Kuwait Cement Co (KUW:KCEM) E10: KWD0.01 (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KUW:KCEM Kuwait Cement Co KUW:KCEM
36 GF Score
Price KWD0.39
GF Value KWD0.24
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Kuwait Cement Co E10?

Kuwait Cement Co KUW:KCEM -1.02% 36 E10 is KWD0.01 as of Mar. 2026. GuruFocus rates KUW:KCEM with a GF Score™ of 36/100 and a GF Value™ of KWD0.24 (Significantly Overvalued). The stock has 2 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.

Kuwait Cement Co's adjusted earnings per share data for the three months ended in Mar. 2026 was KWD0.003. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is KWD0.01 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -20.60% 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 Kuwait Cement Co was -20.60% per year. The lowest was -20.60% per year. And the median was -20.60% per year.

As of today (2026-07-30), Kuwait Cement Co's current stock price is KWD0.389. Kuwait Cement Co's E10 for the quarter that ended in Mar. 2026 was KWD0.01. Kuwait Cement Co's Shiller PE Ratio of today is 38.90.

During the past 13 years, the highest Shiller PE Ratio of Kuwait Cement Co was 45.16. The lowest was 8.10. And the median was 14.50.


Kuwait Cement Co  (KUW:KCEM) 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.

Kuwait Cement Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.389/0.01
=38.90

* 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 Kuwait Cement Co was 45.16. The lowest was 8.10. And the median was 14.50.


Be Aware

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


Kuwait Cement Co E10 Related Terms


Kuwait Cement Co E10 Historical Data

* Premium members only.

The historical data trend for Kuwait Cement 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.

Kuwait Cement Co E10 Chart

Kuwait Cement Co 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 0.02 0.01 0.01 0.01

Kuwait Cement 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 0.00 0.01 0.01 0.01 0.01

KUW:KCEM vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Kuwait Cement 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.


Kuwait Cement Co Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuwait Cement Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Kuwait Cement Co's Shiller PE Ratio falls into.


KUW:KCEM
36GF Score
Kuwait Cement Co KUW:KCEM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuwait Cement 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, Kuwait Cement 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)
=0.003/330.2130*330.2130
=0.003

Current CPI (Mar. 2026) = 330.2130.

Kuwait Cement Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.010 241.018 0.014
201609 0.004 241.428 0.005
201612 0.006 241.432 0.008
201703 0.008 243.801 0.011
201706 0.006 244.955 0.008
201709 0.003 246.819 0.004
201712 0.007 246.524 0.009
201803 0.004 249.554 0.005
201806 0.005 251.989 0.007
201809 0.001 252.439 0.001
201812 0.000 251.233 0.000
201903 0.002 254.202 0.003
201906 0.004 256.143 0.005
201909 0.000 256.759 0.000
201912 -0.001 256.974 -0.001
202003 -0.001 258.115 -0.001
202006 -0.019 257.797 -0.024
202009 -0.003 260.280 -0.004
202012 -0.003 260.474 -0.004
202103 -0.001 264.877 -0.001
202106 0.000 271.696 0.000
202109 -0.003 274.310 -0.004
202112 0.000 278.802 0.000
202203 0.000 287.504 0.000
202206 0.000 296.311 0.000
202209 0.001 296.808 0.001
202212 0.004 296.797 0.004
202303 -0.001 301.836 -0.001
202306 0.002 305.109 0.002
202309 0.000 307.789 0.000
202312 0.002 306.746 0.002
202403 0.001 312.332 0.001
202406 0.003 314.175 0.003
202409 0.000 315.301 0.000
202412 0.001 315.605 0.001
202503 0.000 319.799 0.000
202506 0.004 322.561 0.004
202509 0.002 324.800 0.002
202512 0.004 324.054 0.004
202603 0.003 330.213 0.003

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 KWD0.01 mean?
Kuwait Cement Co (KUW:KCEM) has a E10 of KWD0.01 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kuwait Cement Co and its competitors.
Is Kuwait Cement Co's E10 too high?
Kuwait Cement Co's current E10 is KWD0.01. Overall, Kuwait Cement Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuwait Cement Co's E10 compare to CRH and VMC?
Kuwait Cement Co's E10 of KWD0.01 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Kuwait Cement Co and its competitors. Kuwait Cement Co's current E10 is KWD0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwait Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Kuwait Cement Co (KUW:KCEM) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.24, compared to a current price of KWD0.39 — trading 62.1% above its estimated fair value. The current E10 is KWD0.01. Kuwait Cement Co's overall GF Score™ is 36/100 with 2 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 Kuwait Cement Co (KUW:KCEM), the current E10 is KWD0.01 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 Kuwait Cement Co (KUW:KCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Kuwait Cement Co stock appears to be overvalued. The current stock price of KWD0.39 is trading 62.1% above its estimated GF Value™ of KWD0.24. GuruFocus considers Kuwait Cement Co to be Significantly Overvalued.

Key valuation signals for KUW:KCEM:

  • E10: KWD0.01
  • GF Value™: KWD0.24 vs. price of KWD0.39 (62.1% above fair value)
  • GF Score™: 36/100 with 2 warning signs

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


Kuwait Cement Co Business Description

Address Al-Shuhada Street, P.O. Box 20581, Cement House Building, Al-Sawaber Area, Sharq, Safat, Kuwait, KWT, 13066
Kuwait Cement Co is an integrated cement manufacturing company in Kuwait. Its operating business segments are the Manufacturing sector and Investment sector. The company generates maximum revenue from the Manufacturing sector segment. The Manufacturing sector of the company includes the production and sale of cement and ready-mix cement, and its products include Ordinary Portland Cement, Salt Resistant Cement, and many more.
36GF Score

Get the complete analysis for KUW:KCEM

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

KWD0.39
Price
KWD0.24
GF Value