Nitta Gelatin (TSE:4977) E10: 円 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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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:4977 Nitta Gelatin Inc TSE:4977
76 GF Score
Price 円1,191.00
GF Value 円808.74
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nitta Gelatin E10?

Nitta Gelatin TSE:4977 -0.17% 76 E10 is 円 as of Jun. 2026. GuruFocus rates TSE:4977 with a GF Score™ of 76/100 and a GF Value™ of 円808.74 (Significantly Overvalued). 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.

Nitta Gelatin's adjusted earnings per share data for the three months ended in Jun. 2026 was 円37.885. 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 3 years, the average E10 Growth Rate was 2.20% 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 Nitta Gelatin was 2.20% per year. The lowest was 2.20% per year. And the median was 2.20% per year.

As of today (2026-09-22), Nitta Gelatin's current stock price is 円1191.00. Nitta Gelatin's E10 for the quarter that ended in Jun. 2026 was . Nitta Gelatin's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Nitta Gelatin was 59.10. The lowest was 17.51. And the median was 29.25.


Nitta Gelatin  (TSE:4977) 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 Nitta Gelatin was 59.10. The lowest was 17.51. And the median was 29.25.


Be Aware

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


Nitta Gelatin E10 Related Terms


Nitta Gelatin E10 Historical Data

* Premium members only.

The historical data trend for Nitta Gelatin'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.

Nitta Gelatin E10 Chart

Nitta Gelatin Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
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Nitta Gelatin 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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TSE:4977 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Nitta Gelatin'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.


Nitta Gelatin Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitta Gelatin's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nitta Gelatin's Shiller PE Ratio falls into.


TSE:4977
76GF Score
Nitta Gelatin Inc TSE:4977
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitta Gelatin 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, Nitta Gelatin'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)
=37.8848/113.6000*113.6000
=37.885

Current CPI (Jun. 2026) = 113.6000.

Nitta Gelatin Quarterly Data

per share eps CPI Adj_EPS
201609 12.518 98.000 14.510
201612 13.933 98.400 16.085
201703 1.742 98.100 2.017
201706 12.736 98.500 14.688
201709 5.987 98.800 6.884
201712 10.014 99.400 11.445
201803 -62.208 99.200 -71.238
201806 2.612 99.200 2.992
201809 66.562 99.900 75.690
201812 -16.056 99.700 -18.294
201903 1.796 99.700 2.046
201906 13.770 99.800 15.674
201909 21.825 100.100 24.768
201912 -75.488 100.500 -85.328
202003 2.123 100.300 2.404
202006 11.660 99.900 13.259
202009 7.690 99.900 8.745
202012 13.776 99.300 15.760
202103 7.856 99.900 8.934
202106 11.785 99.500 13.455
202109 8.892 100.100 10.092
202112 13.698 100.100 15.545
202203 5.744 101.100 6.454
202206 30.102 101.800 33.591
202209 20.200 103.100 22.257
202212 -0.938 104.100 -1.023
202303 36.618 104.400 39.845
202306 13.677 105.200 14.769
202309 24.370 106.200 26.068
202312 -126.652 106.800 -134.716
202403 -13.216 107.200 -14.005
202406 33.921 108.200 35.614
202409 11.229 108.900 11.713
202412 58.125 110.700 59.648
202503 70.620 111.100 72.209
202506 34.402 111.700 34.987
202509 87.424 112.000 88.673
202512 31.505 113.000 31.672
202603 27.189 112.700 27.406
202606 37.885 113.600 37.885

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?
Nitta Gelatin (TSE:4977) 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 Nitta Gelatin and its competitors.
Is Nitta Gelatin's E10 too high?
Nitta Gelatin's current E10 is 円. Overall, Nitta Gelatin has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitta Gelatin's E10 compare to LIN and SHW?
Nitta Gelatin's E10 of 円 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Nitta Gelatin and its competitors. Nitta Gelatin'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 Nitta Gelatin stock overvalued right now?
Based on GuruFocus' analysis, Nitta Gelatin (TSE:4977) is currently considered Significantly Overvalued. The stock's GF Value™ is 円808.74, compared to a current price of 円1,191.00 — trading 47.3% above its estimated fair value. The current E10 is 円. Nitta Gelatin's overall GF Score™ is 76/100 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 Nitta Gelatin (TSE:4977), 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 Nitta Gelatin (TSE:4977) Overvalued in 2026?

Based on GuruFocus' analysis, Nitta Gelatin stock appears to be overvalued. The current stock price of 円1,191.00 is trading 47.3% above its estimated GF Value™ of 円808.74. GuruFocus considers Nitta Gelatin to be Significantly Overvalued.

Key valuation signals for TSE:4977:

  • E10:
  • GF Value™: 円808.74 vs. price of 円1,191.00 (47.3% above fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the TSE:4977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitta Gelatin Business Description

Address 4-4-26 Sakuragawa, Naniwa-ku, Osaka, JPN, 556-0022
Nitta Gelatin Inc is a manufacturer of gelatin products. It manufactures and sells gelatin, collagen peptides, collagen casing, collagen, and other products made from animal bones and skin or fish scales and skin.
76GF Score

Get the complete analysis for TSE:4977

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

円1,191.00
Price
円808.74
GF Value