Kaji Technology (TSE:6391) E10: 円219.94 (As of Mar. 2026)

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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.
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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:6391 Kaji Technology Corp TSE:6391
69 GF Score
Price 円4,915.00
GF Value 円4,353.11
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Kaji Technology E10?

Kaji Technology TSE:6391 +0.31% 69 E10 is 円219.94 as of Mar. 2026. GuruFocus rates TSE:6391 with a GF Score™ of 69/100 and a GF Value™ of 円4,353.11 (Modestly Overvalued). 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.

Kaji Technology's adjusted earnings per share data for the three months ended in Mar. 2026 was 円136.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円219.94 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 18.10% 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 Kaji Technology was 18.10% per year. The lowest was -3.90% per year. And the median was 4.10% per year.

As of today (2026-08-31), Kaji Technology's current stock price is 円4915.00. Kaji Technology's E10 for the quarter that ended in Mar. 2026 was 円219.94. Kaji Technology's Shiller PE Ratio of today is 22.35.

During the past 13 years, the highest Shiller PE Ratio of Kaji Technology was 66.69. The lowest was 12.91. And the median was 23.28.


Kaji Technology  (TSE:6391) 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.

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

Shiller PE Ratio=Share Price/E10
=4915.00/219.94
=22.35

* 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 Kaji Technology was 66.69. The lowest was 12.91. And the median was 23.28.


Be Aware

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


Kaji Technology E10 Related Terms


Kaji Technology E10 Historical Data

* Premium members only.

The historical data trend for Kaji Technology'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.

Kaji Technology E10 Chart

Kaji Technology 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 122.13 133.47 169.76 0.00 219.94

Kaji Technology 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 0.00 196.91 200.38 217.14 219.94

TSE:6391 vs GEV, ETN, PH: E10 Comparison

For the Specialty Industrial Machinery subindustry, Kaji Technology'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.


Kaji Technology Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kaji Technology's Shiller PE Ratio distribution charts can be found below:

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


TSE:6391
69GF Score
Kaji Technology Corp TSE:6391
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kaji Technology 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, Kaji Technology'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)
=136.37/112.7000*112.7000
=136.370

Current CPI (Mar. 2026) = 112.7000.

Kaji Technology Quarterly Data

per share eps CPI Adj_EPS
201603 21.800 97.900 25.096
201606 0.046 98.100 0.053
201609 37.644 98.000 43.291
201612 38.112 98.400 43.651
201703 76.120 98.100 87.449
201706 -35.960 98.500 -41.144
201709 39.789 98.800 45.387
201712 8.527 99.400 9.668
201803 83.230 99.200 94.557
201806 -8.480 99.200 -9.634
201809 10.049 99.900 11.337
201812 47.254 99.700 53.416
201903 47.150 99.700 53.298
201906 -26.750 99.800 -30.208
201909 17.687 100.100 19.913
201912 48.829 100.500 54.757
202003 113.680 100.300 127.734
202006 -13.080 99.900 -14.756
202009 77.700 99.900 87.656
202012 72.313 99.300 82.071
202103 49.050 99.900 55.335
202106 5.730 99.500 6.490
202109 74.530 100.100 83.911
202112 55.778 100.100 62.799
202203 50.930 101.100 56.774
202206 16.640 101.800 18.422
202209 4.154 103.100 4.541
202212 2.550 104.100 2.761
202303 151.000 104.400 163.005
202306 -32.310 105.200 -34.613
202309 67.919 106.200 72.076
202312 155.440 106.800 164.027
202403 158.490 107.200 166.621
202406 43.020 108.200 44.809
202409 93.240 108.900 96.494
202503 0.000 111.100 0.000
202506 33.690 111.700 33.992
202509 40.400 112.000 40.653
202512 227.000 113.000 226.397
202603 136.370 112.700 136.370

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219.94 mean?
Kaji Technology (TSE:6391) has a E10 of 円219.94 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kaji Technology and its competitors.
Is Kaji Technology's E10 too high?
Kaji Technology's current E10 is 円219.94. Overall, Kaji Technology has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaji Technology's E10 compare to GEV and ETN?
Kaji Technology's E10 of 円219.94 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good E10 depends on the Industrial Products 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 Kaji Technology and its competitors. Kaji Technology's current E10 is 円219.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaji Technology stock overvalued right now?
Based on GuruFocus' analysis, Kaji Technology (TSE:6391) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,353.11, compared to a current price of 円4,915.00 — trading 12.9% above its estimated fair value. The current E10 is 円219.94. Kaji Technology's overall GF Score™ is 69/100 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 Kaji Technology (TSE:6391), the current E10 is 円219.94 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 Kaji Technology (TSE:6391) Overvalued in 2026?

Based on GuruFocus' analysis, Kaji Technology stock appears to be overvalued. The current stock price of 円4,915.00 is trading 12.9% above its estimated GF Value™ of 円4,353.11. GuruFocus considers Kaji Technology to be Modestly Overvalued.

Key valuation signals for TSE:6391:

  • E10: 円219.94
  • GF Value™: 円4,353.11 vs. price of 円4,915.00 (12.9% above fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the TSE:6391 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kaji Technology Business Description

Address 6 Bodai, Mihara-ku, Sakai-shi, Osaka, JPN, 587-0064
Kaji Technology Corp is a Japan-based company that manufactures air and gas compressors, textile machinery, cast iron products, and weldments. Its offerings include gas compressors, CNG compressors, monitoring systems, PET blowing, and gas handling equipment.
69GF Score

Get the complete analysis for TSE:6391

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

円4,915.00
Price
円4,353.11
GF Value