KLA (FRA:KLA) E10: €1.60 (As of Mar. 2026)


FRA:KLA KLA Corp FRA:KLA
86 GF Score
Price €218.85
GF Value €87.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KLA E10?

KLA FRA:KLA -2.86% 86 E10 is €1.60 as of Mar. 2026. GuruFocus rates FRA:KLA with a GF Score™ of 86/100 and a GF Value™ of €87.97 (Significantly Overvalued). The stock has 6 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.

KLA's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.789. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.60 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KLA's average E10 Growth Rate was 23.30% per year. During the past 3 years, the average E10 Growth Rate was 22.70% per year. During the past 5 years, the average E10 Growth Rate was 25.50% per year. During the past 10 years, the average E10 Growth Rate was 21.90% 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 KLA was 27.60% per year. The lowest was -2.90% per year. And the median was 14.50% per year.

As of today (2026-06-28), KLA's current stock price is €218.85. KLA's E10 for the quarter that ended in Mar. 2026 was €1.60. KLA's Shiller PE Ratio of today is 136.78.

During the past 13 years, the highest Shiller PE Ratio of KLA was 140.30. The lowest was 22.27. And the median was 40.72.


KLA  (FRA:KLA) 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.

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

Shiller PE Ratio=Share Price/E10
=218.85/1.60
=136.78

* 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 KLA was 140.30. The lowest was 22.27. And the median was 40.72.


Be Aware

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


KLA E10 Related Terms


KLA E10 Historical Data

* Premium members only.

The historical data trend for KLA'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.

KLA E10 Chart

KLA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.82 0.98 1.22 1.35

KLA 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 1.35 1.35 1.40 1.53 1.60

FRA:KLA vs AMAT, LRCX, TER: E10 Comparison

For the Semiconductor Equipment & Materials subindustry, KLA'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.


KLA Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, KLA's Shiller PE Ratio distribution charts can be found below:

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


FRA:KLA
86GF Score
KLA Corp FRA:KLA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KLA 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, KLA'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)
=0.789/330.2130*330.2130
=0.789

Current CPI (Mar. 2026) = 330.2130.

KLA Quarterly Data

per share eps CPI Adj_EPS
201606 0.154 241.018 0.211
201609 0.101 241.428 0.138
201612 0.144 241.432 0.197
201703 0.151 243.801 0.205
201706 0.144 244.955 0.194
201709 0.149 246.819 0.199
201712 -0.073 246.524 -0.098
201803 0.158 249.554 0.209
201806 0.190 251.989 0.249
201809 0.218 252.439 0.285
201812 0.213 251.233 0.280
201903 0.109 254.202 0.142
201906 0.119 256.143 0.153
201909 0.196 256.759 0.252
201912 0.216 256.974 0.278
202003 0.045 258.115 0.058
202006 0.234 257.797 0.300
202009 0.228 260.280 0.289
202012 0.242 260.474 0.307
202103 0.307 264.877 0.383
202106 0.340 271.696 0.413
202109 0.592 274.310 0.713
202112 0.417 278.802 0.494
202203 0.439 287.504 0.504
202206 0.511 296.311 0.569
202209 0.727 296.808 0.809
202212 0.650 296.797 0.723
202303 0.470 301.836 0.514
202306 0.459 305.109 0.497
202309 0.507 307.789 0.544
202312 0.392 306.746 0.422
202403 0.408 312.332 0.431
202406 0.574 314.175 0.603
202409 0.632 315.301 0.662
202412 0.588 315.605 0.615
202503 0.755 319.799 0.780
202506 0.786 322.561 0.805
202509 0.722 324.800 0.734
202512 0.741 324.054 0.755
202603 0.789 330.213 0.789

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 €1.60 mean?
KLA (FRA:KLA) has a E10 of €1.60 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KLA and its competitors.
Is KLA's E10 too high?
KLA's current E10 is €1.60. Overall, KLA has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KLA's E10 compare to AMAT and LRCX?
KLA's E10 of €1.60 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 KLA and its competitors. KLA's current E10 is €1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLA stock overvalued right now?
Based on GuruFocus' analysis, KLA (FRA:KLA) is currently considered Significantly Overvalued. The stock's GF Value™ is €87.97, compared to a current price of €218.85 — trading 148.8% above its estimated fair value. The current E10 is €1.60. KLA's overall GF Score™ is 86/100 with 6 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 KLA (FRA:KLA), the current E10 is €1.60 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 KLA (FRA:KLA) Overvalued in 2026?

Based on GuruFocus' analysis, KLA stock appears to be overvalued. The current stock price of €218.85 is trading 148.8% above its estimated GF Value™ of €87.97. GuruFocus considers KLA to be Significantly Overvalued.

Key valuation signals for FRA:KLA:

  • E10: €1.60
  • GF Value™: €87.97 vs. price of €218.85 (148.8% above fair value)
  • GF Score™: 86/100 with 6 warning signs

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


KLA Business Description

Address One Technology Drive, Milpitas, CA, USA, 95035
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
86GF Score

Get the complete analysis for FRA:KLA

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

€218.85
Price
€87.97
GF Value