NEXON Co (TSE:3659) E10: 円116.87 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3659 NEXON Co Ltd TSE:3659
74 GF Score
Price 円2,261.50
GF Value 円3,504.95
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is NEXON Co E10?

NEXON Co TSE:3659 +0.02% 74 E10 is 円116.87 as of Mar. 2026. GuruFocus rates TSE:3659 with a GF Score™ of 74/100 and a GF Value™ of 円3,504.95 (Significantly Undervalued). 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.

NEXON Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円72.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円116.87 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NEXON Co's average E10 Growth Rate was 12.60% per year. During the past 3 years, the average E10 Growth Rate was 10.80% 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 NEXON Co was 14.00% per year. The lowest was 10.80% per year. And the median was 12.40% per year.

As of today (2026-07-14), NEXON Co's current stock price is 円2261.50. NEXON Co's E10 for the quarter that ended in Mar. 2026 was 円116.87. NEXON Co's Shiller PE Ratio of today is 19.35.

During the past 13 years, the highest Shiller PE Ratio of NEXON Co was 44.72. The lowest was 18.28. And the median was 31.51.


NEXON Co  (TSE:3659) 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.

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

Shiller PE Ratio=Share Price/E10
=2261.50/116.87
=19.35

* 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 NEXON Co was 44.72. The lowest was 18.28. And the median was 31.51.


Be Aware

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


NEXON Co E10 Related Terms


NEXON Co E10 Historical Data

* Premium members only.

The historical data trend for NEXON 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.

NEXON Co E10 Chart

NEXON 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 69.25 80.17 86.83 102.62 109.13

NEXON 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 103.81 104.79 107.37 109.13 116.87

TSE:3659 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON 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.


NEXON Co Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:3659
74GF Score
NEXON Co Ltd TSE:3659
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEXON 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, NEXON 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)
=72.02/112.7000*112.7000
=72.020

Current CPI (Mar. 2026) = 112.7000.

NEXON Co Quarterly Data

per share eps CPI Adj_EPS
201606 8.515 98.100 9.782
201609 8.620 98.000 9.913
201612 12.645 98.400 14.483
201703 22.460 98.100 25.803
201706 21.840 98.500 24.989
201709 21.850 98.800 24.924
201712 -2.680 99.400 -3.039
201803 51.860 99.200 58.918
201806 36.060 99.200 40.967
201809 24.770 99.900 27.944
201812 7.140 99.700 8.071
201903 59.180 99.700 66.897
201906 21.210 99.800 23.952
201909 43.860 100.100 49.381
201912 3.910 100.500 4.385
202003 56.110 100.300 63.047
202006 21.970 99.900 24.785
202009 17.990 99.900 20.295
202012 -33.910 99.300 -38.486
202103 50.780 99.900 57.286
202106 9.550 99.500 10.817
202109 42.050 100.100 47.343
202112 24.470 100.100 27.550
202203 45.070 101.100 50.241
202206 29.850 101.800 33.046
202209 47.260 103.100 51.661
202212 -8.210 104.100 -8.888
202303 61.100 104.400 65.958
202306 28.600 105.200 30.639
202309 41.050 106.200 43.562
202312 -48.880 106.800 -51.580
202403 42.570 107.200 44.754
202406 47.490 108.200 49.465
202409 32.340 108.900 33.468
202412 38.610 110.700 39.308
202503 32.070 111.100 32.532
202506 20.860 111.700 21.047
202509 47.610 112.000 47.908
202512 13.570 113.000 13.534
202603 72.020 112.700 72.020

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116.87 mean?
NEXON Co (TSE:3659) has a E10 of 円116.87 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NEXON Co and its competitors.
Is NEXON Co's E10 too high?
NEXON Co's current E10 is 円116.87. Overall, NEXON Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's E10 compare to NTES and EA?
NEXON Co's E10 of 円116.87 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 NEXON Co and its competitors. NEXON Co's current E10 is 円116.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (TSE:3659) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,504.95, compared to a current price of 円2,261.50 — trading 35.5% below its estimated fair value. The current E10 is 円116.87. NEXON Co's overall GF Score™ is 74/100 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 NEXON Co (TSE:3659), the current E10 is 円116.87 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 NEXON Co (TSE:3659) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of 円2,261.50 is trading 35.5% below its estimated GF Value™ of 円3,504.95. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for TSE:3659:

  • E10: 円116.87
  • GF Value™: 円3,504.95 vs. price of 円2,261.50 (35.5% below fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the TSE:3659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
74GF Score

Get the complete analysis for TSE:3659

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

円2,261.50
Price
円3,504.95
GF Value