Nippon Ski Resort Development Co (TSE:6040) E10: 円10.31 (As of Jan. 2026)

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TSE:6040 Nippon Ski Resort Development Co Ltd TSE:6040
74 GF Score
Price 円468.00
GF Value 円593.45
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Nippon Ski Resort Development Co E10?

Nippon Ski Resort Development Co TSE:6040 +1.74% 74 E10 is 円10.31 as of Jan. 2026. GuruFocus rates TSE:6040 with a GF Score™ of 74/100 and a GF Value™ of 円593.45 (Modestly Undervalued). 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.

Nippon Ski Resort Development Co's adjusted earnings per share data for the three months ended in Jan. 2026 was 円17.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円10.31 for the trailing ten years ended in Jan. 2026.

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.

As of today (2026-08-31), Nippon Ski Resort Development Co's current stock price is 円468.00. Nippon Ski Resort Development Co's E10 for the quarter that ended in Jan. 2026 was 円10.31. Nippon Ski Resort Development Co's Shiller PE Ratio of today is 45.39.

During the past 12 years, the highest Shiller PE Ratio of Nippon Ski Resort Development Co was 75.76. The lowest was 41.10. And the median was 48.88.


Nippon Ski Resort Development Co  (TSE:6040) 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 Ski Resort Development Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=468.00/10.31
=45.39

* 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 12 years, the highest Shiller P/E Ratio of Nippon Ski Resort Development Co was 75.76. The lowest was 41.10. And the median was 48.88.


Be Aware

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


Nippon Ski Resort Development Co E10 Related Terms


Nippon Ski Resort Development Co E10 Historical Data

* Premium members only.

The historical data trend for Nippon Ski Resort Development 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.

Nippon Ski Resort Development Co E10 Chart

Nippon Ski Resort Development Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 8.21

Nippon Ski Resort Development Co Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26
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 10.17 8.21 7.95 10.31

TSE:6040 vs LVS, MGM, WYNN: E10 Comparison

For the Resorts & Casinos subindustry, Nippon Ski Resort Development 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.


Nippon Ski Resort Development Co Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Ski Resort Development Co's Shiller PE Ratio falls into.


TSE:6040
74GF Score
Nippon Ski Resort Development Co Ltd TSE:6040
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Ski Resort Development 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, Nippon Ski Resort Development Co's adjusted earnings per share data for the three months ended in Jan. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=17.94/112.9000*112.9000
=17.940

Current CPI (Jan. 2026) = 112.9000.

Nippon Ski Resort Development Co Quarterly Data

per share eps CPI Adj_EPS
201601 1.133 97.700 1.309
201604 9.118 98.100 10.494
201607 -8.327 97.900 -9.603
201610 -6.065 98.600 -6.945
201701 7.275 98.200 8.364
201704 9.385 98.500 10.757
201707 -5.485 98.300 -6.300
201710 -4.487 98.800 -5.127
201801 7.483 99.500 8.491
201804 13.727 99.100 15.639
201807 -8.866 99.200 -10.090
201810 -3.803 100.200 -4.285
201901 6.209 99.700 7.031
201904 13.476 100.000 15.214
201907 -3.143 99.800 -3.556
201910 -0.190 100.400 -0.214
202001 7.675 100.500 8.622
202004 11.260 100.200 12.687
202007 -15.930 100.000 -17.985
202010 -1.373 99.800 -1.553
202101 -7.024 99.800 -7.946
202104 5.187 99.100 5.909
202107 -7.479 99.700 -8.469
202110 -4.530 99.900 -5.119
202201 1.847 100.300 2.079
202204 9.473 101.500 10.537
202207 -6.087 102.300 -6.718
202210 -0.787 103.700 -0.857
202301 9.445 104.700 10.185
202304 17.037 105.100 18.301
202307 -4.783 105.700 -5.109
202310 -1.707 107.100 -1.799
202401 12.411 106.900 13.108
202404 19.587 107.700 20.533
202407 -6.337 108.600 -6.588
202501 0.000 111.200 0.000
202504 24.780 111.500 25.091
202507 -7.120 111.900 -7.184
202510 -6.300 112.800 -6.306
202601 17.940 112.900 17.940

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10.31 mean?
Nippon Ski Resort Development Co (TSE:6040) has a E10 of 円10.31 as of Jan. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippon Ski Resort Development Co and its competitors.
Is Nippon Ski Resort Development Co's E10 too high?
Nippon Ski Resort Development Co's current E10 is 円10.31. Overall, Nippon Ski Resort Development Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ski Resort Development Co's E10 compare to LVS and MGM?
Nippon Ski Resort Development Co's E10 of 円10.31 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Ski Resort Development Co and its competitors. Nippon Ski Resort Development Co's current E10 is 円10.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ski Resort Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co (TSE:6040) is currently considered Modestly Undervalued. The stock's GF Value™ is 円593.45, compared to a current price of 円468.00 — trading 21.1% below its estimated fair value. The current E10 is 円10.31. Nippon Ski Resort Development Co's overall GF Score™ is 74/100 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 Nippon Ski Resort Development Co (TSE:6040), the current E10 is 円10.31 as of Jan. 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 Ski Resort Development Co (TSE:6040) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Ski Resort Development Co stock appears to be undervalued. The current stock price of 円468.00 is trading 21.1% below its estimated GF Value™ of 円593.45. GuruFocus considers Nippon Ski Resort Development Co to be Modestly Undervalued.

Key valuation signals for TSE:6040:

  • E10: 円10.31
  • GF Value™: 円593.45 vs. price of 円468.00 (21.1% below fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the TSE:6040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Ski Resort Development Co Business Description

Address 6329-1, Hokujo, Hakuba-mura Kitaazumi-gun, Nagano, JPN, 399-9301
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.
74GF Score

Get the complete analysis for TSE:6040

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

円468.00
Price
円593.45
GF Value