NSD Co (TSE:9759) E10: 円111.53 (As of Mar. 2026)


TSE:9759 NSD Co Ltd TSE:9759
94 GF Score
Price 円2,550.50
GF Value 円3,769.71
Valuation Significantly Undervalued
! 1 Warning Sign
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What is NSD Co E10?

NSD Co TSE:9759 +3.89% 94 E10 is 円111.53 as of Mar. 2026. GuruFocus rates TSE:9759 with a GF Score™ of 94/100 and a GF Value™ of 円3,769.71 (Significantly Undervalued). 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.

NSD Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円52.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円111.53 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NSD Co's average E10 Growth Rate was 14.80% per year. During the past 3 years, the average E10 Growth Rate was 16.00% per year. During the past 5 years, the average E10 Growth Rate was 17.30% 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 NSD Co was 18.00% per year. The lowest was 10.50% per year. And the median was 16.35% per year.

As of today (2026-07-02), NSD Co's current stock price is 円2550.50. NSD Co's E10 for the quarter that ended in Mar. 2026 was 円111.53. NSD Co's Shiller PE Ratio of today is 22.87.

During the past 13 years, the highest Shiller PE Ratio of NSD Co was 47.02. The lowest was 21.61. And the median was 35.92.


NSD Co  (TSE:9759) 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.

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

Shiller PE Ratio=Share Price/E10
=2550.50/111.53
=22.87

* 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 NSD Co was 47.02. The lowest was 21.61. And the median was 35.92.


Be Aware

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


NSD Co E10 Related Terms


NSD Co E10 Historical Data

* Premium members only.

The historical data trend for NSD 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.

NSD Co E10 Chart

NSD 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 59.05 71.39 82.45 97.12 111.53

NSD 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 97.12 99.69 102.91 107.74 111.53

TSE:9759 vs UBER, SHOP, CRM: E10 Comparison

For the Software - Application subindustry, NSD 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.


NSD Co Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, NSD Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9759
94GF Score
NSD Co Ltd TSE:9759
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NSD 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, NSD 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)
=52.29/112.7000*112.7000
=52.290

Current CPI (Mar. 2026) = 112.7000.

NSD Co Quarterly Data

per share eps CPI Adj_EPS
201606 9.520 98.100 10.937
201609 12.890 98.000 14.824
201612 13.120 98.400 15.027
201703 17.365 98.100 19.949
201706 13.210 98.500 15.114
201709 14.025 98.800 15.998
201712 17.990 99.400 20.397
201803 18.150 99.200 20.620
201806 14.340 99.200 16.292
201809 16.055 99.900 18.112
201812 19.795 99.700 22.376
201903 19.460 99.700 21.997
201906 13.700 99.800 15.471
201909 20.660 100.100 23.261
201912 21.660 100.500 24.289
202003 22.180 100.300 24.922
202006 17.210 99.900 19.415
202009 18.920 99.900 21.344
202012 22.560 99.300 25.604
202103 21.390 99.900 24.131
202106 20.120 99.500 22.789
202109 24.150 100.100 27.190
202112 27.900 100.100 31.412
202203 27.190 101.100 30.310
202206 23.050 101.800 25.518
202209 44.510 103.100 48.654
202212 33.790 104.100 36.581
202303 30.950 104.400 33.411
202306 21.970 105.200 23.536
202309 35.250 106.200 37.407
202312 36.690 106.800 38.717
202403 39.370 107.200 41.390
202406 27.190 108.200 28.321
202409 36.490 108.900 37.763
202412 41.540 110.700 42.290
202503 48.390 111.100 49.087
202506 28.540 111.700 28.796
202509 41.680 112.000 41.941
202512 47.980 113.000 47.853
202603 52.290 112.700 52.290

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111.53 mean?
NSD Co (TSE:9759) has a E10 of 円111.53 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NSD Co and its competitors.
Is NSD Co's E10 too high?
NSD Co's current E10 is 円111.53. Overall, NSD Co has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NSD Co's E10 compare to UBER and SHOP?
NSD Co's E10 of 円111.53 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 NSD Co and its competitors. NSD Co's current E10 is 円111.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NSD Co stock overvalued right now?
Based on GuruFocus' analysis, NSD Co (TSE:9759) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,769.71, compared to a current price of 円2,550.50 — trading 32.3% below its estimated fair value. The current E10 is 円111.53. NSD Co's overall GF Score™ is 94/100 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 NSD Co (TSE:9759), the current E10 is 円111.53 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 NSD Co (TSE:9759) Overvalued in 2026?

Based on GuruFocus' analysis, NSD Co stock appears to be undervalued. The current stock price of 円2,550.50 is trading 32.3% below its estimated GF Value™ of 円3,769.71. GuruFocus considers NSD Co to be Significantly Undervalued.

Key valuation signals for TSE:9759:

  • E10: 円111.53
  • GF Value™: 円3,769.71 vs. price of 円2,550.50 (32.3% below fair value)
  • GF Score™: 94/100 with 1 warning sign

No single metric tells the full story. See the TSE:9759 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NSD Co Business Description

Address 2-101, Kanda-Awajicho, Chiyoda-ku, Tokyo, JPN, 101-0063
NSD Co Ltd is a Japan-based software company. It is engaged in the development of software, as well as the operation and management of computer labs and the provision of information processing services. The company's major service includes System Analysis and Design, Customized Development of Software Programs Administration of Facilities Management, Sales of Packaged Software and Solutions. NSD provides the IT systems support that is essential to its customers' development and growth. The company is active across such wide-ranging fields as financing, manufacturing, telecommunications, distribution and the public sector.
94GF Score

Get the complete analysis for TSE:9759

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

円2,550.50
Price
円3,769.71
GF Value