Kweichow Moutai Co (SHSE:600519) E10: ¥45.06 (As of Mar. 2026)

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SHSE:600519 Kweichow Moutai Co Ltd SHSE:600519
99 GF Score
Price ¥1,292.01
GF Value ¥1,594.27
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kweichow Moutai Co E10?

Kweichow Moutai Co SHSE:600519 -1.00% 99 E10 is ¥45.06 as of Mar. 2026. GuruFocus rates SHSE:600519 with a GF Score™ of 99/100 and a GF Value™ of ¥1,594.27 (Modestly Undervalued). 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.

Kweichow Moutai Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥21.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥45.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kweichow Moutai Co's average E10 Growth Rate was 14.10% per year. During the past 3 years, the average E10 Growth Rate was 15.80% per year. During the past 5 years, the average E10 Growth Rate was 16.60% per year. During the past 10 years, the average E10 Growth Rate was 19.80% 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 Kweichow Moutai Co was 34.80% per year. The lowest was 15.80% per year. And the median was 21.10% per year.

As of today (2026-07-23), Kweichow Moutai Co's current stock price is ¥1292.01. Kweichow Moutai Co's E10 for the quarter that ended in Mar. 2026 was ¥45.06. Kweichow Moutai Co's Shiller PE Ratio of today is 28.67.

During the past 13 years, the highest Shiller PE Ratio of Kweichow Moutai Co was 129.86. The lowest was 25.93. And the median was 59.40.


Kweichow Moutai Co  (SHSE:600519) 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.

Kweichow Moutai Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1292.01/45.06
=28.67

* 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 Kweichow Moutai Co was 129.86. The lowest was 25.93. And the median was 59.40.


Be Aware

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


Kweichow Moutai Co E10 Related Terms


Kweichow Moutai Co E10 Historical Data

* Premium members only.

The historical data trend for Kweichow Moutai 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.

Kweichow Moutai Co E10 Chart

Kweichow Moutai 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 23.66 27.79 32.22 37.68 43.15

Kweichow Moutai 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 39.49 40.57 41.98 43.15 45.06

SHSE:600519 vs BF.B: E10 Comparison

For the Beverages - Wineries & Distilleries subindustry, Kweichow Moutai 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.


Kweichow Moutai Co Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kweichow Moutai Co's Shiller PE Ratio distribution charts can be found below:

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


SHSE:600519
99GF Score
Kweichow Moutai Co Ltd SHSE:600519
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kweichow Moutai 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, Kweichow Moutai 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)
=21.76/116.3033*116.3033
=21.760

Current CPI (Mar. 2026) = 116.3033.

Kweichow Moutai Co Quarterly Data

per share eps CPI Adj_EPS
201606 3.120 101.400 3.579
201609 2.920 102.400 3.316
201612 3.390 102.600 3.843
201703 4.870 103.200 5.488
201706 4.090 103.100 4.614
201709 6.950 104.100 7.765
201712 5.650 104.500 6.288
201803 6.770 105.300 7.477
201806 5.780 104.900 6.408
201809 7.140 106.600 7.790
201812 8.330 106.500 9.097
201903 8.930 107.700 9.643
201906 6.950 107.700 7.505
201909 8.360 109.800 8.855
201912 8.560 111.200 8.953
202003 10.420 112.300 10.791
202006 7.570 110.400 7.975
202009 8.940 111.700 9.308
202012 10.240 111.500 10.681
202103 11.110 112.662 11.469
202106 8.520 111.769 8.866
202109 10.040 112.215 10.406
202112 12.090 113.108 12.432
202203 13.730 114.335 13.966
202206 9.990 114.558 10.142
202209 11.620 115.339 11.717
202212 14.590 115.116 14.741
202303 16.550 115.116 16.721
202306 12.090 114.558 12.274
202309 13.450 115.339 13.562
202312 17.400 114.781 17.631
202403 19.160 115.227 19.339
202406 14.030 114.781 14.216
202409 15.230 115.785 15.298
202412 20.220 114.893 20.468
202503 21.380 115.116 21.601
202506 14.800 114.907 14.980
202509 15.350 115.471 15.461
202512 14.130 115.832 14.187
202603 21.760 116.303 21.760

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 ¥45.06 mean?
Kweichow Moutai Co (SHSE:600519) has a E10 of ¥45.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kweichow Moutai Co and its competitors.
Is Kweichow Moutai Co's E10 too high?
Kweichow Moutai Co's current E10 is ¥45.06. Overall, Kweichow Moutai Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kweichow Moutai Co's E10 compare to BF.B?
Kweichow Moutai Co's E10 of ¥45.06 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 Kweichow Moutai Co and its competitors. Kweichow Moutai Co's current E10 is ¥45.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kweichow Moutai Co stock overvalued right now?
Based on GuruFocus' analysis, Kweichow Moutai Co (SHSE:600519) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1,594.27, compared to a current price of ¥1,292.01 — trading 19% below its estimated fair value. The current E10 is ¥45.06. Kweichow Moutai Co's overall GF Score™ is 99/100 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 Kweichow Moutai Co (SHSE:600519), the current E10 is ¥45.06 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 Kweichow Moutai Co (SHSE:600519) Overvalued in 2026?

Based on GuruFocus' analysis, Kweichow Moutai Co stock appears to be undervalued. The current stock price of ¥1,292.01 is trading 19% below its estimated GF Value™ of ¥1,594.27. GuruFocus considers Kweichow Moutai Co to be Modestly Undervalued.

Key valuation signals for SHSE:600519:

  • E10: ¥45.06
  • GF Value™: ¥1,594.27 vs. price of ¥1,292.01 (19% below fair value)
  • GF Score™: 99/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kweichow Moutai Co Business Description

Other Exchanges MOUTAI80:Thailand
Address Maotai Town, Guizhou Province, Renhuai, CHN, 564501
Kweichow Moutai is China's largest baijiu producer, with sales revenue of over CNY 170 billion in 2024. Established in 1951, Moutai is headquartered in Moutai Town, Renhuai City, Guizhou province, in southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Moutai's unparalleled brand strength and premium product quality have led to remarkable pricing power, allowing it to achieve the industry's highest retail prices and profit margins. The State-owned Assets Supervision and Administration Commission of Guizhou province, through Moutai Group, controls a 49% stake in Kweichow Moutai.
99GF Score

Get the complete analysis for SHSE:600519

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

¥1,292.01
Price
¥1,594.27
GF Value