Kitano Construction (TSE:1866) E10: 円125.62 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:1866 Kitano Construction Corp TSE:1866
65 GF Score
Price 円1,160.00
GF Value 円877.65
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kitano Construction E10?

Kitano Construction TSE:1866 +0.26% 65 E10 is 円125.62 as of Mar. 2026. GuruFocus rates TSE:1866 with a GF Score™ of 65/100 and a GF Value™ of 円877.65 (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.

Kitano Construction's adjusted earnings per share data for the three months ended in Mar. 2026 was 円48.259. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円125.62 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 6.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Kitano Construction was 7.50% per year. The lowest was 5.60% per year. And the median was 6.50% per year.

As of today (2026-09-07), Kitano Construction's current stock price is 円1160.00. Kitano Construction's E10 for the quarter that ended in Mar. 2026 was 円125.62. Kitano Construction's Shiller PE Ratio of today is 9.23.

During the past 13 years, the highest Shiller PE Ratio of Kitano Construction was 15.50. The lowest was 5.31. And the median was 7.52.


Kitano Construction  (TSE:1866) 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.

Kitano Construction's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1160.00/125.62
=9.23

* 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 Kitano Construction was 15.50. The lowest was 5.31. And the median was 7.52.


Be Aware

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


Kitano Construction E10 Related Terms


Kitano Construction E10 Historical Data

* Premium members only.

The historical data trend for Kitano Construction'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.

Kitano Construction E10 Chart

Kitano Construction 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 96.79 105.60 114.55 0.00 125.62

Kitano Construction Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 120.25 122.74 124.17 125.62 0.00

TSE:1866 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Kitano Construction'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.


Kitano Construction Shiller PE Ratio vs Construction Industry

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

* The bar in red indicates where Kitano Construction's Shiller PE Ratio falls into.


TSE:1866
65GF Score
Kitano Construction Corp TSE:1866
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitano Construction 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, Kitano Construction'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)
=48.259/112.7000*112.7000
=48.259

Current CPI (Mar. 2026) = 112.7000.

Kitano Construction Quarterly Data

per share eps CPI Adj_EPS
201603 15.625 97.900 17.987
201606 17.300 98.100 19.875
201609 30.243 98.000 34.779
201612 34.800 98.400 39.857
201703 51.043 98.100 58.640
201706 22.075 98.500 25.257
201709 26.710 98.800 30.468
201712 64.133 99.400 72.714
201803 29.409 99.200 33.411
201806 51.485 99.200 58.492
201809 41.245 99.900 46.530
201812 35.265 99.700 39.863
201903 -9.420 99.700 -10.648
201906 14.245 99.800 16.086
201909 15.493 100.100 17.443
201912 25.240 100.500 28.304
202003 31.003 100.300 34.836
202006 8.670 99.900 9.781
202009 16.539 99.900 18.658
202012 21.610 99.300 24.526
202103 25.825 99.900 29.134
202106 10.735 99.500 12.159
202109 -4.273 100.100 -4.811
202112 20.992 100.100 23.634
202203 42.648 101.100 47.541
202206 8.640 101.800 9.565
202209 50.266 103.100 54.946
202212 44.588 104.100 48.272
202303 -22.835 104.400 -24.650
202306 23.768 105.200 25.462
202309 32.898 106.200 34.912
202312 62.845 106.800 66.317
202403 48.890 107.200 51.398
202406 26.713 108.200 27.824
202409 60.368 108.900 62.475
202503 0.000 111.100 0.000
202506 19.780 111.700 19.957
202509 35.650 112.000 35.873
202512 39.810 113.000 39.704
202603 48.259 112.700 48.259

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125.62 mean?
Kitano Construction (TSE:1866) has a E10 of 円125.62 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kitano Construction and its competitors.
Is Kitano Construction's E10 too high?
Kitano Construction's current E10 is 円125.62. Overall, Kitano Construction has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitano Construction's E10 compare to PWR and FIX?
Kitano Construction's E10 of 円125.62 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 Kitano Construction and its competitors. Kitano Construction's current E10 is 円125.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitano Construction stock overvalued right now?
Based on GuruFocus' analysis, Kitano Construction (TSE:1866) is currently considered Significantly Overvalued. The stock's GF Value™ is 円877.65, compared to a current price of 円1,160.00 — trading 32.2% above its estimated fair value. The current E10 is 円125.62. Kitano Construction's overall GF Score™ is 65/100 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 Kitano Construction (TSE:1866), the current E10 is 円125.62 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 Kitano Construction (TSE:1866) Overvalued in 2026?

Based on GuruFocus' analysis, Kitano Construction stock appears to be overvalued. The current stock price of 円1,160.00 is trading 32.2% above its estimated GF Value™ of 円877.65. GuruFocus considers Kitano Construction to be Significantly Overvalued.

Key valuation signals for TSE:1866:

  • E10: 円125.62
  • GF Value™: 円877.65 vs. price of 円1,160.00 (32.2% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TSE:1866 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitano Construction Business Description

Address 1-9-2 Ginza, Chuo-ku, Tokyo, JPN, 104-8116
Kitano Construction Corp provides real estate services in Japan. Its business activities include planning, designing, construction management and consulting of construction work and development of urban, regional and resort projects.
65GF Score

Get the complete analysis for TSE:1866

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

円1,160.00
Price
円877.65
GF Value