TSE:2922
66GF Score
Natori Co Ltd TSE:2922
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natori 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, Natori 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)
=9.01/112.7000*112.7000
=9.010

Current CPI (Mar. 2026) = 112.7000.

Natori Co Quarterly Data

per share eps CPI Adj_EPS
201512 73.807 98.100 84.792
201603 -33.900 97.900 -39.025
201606 42.000 98.100 48.251
201609 39.610 98.000 45.552
201612 54.290 98.400 62.180
201703 -29.131 98.100 -33.467
201706 23.680 98.500 27.094
201709 6.966 98.800 7.946
201712 49.290 99.400 55.885
201803 -14.990 99.200 -17.030
201806 21.300 99.200 24.199
201809 19.690 99.900 22.213
201812 65.764 99.700 74.339
201903 -22.133 99.700 -25.019
201906 13.460 99.800 15.200
201909 22.430 100.100 25.253
201912 60.800 100.500 68.181
202003 -8.806 100.300 -9.895
202006 23.990 99.900 27.064
202009 32.720 99.900 36.912
202012 97.800 99.300 110.998
202103 -16.501 99.900 -18.615
202106 44.120 99.500 49.973
202109 35.460 100.100 39.923
202112 68.418 100.100 77.030
202203 -24.222 101.100 -27.001
202206 23.080 101.800 25.551
202209 -1.898 103.100 -2.075
202212 18.080 104.100 19.574
202303 -6.890 104.400 -7.438
202306 20.710 105.200 22.186
202309 22.160 106.200 23.516
202312 106.163 106.800 112.028
202403 -37.760 107.200 -39.697
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 -1.190 111.700 -1.201
202509 15.840 112.000 15.939
202512 83.040 113.000 82.820
202603 9.010 112.700 9.010

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104.54 mean?
Natori Co (TSE:2922) has a E10 of 円104.54 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Natori Co and its competitors.
Is Natori Co's E10 too high?
Natori Co's current E10 is 円104.54. Overall, Natori Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Natori Co's E10 compare to KHC and GIS?
Natori Co's E10 of 円104.54 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 Natori Co and its competitors. Natori Co's current E10 is 円104.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natori Co stock overvalued right now?
Based on GuruFocus' analysis, Natori Co (TSE:2922) is currently considered Fairly Valued. The stock's GF Value™ is 円2,138.32, compared to a current price of 円2,000.00 — trading 6.5% below its estimated fair value. The current E10 is 円104.54. Natori Co's overall GF Score™ is 66/100 with 2 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 Natori Co (TSE:2922), the current E10 is 円104.54 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 Natori Co (TSE:2922) Overvalued in 2026?

Based on GuruFocus' analysis, Natori Co stock appears to be undervalued. The current stock price of 円2,000.00 is trading 6.5% below its estimated GF Value™ of 円2,138.32. GuruFocus considers Natori Co to be Fairly Valued.

Key valuation signals for TSE:2922:

  • E10: 円104.54
  • GF Value™: 円2,138.32 vs. price of 円2,000.00 (6.5% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the TSE:2922 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natori Co Business Description

Address 5-5-1 Oji, Kita-ku, Tokyo, JPN, 114-8611
Natori Co Ltd is engaged in manufacturing and selling of (various snack) food. The company's products include dried squids, dried scallops, cheese, salami, beef jerky, peanuts, and fried snacks.
66GF Score

Get the complete analysis for TSE:2922

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

円2,000.00
Price
円2,138.32
GF Value