Nikkato (TSE:5367) E10: 円57.01 (As of Mar. 2026)


TSE:5367 Nikkato Corp TSE:5367
58 GF Score
Price 円1,355.00
GF Value 円634.86
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Nikkato E10?

Nikkato TSE:5367 -0.15% 58 E10 is 円57.01 as of Mar. 2026. GuruFocus rates TSE:5367 with a GF Score™ of 58/100 and a GF Value™ of 円634.86 (Significantly Overvalued). 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.

Nikkato's adjusted earnings per share data for the three months ended in Mar. 2026 was 円19.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円57.01 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nikkato's average E10 Growth Rate was 5.90% per year. During the past 3 years, the average E10 Growth Rate was 8.20% per year. During the past 5 years, the average E10 Growth Rate was 9.70% 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 Nikkato was 11.40% per year. The lowest was 2.00% per year. And the median was 8.20% per year.

As of today (2026-07-05), Nikkato's current stock price is 円1355.00. Nikkato's E10 for the quarter that ended in Mar. 2026 was 円57.01. Nikkato's Shiller PE Ratio of today is 23.77.

During the past 13 years, the highest Shiller PE Ratio of Nikkato was 37.72. The lowest was 8.90. And the median was 13.84.


Nikkato  (TSE:5367) 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.

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

Shiller PE Ratio=Share Price/E10
=1355.00/57.01
=23.77

* 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 Nikkato was 37.72. The lowest was 8.90. And the median was 13.84.


Be Aware

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


Nikkato E10 Related Terms


Nikkato E10 Historical Data

* Premium members only.

The historical data trend for Nikkato'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.

Nikkato E10 Chart

Nikkato 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 38.95 45.01 50.35 53.83 57.01

Nikkato Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 53.83 53.96 54.92 56.10 57.01

TSE:5367 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Nikkato'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.


Nikkato Shiller PE Ratio vs Industrial Products Industry

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

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


TSE:5367
58GF Score
Nikkato Corp TSE:5367
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikkato 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, Nikkato'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)
=19.47/112.7000*112.7000
=19.470

Current CPI (Mar. 2026) = 112.7000.

Nikkato Quarterly Data

per share eps CPI Adj_EPS
201603 8.623 97.900 9.927
201606 7.710 98.100 8.857
201609 11.793 98.000 13.562
201612 10.570 98.400 12.106
201703 9.933 98.100 11.411
201706 11.880 98.500 13.593
201709 14.830 98.800 16.916
201712 20.020 99.400 22.699
201803 16.268 99.200 18.482
201806 17.980 99.200 20.427
201809 19.500 99.900 21.998
201812 18.784 99.700 21.233
201903 10.040 99.700 11.349
201906 18.230 99.800 20.586
201909 13.219 100.100 14.883
201912 2.093 100.500 2.347
202003 3.400 100.300 3.820
202006 2.820 99.900 3.181
202009 8.350 99.900 9.420
202012 0.740 99.300 0.840
202103 11.090 99.900 12.511
202106 17.780 99.500 20.139
202109 15.230 100.100 17.147
202112 13.269 100.100 14.939
202203 10.009 101.100 11.157
202206 18.270 101.800 20.226
202209 14.920 103.100 16.309
202212 20.459 104.100 22.149
202303 16.337 104.400 17.636
202306 15.800 105.200 16.926
202309 14.620 106.200 15.515
202312 9.928 106.800 10.476
202403 18.457 107.200 19.404
202409 0.000 108.900 0.000
202412 13.580 110.700 13.825
202503 4.740 111.100 4.808
202506 10.210 111.700 10.301
202509 18.530 112.000 18.646
202512 16.690 113.000 16.646
202603 19.470 112.700 19.470

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57.01 mean?
Nikkato (TSE:5367) has a E10 of 円57.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nikkato and its competitors.
Is Nikkato's E10 too high?
Nikkato's current E10 is 円57.01. Overall, Nikkato has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikkato's E10 compare to GEV and ETN?
Nikkato's E10 of 円57.01 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 Nikkato and its competitors. Nikkato's current E10 is 円57.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikkato stock overvalued right now?
Based on GuruFocus' analysis, Nikkato (TSE:5367) is currently considered Significantly Overvalued. The stock's GF Value™ is 円634.86, compared to a current price of 円1,355.00 — trading 113.4% above its estimated fair value. The current E10 is 円57.01. Nikkato's overall GF Score™ is 58/100 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 Nikkato (TSE:5367), the current E10 is 円57.01 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 Nikkato (TSE:5367) Overvalued in 2026?

Based on GuruFocus' analysis, Nikkato stock appears to be overvalued. The current stock price of 円1,355.00 is trading 113.4% above its estimated GF Value™ of 円634.86. GuruFocus considers Nikkato to be Significantly Overvalued.

Key valuation signals for TSE:5367:

  • E10: 円57.01
  • GF Value™: 円634.86 vs. price of 円1,355.00 (113.4% above fair value)
  • GF Score™: 58/100 with 1 warning sign

No single metric tells the full story. See the TSE:5367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikkato Business Description

Address 3-2-24, Oriono-cho, Sakai-shi, Sakai-ku, Osaka, JPN, 590-0001
Nikkato Corp engages in the manufacture and sale of ceramics for industrial and laboratory use; measurement and control equipment; and various kinds of electric furnaces. The Ceramics products include functional ceramics, including thermal heating elements, oxygen sensors and ceramics filters; abrasion-resistant ceramics, including ball mills and crushing balls and components; heat-resistant ceramics, core tubes, transportation rollers and heat-treatment equipment and instruments; as well as physical and chemical ceramics, including evaporating dishes, crucibles and ceramics for experimental purposes. The firm also purchases and sells heating systems, including electric furnaces, vacuum furnaces and thermal treatment equipment; measuring systems, as well as measurement controllers.
58GF Score

Get the complete analysis for TSE:5367

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

円1,355.00
Price
円634.86
GF Value