Nagoya Railroad Co (TSE:9048) E10: 円98.41 (As of Mar. 2026)

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TSE:9048 Nagoya Railroad Co Ltd TSE:9048
75 GF Score
Price 円1,905.50
GF Value 円1,844.16
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Nagoya Railroad Co E10?

Nagoya Railroad Co TSE:9048 +2.14% 75 E10 is 円98.41 as of Mar. 2026. GuruFocus rates TSE:9048 with a GF Score™ of 75/100 and a GF Value™ of 円1,844.16 (Fairly Valued). The stock has 5 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.

Nagoya Railroad Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円2.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円98.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nagoya Railroad Co's average E10 Growth Rate was -1.50% per year. During the past 3 years, the average E10 Growth Rate was 4.70% per year. During the past 5 years, the average E10 Growth Rate was 4.50% 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 Nagoya Railroad Co was 6.90% per year. The lowest was -6.00% per year. And the median was 1.15% per year.

As of today (2026-07-14), Nagoya Railroad Co's current stock price is 円1905.50. Nagoya Railroad Co's E10 for the quarter that ended in Mar. 2026 was 円98.41. Nagoya Railroad Co's Shiller PE Ratio of today is 19.36.

During the past 13 years, the highest Shiller PE Ratio of Nagoya Railroad Co was 35.99. The lowest was 15.81. And the median was 26.29.


Nagoya Railroad Co  (TSE:9048) 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.

Nagoya Railroad Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1905.50/98.41
=19.36

* 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 Nagoya Railroad Co was 35.99. The lowest was 15.81. And the median was 26.29.


Be Aware

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


Nagoya Railroad Co E10 Related Terms


Nagoya Railroad Co E10 Historical Data

* Premium members only.

The historical data trend for Nagoya Railroad 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.

Nagoya Railroad Co E10 Chart

Nagoya Railroad 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 81.79 85.63 90.39 99.92 98.41

Nagoya Railroad Co 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 99.92 99.81 100.22 101.29 98.41

TSE:9048 vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, Nagoya Railroad 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.


Nagoya Railroad Co Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nagoya Railroad Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9048
75GF Score
Nagoya Railroad Co Ltd TSE:9048
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nagoya Railroad 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, Nagoya Railroad 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)
=2.98/112.7000*112.7000
=2.980

Current CPI (Mar. 2026) = 112.7000.

Nagoya Railroad Co Quarterly Data

per share eps CPI Adj_EPS
201606 40.650 98.100 46.700
201609 31.460 98.000 36.179
201612 35.710 98.400 40.900
201703 3.490 98.100 4.009
201706 39.250 98.500 44.908
201709 40.920 98.800 46.677
201712 41.290 99.400 46.815
201803 14.850 99.200 16.871
201806 36.050 99.200 40.956
201809 39.930 99.900 45.046
201812 49.870 99.700 56.373
201903 18.860 99.700 21.319
201906 43.750 99.800 49.405
201909 48.220 100.100 54.290
201912 43.570 100.500 48.859
202003 1.670 100.300 1.876
202006 -38.760 99.900 -43.726
202009 -24.320 99.900 -27.436
202012 18.224 99.300 20.683
202103 -101.444 99.900 -114.442
202106 -4.350 99.500 -4.927
202109 9.509 100.100 10.706
202112 34.140 100.100 38.437
202203 5.560 101.100 6.198
202206 15.150 101.800 16.772
202209 21.680 103.100 23.699
202212 38.760 104.100 41.962
202303 14.030 104.400 15.145
202306 34.440 105.200 36.895
202309 13.010 106.200 13.806
202312 54.920 106.800 57.954
202403 13.640 107.200 14.340
202406 49.040 108.200 51.080
202409 47.200 108.900 48.847
202412 49.100 110.700 49.987
202503 22.350 111.100 22.672
202506 30.540 111.700 30.813
202509 20.500 112.000 20.628
202512 49.980 113.000 49.847
202603 2.980 112.700 2.980

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98.41 mean?
Nagoya Railroad Co (TSE:9048) has a E10 of 円98.41 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nagoya Railroad Co and its competitors.
Is Nagoya Railroad Co's E10 too high?
Nagoya Railroad Co's current E10 is 円98.41. Overall, Nagoya Railroad Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nagoya Railroad Co's E10 compare to HON and MMM?
Nagoya Railroad Co's E10 of 円98.41 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Nagoya Railroad Co and its competitors. Nagoya Railroad Co's current E10 is 円98.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagoya Railroad Co stock overvalued right now?
Based on GuruFocus' analysis, Nagoya Railroad Co (TSE:9048) is currently considered Fairly Valued. The stock's GF Value™ is 円1,844.16, compared to a current price of 円1,905.50 — trading 3.3% above its estimated fair value. The current E10 is 円98.41. Nagoya Railroad Co's overall GF Score™ is 75/100 with 5 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 Nagoya Railroad Co (TSE:9048), the current E10 is 円98.41 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 Nagoya Railroad Co (TSE:9048) Overvalued in 2026?

Based on GuruFocus' analysis, Nagoya Railroad Co stock appears to be overvalued. The current stock price of 円1,905.50 is trading 3.3% above its estimated GF Value™ of 円1,844.16. GuruFocus considers Nagoya Railroad Co to be Fairly Valued.

Key valuation signals for TSE:9048:

  • E10: 円98.41
  • GF Value™: 円1,844.16 vs. price of 円1,905.50 (3.3% above fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the TSE:9048 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nagoya Railroad Co Business Description

Other Exchanges 9048:Japan
Address 1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501
Nagoya Railroad Co Ltd is mainly engaged in the provision of transportation services. The company operates through six segments. The Aviation-related Services segment includes airline operations and in-flight meal services. The Distribution segment covers department stores, petroleum sales, and product distribution. The Leisure and Service segment manages hotels, restaurants, tourist facilities, and travel operations. The Real Estate segment handles property sales, leasing, and management. The Transport segment involves trucking and shipping. The Transportation segment covers trains, buses, and taxis. The company generates the majority of its revenue from the Transport business.
75GF Score

Get the complete analysis for TSE:9048

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

円1,905.50
Price
円1,844.16
GF Value