Nippon Kodoshi (TSE:3891) E10: 円153.12 (As of Mar. 2026)


TSE:3891 Nippon Kodoshi Corp TSE:3891
69 GF Score
Price 円9,980.00
GF Value 円2,433.70
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Nippon Kodoshi E10?

Nippon Kodoshi TSE:3891 -1.67% 69 E10 is 円153.12 as of Mar. 2026. GuruFocus rates TSE:3891 with a GF Score™ of 69/100 and a GF Value™ of 円2,433.70 (Significantly Overvalued). The stock has 8 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.

Nippon Kodoshi's adjusted earnings per share data for the three months ended in Mar. 2026 was 円60.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円153.12 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 15.50% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Nippon Kodoshi was 34.40% per year. The lowest was 15.50% per year. And the median was 33.30% per year.

As of today (2026-06-29), Nippon Kodoshi's current stock price is 円9980.00. Nippon Kodoshi's E10 for the quarter that ended in Mar. 2026 was 円153.12. Nippon Kodoshi's Shiller PE Ratio of today is 65.18.

During the past 13 years, the highest Shiller PE Ratio of Nippon Kodoshi was 162.13. The lowest was 12.89. And the median was 27.92.


Nippon Kodoshi  (TSE:3891) 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 Kodoshi's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9980.00/153.12
=65.18

* 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 Kodoshi was 162.13. The lowest was 12.89. And the median was 27.92.


Be Aware

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


Nippon Kodoshi E10 Related Terms


Nippon Kodoshi E10 Historical Data

* Premium members only.

The historical data trend for Nippon Kodoshi'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 Kodoshi E10 Chart

Nippon Kodoshi 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 71.61 99.44 113.62 0.00 153.12

Nippon Kodoshi Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 134.18 138.63 146.97 153.12

TSE:3891 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Nippon Kodoshi'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 Kodoshi Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Nippon Kodoshi's Shiller PE Ratio distribution charts can be found below:

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


TSE:3891
69GF Score
Nippon Kodoshi Corp TSE:3891
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Kodoshi 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 Kodoshi'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)
=60.26/112.7000*112.7000
=60.260

Current CPI (Mar. 2026) = 112.7000.

Nippon Kodoshi Quarterly Data

per share eps CPI Adj_EPS
201603 -13.360 97.900 -15.380
201606 -8.600 98.100 -9.880
201609 2.090 98.000 2.404
201612 25.719 98.400 29.457
201703 -61.425 98.100 -70.567
201706 48.600 98.500 55.606
201709 23.270 98.800 26.544
201712 36.388 99.400 41.257
201803 -68.600 99.200 -77.936
201806 77.870 99.200 88.467
201809 29.068 99.900 32.792
201812 25.860 99.700 29.232
201903 6.196 99.700 7.004
201906 21.460 99.800 24.234
201909 14.157 100.100 15.939
201912 16.560 100.500 18.570
202003 12.081 100.300 13.575
202006 43.370 99.900 48.927
202009 34.710 99.900 39.157
202012 50.370 99.300 57.167
202103 58.050 99.900 65.488
202106 86.700 99.500 98.202
202109 60.350 100.100 67.947
202112 69.810 100.100 78.597
202203 54.400 101.100 60.642
202206 87.930 101.800 97.345
202209 61.450 103.100 67.172
202212 51.430 104.100 55.679
202303 28.390 104.400 30.647
202306 55.890 105.200 59.875
202309 47.248 106.200 50.140
202312 23.470 106.800 24.767
202403 12.248 107.200 12.876
202406 61.880 108.200 64.454
202409 49.400 108.900 51.124
202503 0.000 111.100 0.000
202506 56.720 111.700 57.228
202509 61.230 112.000 61.613
202512 72.460 113.000 72.268
202603 60.260 112.700 60.260

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153.12 mean?
Nippon Kodoshi (TSE:3891) has a E10 of 円153.12 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippon Kodoshi and its competitors.
Is Nippon Kodoshi's E10 too high?
Nippon Kodoshi's current E10 is 円153.12. Overall, Nippon Kodoshi has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Kodoshi's E10 compare to APH and GLW?
Nippon Kodoshi's E10 of 円153.12 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Kodoshi and its competitors. Nippon Kodoshi's current E10 is 円153.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Kodoshi stock overvalued right now?
Based on GuruFocus' analysis, Nippon Kodoshi (TSE:3891) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,433.70, compared to a current price of 円9,980.00 — trading 310.1% above its estimated fair value. The current E10 is 円153.12. Nippon Kodoshi's overall GF Score™ is 69/100 with 8 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 Nippon Kodoshi (TSE:3891), the current E10 is 円153.12 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 Nippon Kodoshi (TSE:3891) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Kodoshi stock appears to be overvalued. The current stock price of 円9,980.00 is trading 310.1% above its estimated GF Value™ of 円2,433.70. GuruFocus considers Nippon Kodoshi to be Significantly Overvalued.

Key valuation signals for TSE:3891:

  • E10: 円153.12
  • GF Value™: 円2,433.70 vs. price of 円9,980.00 (310.1% above fair value)
  • GF Score™: 69/100 with 8 warning signs

No single metric tells the full story. See the TSE:3891 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Kodoshi Business Description

Address 648 Hirooka-kami, Haruno-Cho, Kochi, JPN, 781 0395
Nippon Kodoshi Corp manufactures separators for aluminium electrolytic capacitors and batteries. The company is engaged in the fusion of paper and electronics, the search for new materials, and finding applications in electronic components.
69GF Score

Get the complete analysis for TSE:3891

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

円9,980.00
Price
円2,433.70
GF Value