Nikken Kogaku Co (TSE:9767) E10: 円155.61 (As of Mar. 2026)

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TSE:9767 Nikken Kogaku Co Ltd TSE:9767
73 GF Score
Price 円1,587.00
GF Value 円1,577.18
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Nikken Kogaku Co E10?

Nikken Kogaku Co TSE:9767 -0.31% 73 E10 is 円155.61 as of Mar. 2026. GuruFocus rates TSE:9767 with a GF Score™ of 73/100 and a GF Value™ of 円1,577.18 (Fairly Valued). 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.

Nikken Kogaku Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円33.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円155.61 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -0.90% 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 Nikken Kogaku Co was 378.20% per year. The lowest was -0.90% per year. And the median was 19.80% per year.

As of today (2026-08-22), Nikken Kogaku Co's current stock price is 円1587.00. Nikken Kogaku Co's E10 for the quarter that ended in Mar. 2026 was 円155.61. Nikken Kogaku Co's Shiller PE Ratio of today is 10.20.

During the past 13 years, the highest Shiller PE Ratio of Nikken Kogaku Co was 635.62. The lowest was 7.96. And the median was 10.75.


Nikken Kogaku Co  (TSE:9767) 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.

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

Shiller PE Ratio=Share Price/E10
=1587.00/155.61
=10.20

* 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 Nikken Kogaku Co was 635.62. The lowest was 7.96. And the median was 10.75.


Be Aware

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


Nikken Kogaku Co E10 Related Terms


Nikken Kogaku Co E10 Historical Data

* Premium members only.

The historical data trend for Nikken Kogaku 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.

Nikken Kogaku Co E10 Chart

Nikken Kogaku 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 148.34 159.69 151.11 0.00 155.61

Nikken Kogaku Co 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 141.59 148.85 153.48 155.61 0.00

TSE:9767 vs TT, JCI, CARR: E10 Comparison

For the Building Products & Equipment subindustry, Nikken Kogaku 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.


Nikken Kogaku Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Nikken Kogaku Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9767
73GF Score
Nikken Kogaku Co Ltd TSE:9767
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikken Kogaku 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, Nikken Kogaku 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)
=33.16/112.7000*112.7000
=33.160

Current CPI (Mar. 2026) = 112.7000.

Nikken Kogaku Co Quarterly Data

per share eps CPI Adj_EPS
201603 3.900 97.900 4.490
201606 -13.000 98.100 -14.935
201609 -1.100 98.000 -1.265
201612 30.631 98.400 35.082
201703 16.700 98.100 19.185
201706 40.400 98.500 46.224
201709 -223.280 98.800 -254.693
201712 -6.170 99.400 -6.996
201803 28.380 99.200 32.242
201806 -48.540 99.200 -55.146
201809 -48.240 99.900 -54.421
201812 64.130 99.700 72.492
201903 81.750 99.700 92.409
201906 -82.000 99.800 -92.599
201909 49.501 100.100 55.732
201912 43.378 100.500 48.644
202003 32.496 100.300 36.513
202006 53.780 99.900 60.671
202009 163.976 99.900 184.986
202012 210.553 99.300 238.966
202103 127.569 99.900 143.914
202106 86.090 99.500 97.511
202109 84.933 100.100 95.624
202112 148.527 100.100 167.223
202203 43.406 101.100 48.386
202206 -26.810 101.800 -29.681
202209 45.449 103.100 49.681
202212 58.922 104.100 63.790
202303 76.300 104.400 82.366
202306 6.340 105.200 6.792
202309 38.495 106.200 40.851
202312 54.320 106.800 57.321
202403 56.980 107.200 59.903
202406 -7.050 108.200 -7.343
202409 37.860 108.900 39.181
202503 0.000 111.100 0.000
202506 1.410 111.700 1.423
202509 24.320 112.000 24.472
202512 95.330 113.000 95.077
202603 33.160 112.700 33.160

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155.61 mean?
Nikken Kogaku Co (TSE:9767) has a E10 of 円155.61 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nikken Kogaku Co and its competitors.
Is Nikken Kogaku Co's E10 too high?
Nikken Kogaku Co's current E10 is 円155.61. Overall, Nikken Kogaku Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's E10 compare to TT and JCI?
Nikken Kogaku Co's E10 of 円155.61 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Nikken Kogaku Co and its competitors. Nikken Kogaku Co's current E10 is 円155.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,577.18, compared to a current price of 円1,587.00 — trading 0.6% above its estimated fair value. The current E10 is 円155.61. Nikken Kogaku Co's overall GF Score™ is 73/100 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 Nikken Kogaku Co (TSE:9767), the current E10 is 円155.61 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?

Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be overvalued. The current stock price of 円1,587.00 is trading 0.6% above its estimated GF Value™ of 円1,577.18. GuruFocus considers Nikken Kogaku Co to be Fairly Valued.

Key valuation signals for TSE:9767:

  • E10: 円155.61
  • GF Value™: 円1,577.18 vs. price of 円1,587.00 (0.6% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikken Kogaku Co Business Description

Address 17th Floor, Nittochi Nishishinjuku Building, 6-10-1 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
73GF Score

Get the complete analysis for TSE:9767

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

円1,587.00
Price
円1,577.18
GF Value