KEC International (NSE:KEC) E10: ₹21.22 (As of Mar. 2026)


NSE:KEC KEC International Ltd NSE:KEC
81 GF Score
Price ₹528.15
GF Value ₹860.93
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is KEC International E10?

KEC International NSE:KEC -0.56% 81 E10 is ₹21.22 as of Mar. 2026. GuruFocus rates NSE:KEC with a GF Score™ of 81/100 and a GF Value™ of ₹860.93 (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.

KEC International's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹7.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹21.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KEC International's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 8.30% 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 KEC International was 10.40% per year. The lowest was 6.20% per year. And the median was 7.95% per year.

As of today (2026-06-27), KEC International's current stock price is ₹528.15. KEC International's E10 for the quarter that ended in Mar. 2026 was ₹21.22. KEC International's Shiller PE Ratio of today is 24.89.

During the past 13 years, the highest Shiller PE Ratio of KEC International was 66.96. The lowest was 12.21. And the median was 31.53.


KEC International  (NSE:KEC) 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.

KEC International's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=528.15/21.22
=24.89

* 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 KEC International was 66.96. The lowest was 12.21. And the median was 31.53.


Be Aware

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


KEC International E10 Related Terms


KEC International E10 Historical Data

* Premium members only.

The historical data trend for KEC International'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.

KEC International E10 Chart

KEC International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.70 15.80 17.39 19.04 21.22

KEC International 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 19.04 19.67 20.41 20.86 21.22

NSE:KEC vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, KEC International'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.


KEC International Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, KEC International's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KEC International's Shiller PE Ratio falls into.


NSE:KEC
81GF Score
KEC International Ltd NSE:KEC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KEC International 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, KEC International'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)
=7.24/164.2724*164.2724
=7.240

Current CPI (Mar. 2026) = 164.2724.

KEC International Quarterly Data

per share eps CPI Adj_EPS
201606 1.200 105.961 1.860
201609 2.530 105.961 3.922
201612 2.430 105.196 3.795
201703 5.660 105.196 8.839
201706 2.450 107.109 3.758
201709 3.470 109.021 5.229
201712 4.350 109.404 6.532
201803 7.640 109.786 11.432
201806 3.380 111.317 4.988
201809 3.810 115.142 5.436
201812 4.370 115.142 6.235
201903 7.730 118.202 10.743
201906 3.450 120.880 4.688
201909 5.410 123.175 7.215
201912 5.640 126.235 7.339
202003 7.500 124.705 9.880
202006 2.750 127.000 3.557
202009 5.550 130.118 7.007
202012 5.640 130.889 7.078
202103 7.560 131.771 9.425
202106 1.790 134.084 2.193
202109 3.120 135.847 3.773
202112 3.640 138.161 4.328
202203 4.360 138.822 5.159
202206 1.210 142.347 1.396
202209 2.150 144.661 2.441
202212 0.680 145.763 0.766
202303 2.810 146.865 3.143
202306 1.650 150.280 1.804
202309 2.170 151.492 2.353
202312 3.770 152.924 4.050
202403 5.900 153.035 6.333
202406 3.410 155.789 3.596
202409 3.320 157.882 3.454
202412 4.870 158.323 5.053
202503 10.080 157.552 10.510
202506 4.680 159.755 4.812
202509 6.040 162.289 6.114
202512 4.790 163.281 4.819
202603 7.240 164.272 7.240

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 ₹21.22 mean?
KEC International (NSE:KEC) has a E10 of ₹21.22 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KEC International and its competitors.
Is KEC International's E10 too high?
KEC International's current E10 is ₹21.22. Overall, KEC International has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KEC International's E10 compare to PWR and FIX?
KEC International's E10 of ₹21.22 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 KEC International and its competitors. KEC International's current E10 is ₹21.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEC International stock overvalued right now?
Based on GuruFocus' analysis, KEC International (NSE:KEC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹860.93, compared to a current price of ₹528.15 — trading 38.7% below its estimated fair value. The current E10 is ₹21.22. KEC International's overall GF Score™ is 81/100 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 KEC International (NSE:KEC), the current E10 is ₹21.22 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 KEC International (NSE:KEC) Overvalued in 2026?

Based on GuruFocus' analysis, KEC International stock appears to be undervalued. The current stock price of ₹528.15 is trading 38.7% below its estimated GF Value™ of ₹860.93. GuruFocus considers KEC International to be Possible Value Trap.

Key valuation signals for NSE:KEC:

  • E10: ₹21.22
  • GF Value™: ₹860.93 vs. price of ₹528.15 (38.7% below fair value)
  • GF Score™: 81/100 with 6 warning signs

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


KEC International Business Description

Other Exchanges 532714:India
Address 463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030
KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's business segments include EPC and Others. The company generates the majority of its revenue from the EPC segment. Geographically the company generates revenue from India, UAE, Brazil, Mexico & USA, and Others.
81GF Score

Get the complete analysis for NSE:KEC

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

₹528.15
Price
₹860.93
GF Value