Koal Software Co (SHSE:603232) E10: ¥0.21 (As of Mar. 2026)

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SHSE:603232 Koal Software Co Ltd SHSE:603232
73 GF Score
Price ¥13.43
GF Value ¥10.48
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Koal Software Co E10?

Koal Software Co SHSE:603232 +1.51% 73 E10 is ¥0.21 as of Mar. 2026. GuruFocus rates SHSE:603232 with a GF Score™ of 73/100 and a GF Value™ of ¥10.48 (Modestly Overvalued). The stock has 3 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.

Koal Software Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥-0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Koal Software Co's average E10 Growth Rate was -16.00% 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.

As of today (2026-07-19), Koal Software Co's current stock price is ¥13.43. Koal Software Co's E10 for the quarter that ended in Mar. 2026 was ¥0.21. Koal Software Co's Shiller PE Ratio of today is 63.95.

During the past 13 years, the highest Shiller PE Ratio of Koal Software Co was 123.09. The lowest was 42.39. And the median was 71.65.


Koal Software Co  (SHSE:603232) 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.

Koal Software Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.43/0.21
=63.95

* 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 Koal Software Co was 123.09. The lowest was 42.39. And the median was 71.65.


Be Aware

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


Koal Software Co E10 Related Terms


Koal Software Co E10 Historical Data

* Premium members only.

The historical data trend for Koal Software 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.

Koal Software Co E10 Chart

Koal Software 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 0.00 0.00 0.28 0.22

Koal Software 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 0.25 0.23 0.23 0.22 0.21

SHSE:603232 vs MSFT, ORCL, PLTR: E10 Comparison

For the Software - Infrastructure subindustry, Koal Software 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.


Koal Software Co Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Koal Software Co's Shiller PE Ratio distribution charts can be found below:

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


SHSE:603232
73GF Score
Koal Software Co Ltd SHSE:603232
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koal Software 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, Koal Software 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)
=-0.12/116.3033*116.3033
=-0.120

Current CPI (Mar. 2026) = 116.3033.

Koal Software Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.050 101.400 0.057
201609 0.000 102.400 0.000
201612 0.342 102.600 0.388
201703 0.030 103.200 0.034
201706 0.024 103.100 0.027
201709 0.012 104.100 0.013
201712 0.288 104.500 0.321
201803 0.008 105.300 0.009
201806 0.039 104.900 0.043
201809 0.012 106.600 0.013
201812 0.293 106.500 0.320
201903 -0.012 107.700 -0.013
201906 0.046 107.700 0.050
201909 -0.067 109.800 -0.071
201912 0.367 111.200 0.384
202003 -0.117 112.300 -0.121
202006 -0.033 110.400 -0.035
202009 0.008 111.700 0.008
202012 0.400 111.500 0.417
202103 -0.100 112.662 -0.103
202106 -0.010 111.769 -0.010
202109 0.010 112.215 0.010
202112 0.440 113.108 0.452
202203 -0.240 114.335 -0.244
202206 0.030 114.558 0.030
202209 -0.010 115.339 -0.010
202212 0.180 115.116 0.182
202303 -0.180 115.116 -0.182
202306 -0.040 114.558 -0.041
202309 0.060 115.339 0.061
202312 0.320 114.781 0.324
202403 -0.220 115.227 -0.222
202406 0.000 114.781 0.000
202409 0.060 115.785 0.060
202412 0.320 114.893 0.324
202503 -0.220 115.116 -0.222
202506 -0.090 114.907 -0.091
202509 0.030 115.471 0.030
202512 -0.080 115.832 -0.080
202603 -0.120 116.303 -0.120

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 ¥0.21 mean?
Koal Software Co (SHSE:603232) has a E10 of ¥0.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Koal Software Co and its competitors.
Is Koal Software Co's E10 too high?
Koal Software Co's current E10 is ¥0.21. Overall, Koal Software Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koal Software Co's E10 compare to MSFT and ORCL?
Koal Software Co's E10 of ¥0.21 can be compared against companies in the Software 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 Software company?
A good E10 depends on the Software 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 Koal Software Co and its competitors. Koal Software Co's current E10 is ¥0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koal Software Co stock overvalued right now?
Based on GuruFocus' analysis, Koal Software Co (SHSE:603232) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.48, compared to a current price of ¥13.43 — trading 28.1% above its estimated fair value. The current E10 is ¥0.21. Koal Software Co's overall GF Score™ is 73/100 with 3 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 Koal Software Co (SHSE:603232), the current E10 is ¥0.21 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 Koal Software Co (SHSE:603232) Overvalued in 2026?

Based on GuruFocus' analysis, Koal Software Co stock appears to be overvalued. The current stock price of ¥13.43 is trading 28.1% above its estimated GF Value™ of ¥10.48. GuruFocus considers Koal Software Co to be Modestly Overvalued.

Key valuation signals for SHSE:603232:

  • E10: ¥0.21
  • GF Value™: ¥10.48 vs. price of ¥13.43 (28.1% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koal Software Co Business Description

Address No. 1-7, Lane 58, Muchuan Road, Industry Base A2 Building, Sijing Town, Songjiang District, Shanghai, CHN, 201601
Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.
73GF Score

Get the complete analysis for SHSE:603232

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

¥13.43
Price
¥10.48
GF Value