Nippi (TSE:7932) E10: 円685.18 (As of Mar. 2026)

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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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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:7932 Nippi Inc TSE:7932
63 GF Score
Price 円11,450.00
GF Value 円5,707.53
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Nippi E10?

Nippi TSE:7932 -1.38% 63 E10 is 円685.18 as of Mar. 2026. GuruFocus rates TSE:7932 with a GF Score™ of 63/100 and a GF Value™ of 円5,707.53 (Significantly Overvalued). The stock has 3 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.

Nippi's adjusted earnings per share data for the three months ended in Mar. 2026 was 円325.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円685.18 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 10.80% 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 Nippi was 10.80% per year. The lowest was 0.80% per year. And the median was 5.60% per year.

As of today (2026-09-12), Nippi's current stock price is 円11450.00. Nippi's E10 for the quarter that ended in Mar. 2026 was 円685.18. Nippi's Shiller PE Ratio of today is 16.71.

During the past 13 years, the highest Shiller PE Ratio of Nippi was 21.95. The lowest was 5.63. And the median was 7.78.


Nippi  (TSE:7932) 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.

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

Shiller PE Ratio=Share Price/E10
=11450.00/685.18
=16.71

* 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 Nippi was 21.95. The lowest was 5.63. And the median was 7.78.


Be Aware

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


Nippi E10 Related Terms


Nippi E10 Historical Data

* Premium members only.

The historical data trend for Nippi'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.

Nippi E10 Chart

Nippi 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 508.61 503.11 575.89 0.00 685.18

Nippi 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 646.61 652.86 667.07 685.18 0.00

TSE:7932 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Nippi'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.


Nippi Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nippi's Shiller PE Ratio distribution charts can be found below:

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


TSE:7932
63GF Score
Nippi Inc TSE:7932
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippi 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, Nippi'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)
=325.2/112.7000*112.7000
=325.200

Current CPI (Mar. 2026) = 112.7000.

Nippi Quarterly Data

per share eps CPI Adj_EPS
201603 85.650 97.900 98.598
201606 180.350 98.100 207.191
201609 307.020 98.000 353.073
201612 162.296 98.400 185.882
201703 8.689 98.100 9.982
201706 166.290 98.500 190.263
201709 103.530 98.800 118.095
201712 112.614 99.400 127.682
201803 -52.550 99.200 -59.701
201806 66.580 99.200 75.641
201809 -21.554 99.900 -24.316
201812 45.030 99.700 50.902
201903 -30.310 99.700 -34.262
201906 131.590 99.800 148.599
201909 128.629 100.100 144.820
201912 56.250 100.500 63.078
202003 125.400 100.300 140.903
202006 1,353.220 99.900 1,526.606
202009 82.399 99.900 92.957
202012 38.244 99.300 43.405
202103 -6.954 99.900 -7.845
202106 141.700 99.500 160.498
202109 98.580 100.100 110.989
202112 62.933 100.100 70.855
202203 94.560 101.100 105.410
202206 147.830 101.800 163.659
202209 141.166 103.100 154.310
202212 -10.431 104.100 -11.293
202303 127.954 104.400 138.127
202306 207.520 105.200 222.315
202309 271.510 106.200 288.128
202312 142.740 106.800 150.625
202403 264.269 107.200 277.828
202406 260.100 108.200 270.917
202409 125.530 108.900 129.910
202503 0.000 111.100 0.000
202506 316.960 111.700 319.798
202509 153.190 112.000 154.147
202512 198.100 113.000 197.574
202603 325.200 112.700 325.200

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685.18 mean?
Nippi (TSE:7932) has a E10 of 円685.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nippi and its competitors.
Is Nippi's E10 too high?
Nippi's current E10 is 円685.18. Overall, Nippi has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippi's E10 compare to NKE and DECK?
Nippi's E10 of 円685.18 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Nippi and its competitors. Nippi's current E10 is 円685.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippi stock overvalued right now?
Based on GuruFocus' analysis, Nippi (TSE:7932) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,707.53, compared to a current price of 円11,450.00 — trading 100.6% above its estimated fair value. The current E10 is 円685.18. Nippi's overall GF Score™ is 63/100 with 3 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 Nippi (TSE:7932), the current E10 is 円685.18 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 Nippi (TSE:7932) Overvalued in 2026?

Based on GuruFocus' analysis, Nippi stock appears to be overvalued. The current stock price of 円11,450.00 is trading 100.6% above its estimated GF Value™ of 円5,707.53. GuruFocus considers Nippi to be Significantly Overvalued.

Key valuation signals for TSE:7932:

  • E10: 円685.18
  • GF Value™: 円5,707.53 vs. price of 円11,450.00 (100.6% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the TSE:7932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippi Business Description

Address 1-1-1 Senju Midori-cho, Adachi, Tokyo, JPN, 1208601
Nippi Inc is engaged in the manufacturing and selling of Leather Products in Japan. It also Manufactures and Sale Collagen Casing for Sausages, Gelatin & Collagen Peptide for food, Pharmaceutical, Industrial, and Photographic use, Cosmetics and Health Foods with Collagen.
63GF Score

Get the complete analysis for TSE:7932

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

円11,450.00
Price
円5,707.53
GF Value