North Pacific Bank (TSE:8524) E10: 円39.72 (As of Mar. 2026)


TSE:8524 North Pacific Bank Ltd TSE:8524
63 GF Score
Price 円1,105.00
GF Value 円781.65
Valuation Significantly Overvalued
! 6 Warning Signs
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What is North Pacific Bank E10?

North Pacific Bank TSE:8524 -1.25% 63 E10 is 円39.72 as of Mar. 2026. GuruFocus rates TSE:8524 with a GF Score™ of 63/100 and a GF Value™ of 円781.65 (Significantly Overvalued). The stock has 6 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.

North Pacific Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was 円13.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円39.72 for the trailing ten years ended in Mar. 2026.

During the past 12 months, North Pacific Bank's average E10 Growth Rate was 5.80% per year. During the past 3 years, the average E10 Growth Rate was -7.80% 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 North Pacific Bank was -7.80% per year. The lowest was -10.20% per year. And the median was -9.00% per year.

As of today (2026-06-30), North Pacific Bank's current stock price is 円1105.00. North Pacific Bank's E10 for the quarter that ended in Mar. 2026 was 円39.72. North Pacific Bank's Shiller PE Ratio of today is 27.82.

During the past 13 years, the highest Shiller PE Ratio of North Pacific Bank was 28.17. The lowest was 4.17. And the median was 11.96.


North Pacific Bank  (TSE:8524) 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.

North Pacific Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1105.00/39.72
=27.82

* 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 North Pacific Bank was 28.17. The lowest was 4.17. And the median was 11.96.


Be Aware

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


North Pacific Bank E10 Related Terms


North Pacific Bank E10 Historical Data

* Premium members only.

The historical data trend for North Pacific Bank'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.

North Pacific Bank E10 Chart

North Pacific Bank 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 51.86 50.66 35.30 37.53 39.72

North Pacific Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 37.53 37.58 38.24 39.59 39.72

North Pacific Bank E10 Competitor Comparison

For the Banks - Regional subindustry, North Pacific Bank'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.


North Pacific Bank Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, North Pacific Bank's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where North Pacific Bank's Shiller PE Ratio falls into.


TSE:8524
63GF Score
North Pacific Bank Ltd TSE:8524
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Pacific Bank 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, North Pacific Bank'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)
=13.83/112.7000*112.7000
=13.830

Current CPI (Mar. 2026) = 112.7000.

North Pacific Bank Quarterly Data

per share eps CPI Adj_EPS
201606 12.060 98.100 13.855
201609 14.680 98.000 16.882
201612 10.590 98.400 12.129
201703 4.520 98.100 5.193
201706 6.950 98.500 7.952
201709 16.820 98.800 19.186
201712 10.610 99.400 12.030
201803 -0.110 99.200 -0.125
201806 8.070 99.200 9.168
201809 9.720 99.900 10.965
201812 8.720 99.700 9.857
201903 9.270 99.700 10.479
201906 3.230 99.800 3.648
201909 9.730 100.100 10.955
201912 5.260 100.500 5.899
202003 1.160 100.300 1.303
202006 10.860 99.900 12.251
202009 5.900 99.900 6.656
202012 6.180 99.300 7.014
202103 1.290 99.900 1.455
202106 11.200 99.500 12.686
202109 4.810 100.100 5.415
202112 11.880 100.100 13.375
202203 2.360 101.100 2.631
202206 13.550 101.800 15.001
202209 5.900 103.100 6.449
202212 8.310 104.100 8.997
202303 -2.750 104.400 -2.969
202306 8.380 105.200 8.977
202309 8.860 106.200 9.402
202312 8.780 106.800 9.265
202403 7.300 107.200 7.675
202406 13.686 108.200 14.255
202409 8.364 108.900 8.656
202412 10.810 110.700 11.005
202503 21.050 111.100 21.353
202506 15.690 111.700 15.830
202509 17.700 112.000 17.811
202512 20.820 113.000 20.765
202603 13.830 112.700 13.830

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39.72 mean?
North Pacific Bank (TSE:8524) has a E10 of 円39.72 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on North Pacific Bank and its competitors.
Is North Pacific Bank's E10 too high?
North Pacific Bank's current E10 is 円39.72. Overall, North Pacific Bank has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Pacific Bank's E10 compare to competitors?
North Pacific Bank's E10 of 円39.72 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 North Pacific Bank and its competitors. North Pacific Bank's current E10 is 円39.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Pacific Bank stock overvalued right now?
Based on GuruFocus' analysis, North Pacific Bank (TSE:8524) is currently considered Significantly Overvalued. The stock's GF Value™ is 円781.65, compared to a current price of 円1,105.00 — trading 41.4% above its estimated fair value. The current E10 is 円39.72. North Pacific Bank's overall GF Score™ is 63/100 with 6 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 North Pacific Bank (TSE:8524), the current E10 is 円39.72 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 North Pacific Bank (TSE:8524) Overvalued in 2026?

Based on GuruFocus' analysis, North Pacific Bank stock appears to be overvalued. The current stock price of 円1,105.00 is trading 41.4% above its estimated GF Value™ of 円781.65. GuruFocus considers North Pacific Bank to be Significantly Overvalued.

Key valuation signals for TSE:8524:

  • E10: 円39.72
  • GF Value™: 円781.65 vs. price of 円1,105.00 (41.4% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the TSE:8524 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Pacific Bank Business Description

Address 7, Odori Nishi 3-chome, Chuo-Ku, Sapporo, JPN, 060-8661
North Pacific Bank Ltd is engaged in the provision of banking products and services. The firm offers time deposit, reserve deposit, government/ public bonds, asset management support services, smartphone-based services, including real-time updates on account balances and transactions, including deposits and withdrawals, along with cashless payment based on QR codes.
63GF Score

Get the complete analysis for TSE:8524

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

円1,105.00
Price
円781.65
GF Value