Nac Co (TSE:9788) E10: 円26.78 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:9788 Nac Co Ltd TSE:9788
69 GF Score
Price 円533.00
GF Value 円588.40
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Nac Co E10?

Nac Co TSE:9788 +0.57% 69 E10 is 円26.78 as of Mar. 2026. GuruFocus rates TSE:9788 with a GF Score™ of 69/100 and a GF Value™ of 円588.40 (Fairly Valued). 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.

Nac Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円19.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円26.78 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 2.80% 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 Nac Co was 2.80% per year. The lowest was -12.80% per year. And the median was -7.60% per year.

As of today (2026-07-25), Nac Co's current stock price is 円533.00. Nac Co's E10 for the quarter that ended in Mar. 2026 was 円26.78. Nac Co's Shiller PE Ratio of today is 19.90.

During the past 13 years, the highest Shiller PE Ratio of Nac Co was 31.03. The lowest was 10.77. And the median was 16.76.


Nac Co  (TSE:9788) 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.

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

Shiller PE Ratio=Share Price/E10
=533.00/26.78
=19.90

* 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 Nac Co was 31.03. The lowest was 10.77. And the median was 16.76.


Be Aware

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


Nac Co E10 Related Terms


Nac Co E10 Historical Data

* Premium members only.

The historical data trend for Nac 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.

Nac Co E10 Chart

Nac 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 27.52 24.62 19.21 0.00 26.78

Nac Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.00 21.26 19.98 25.67 26.78

TSE:9788 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Nac 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.


Nac Co Shiller PE Ratio vs Construction Industry

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

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


TSE:9788
69GF Score
Nac Co Ltd TSE:9788
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nac 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, Nac 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)
=19.45/112.7000*112.7000
=19.450

Current CPI (Mar. 2026) = 112.7000.

Nac Co Quarterly Data

per share eps CPI Adj_EPS
201512 -3.128 98.100 -3.594
201603 37.471 97.900 43.136
201606 -41.515 98.100 -47.694
201609 -12.010 98.000 -13.812
201612 11.830 98.400 13.549
201703 54.020 98.100 62.060
201706 -43.520 98.500 -49.794
201709 0.953 98.800 1.087
201712 11.522 99.400 13.064
201803 1.427 99.200 1.621
201806 -32.880 99.200 -37.355
201809 2.388 99.900 2.694
201812 12.541 99.700 14.176
201903 27.560 99.700 31.154
201906 -30.245 99.800 -34.154
201909 14.617 100.100 16.457
201912 3.020 100.500 3.387
202003 24.056 100.300 27.030
202006 11.890 99.900 13.413
202009 13.765 99.900 15.529
202012 5.865 99.300 6.656
202103 9.484 99.900 10.699
202106 1.555 99.500 1.761
202109 12.130 100.100 13.657
202112 12.040 100.100 13.556
202203 12.360 101.100 13.778
202206 -5.800 101.800 -6.421
202209 11.452 103.100 12.518
202212 13.079 104.100 14.159
202303 25.868 104.400 27.925
202306 -5.555 105.200 -5.951
202309 12.015 106.200 12.750
202312 12.643 106.800 13.341
202403 14.223 107.200 14.953
202409 0.000 108.900 0.000
202503 0.000 111.100 0.000
202506 -0.620 111.700 -0.626
202509 7.350 112.000 7.396
202512 12.850 113.000 12.816
202603 19.450 112.700 19.450

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26.78 mean?
Nac Co (TSE:9788) has a E10 of 円26.78 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nac Co and its competitors.
Is Nac Co's E10 too high?
Nac Co's current E10 is 円26.78. Overall, Nac Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nac Co's E10 compare to PWR and FIX?
Nac Co's E10 of 円26.78 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 Nac Co and its competitors. Nac Co's current E10 is 円26.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nac Co stock overvalued right now?
Based on GuruFocus' analysis, Nac Co (TSE:9788) is currently considered Fairly Valued. The stock's GF Value™ is 円588.40, compared to a current price of 円533.00 — trading 9.4% below its estimated fair value. The current E10 is 円26.78. Nac Co's overall GF Score™ is 69/100 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 Nac Co (TSE:9788), the current E10 is 円26.78 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 Nac Co (TSE:9788) Overvalued in 2026?

Based on GuruFocus' analysis, Nac Co stock appears to be undervalued. The current stock price of 円533.00 is trading 9.4% below its estimated GF Value™ of 円588.40. GuruFocus considers Nac Co to be Fairly Valued.

Key valuation signals for TSE:9788:

  • E10: 円26.78
  • GF Value™: 円588.40 vs. price of 円533.00 (9.4% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TSE:9788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nac Co Business Description

Address 1-25-1 Nishi Shinjuku, Shinjuku Center Building 42, Shinjuku-ku, Tokyo, JPN, 163-0675
Nac Co Ltd engages in the operation of housing maintenance and construction business in Japan. The company's operating division include Production and sales of home delivery water, Rental business, Construction consulting business, Housing business, and Beauty and health business.
69GF Score

Get the complete analysis for TSE:9788

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

円533.00
Price
円588.40
GF Value