KLab (TSE:3656) E10: 円-12.96 (As of Dec. 2025)


TSE:3656 KLab Inc TSE:3656
46 GF Score
Price 円210.00
GF Value 円95.99
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is KLab E10?

KLab TSE:3656 -2.33% 46 E10 is 円-12.96 as of Dec. 2025. GuruFocus rates TSE:3656 with a GF Score™ of 46/100 and a GF Value™ of 円95.99 (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.

KLab's adjusted earnings per share data for the three months ended in Dec. 2025 was 円-0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円-12.96 for the trailing ten years ended in Dec. 2025.

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.

As of today (2026-06-30), KLab's current stock price is 円210.00. KLab's E10 for the quarter that ended in Dec. 2025 was 円-12.96. KLab's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of KLab was 439.53. The lowest was 21.42. And the median was 37.24.


KLab  (TSE:3656) 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.

During the past 13 years, the highest Shiller P/E Ratio of KLab was 439.53. The lowest was 21.42. And the median was 37.24.


Be Aware

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


KLab E10 Related Terms


KLab E10 Historical Data

* Premium members only.

The historical data trend for KLab'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.

KLab E10 Chart

KLab 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 17.14 9.60 8.54 -3.29 -12.96

KLab 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 -5.58 -14.47 -13.48 -12.96 0.00

TSE:3656 vs NTES, EA, TTWO: E10 Comparison

For the Electronic Gaming & Multimedia subindustry, KLab'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.


KLab Shiller PE Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, KLab's Shiller PE Ratio distribution charts can be found below:

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


TSE:3656
46GF Score
KLab Inc TSE:3656
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KLab 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, KLab's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.98/113.0000*113.0000
=-0.980

Current CPI (Dec. 2025) = 113.0000.

KLab Quarterly Data

per share eps CPI Adj_EPS
201603 -11.330 97.900 -13.078
201606 -25.422 98.100 -29.283
201609 14.798 98.000 17.063
201612 -0.349 98.400 -0.401
201703 18.390 98.100 21.183
201706 19.990 98.500 22.933
201709 29.200 98.800 33.397
201712 13.760 99.400 15.643
201803 20.750 99.200 23.637
201806 23.410 99.200 26.667
201809 23.800 99.900 26.921
201812 -1.570 99.700 -1.779
201903 7.780 99.700 8.818
201906 13.190 99.800 14.935
201909 10.820 100.100 12.214
201912 -22.200 100.500 -24.961
202003 -3.540 100.300 -3.988
202006 3.957 99.900 4.476
202009 21.830 99.900 24.693
202012 -2.360 99.300 -2.686
202103 -35.960 99.900 -40.675
202106 -8.388 99.500 -9.526
202109 -1.690 100.100 -1.908
202112 -44.772 100.100 -50.542
202203 -4.660 101.100 -5.209
202206 -4.360 101.800 -4.840
202209 0.887 103.100 0.972
202212 -5.960 104.100 -6.470
202303 -9.030 104.400 -9.774
202306 -0.652 105.200 -0.700
202309 -4.950 106.200 -5.267
202312 -30.357 106.800 -32.119
202403 -27.100 107.200 -28.566
202406 -5.446 108.200 -5.688
202409 -8.320 108.900 -8.633
202412 -22.120 110.700 -22.580
202503 -9.750 111.100 -9.917
202506 -81.210 111.700 -82.155
202509 18.410 112.000 18.574
202512 -0.980 113.000 -0.980

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-12.96 mean?
KLab (TSE:3656) has a E10 of 円-12.96 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KLab and its competitors.
Is KLab's E10 too high?
KLab's current E10 is 円-12.96. Overall, KLab has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KLab's E10 compare to NTES and EA?
KLab's E10 of 円-12.96 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good E10 depends on the Interactive Media 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 KLab and its competitors. KLab's current E10 is 円-12.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLab stock overvalued right now?
Based on GuruFocus' analysis, KLab (TSE:3656) is currently considered Significantly Overvalued. The stock's GF Value™ is 円95.99, compared to a current price of 円210.00 — trading 118.8% above its estimated fair value. The current E10 is 円-12.96. KLab's overall GF Score™ is 46/100 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 KLab (TSE:3656), the current E10 is 円-12.96 as of Dec. 2025. 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 KLab (TSE:3656) Overvalued in 2026?

Based on GuruFocus' analysis, KLab stock appears to be overvalued. The current stock price of 円210.00 is trading 118.8% above its estimated GF Value™ of 円95.99. GuruFocus considers KLab to be Significantly Overvalued.

Key valuation signals for TSE:3656:

  • E10: 円-12.96
  • GF Value™: 円95.99 vs. price of 円210.00 (118.8% above fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the TSE:3656 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KLab Business Description

Address Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6122
KLab Inc is the Japan-based software company. The principal activities of the company are planning, developing, and operating online mobile games. The company's business is broadly divided into two areas - game business and other business. The game business is focused on designing and developing online mobile games. The other business is involved in designing, developing, and providing smartphone-related applications, services, and server infrastructures. The company has an operational presence across China, Singapore, Japan and the United States.
46GF Score

Get the complete analysis for TSE:3656

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

円210.00
Price
円95.99
GF Value