FS KKR Capital (STU:FS5A) E10: €3.02 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:FS5A FS KKR Capital Corp STU:FS5A
43 GF Score
Price €9.52
GF Value €20.66
Valuation Significantly Undervalued
View Full Analysis

What is FS KKR Capital E10?

FS KKR Capital STU:FS5A +0.85% 43 E10 is €3.02 as of Mar. 2026. GuruFocus rates STU:FS5A with a GF Score™ of 43/100 and a GF Value™ of €20.66 (Significantly Undervalued).

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.

FS KKR Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was €-1.358. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, FS KKR Capital's average E10 Growth Rate was 0.60% per year. During the past 3 years, the average E10 Growth Rate was -2.20% per year. During the past 5 years, the average E10 Growth Rate was 0.10% 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 FS KKR Capital was 4.70% per year. The lowest was -5.10% per year. And the median was 0.30% per year.

As of today (2026-07-16), FS KKR Capital's current stock price is €9.515. FS KKR Capital's E10 for the quarter that ended in Mar. 2026 was €3.02. FS KKR Capital's Shiller PE Ratio of today is 3.15.

During the past 13 years, the highest Shiller PE Ratio of FS KKR Capital was 7.18. The lowest was 2.78. And the median was 5.28.


FS KKR Capital  (STU:FS5A) 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.

FS KKR Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.515/3.02
=3.15

* 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 FS KKR Capital was 7.18. The lowest was 2.78. And the median was 5.28.


Be Aware

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


FS KKR Capital E10 Related Terms


FS KKR Capital E10 Historical Data

* Premium members only.

The historical data trend for FS KKR Capital'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.

FS KKR Capital E10 Chart

FS KKR Capital 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 3.64 3.53 3.37 3.38 2.95

FS KKR Capital 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 3.22 2.82 2.93 2.95 3.02

STU:FS5A vs HTGC, JPC, EXG: E10 Comparison

For the Asset Management subindustry, FS KKR Capital'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.


FS KKR Capital Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, FS KKR Capital's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where FS KKR Capital's Shiller PE Ratio falls into.


STU:FS5A
43GF Score
FS KKR Capital Corp STU:FS5A
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FS KKR Capital 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, FS KKR Capital'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)
=-1.358/330.2130*330.2130
=-1.358

Current CPI (Mar. 2026) = 330.2130.

FS KKR Capital Quarterly Data

per share eps CPI Adj_EPS
201606 2.065 241.018 2.829
201609 1.675 241.428 2.291
201612 0.796 241.432 1.089
201703 0.972 243.801 1.317
201706 0.285 244.955 0.384
201709 1.175 246.819 1.572
201712 0.203 246.524 0.272
201803 0.162 249.554 0.214
201806 -0.445 251.989 -0.583
201809 -0.171 252.439 -0.224
201812 8.377 251.233 11.010
201903 0.673 254.202 0.874
201906 0.681 256.143 0.878
201909 0.499 256.759 0.642
201912 -0.171 256.974 -0.220
202003 -5.059 258.115 -6.472
202006 -0.391 257.797 -0.501
202009 1.443 260.280 1.831
202012 0.937 260.474 1.188
202103 1.352 264.877 1.685
202106 4.773 271.696 5.801
202109 0.808 274.310 0.973
202112 0.027 278.802 0.032
202203 0.717 287.504 0.824
202206 -0.246 296.311 -0.274
202209 -0.455 296.808 -0.506
202212 0.217 296.797 0.241
202303 0.663 301.836 0.725
202306 0.471 305.109 0.510
202309 0.890 307.789 0.955
202312 0.293 306.746 0.315
202403 0.570 312.332 0.603
202406 0.344 314.175 0.362
202409 0.514 315.301 0.538
202412 0.506 315.605 0.529
202503 0.398 319.799 0.411
202506 -0.650 322.561 -0.665
202509 0.648 324.800 0.659
202512 -0.350 324.054 -0.357
202603 -1.358 330.213 -1.358

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 €3.02 mean?
FS KKR Capital (STU:FS5A) has a E10 of €3.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on FS KKR Capital and its competitors.
Is FS KKR Capital's E10 too high?
FS KKR Capital's current E10 is €3.02. Overall, FS KKR Capital has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's E10 compare to HTGC and JPC?
FS KKR Capital's E10 of €3.02 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 FS KKR Capital and its competitors. FS KKR Capital's current E10 is €3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (STU:FS5A) is currently considered Significantly Undervalued. The stock's GF Value™ is €20.66, compared to a current price of €9.52 — trading 53.9% below its estimated fair value. The current E10 is €3.02. FS KKR Capital's overall GF Score™ is 43/100. 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 FS KKR Capital (STU:FS5A), the current E10 is €3.02 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 FS KKR Capital (STU:FS5A) Overvalued in 2026?

Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued. The current stock price of €9.52 is trading 53.9% below its estimated GF Value™ of €20.66. GuruFocus considers FS KKR Capital to be Significantly Undervalued.

Key valuation signals for STU:FS5A:

  • E10: €3.02
  • GF Value™: €20.66 vs. price of €9.52 (53.9% below fair value)
  • GF Score™: 43/100

No single metric tells the full story. See the STU:FS5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FS KKR Capital Business Description

Other Exchanges FSK:USA
Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
43GF Score

Get the complete analysis for STU:FS5A

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

€9.52
Price
€20.66
GF Value