Kawasaki Heavy Industries (FRA:KHE) E10: €0.26 (As of Mar. 2026)


FRA:KHE Kawasaki Heavy Industries Ltd FRA:KHE
75 GF Score
Price €15.62
GF Value €8.44
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Kawasaki Heavy Industries E10?

Kawasaki Heavy Industries FRA:KHE +1.44% 75 E10 is €0.26 as of Mar. 2026. GuruFocus rates FRA:KHE with a GF Score™ of 75/100 and a GF Value™ of €8.44 (Significantly Overvalued). 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.

Kawasaki Heavy Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.276. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kawasaki Heavy Industries's average E10 Growth Rate was 18.20% per year. During the past 3 years, the average E10 Growth Rate was 9.20% per year. During the past 5 years, the average E10 Growth Rate was 6.50% per year. During the past 10 years, the average E10 Growth Rate was 2.30% 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 Kawasaki Heavy Industries was 9.20% per year. The lowest was -3.00% per year. And the median was 1.85% per year.

As of today (2026-06-30), Kawasaki Heavy Industries's current stock price is €15.622. Kawasaki Heavy Industries's E10 for the quarter that ended in Mar. 2026 was €0.26. Kawasaki Heavy Industries's Shiller PE Ratio of today is 60.08.

During the past 13 years, the highest Shiller PE Ratio of Kawasaki Heavy Industries was 83.13. The lowest was 6.94. And the median was 19.17.


Kawasaki Heavy Industries  (FRA:KHE) 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.

Kawasaki Heavy Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.622/0.26
=60.08

* 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 Kawasaki Heavy Industries was 83.13. The lowest was 6.94. And the median was 19.17.


Be Aware

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


Kawasaki Heavy Industries E10 Related Terms


Kawasaki Heavy Industries E10 Historical Data

* Premium members only.

The historical data trend for Kawasaki Heavy Industries'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.

Kawasaki Heavy Industries E10 Chart

Kawasaki Heavy Industries 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 0.24 0.24 0.21 0.24 0.26

Kawasaki Heavy Industries 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 0.24 0.23 0.22 0.24 0.26

FRA:KHE vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Kawasaki Heavy Industries'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.


Kawasaki Heavy Industries Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kawasaki Heavy Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Kawasaki Heavy Industries's Shiller PE Ratio falls into.


FRA:KHE
75GF Score
Kawasaki Heavy Industries Ltd FRA:KHE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kawasaki Heavy Industries 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, Kawasaki Heavy Industries'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)
=0.276/112.7000*112.7000
=0.276

Current CPI (Mar. 2026) = 112.7000.

Kawasaki Heavy Industries Quarterly Data

per share eps CPI Adj_EPS
201606 0.048 98.100 0.055
201609 -0.053 98.000 -0.061
201612 0.178 98.400 0.204
201703 0.082 98.100 0.094
201706 0.031 98.500 0.035
201709 0.069 98.800 0.079
201712 0.033 99.400 0.037
201803 0.132 99.200 0.150
201806 0.024 99.200 0.027
201809 -0.056 99.900 -0.063
201812 0.140 99.700 0.158
201903 0.153 99.700 0.173
201906 -0.081 99.800 -0.091
201909 0.046 100.100 0.052
201912 0.084 100.500 0.094
202003 0.140 100.300 0.157
202006 -0.116 99.900 -0.131
202009 -0.149 99.900 -0.168
202012 0.126 99.300 0.143
202103 -0.050 99.900 -0.056
202106 0.103 99.500 0.117
202109 -0.039 100.100 -0.044
202112 0.037 100.100 0.042
202203 0.013 101.100 0.014
202206 0.046 101.800 0.051
202209 0.154 103.100 0.168
202212 0.240 104.100 0.260
202303 0.004 104.400 0.004
202306 0.071 105.200 0.076
202309 -0.245 106.200 -0.260
202312 0.075 106.800 0.079
202403 0.285 107.200 0.300
202406 0.108 108.200 0.112
202409 -0.013 108.900 -0.013
202412 0.226 110.700 0.230
202503 0.325 111.100 0.330
202506 0.030 111.700 0.030
202509 0.123 112.000 0.124
202512 0.287 113.000 0.286
202603 0.276 112.700 0.276

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 €0.26 mean?
Kawasaki Heavy Industries (FRA:KHE) has a E10 of €0.26 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kawasaki Heavy Industries and its competitors.
Is Kawasaki Heavy Industries' E10 too high?
Kawasaki Heavy Industries' current E10 is €0.26. Overall, Kawasaki Heavy Industries has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawasaki Heavy Industries' E10 compare to GEV and ETN?
Kawasaki Heavy Industries' E10 of €0.26 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Kawasaki Heavy Industries and its competitors. Kawasaki Heavy Industries's current E10 is €0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawasaki Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Kawasaki Heavy Industries (FRA:KHE) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.44, compared to a current price of €15.62 — trading 85.1% above its estimated fair value. The current E10 is €0.26. Kawasaki Heavy Industries' overall GF Score™ is 75/100 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 Kawasaki Heavy Industries (FRA:KHE), the current E10 is €0.26 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 Kawasaki Heavy Industries (FRA:KHE) Overvalued in 2026?

Based on GuruFocus' analysis, Kawasaki Heavy Industries stock appears to be overvalued. The current stock price of €15.62 is trading 85.1% above its estimated GF Value™ of €8.44. GuruFocus considers Kawasaki Heavy Industries to be Significantly Overvalued.

Key valuation signals for FRA:KHE:

  • E10: €0.26
  • GF Value™: €8.44 vs. price of €15.62 (85.1% above fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Kawasaki Heavy Industries Business Description

Address 1-1-3 Higashikawasakicho, Kobe Crystal Tower, Chuo-ku, Kobe, JPN, 650-8680
Kawasaki Heavy Industries Ltd is a Japan-based conglomerate with operations in aerospace, marine, and vehicles. The company operates through six segments. The Aerospace Systems segment manufactures and sells aircraft, engines, and space-related equipment. The Energy Solutions & Marine segment provides energy equipment, hydrogen systems, marine propulsion, plants, ships, and crushers. The Power Sports & Engine segment produces motorcycles, off-road vehicles, personal watercraft, and general-purpose engines. The Precision Machinery and Robots segment offers hydraulic equipment and industrial robots. The Vehicle segment manufactures railway vehicles and snow removal machinery. The Other segment covers commerce mediation, sales, orders, and welfare facility management.
75GF Score

Get the complete analysis for FRA:KHE

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

€15.62
Price
€8.44
GF Value