KFC (TSE:3420) E10: 円231.53 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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:3420 KFC Ltd TSE:3420
60 GF Score
Price 円1,588.00
GF Value 円1,529.89
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is KFC E10?

KFC TSE:3420 +0.13% 60 E10 is 円231.53 as of Mar. 2026. GuruFocus rates TSE:3420 with a GF Score™ of 60/100 and a GF Value™ of 円1,529.89 (Fairly Valued). 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.

KFC's adjusted earnings per share data for the three months ended in Mar. 2026 was 円70.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円231.53 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 1.50% 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 KFC was 13.50% per year. The lowest was 1.50% per year. And the median was 11.95% per year.

As of today (2026-09-04), KFC's current stock price is 円1588.00. KFC's E10 for the quarter that ended in Mar. 2026 was 円231.53. KFC's Shiller PE Ratio of today is 6.86.

During the past 13 years, the highest Shiller PE Ratio of KFC was 18.70. The lowest was 5.12. And the median was 8.49.


KFC  (TSE:3420) 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.

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

Shiller PE Ratio=Share Price/E10
=1588.00/231.53
=6.86

* 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 KFC was 18.70. The lowest was 5.12. And the median was 8.49.


Be Aware

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


KFC E10 Related Terms


KFC E10 Historical Data

* Premium members only.

The historical data trend for KFC'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.

KFC E10 Chart

KFC 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 198.21 221.39 238.53 0.00 231.53

KFC 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 239.50 234.52 234.46 231.53 0.00

TSE:3420 vs MMM, HON: E10 Comparison

For the Conglomerates subindustry, KFC'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.


KFC Shiller PE Ratio vs Conglomerates Industry

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

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


TSE:3420
60GF Score
KFC Ltd TSE:3420
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KFC 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, KFC'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)
=70.47/112.7000*112.7000
=70.470

Current CPI (Mar. 2026) = 112.7000.

KFC Quarterly Data

per share eps CPI Adj_EPS
201603 15.990 97.900 18.407
201606 61.690 98.100 70.871
201609 40.802 98.000 46.922
201612 104.961 98.400 120.214
201703 46.400 98.100 53.306
201706 18.340 98.500 20.984
201709 59.300 98.800 67.643
201712 71.620 99.400 81.203
201803 90.219 99.200 102.497
201806 23.460 99.200 26.653
201809 36.110 99.900 40.737
201812 73.937 99.700 83.578
201903 78.830 99.700 89.109
201906 22.730 99.800 25.668
201909 63.640 100.100 71.651
201912 81.540 100.500 91.438
202003 117.920 100.300 132.498
202006 43.640 99.900 49.232
202009 41.390 99.900 46.693
202012 95.048 99.300 107.874
202103 133.348 99.900 150.434
202106 45.760 99.500 51.831
202109 57.840 100.100 65.121
202112 76.548 100.100 86.183
202203 69.960 101.100 77.987
202206 -4.600 101.800 -5.093
202209 14.316 103.100 15.649
202212 80.160 104.100 86.782
202303 53.066 104.400 57.285
202306 8.310 105.200 8.902
202309 20.886 106.200 22.164
202312 53.700 106.800 56.667
202403 77.030 107.200 80.982
202406 -1.890 108.200 -1.969
202409 14.820 108.900 15.337
202503 0.000 111.100 0.000
202506 26.330 111.700 26.566
202509 2.930 112.000 2.948
202512 42.150 113.000 42.038
202603 70.470 112.700 70.470

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231.53 mean?
KFC (TSE:3420) has a E10 of 円231.53 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KFC and its competitors.
Is KFC's E10 too high?
KFC's current E10 is 円231.53. Overall, KFC has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KFC's E10 compare to MMM and HON?
KFC's E10 of 円231.53 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 KFC and its competitors. KFC's current E10 is 円231.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KFC stock overvalued right now?
Based on GuruFocus' analysis, KFC (TSE:3420) is currently considered Fairly Valued. The stock's GF Value™ is 円1,529.89, compared to a current price of 円1,588.00 — trading 3.8% above its estimated fair value. The current E10 is 円231.53. KFC's overall GF Score™ is 60/100 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 KFC (TSE:3420), the current E10 is 円231.53 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 KFC (TSE:3420) Overvalued in 2026?

Based on GuruFocus' analysis, KFC stock appears to be overvalued. The current stock price of 円1,588.00 is trading 3.8% above its estimated GF Value™ of 円1,529.89. GuruFocus considers KFC to be Fairly Valued.

Key valuation signals for TSE:3420:

  • E10: 円231.53
  • GF Value™: 円1,529.89 vs. price of 円1,588.00 (3.8% above fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the TSE:3420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KFC Business Description

Address No. 2 17, Nishitenumi Northern Ward, Osaka, JPN, 530-0047
KFC Ltd manufactures and sells construction materials. The company's business is divided into three divisions namely Fastener business division which includes the production and sales of steel materials and various hardware products, design and construction of earthquake-resistant construction works of constructions, and others., The civil engineering material business division comprises of manufacture and sales of tunnel support materials such as lock bolts, sales of tunnel waterproof sheets and accessories welding machines and construction machines, and others, and the Construction business division consists of designing and construction of environmental construction such as tunnel interior and fireproof construction and sound insulation wall installation work, and others.
60GF Score

Get the complete analysis for TSE:3420

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

円1,588.00
Price
円1,529.89
GF Value