Kyowanissei Co (TSE:1981) E10: 円102.65 (As of Mar. 2026)

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TSE:1981 Kyowanissei Co Ltd TSE:1981
55 GF Score
Price 円1,318.00
GF Value 円1,677.85
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kyowanissei Co E10?

Kyowanissei Co TSE:1981 -0.15% 55 E10 is 円102.65 as of Mar. 2026. GuruFocus rates TSE:1981 with a GF Score™ of 55/100 and a GF Value™ of 円1,677.85 (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.

Kyowanissei Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円43.142. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円102.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kyowanissei Co's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 3.50% per year. During the past 5 years, the average E10 Growth Rate was 4.50% 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 Kyowanissei Co was 10.00% per year. The lowest was 3.50% per year. And the median was 6.80% per year.

As of today (2026-08-14), Kyowanissei Co's current stock price is 円1318.00. Kyowanissei Co's E10 for the quarter that ended in Mar. 2026 was 円102.65. Kyowanissei Co's Shiller PE Ratio of today is 12.84.

During the past 13 years, the highest Shiller PE Ratio of Kyowanissei Co was 15.76. The lowest was 9.59. And the median was 13.43.


Kyowanissei Co  (TSE:1981) 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.

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

Shiller PE Ratio=Share Price/E10
=1318.00/102.65
=12.84

* 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 Kyowanissei Co was 15.76. The lowest was 9.59. And the median was 13.43.


Be Aware

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


Kyowanissei Co E10 Related Terms


Kyowanissei Co E10 Historical Data

* Premium members only.

The historical data trend for Kyowanissei 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.

Kyowanissei Co E10 Chart

Kyowanissei 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 89.16 94.92 94.54 0.00 102.65

Kyowanissei Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 96.50 98.80 101.08 102.65

TSE:1981 vs TT, JCI, CARR: E10 Comparison

For the Building Products & Equipment subindustry, Kyowanissei 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.


Kyowanissei Co Shiller PE Ratio vs Construction Industry

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

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


TSE:1981
55GF Score
Kyowanissei Co Ltd TSE:1981
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyowanissei 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, Kyowanissei 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)
=43.142/112.7000*112.7000
=43.142

Current CPI (Mar. 2026) = 112.7000.

Kyowanissei Co Quarterly Data

per share eps CPI Adj_EPS
201603 33.054 97.900 38.051
201606 13.740 98.100 15.785
201609 12.734 98.000 14.644
201612 20.048 98.400 22.961
201703 49.370 98.100 56.718
201706 17.910 98.500 20.492
201709 22.800 98.800 26.008
201712 14.370 99.400 16.293
201803 22.824 99.200 25.930
201806 0.570 99.200 0.648
201809 2.160 99.900 2.437
201812 23.743 99.700 26.839
201903 37.700 99.700 42.616
201906 5.320 99.800 6.008
201909 26.860 100.100 30.241
201912 17.411 100.500 19.525
202003 29.290 100.300 32.911
202006 62.530 99.900 70.542
202009 27.720 99.900 31.272
202012 27.505 99.300 31.217
202103 33.360 99.900 37.634
202106 11.470 99.500 12.992
202109 27.020 100.100 30.421
202112 9.669 100.100 10.886
202203 45.560 101.100 50.787
202206 6.000 101.800 6.642
202209 12.123 103.100 13.252
202212 18.600 104.100 20.137
202303 44.570 104.400 48.113
202306 11.620 105.200 12.448
202309 15.090 106.200 16.014
202312 27.145 106.800 28.645
202403 41.488 107.200 43.617
202406 5.710 108.200 5.947
202409 13.390 108.900 13.857
202503 0.000 111.100 0.000
202506 17.470 111.700 17.626
202509 31.090 112.000 31.284
202512 26.310 113.000 26.240
202603 43.142 112.700 43.142

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102.65 mean?
Kyowanissei Co (TSE:1981) has a E10 of 円102.65 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kyowanissei Co and its competitors.
Is Kyowanissei Co's E10 too high?
Kyowanissei Co's current E10 is 円102.65. Overall, Kyowanissei Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyowanissei Co's E10 compare to TT and JCI?
Kyowanissei Co's E10 of 円102.65 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 Kyowanissei Co and its competitors. Kyowanissei Co's current E10 is 円102.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowanissei Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowanissei Co (TSE:1981) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,677.85, compared to a current price of 円1,318.00 — trading 21.4% below its estimated fair value. The current E10 is 円102.65. Kyowanissei Co's overall GF Score™ is 55/100 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 Kyowanissei Co (TSE:1981), the current E10 is 円102.65 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 Kyowanissei Co (TSE:1981) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowanissei Co stock appears to be undervalued. The current stock price of 円1,318.00 is trading 21.4% below its estimated GF Value™ of 円1,677.85. GuruFocus considers Kyowanissei Co to be Modestly Undervalued.

Key valuation signals for TSE:1981:

  • E10: 円102.65
  • GF Value™: 円1,677.85 vs. price of 円1,318.00 (21.4% below fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the TSE:1981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowanissei Co Business Description

Address 3-8-5, Irifune Chuo-Ku, Tokyo, JPN, 104-0042
Kyowanissei Co Ltd is engaged in the construction business in Japan. It constructs gas facilities & apartment buildings & plant facilities It also provides maintenance, repair & installation services for sanitary equipment & air conditioning equipment. Its gasworks includes interior and underground piping work; construction and facility work include construction work, water supply, and drainage work, the air-conditioning system work and interior finishing work; electrical facility and civil engineering work include underground burial of electric cables work, engineering work, as well as water and sewerage work. Its segments include: Construction facilities business; Gas equipment business; Gas pipeline business; and Electrical installation/civil engineering business.
55GF Score

Get the complete analysis for TSE:1981

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

円1,318.00
Price
円1,677.85
GF Value