KeyHolder (TSE:4712) E10: 円41.33 (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:4712 KeyHolder Inc TSE:4712
75 GF Score
Price 円735.00
GF Value 円739.08
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is KeyHolder E10?

KeyHolder TSE:4712 -0.14% 75 E10 is 円41.33 as of Mar. 2026. GuruFocus rates TSE:4712 with a GF Score™ of 75/100 and a GF Value™ of 円739.08 (Fairly Valued). The stock has 4 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.

KeyHolder's adjusted earnings per share data for the three months ended in Mar. 2026 was 円16.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円41.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KeyHolder's average E10 Growth Rate was 28.00% 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.

As of today (2026-07-16), KeyHolder's current stock price is 円735.00. KeyHolder's E10 for the quarter that ended in Mar. 2026 was 円41.33. KeyHolder's Shiller PE Ratio of today is 17.78.

During the past 13 years, the highest Shiller PE Ratio of KeyHolder was 54.03. The lowest was 17.57. And the median was 30.29.


KeyHolder  (TSE:4712) 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.

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

Shiller PE Ratio=Share Price/E10
=735.00/41.33
=17.78

* 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 KeyHolder was 54.03. The lowest was 17.57. And the median was 30.29.


Be Aware

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


KeyHolder E10 Related Terms


KeyHolder E10 Historical Data

* Premium members only.

The historical data trend for KeyHolder'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.

KeyHolder E10 Chart

KeyHolder Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.83 23.66 29.94 0.00 0.00

KeyHolder Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 32.28 33.66 0.00 0.00 41.33

TSE:4712 vs NFLX, DIS, WBD: E10 Comparison

For the Entertainment subindustry, KeyHolder'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.


KeyHolder Shiller PE Ratio vs Media - Diversified Industry

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

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


TSE:4712
75GF Score
KeyHolder Inc TSE:4712
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KeyHolder 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, KeyHolder'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)
=16.87/112.7000*112.7000
=16.870

Current CPI (Mar. 2026) = 112.7000.

KeyHolder Quarterly Data

per share eps CPI Adj_EPS
201603 -59.400 97.900 -68.380
201606 6.000 98.100 6.893
201609 3.528 98.000 4.057
201612 7.500 98.400 8.590
201703 -2.000 98.100 -2.298
201706 0.500 98.500 0.572
201709 7.730 98.800 8.818
201712 -4.425 99.400 -5.017
201803 85.500 99.200 97.136
201806 -11.800 99.200 -13.406
201809 1.478 99.900 1.667
201812 -6.843 99.700 -7.735
201903 5.700 99.700 6.443
201906 -23.400 99.800 -26.425
201909 -0.300 100.100 -0.338
201912 -31.340 100.500 -35.144
202003 -8.833 100.300 -9.925
202006 -23.990 99.900 -27.064
202009 103.310 99.900 116.547
202012 5.560 99.300 6.310
202103 57.010 99.900 64.315
202106 -34.760 99.500 -39.371
202109 -25.840 100.100 -29.093
202112 30.250 100.100 34.058
202203 39.790 101.100 44.355
202206 24.460 101.800 27.079
202209 23.680 103.100 25.885
202212 11.720 104.100 12.688
202303 53.280 104.400 57.516
202306 12.860 105.200 13.777
202309 19.960 106.200 21.182
202312 26.870 106.800 28.354
202403 18.070 107.200 18.997
202406 8.530 108.200 8.885
202412 0.000 110.700 0.000
202503 15.770 111.100 15.997
202506 -0.510 111.700 -0.515
202509 0.000 112.000 0.000
202512 0.000 113.000 0.000
202603 16.870 112.700 16.870

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41.33 mean?
KeyHolder (TSE:4712) has a E10 of 円41.33 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KeyHolder and its competitors.
Is KeyHolder's E10 too high?
KeyHolder's current E10 is 円41.33. Overall, KeyHolder has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KeyHolder's E10 compare to NFLX and DIS?
KeyHolder's E10 of 円41.33 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good E10 depends on the Media - Diversified 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 KeyHolder and its competitors. KeyHolder's current E10 is 円41.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeyHolder stock overvalued right now?
Based on GuruFocus' analysis, KeyHolder (TSE:4712) is currently considered Fairly Valued. The stock's GF Value™ is 円739.08, compared to a current price of 円735.00 — trading 0.6% below its estimated fair value. The current E10 is 円41.33. KeyHolder's overall GF Score™ is 75/100 with 4 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 KeyHolder (TSE:4712), the current E10 is 円41.33 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 KeyHolder (TSE:4712) Overvalued in 2026?

Based on GuruFocus' analysis, KeyHolder stock appears to be undervalued. The current stock price of 円735.00 is trading 0.6% below its estimated GF Value™ of 円739.08. GuruFocus considers KeyHolder to be Fairly Valued.

Key valuation signals for TSE:4712:

  • E10: 円41.33
  • GF Value™: 円739.08 vs. price of 円735.00 (0.6% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the TSE:4712 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KeyHolder Business Description

Address 16-3 Higashi 3-chome, Shibuya-ku, Tokyo, JPN, 150-0011
KeyHolder Inc, through its subsidiaries is engaged in various businesses including advertising agency, casting, operation of the live music club, management, operation business and others. Its segments include: General Entertainment Business; Video Production Business; Video Production Business; and Logistics business.
75GF Score

Get the complete analysis for TSE:4712

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

円735.00
Price
円739.08
GF Value