Keisei Electric Railway Co (FRA:KEI) E10: €0.40 (As of Mar. 2026)

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FRA:KEI Keisei Electric Railway Co Ltd FRA:KEI
72 GF Score
Price €6.65
GF Value €9.50
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Keisei Electric Railway Co E10?

Keisei Electric Railway Co FRA:KEI -1.48% 72 E10 is €0.40 as of Mar. 2026. GuruFocus rates FRA:KEI with a GF Score™ of 72/100 and a GF Value™ of €9.50 (Possible Value Trap). 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.

Keisei Electric Railway Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.064. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.40 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keisei Electric Railway Co's average E10 Growth Rate was 5.80% per year. During the past 3 years, the average E10 Growth Rate was 17.40% 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 Keisei Electric Railway Co was 17.40% per year. The lowest was -5.60% per year. And the median was 4.40% per year.

As of today (2026-07-16), Keisei Electric Railway Co's current stock price is €6.65. Keisei Electric Railway Co's E10 for the quarter that ended in Mar. 2026 was €0.40. Keisei Electric Railway Co's Shiller PE Ratio of today is 16.63.

During the past 13 years, the highest Shiller PE Ratio of Keisei Electric Railway Co was 51.23. The lowest was 14.17. And the median was 25.23.


Keisei Electric Railway Co  (FRA:KEI) 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.

Keisei Electric Railway Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.65/0.40
=16.63

* 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 Keisei Electric Railway Co was 51.23. The lowest was 14.17. And the median was 25.23.


Be Aware

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


Keisei Electric Railway Co E10 Related Terms


Keisei Electric Railway Co E10 Historical Data

* Premium members only.

The historical data trend for Keisei Electric Railway 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.

Keisei Electric Railway Co E10 Chart

Keisei Electric Railway 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 0.00 0.31 0.36 0.43 0.40

Keisei Electric Railway 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 0.43 0.42 0.41 0.39 0.40

FRA:KEI vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, Keisei Electric Railway 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.


Keisei Electric Railway Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Keisei Electric Railway Co's Shiller PE Ratio distribution charts can be found below:

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


FRA:KEI
72GF Score
Keisei Electric Railway Co Ltd FRA:KEI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keisei Electric Railway 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, Keisei Electric Railway 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)
=0.064/112.7000*112.7000
=0.064

Current CPI (Mar. 2026) = 112.7000.

Keisei Electric Railway Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.153 98.100 0.176
201609 0.169 98.000 0.194
201612 0.180 98.400 0.206
201703 0.090 98.100 0.103
201706 0.156 98.500 0.178
201709 0.147 98.800 0.168
201712 0.164 99.400 0.186
201803 0.059 99.200 0.067
201806 0.165 99.200 0.187
201809 0.147 99.900 0.166
201812 0.190 99.700 0.215
201903 0.091 99.700 0.103
201906 0.184 99.800 0.208
201909 0.162 100.100 0.182
201912 0.202 100.500 0.227
202003 -0.058 100.300 -0.065
202006 -0.228 99.900 -0.257
202009 -0.069 99.900 -0.078
202012 -0.016 99.300 -0.018
202103 -0.168 99.900 -0.190
202106 -0.051 99.500 -0.058
202109 -0.066 100.100 -0.074
202112 0.051 100.100 0.057
202203 0.000 101.100 0.000
202206 0.062 101.800 0.069
202209 0.156 103.100 0.171
202212 0.102 104.100 0.110
202303 0.054 104.400 0.058
202306 0.138 105.200 0.148
202309 0.132 106.200 0.140
202312 0.189 106.800 0.199
202403 0.634 107.200 0.667
202406 0.124 108.200 0.129
202409 0.145 108.900 0.150
202412 0.498 110.700 0.507
202503 0.119 111.100 0.121
202506 0.158 111.700 0.159
202509 0.132 112.000 0.133
202512 0.212 113.000 0.211
202603 0.064 112.700 0.064

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 €0.40 mean?
Keisei Electric Railway Co (FRA:KEI) has a E10 of €0.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keisei Electric Railway Co and its competitors.
Is Keisei Electric Railway Co's E10 too high?
Keisei Electric Railway Co's current E10 is €0.40. Overall, Keisei Electric Railway Co has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Keisei Electric Railway Co's E10 compare to UNP and CSX?
Keisei Electric Railway Co's E10 of €0.40 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Keisei Electric Railway Co and its competitors. Keisei Electric Railway Co's current E10 is €0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keisei Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Keisei Electric Railway Co (FRA:KEI) is currently considered Possible Value Trap. The stock's GF Value™ is €9.50, compared to a current price of €6.65 — trading 30% below its estimated fair value. The current E10 is €0.40. Keisei Electric Railway Co's overall GF Score™ is 72/100 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 Keisei Electric Railway Co (FRA:KEI), the current E10 is €0.40 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 Keisei Electric Railway Co (FRA:KEI) Overvalued in 2026?

Based on GuruFocus' analysis, Keisei Electric Railway Co stock appears to be undervalued. The current stock price of €6.65 is trading 30% below its estimated GF Value™ of €9.50. GuruFocus considers Keisei Electric Railway Co to be Possible Value Trap.

Key valuation signals for FRA:KEI:

  • E10: €0.40
  • GF Value™: €9.50 vs. price of €6.65 (30% below fair value)
  • GF Score™: 72/100 with 4 warning signs

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


Keisei Electric Railway Co Business Description

Other Exchanges KELRF:USA9009:Japan
Address 3-3-1 Yahata, Chiba Prefecture, Ichikawa, JPN, 272-8510
Keisei Electric Railway Co Ltd is a Japanese company that operates railways in Japan. The company's three segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus, and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels, and leisure sites to car maintenance services.
72GF Score

Get the complete analysis for FRA:KEI

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

€6.65
Price
€9.50
GF Value