Nitori Holdings Co (TSE:9843) E10: 円154.23 (As of Mar. 2026)


TSE:9843 Nitori Holdings Co Ltd TSE:9843
89 GF Score
Price 円2,414.50
GF Value 円3,559.03
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Nitori Holdings Co E10?

Nitori Holdings Co TSE:9843 -2.74% 89 E10 is 円154.23 as of Mar. 2026. GuruFocus rates TSE:9843 with a GF Score™ of 89/100 and a GF Value™ of 円3,559.03 (Significantly Undervalued). The stock has 4 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.

Nitori Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円26.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円154.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nitori Holdings Co's average E10 Growth Rate was 6.00% per year. During the past 3 years, the average E10 Growth Rate was 11.20% per year. During the past 5 years, the average E10 Growth Rate was 12.00% 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 Nitori Holdings Co was 14.20% per year. The lowest was 9.30% per year. And the median was 11.20% per year.

As of today (2026-06-30), Nitori Holdings Co's current stock price is 円2414.50. Nitori Holdings Co's E10 for the quarter that ended in Mar. 2026 was 円154.23. Nitori Holdings Co's Shiller PE Ratio of today is 15.66.

During the past 13 years, the highest Shiller PE Ratio of Nitori Holdings Co was 49.91. The lowest was 14.55. And the median was 31.46.


Nitori Holdings Co  (TSE:9843) 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.

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

Shiller PE Ratio=Share Price/E10
=2414.50/154.23
=15.66

* 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 Nitori Holdings Co was 49.91. The lowest was 14.55. And the median was 31.46.


Be Aware

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


Nitori Holdings Co E10 Related Terms


Nitori Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Nitori Holdings 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.

Nitori Holdings Co E10 Chart

Nitori Holdings Co Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.42 112.08 134.51 145.50 154.23

Nitori Holdings Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 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 145.50 148.93 149.67 154.50 154.23

TSE:9843 vs SN, SGI, MHK: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings 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.


Nitori Holdings Co Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9843
89GF Score
Nitori Holdings Co Ltd TSE:9843
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitori Holdings 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, Nitori Holdings 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)
=26.41/112.7000*112.7000
=26.410

Current CPI (Mar. 2026) = 112.7000.

Nitori Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201602 21.340 97.800 24.591
201605 30.318 98.200 34.795
201608 28.426 97.900 32.723
201611 26.384 98.600 30.157
201702 22.118 98.100 25.410
201705 33.998 98.600 38.860
201708 28.400 98.500 32.494
201711 28.848 99.100 32.807
201802 23.080 99.500 26.142
201805 35.066 99.300 39.798
201808 32.420 99.800 36.611
201811 24.998 100.000 28.173
201902 28.722 99.700 32.467
201905 36.162 100.000 40.755
201908 29.306 100.000 33.028
201911 36.686 100.500 41.139
202002 24.652 100.300 27.700
202005 45.284 100.100 50.984
202008 42.978 100.100 48.388
202011 47.792 99.500 54.132
202102 27.270 99.800 30.795
202105 51.596 99.400 58.500
202108 43.888 99.700 49.611
202111 38.696 100.100 43.567
202202 37.162 100.700 41.590
202205 44.170 101.800 48.899
202208 46.936 102.700 51.506
202211 26.670 103.900 28.929
202306 40.552 105.200 43.443
202309 26.774 106.200 28.413
202312 53.962 106.800 56.943
202403 38.266 107.200 40.229
202406 42.852 108.200 44.634
202409 37.508 108.900 38.817
202412 43.562 110.700 44.349
202503 22.162 111.100 22.481
202506 46.288 111.700 46.702
202509 27.582 112.000 27.754
202512 57.700 113.000 57.547
202603 26.410 112.700 26.410

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154.23 mean?
Nitori Holdings Co (TSE:9843) has a E10 of 円154.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nitori Holdings Co and its competitors.
Is Nitori Holdings Co's E10 too high?
Nitori Holdings Co's current E10 is 円154.23. Overall, Nitori Holdings Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitori Holdings Co's E10 compare to SN and SGI?
Nitori Holdings Co's E10 of 円154.23 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Nitori Holdings Co and its competitors. Nitori Holdings Co's current E10 is 円154.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitori Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nitori Holdings Co (TSE:9843) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,559.03, compared to a current price of 円2,414.50 — trading 32.2% below its estimated fair value. The current E10 is 円154.23. Nitori Holdings Co's overall GF Score™ is 89/100 with 4 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 Nitori Holdings Co (TSE:9843), the current E10 is 円154.23 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 Nitori Holdings Co (TSE:9843) Overvalued in 2026?

Based on GuruFocus' analysis, Nitori Holdings Co stock appears to be undervalued. The current stock price of 円2,414.50 is trading 32.2% below its estimated GF Value™ of 円3,559.03. GuruFocus considers Nitori Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:9843:

  • E10: 円154.23
  • GF Value™: 円3,559.03 vs. price of 円2,414.50 (32.2% below fair value)
  • GF Score™: 89/100 with 4 warning signs

No single metric tells the full story. See the TSE:9843 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitori Holdings Co Business Description

Other Exchanges NCLTY:USANCLTF:USA
Address 6-20 Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043
Nitori Holdings Co Ltd is a Japan-based company engaged in the sale of furniture and interior goods. The company operates through two business segments. The Nitori Business segment is involved in the development, manufacturing, and sale of furniture and interior goods, along with activities such as real estate leasing, advertising, and logistics services. The Shimachu Business segment focuses on the sale of furniture, interior goods, and home center products. It generates the majority of its revenue from the Nitori Business segment.
89GF Score

Get the complete analysis for TSE:9843

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

円2,414.50
Price
円3,559.03
GF Value