Kernel Holding (LTS:0Q9Y) E10: zł9.68 (As of Mar. 2026)

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LTS:0Q9Y Kernel Holding SA LTS:0Q9Y
64 GF Score
Price zł21.95
GF Value zł14.84
! 1 Warning Sign
View Full Analysis

What is Kernel Holding E10?

Kernel Holding LTS:0Q9Y 64 E10 is zł9.68 as of Mar. 2026. GuruFocus rates LTS:0Q9Y with a GF Score™ of 64/100 and a GF Value™ of zł14.84. The stock has 1 warning sign 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.

Kernel Holding's adjusted earnings per share data for the three months ended in Mar. 2026 was zł1.138. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł9.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kernel Holding's average E10 Growth Rate was -11.10% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 6.70% 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 Kernel Holding was 8.10% per year. The lowest was 1.70% per year. And the median was 6.10% per year.

As of today (2026-07-22), Kernel Holding's current stock price is zł21.95. Kernel Holding's E10 for the quarter that ended in Mar. 2026 was zł9.68. Kernel Holding's Shiller PE Ratio of today is 2.27.

During the past 13 years, the highest Shiller PE Ratio of Kernel Holding was 7.96. The lowest was 0.75. And the median was 3.06.


Kernel Holding  (LTS:0Q9Y) 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.

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

Shiller PE Ratio=Share Price/E10
=21.95/9.68
=2.27

* 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 Kernel Holding was 7.96. The lowest was 0.75. And the median was 3.06.


Be Aware

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


Kernel Holding E10 Related Terms


Kernel Holding E10 Historical Data

* Premium members only.

The historical data trend for Kernel Holding'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.

Kernel Holding E10 Chart

Kernel Holding 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 8.47 22.38 34.29 45.07 14.80

Kernel Holding 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 13.27 14.80 9.32 7.75 9.68

LTS:0Q9Y vs SYY, USFD, PFGC: E10 Comparison

For the Food Distribution subindustry, Kernel Holding'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.


Kernel Holding Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Shiller PE Ratio distribution charts can be found below:

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


LTS:0Q9Y
64GF Score
Kernel Holding SA LTS:0Q9Y
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kernel Holding 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, Kernel Holding'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)
=1.138/330.2130*330.2130
=1.138

Current CPI (Mar. 2026) = 330.2130.

Kernel Holding Quarterly Data

per share eps CPI Adj_EPS
201606 -0.342 241.018 -0.469
201609 2.960 241.428 4.049
201612 4.402 241.432 6.021
201703 1.518 243.801 2.056
201706 -0.797 244.955 -1.074
201709 1.025 246.819 1.371
201712 3.074 246.524 4.118
201803 -1.821 249.554 -2.410
201806 0.076 251.989 0.100
201809 3.453 252.439 4.517
201812 4.060 251.233 5.336
201903 1.176 254.202 1.528
201906 -0.038 256.143 -0.049
201909 2.732 256.759 3.514
201912 1.897 256.974 2.438
202003 -1.138 258.115 -1.456
202006 1.897 257.797 2.430
202009 9.221 260.280 11.699
202012 5.768 260.474 7.312
202103 0.721 264.877 0.899
202106 7.437 271.696 9.039
202109 9.562 274.310 11.511
202112 10.017 278.802 11.864
202203 -4.971 287.504 -5.709
202206 -16.923 296.311 -18.859
202209 7.930 296.808 8.823
202212 10.131 296.797 11.272
202303 3.377 301.836 3.694
202306 -6.754 305.109 -7.310
202309 -0.797 307.789 -0.855
202312 1.708 306.746 1.839
202403 1.290 312.332 1.364
202406 -0.683 314.175 -0.718
202409 1.556 315.301 1.630
202412 0.721 315.605 0.754
202503 0.531 319.799 0.548
202506 0.266 322.561 0.272
202509 1.252 324.800 1.273
202512 0.304 324.054 0.310
202603 1.138 330.213 1.138

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 zł9.68 mean?
Kernel Holding (LTS:0Q9Y) has a E10 of zł9.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kernel Holding and its competitors.
Is Kernel Holding's E10 too high?
Kernel Holding's current E10 is zł9.68. Overall, Kernel Holding has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's E10 compare to SYY and USFD?
Kernel Holding's E10 of zł9.68 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good E10 depends on the Retail - Defensive 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 Kernel Holding and its competitors. Kernel Holding's current E10 is zł9.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Kernel Holding (LTS:0Q9Y) has a current E10 of zł9.68. The stock's GF Value™ is zł14.84, compared to a current price of zł21.95 — trading 47.9% above its estimated fair value. The current E10 is zł9.68. Kernel Holding's overall GF Score™ is 64/100 with 1 warning sign 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 Kernel Holding (LTS:0Q9Y), the current E10 is zł9.68 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 Kernel Holding (LTS:0Q9Y) Overvalued in 2026?

Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued. The current stock price of zł21.95 is trading 47.9% above its estimated GF Value™ of zł14.84.

Key valuation signals for LTS:0Q9Y:

  • E10: zł9.68
  • GF Value™: zł14.84 vs. price of zł21.95 (47.9% above fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the LTS:0Q9Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kernel Holding Business Description

Address 3 Tarasa Shevchenka Lane, Kyiv, UKR, 01001
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
64GF Score

Get the complete analysis for LTS:0Q9Y

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

zł21.95
Price
zł14.84
GF Value