KH Group (FRA:WE3) E10: €-0.13 (As of Mar. 2026)


FRA:WE3 KH Group PLC FRA:WE3
40 GF Score
Price €0.50
GF Value €0.57
! 4 Warning Signs
View Full Analysis

What is KH Group E10?

KH Group FRA:WE3 -1.56% 40 E10 is €-0.13 as of Mar. 2026. GuruFocus rates FRA:WE3 with a GF Score™ of 40/100 and a GF Value™ of €0.57. 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.

KH Group's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.13 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-02), KH Group's current stock price is €0.504. KH Group's E10 for the quarter that ended in Mar. 2026 was €-0.13. KH Group's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of KH Group was 62.60. The lowest was 9.53. And the median was 12.72.


KH Group  (FRA:WE3) 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.

During the past 13 years, the highest Shiller P/E Ratio of KH Group was 62.60. The lowest was 9.53. And the median was 12.72.


Be Aware

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


KH Group E10 Related Terms


KH Group E10 Historical Data

* Premium members only.

The historical data trend for KH Group'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.

KH Group E10 Chart

KH Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.11 0.06 -0.07 -0.10

KH Group Quarterly Data
Jun20 Dec20 Jun21 Dec21 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 -0.07 -0.09 0.00 -0.10 -0.13

FRA:WE3 vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, KH Group'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.


KH Group Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, KH Group's Shiller PE Ratio distribution charts can be found below:

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


FRA:WE3
40GF Score
KH Group PLC FRA:WE3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KH Group 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, KH Group'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)
=-0.05/122.6700*122.6700
=-0.050

Current CPI (Mar. 2026) = 122.6700.

KH Group Quarterly Data

per share eps CPI Adj_EPS
201106 0.050 95.146 0.064
201109 -0.060 95.643 -0.077
201112 -0.070 95.918 -0.090
201203 0.060 97.426 0.076
201206 -0.030 97.840 -0.038
201209 0.040 98.226 0.050
201212 0.020 98.180 0.025
201306 0.000 99.228 0.000
201312 0.000 99.761 0.000
201406 0.000 100.147 0.000
201412 0.000 100.229 0.000
201506 0.000 100.030 0.000
201512 0.000 99.990 0.000
201606 0.000 100.390 0.000
201612 0.000 101.020 0.000
201706 0.000 101.140 0.000
201712 0.000 101.510 0.000
201812 0.000 102.710 0.000
201906 0.000 103.360 0.000
201912 0.000 103.650 0.000
202006 0.000 103.320 0.000
202012 0.000 103.890 0.000
202106 0.000 105.360 0.000
202112 0.000 107.490 0.000
202206 -0.030 113.570 -0.032
202209 -0.040 114.920 -0.043
202212 -0.030 117.320 -0.031
202303 -0.040 119.750 -0.041
202306 -0.020 120.690 -0.020
202309 -0.070 121.280 -0.071
202312 -0.030 121.540 -0.030
202403 -0.050 122.360 -0.050
202406 -0.020 122.230 -0.020
202409 0.050 122.260 0.050
202412 -0.400 122.390 -0.401
202503 -0.010 123.010 -0.010
202506 -0.010 122.530 -0.010
202509 0.000 122.880 0.000
202512 0.030 122.670 0.030
202603 -0.050 122.670 -0.050

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 €-0.13 mean?
KH Group (FRA:WE3) has a E10 of €-0.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KH Group and its competitors.
Is KH Group's E10 too high?
KH Group's current E10 is €-0.13. Overall, KH Group has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does KH Group's E10 compare to HON and MMM?
KH Group's E10 of €-0.13 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 KH Group and its competitors. KH Group's current E10 is €-0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KH Group stock overvalued right now?
KH Group (FRA:WE3) has a current E10 of €-0.13. The stock's GF Value™ is €0.57, compared to a current price of €0.50 — trading 11.6% below its estimated fair value. The current E10 is €-0.13. KH Group's overall GF Score™ is 40/100 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 KH Group (FRA:WE3), the current E10 is €-0.13 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 KH Group (FRA:WE3) Overvalued in 2026?

Based on GuruFocus' analysis, KH Group stock appears to be undervalued. The current stock price of €0.50 is trading 11.6% below its estimated GF Value™ of €0.57.

Key valuation signals for FRA:WE3:

  • E10: €-0.13
  • GF Value™: €0.57 vs. price of €0.50 (11.6% below fair value)
  • GF Score™: 40/100 with 4 warning signs

No single metric tells the full story. See the FRA:WE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KH Group Business Description

Other Exchanges KHG:Finland
Address Etelaranta 14, Helsinki, FIN, 00130
KH Group PLC is a Nordic corporation supporting sustainable construction and society's critical functions, with two business areas: KH-Koneet, a supplier of construction and earthmoving machinery, and Nordic Rescue Group, a rescue vehicle manufacturer. The company operates through KH-Koneet and Nordic Rescue Group segments, with KH-Koneet generating the majority of its revenue by selling and renting machinery, equipment, and services for earthworks, property maintenance, and material handling, while Nordic Rescue Group manufactures and distributes rescue vehicles in the Nordic countries. Its geographic areas are Finland and Sweden.
40GF Score

Get the complete analysis for FRA:WE3

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

€0.50
Price
€0.57
GF Value