Kumagai Gumi Co (TSE:1861) E10: 円90.63 (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.

TSE:1861 Kumagai Gumi Co Ltd TSE:1861
78 GF Score
Price 円1,477.00
GF Value 円1,092.94
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kumagai Gumi Co E10?

Kumagai Gumi Co TSE:1861 -0.87% 78 E10 is 円90.63 as of Mar. 2026. GuruFocus rates TSE:1861 with a GF Score™ of 78/100 and a GF Value™ of 円1,092.94 (Significantly Overvalued). The stock has 5 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.

Kumagai Gumi Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円47.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円90.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kumagai Gumi Co's average E10 Growth Rate was 4.20% per year. During the past 3 years, the average E10 Growth Rate was 4.00% per year. During the past 5 years, the average E10 Growth Rate was 6.70% per year. During the past 10 years, the average E10 Growth Rate was 17.20% 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 Kumagai Gumi Co was 44.50% per year. The lowest was 4.00% per year. And the median was 13.70% per year.

As of today (2026-07-17), Kumagai Gumi Co's current stock price is 円1477.00. Kumagai Gumi Co's E10 for the quarter that ended in Mar. 2026 was 円90.63. Kumagai Gumi Co's Shiller PE Ratio of today is 16.30.

During the past 13 years, the highest Shiller PE Ratio of Kumagai Gumi Co was 49.17. The lowest was 7.93. And the median was 12.24.


Kumagai Gumi Co  (TSE:1861) 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.

Kumagai Gumi Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1477.00/90.63
=16.30

* 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 Kumagai Gumi Co was 49.17. The lowest was 7.93. And the median was 12.24.


Be Aware

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


Kumagai Gumi Co E10 Related Terms


Kumagai Gumi Co E10 Historical Data

* Premium members only.

The historical data trend for Kumagai Gumi 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.

Kumagai Gumi Co E10 Chart

Kumagai Gumi Co 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 72.04 80.54 82.17 86.95 90.63

Kumagai Gumi 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 86.95 85.54 84.46 86.22 90.63

TSE:1861 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Kumagai Gumi 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.


Kumagai Gumi Co Shiller PE Ratio vs Construction Industry

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

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


TSE:1861
78GF Score
Kumagai Gumi Co Ltd TSE:1861
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kumagai Gumi 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, Kumagai Gumi 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)
=47.27/112.7000*112.7000
=47.270

Current CPI (Mar. 2026) = 112.7000.

Kumagai Gumi Co Quarterly Data

per share eps CPI Adj_EPS
201606 17.100 98.100 19.645
201609 30.005 98.000 34.506
201612 34.039 98.400 38.986
201703 28.808 98.100 33.095
201706 14.528 98.500 16.622
201709 25.872 98.800 29.512
201712 24.947 99.400 28.285
201803 27.429 99.200 31.162
201806 7.485 99.200 8.504
201809 16.583 99.900 18.708
201812 24.477 99.700 27.669
201903 22.793 99.700 25.765
201906 21.030 99.800 23.748
201909 21.378 100.100 24.069
201912 23.771 100.500 26.657
202003 38.150 100.300 42.866
202006 14.588 99.900 16.457
202009 26.875 99.900 30.318
202012 23.500 99.300 26.671
202103 31.208 99.900 35.207
202106 10.855 99.500 12.295
202109 22.723 100.100 25.583
202112 24.313 100.100 27.373
202203 27.643 101.100 30.815
202206 3.195 101.800 3.537
202209 9.305 103.100 10.171
202212 9.858 104.100 10.672
202303 22.553 104.400 24.346
202306 0.393 105.200 0.421
202309 13.603 106.200 14.436
202312 20.175 106.800 21.290
202403 13.918 107.200 14.632
202406 0.633 108.200 0.659
202409 2.418 108.900 2.502
202412 0.343 110.700 0.349
202503 51.038 111.100 51.773
202506 6.758 111.700 6.819
202509 22.083 112.000 22.221
202512 40.820 113.000 40.712
202603 47.270 112.700 47.270

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 円90.63 mean?
Kumagai Gumi Co (TSE:1861) has a E10 of 円90.63 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kumagai Gumi Co and its competitors.
Is Kumagai Gumi Co's E10 too high?
Kumagai Gumi Co's current E10 is 円90.63. Overall, Kumagai Gumi Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kumagai Gumi Co's E10 compare to PWR and FIX?
Kumagai Gumi Co's E10 of 円90.63 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 Kumagai Gumi Co and its competitors. Kumagai Gumi Co's current E10 is 円90.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kumagai Gumi Co stock overvalued right now?
Based on GuruFocus' analysis, Kumagai Gumi Co (TSE:1861) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,092.94, compared to a current price of 円1,477.00 — trading 35.1% above its estimated fair value. The current E10 is 円90.63. Kumagai Gumi Co's overall GF Score™ is 78/100 with 5 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 Kumagai Gumi Co (TSE:1861), the current E10 is 円90.63 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 Kumagai Gumi Co (TSE:1861) Overvalued in 2026?

Based on GuruFocus' analysis, Kumagai Gumi Co stock appears to be overvalued. The current stock price of 円1,477.00 is trading 35.1% above its estimated GF Value™ of 円1,092.94. GuruFocus considers Kumagai Gumi Co to be Significantly Overvalued.

Key valuation signals for TSE:1861:

  • E10: 円90.63
  • GF Value™: 円1,092.94 vs. price of 円1,477.00 (35.1% above fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the TSE:1861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kumagai Gumi Co Business Description

Other Exchanges KUG1:Germany
Address 2-1 Tsukudocho, Shinjuku-ku, Tokyo, JPN, 162-8557
Kumagai Gumi Co Ltd is a Japanese company that provides services in construction and civil engineering. The company analyzes, designs, and supervises complex construction projects. It also offers engineering and technical services throughout the construction process. These projects include roads, railways, airports, water systems, and other public facilities. In addition, the company is engaged in manufacturing and selling construction materials and machinery. Construction activities account for the majority of revenue. The company generates additional revenue from developing residential and commercial complexes and either operating the building or acting as a broker and selling the real estate.
78GF Score

Get the complete analysis for TSE:1861

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

円1,477.00
Price
円1,092.94
GF Value