Nihon Kogyo Co (TSE:5279) E10: 円88.25 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:5279 Nihon Kogyo Co Ltd TSE:5279
64 GF Score
Price 円1,219.00
GF Value 円1,143.65
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Nihon Kogyo Co E10?

Nihon Kogyo Co TSE:5279 +0.25% 64 E10 is 円88.25 as of Mar. 2026. GuruFocus rates TSE:5279 with a GF Score™ of 64/100 and a GF Value™ of 円1,143.65 (Fairly Valued). The stock has 1 warning sign 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.

Nihon Kogyo Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円85.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円88.25 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 9.30% 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 Nihon Kogyo Co was 11.00% per year. The lowest was 3.40% per year. And the median was 7.75% per year.

As of today (2026-08-30), Nihon Kogyo Co's current stock price is 円1219.00. Nihon Kogyo Co's E10 for the quarter that ended in Mar. 2026 was 円88.25. Nihon Kogyo Co's Shiller PE Ratio of today is 13.81.

During the past 13 years, the highest Shiller PE Ratio of Nihon Kogyo Co was 21.99. The lowest was 9.25. And the median was 11.87.


Nihon Kogyo Co  (TSE:5279) 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.

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

Shiller PE Ratio=Share Price/E10
=1219.00/88.25
=13.81

* 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 Nihon Kogyo Co was 21.99. The lowest was 9.25. And the median was 11.87.


Be Aware

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


Nihon Kogyo Co E10 Related Terms


Nihon Kogyo Co E10 Historical Data

* Premium members only.

The historical data trend for Nihon Kogyo 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.

Nihon Kogyo Co E10 Chart

Nihon Kogyo 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 61.84 67.53 73.18 0.00 88.25

Nihon Kogyo Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 69.98 73.04 83.14 88.25 0.00

TSE:5279 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Nihon Kogyo 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.


Nihon Kogyo Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Nihon Kogyo Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:5279
64GF Score
Nihon Kogyo Co Ltd TSE:5279
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Kogyo 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, Nihon Kogyo 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)
=85.64/112.7000*112.7000
=85.640

Current CPI (Mar. 2026) = 112.7000.

Nihon Kogyo Co Quarterly Data

per share eps CPI Adj_EPS
201603 17.200 97.900 19.800
201606 -11.850 98.100 -13.614
201609 -4.880 98.000 -5.612
201612 17.431 98.400 19.964
201703 34.339 98.100 39.450
201706 -14.890 98.500 -17.037
201709 -18.210 98.800 -20.772
201712 25.940 99.400 29.411
201803 57.926 99.200 65.809
201806 -22.410 99.200 -25.460
201809 -8.430 99.900 -9.510
201812 26.906 99.700 30.414
201903 45.924 99.700 51.912
201906 -14.490 99.800 -16.363
201909 42.479 100.100 47.826
201912 35.497 100.500 39.806
202003 30.000 100.300 33.709
202006 10.330 99.900 11.654
202009 -6.437 99.900 -7.262
202012 48.387 99.300 54.917
202103 60.666 99.900 68.439
202106 16.010 99.500 18.134
202109 3.711 100.100 4.178
202112 37.060 100.100 41.725
202203 37.537 101.100 41.844
202206 -3.030 101.800 -3.354
202209 -5.754 103.100 -6.290
202212 51.940 104.100 56.231
202303 25.444 104.400 27.467
202306 4.950 105.200 5.303
202309 6.350 106.200 6.739
202312 20.405 106.800 21.532
202403 70.220 107.200 73.823
202406 -16.630 108.200 -17.322
202409 -5.260 108.900 -5.444
202503 0.000 111.100 0.000
202506 9.650 111.700 9.736
202509 16.110 112.000 16.211
202512 87.080 113.000 86.849
202603 85.640 112.700 85.640

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88.25 mean?
Nihon Kogyo Co (TSE:5279) has a E10 of 円88.25 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nihon Kogyo Co and its competitors.
Is Nihon Kogyo Co's E10 too high?
Nihon Kogyo Co's current E10 is 円88.25. Overall, Nihon Kogyo Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kogyo Co's E10 compare to PWR and FIX?
Nihon Kogyo Co's E10 of 円88.25 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Nihon Kogyo Co and its competitors. Nihon Kogyo Co's current E10 is 円88.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kogyo Co (TSE:5279) is currently considered Fairly Valued. The stock's GF Value™ is 円1,143.65, compared to a current price of 円1,219.00 — trading 6.6% above its estimated fair value. The current E10 is 円88.25. Nihon Kogyo Co's overall GF Score™ is 64/100 with 1 warning sign 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 Nihon Kogyo Co (TSE:5279), the current E10 is 円88.25 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 Nihon Kogyo Co (TSE:5279) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Kogyo Co stock appears to be overvalued. The current stock price of 円1,219.00 is trading 6.6% above its estimated GF Value™ of 円1,143.65. GuruFocus considers Nihon Kogyo Co to be Fairly Valued.

Key valuation signals for TSE:5279:

  • E10: 円88.25
  • GF Value™: 円1,143.65 vs. price of 円1,219.00 (6.6% above fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the TSE:5279 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Kogyo Co Business Description

Address 4614-13 Shido, Sanuki, JPN
Nihon Kogyo Co Ltd Is engaged in production and construction of construction concrete products, manufacture and sale of exterior products, manufacture and sale of products for public space, and civil works. The products of the company include pavement material, nail polish material, plants furniture, and disaster prevention items.
64GF Score

Get the complete analysis for TSE:5279

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

円1,219.00
Price
円1,143.65
GF Value