Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) E10: KWD0.05 (As of Mar. 2026)


KUW:SHIP Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
76 GF Score
Price KWD0.70
GF Value KWD1.04
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Heavy Engineering Industries and Shipbuilding Co KSC E10?

Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP -0.14% 76 E10 is KWD0.05 as of Mar. 2026. GuruFocus rates KUW:SHIP with a GF Score™ of 76/100 and a GF Value™ of KWD1.04 (Possible Value Trap). 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.

Heavy Engineering Industries and Shipbuilding Co KSC's adjusted earnings per share data for the three months ended in Mar. 2026 was KWD0.006. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is KWD0.05 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.70% 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 Heavy Engineering Industries and Shipbuilding Co KSC was 7.70% per year. The lowest was 7.70% per year. And the median was 7.70% per year.

As of today (2026-07-08), Heavy Engineering Industries and Shipbuilding Co KSC's current stock price is KWD0.70. Heavy Engineering Industries and Shipbuilding Co KSC's E10 for the quarter that ended in Mar. 2026 was KWD0.05. Heavy Engineering Industries and Shipbuilding Co KSC's Shiller PE Ratio of today is 14.00.

During the past 13 years, the highest Shiller PE Ratio of Heavy Engineering Industries and Shipbuilding Co KSC was 21.89. The lowest was 13.34. And the median was 15.86.


Heavy Engineering Industries and Shipbuilding Co KSC  (KUW:SHIP) 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.

Heavy Engineering Industries and Shipbuilding Co KSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.70/0.05
=14.00

* 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 Heavy Engineering Industries and Shipbuilding Co KSC was 21.89. The lowest was 13.34. And the median was 15.86.


Be Aware

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


Heavy Engineering Industries and Shipbuilding Co KSC E10 Related Terms


Heavy Engineering Industries and Shipbuilding Co KSC E10 Historical Data

* Premium members only.

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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.

Heavy Engineering Industries and Shipbuilding Co KSC E10 Chart

Heavy Engineering Industries and Shipbuilding Co KSC 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 0.04 0.04 0.05 0.05

Heavy Engineering Industries and Shipbuilding Co KSC 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 0.05 0.05 0.05 0.05 0.05

KUW:SHIP vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co KSC'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.


Heavy Engineering Industries and Shipbuilding Co KSC Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's Shiller PE Ratio falls into.


KUW:SHIP
76GF Score
Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heavy Engineering Industries and Shipbuilding Co KSC 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, Heavy Engineering Industries and Shipbuilding Co KSC'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)
=0.006/330.2130*330.2130
=0.006

Current CPI (Mar. 2026) = 330.2130.

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data

per share eps CPI Adj_EPS
201606 0.006 241.018 0.008
201609 0.007 241.428 0.010
201612 0.009 241.432 0.012
201703 0.007 243.801 0.009
201706 0.009 244.955 0.012
201709 0.007 246.819 0.009
201712 0.008 246.524 0.011
201803 0.009 249.554 0.012
201806 0.015 251.989 0.020
201809 0.012 252.439 0.016
201812 0.013 251.233 0.017
201903 0.013 254.202 0.017
201906 0.014 256.143 0.018
201909 0.013 256.759 0.017
201912 0.016 256.974 0.021
202003 0.010 258.115 0.013
202006 0.015 257.797 0.019
202009 0.013 260.280 0.016
202012 0.008 260.474 0.010
202103 0.009 264.877 0.011
202106 0.006 271.696 0.007
202109 0.006 274.310 0.007
202112 0.011 278.802 0.013
202203 0.006 287.504 0.007
202206 0.004 296.311 0.004
202209 0.006 296.808 0.007
202212 0.012 296.797 0.013
202303 0.004 301.836 0.004
202306 0.009 305.109 0.010
202309 0.008 307.789 0.009
202312 0.016 306.746 0.017
202403 0.008 312.332 0.008
202406 0.010 314.175 0.011
202409 0.008 315.301 0.008
202412 0.020 315.605 0.021
202503 0.008 319.799 0.008
202506 0.012 322.561 0.012
202509 0.009 324.800 0.009
202512 0.021 324.054 0.021
202603 0.006 330.213 0.006

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 KWD0.05 mean?
Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) has a E10 of KWD0.05 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Heavy Engineering Industries and Shipbuilding Co KSC and its competitors.
Is Heavy Engineering Industries and Shipbuilding Co KSC's E10 too high?
Heavy Engineering Industries and Shipbuilding Co KSC's current E10 is KWD0.05. Overall, Heavy Engineering Industries and Shipbuilding Co KSC has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heavy Engineering Industries and Shipbuilding Co KSC's E10 compare to PWR and FIX?
Heavy Engineering Industries and Shipbuilding Co KSC's E10 of KWD0.05 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Heavy Engineering Industries and Shipbuilding Co KSC and its competitors. Heavy Engineering Industries and Shipbuilding Co KSC's current E10 is KWD0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavy Engineering Industries and Shipbuilding Co KSC stock overvalued right now?
Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) is currently considered Possible Value Trap. The stock's GF Value™ is KWD1.04, compared to a current price of KWD0.70 — trading 32.7% below its estimated fair value. The current E10 is KWD0.05. Heavy Engineering Industries and Shipbuilding Co KSC's overall GF Score™ is 76/100 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 Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP), the current E10 is KWD0.05 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 Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Overvalued in 2026?

Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC stock appears to be undervalued. The current stock price of KWD0.70 is trading 32.7% below its estimated GF Value™ of KWD1.04. GuruFocus considers Heavy Engineering Industries and Shipbuilding Co KSC to be Possible Value Trap.

Key valuation signals for KUW:SHIP:

  • E10: KWD0.05
  • GF Value™: KWD1.04 vs. price of KWD0.70 (32.7% below fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Heavy Engineering Industries and Shipbuilding Co KSC Business Description

Address Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080
Heavy Engineering Industries and Shipbuilding Co KSC is engaged in engineering, procurement, and construction (EPC) contracting, focusing on the shipping and maritime industry in Kuwait. The Company serves sectors including oil and gas, refineries, petrochemicals, power, water distillation and desalination, shipbuilding, ship repair, dredging, and maritime construction. Its activities include industrial and marine works, installation and maintenance services, trading of equipment and spare parts, and contracting and tendering with international companies. It also provides services such as shipyard operations, fabrication, testing and calibration, quality control, scaffolding, galvanizing, onshore and offshore operations, technical manpower supply, and design and engineering services.
76GF Score

Get the complete analysis for KUW:SHIP

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

KWD0.70
Price
KWD1.04
GF Value