Koc Holding AS (IST:KCHOL) E10: ₺10.00 (As of Mar. 2026)


IST:KCHOL Koc Holding AS IST:KCHOL
82 GF Score
Price ₺198.20
GF Value ₺192.66
Valuation Fairly Valued
! 9 Warning Signs
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What is Koc Holding AS E10?

Koc Holding AS IST:KCHOL +1.69% 82 E10 is ₺10.00 as of Mar. 2026. GuruFocus rates IST:KCHOL with a GF Score™ of 82/100 and a GF Value™ of ₺192.66 (Fairly Valued). The stock has 9 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.

Koc Holding AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺0.206. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺10.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Koc Holding AS's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was 23.20% per year. During the past 5 years, the average E10 Growth Rate was 46.80% 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 Koc Holding AS was 76.50% per year. The lowest was 15.80% per year. And the median was 39.10% per year.

As of today (2026-06-28), Koc Holding AS's current stock price is ₺198.20. Koc Holding AS's E10 for the quarter that ended in Mar. 2026 was ₺10.00. Koc Holding AS's Shiller PE Ratio of today is 19.82.

During the past 13 years, the highest Shiller PE Ratio of Koc Holding AS was 25.72. The lowest was 8.67. And the median was 14.65.


Koc Holding AS  (IST:KCHOL) 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.

Koc Holding AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=198.20/10.00
=19.82

* 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 Koc Holding AS was 25.72. The lowest was 8.67. And the median was 14.65.


Be Aware

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


Koc Holding AS E10 Related Terms


Koc Holding AS E10 Historical Data

* Premium members only.

The historical data trend for Koc Holding AS'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.

Koc Holding AS E10 Chart

Koc Holding AS 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 2.34 5.25 9.40 9.20 9.82

Koc Holding AS 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 9.23 9.29 9.61 9.82 10.00

IST:KCHOL vs HON, MMM: E10 Comparison

For the Conglomerates subindustry, Koc Holding AS'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.


Koc Holding AS Shiller PE Ratio vs Conglomerates Industry

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

* The bar in red indicates where Koc Holding AS's Shiller PE Ratio falls into.


IST:KCHOL
82GF Score
Koc Holding AS IST:KCHOL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koc Holding AS 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, Koc Holding AS'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)
=0.206/330.2130*330.2130
=0.206

Current CPI (Mar. 2026) = 330.2130.

Koc Holding AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.362 241.018 0.496
201609 0.387 241.428 0.529
201612 0.412 241.432 0.564
201703 0.443 243.801 0.600
201706 0.559 244.955 0.754
201709 0.509 246.819 0.681
201712 0.425 246.524 0.569
201803 0.450 249.554 0.595
201806 0.559 251.989 0.733
201809 0.500 252.439 0.654
201812 0.674 251.233 0.886
201903 0.307 254.202 0.399
201906 0.562 256.143 0.725
201909 0.424 256.759 0.545
201912 0.438 256.974 0.563
202003 1.368 258.115 1.750
202006 0.379 257.797 0.485
202009 0.909 260.280 1.153
202012 1.000 260.474 1.268
202103 0.833 264.877 1.038
202106 1.261 271.696 1.533
202109 1.619 274.310 1.949
202112 2.278 278.802 2.698
202203 2.648 287.504 3.041
202206 6.094 296.311 6.791
202209 7.834 296.808 8.716
202212 12.086 296.797 13.447
202303 4.218 301.836 4.615
202306 9.693 305.109 10.491
202309 5.320 307.789 5.708
202312 21.818 306.746 23.487
202403 1.080 312.332 1.142
202406 0.389 314.175 0.409
202409 -1.740 315.301 -1.822
202412 -2.996 315.605 -3.135
202503 -0.730 319.799 -0.754
202506 0.305 322.561 0.312
202509 3.020 324.800 3.070
202512 3.017 324.054 3.074
202603 0.206 330.213 0.206

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 ₺10.00 mean?
Koc Holding AS (IST:KCHOL) has a E10 of ₺10.00 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Koc Holding AS and its competitors.
Is Koc Holding AS's E10 too high?
Koc Holding AS's current E10 is ₺10.00. Overall, Koc Holding AS has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Koc Holding AS's E10 compare to HON and MMM?
Koc Holding AS's E10 of ₺10.00 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 Koc Holding AS and its competitors. Koc Holding AS's current E10 is ₺10.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koc Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Koc Holding AS (IST:KCHOL) is currently considered Fairly Valued. The stock's GF Value™ is ₺192.66, compared to a current price of ₺198.20 — trading 2.9% above its estimated fair value. The current E10 is ₺10.00. Koc Holding AS's overall GF Score™ is 82/100 with 9 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 Koc Holding AS (IST:KCHOL), the current E10 is ₺10.00 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 Koc Holding AS (IST:KCHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Koc Holding AS stock appears to be overvalued. The current stock price of ₺198.20 is trading 2.9% above its estimated GF Value™ of ₺192.66. GuruFocus considers Koc Holding AS to be Fairly Valued.

Key valuation signals for IST:KCHOL:

  • E10: ₺10.00
  • GF Value™: ₺192.66 vs. price of ₺198.20 (2.9% above fair value)
  • GF Score™: 82/100 with 9 warning signs

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


Koc Holding AS Business Description

Other Exchanges KHOLY:USAKRKA:Germany
Address Nakkastepe Azizbey Sokak No.1, Kuzguncuk-Uskuda, Uskudar, Istanbul, TUR, 34674
Koc Holding AS is a Turkish conglomerate. The group's businesses operate in the energy refining, fuel distribution, liquefied petroleum gas distribution, power generation, natural gas, automotive, automotive retailing, farm tractors, defense, white goods, consumer electronics, air conditioning, banking, leasing, REIT, factoring, brokerage, asset-management, consumer finance, food production, food production distribution, do-it-yourself retailing, tourism, marina operations, information technology, and ship and yacht construction industries. The company operates five core business segments: Energy, Automotive, Consumer durables, Finance, and Other. The majority segment by sales is energy, containing the fuel distribution, refining, and power generation businesses.
82GF Score

Get the complete analysis for IST:KCHOL

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

₺198.20
Price
₺192.66
GF Value