Nichiban Co (TSE:4218) E10: 円 (As of Jun. 2026)

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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.
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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:4218 Nichiban Co Ltd TSE:4218
77 GF Score
Price 円1,943.00
GF Value 円2,048.50
Valuation Fairly Valued
! 4 Warning Signs
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What is Nichiban Co E10?

Nichiban Co TSE:4218 -0.36% 77 E10 is 円 as of Jun. 2026. GuruFocus rates TSE:4218 with a GF Score™ of 77/100 and a GF Value™ of 円2,048.50 (Fairly Valued). The stock has 4 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.

Nichiban Co's adjusted earnings per share data for the three months ended in Jun. 2026 was 円19.474. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nichiban Co's average E10 Growth Rate was -0.20% per year. During the past 3 years, the average E10 Growth Rate was 3.90% per year. During the past 5 years, the average E10 Growth Rate was 6.10% 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 Nichiban Co was 7.60% per year. The lowest was 3.90% per year. And the median was 6.35% per year.

As of today (2026-09-21), Nichiban Co's current stock price is 円1943.00. Nichiban Co's E10 for the quarter that ended in Jun. 2026 was . Nichiban Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Nichiban Co was 47.23. The lowest was 14.01. And the median was 17.78.


Nichiban Co  (TSE:4218) 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.

During the past 13 years, the highest Shiller P/E Ratio of Nichiban Co was 47.23. The lowest was 14.01. And the median was 17.78.


Be Aware

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


Nichiban Co E10 Related Terms


Nichiban Co E10 Historical Data

* Premium members only.

The historical data trend for Nichiban 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.

Nichiban Co E10 Chart

Nichiban Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
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Nichiban Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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Nichiban Co E10 Competitor Comparison

For the Business Equipment & Supplies subindustry, Nichiban 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.


Nichiban Co Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nichiban Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:4218
77GF Score
Nichiban Co Ltd TSE:4218
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichiban 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, Nichiban Co's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.4738/113.6000*113.6000
=19.474

Current CPI (Jun. 2026) = 113.6000.

Nichiban Co Quarterly Data

per share eps CPI Adj_EPS
201609 30.737 98.000 35.630
201612 52.599 98.400 60.724
201703 28.037 98.100 32.467
201706 39.716 98.500 45.805
201709 34.409 98.800 39.563
201712 56.608 99.400 64.695
201803 20.410 99.200 23.373
201806 29.777 99.200 34.099
201809 27.074 99.900 30.786
201812 39.862 99.700 45.420
201903 57.380 99.700 65.380
201906 16.215 99.800 18.458
201909 30.693 100.100 34.832
201912 33.492 100.500 37.858
202003 4.102 100.300 4.646
202006 8.928 99.900 10.152
202009 16.264 99.900 18.494
202012 31.176 99.300 35.665
202103 8.783 99.900 9.988
202106 20.945 99.500 23.913
202109 21.717 100.100 24.646
202112 30.645 100.100 34.778
202203 13.995 101.100 15.726
202206 6.901 101.800 7.701
202209 11.003 103.100 12.124
202212 34.150 104.100 37.266
202303 62.615 104.400 68.133
202306 13.631 105.200 14.719
202309 7.324 106.200 7.835
202312 46.602 106.800 49.569
202403 21.401 107.200 22.679
202406 16.356 108.200 17.172
202409 23.382 108.900 24.392
202412 42.335 110.700 43.444
202503 14.136 111.100 14.454
202506 19.300 111.700 19.628
202509 12.904 112.000 13.088
202512 29.965 113.000 30.124
202603 18.965 112.700 19.116
202606 19.474 113.600 19.474

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 mean?
Nichiban Co (TSE:4218) has a E10 of 円 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nichiban Co and its competitors.
Is Nichiban Co's E10 too high?
Nichiban Co's current E10 is 円. Overall, Nichiban Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichiban Co's E10 compare to competitors?
Nichiban Co's E10 of 円 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Nichiban Co and its competitors. Nichiban Co's current E10 is 円. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichiban Co stock overvalued right now?
Based on GuruFocus' analysis, Nichiban Co (TSE:4218) is currently considered Fairly Valued. The stock's GF Value™ is 円2,048.50, compared to a current price of 円1,943.00 — trading 5.2% below its estimated fair value. The current E10 is 円. Nichiban Co's overall GF Score™ is 77/100 with 4 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 Nichiban Co (TSE:4218), the current E10 is 円 as of Jun. 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 Nichiban Co (TSE:4218) Overvalued in 2026?

Based on GuruFocus' analysis, Nichiban Co stock appears to be undervalued. The current stock price of 円1,943.00 is trading 5.2% below its estimated GF Value™ of 円2,048.50. GuruFocus considers Nichiban Co to be Fairly Valued.

Key valuation signals for TSE:4218:

  • E10:
  • GF Value™: 円2,048.50 vs. price of 円1,943.00 (5.2% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the TSE:4218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichiban Co Business Description

Address 2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663
Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.
77GF Score

Get the complete analysis for TSE:4218

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

円1,943.00
Price
円2,048.50
GF Value