Kel (TSE:6919) E10: 円121.83 (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.
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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:6919 Kel Corp TSE:6919
69 GF Score
Price 円1,411.00
GF Value 円1,599.63
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Kel E10?

Kel TSE:6919 +0.28% 69 E10 is 円121.83 as of Mar. 2026. GuruFocus rates TSE:6919 with a GF Score™ of 69/100 and a GF Value™ of 円1,599.63 (Modestly Undervalued). 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.

Kel's adjusted earnings per share data for the three months ended in Mar. 2026 was 円-1.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円121.83 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 0.90% 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 Kel was 12.30% per year. The lowest was 0.90% per year. And the median was 9.30% per year.

As of today (2026-08-31), Kel's current stock price is 円1411.00. Kel's E10 for the quarter that ended in Mar. 2026 was 円121.83. Kel's Shiller PE Ratio of today is 11.58.

During the past 13 years, the highest Shiller PE Ratio of Kel was 19.76. The lowest was 8.26. And the median was 12.21.


Kel  (TSE:6919) 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.

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

Shiller PE Ratio=Share Price/E10
=1411.00/121.83
=11.58

* 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 Kel was 19.76. The lowest was 8.26. And the median was 12.21.


Be Aware

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


Kel E10 Related Terms


Kel E10 Historical Data

* Premium members only.

The historical data trend for Kel'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.

Kel E10 Chart

Kel 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 101.44 118.51 125.55 0.00 121.83

Kel 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 124.71 123.96 123.49 121.83 0.00

TSE:6919 vs APH, GLW, TEL: E10 Comparison

For the Electronic Components subindustry, Kel'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.


Kel Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Kel's Shiller PE Ratio distribution charts can be found below:

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


TSE:6919
69GF Score
Kel Corp TSE:6919
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kel 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, Kel'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)
=-1.93/112.7000*112.7000
=-1.930

Current CPI (Mar. 2026) = 112.7000.

Kel Quarterly Data

per share eps CPI Adj_EPS
201603 14.710 97.900 16.934
201606 4.950 98.100 5.687
201609 29.653 98.000 34.101
201612 23.869 98.400 27.338
201703 21.990 98.100 25.263
201706 17.360 98.500 19.863
201709 35.830 98.800 40.871
201712 15.272 99.400 17.315
201803 17.580 99.200 19.972
201806 22.870 99.200 25.982
201809 24.390 99.900 27.515
201812 11.650 99.700 13.169
201903 21.746 99.700 24.581
201906 14.510 99.800 16.386
201909 27.539 100.100 31.005
201912 22.680 100.500 25.433
202003 31.930 100.300 35.877
202006 26.830 99.900 30.268
202009 13.900 99.900 15.681
202012 15.649 99.300 17.761
202103 43.440 99.900 49.006
202106 40.760 99.500 46.167
202109 50.690 100.100 57.071
202112 48.977 100.100 55.142
202203 59.860 101.100 66.728
202206 64.530 101.800 71.439
202209 72.041 103.100 78.749
202212 50.439 104.100 54.606
202303 50.490 104.400 54.504
202306 47.050 105.200 50.404
202309 32.100 106.200 34.065
202312 14.646 106.800 15.455
202403 23.494 107.200 24.699
202406 31.310 108.200 32.612
202409 -2.710 108.900 -2.805
202503 0.000 111.100 0.000
202506 1.460 111.700 1.473
202509 17.080 112.000 17.187
202512 12.310 113.000 12.277
202603 -1.930 112.700 -1.930

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121.83 mean?
Kel (TSE:6919) has a E10 of 円121.83 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kel and its competitors.
Is Kel's E10 too high?
Kel's current E10 is 円121.83. Overall, Kel has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kel's E10 compare to APH and GLW?
Kel's E10 of 円121.83 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Kel and its competitors. Kel's current E10 is 円121.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kel stock overvalued right now?
Based on GuruFocus' analysis, Kel (TSE:6919) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,599.63, compared to a current price of 円1,411.00 — trading 11.8% below its estimated fair value. The current E10 is 円121.83. Kel's overall GF Score™ is 69/100 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 Kel (TSE:6919), the current E10 is 円121.83 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 Kel (TSE:6919) Overvalued in 2026?

Based on GuruFocus' analysis, Kel stock appears to be undervalued. The current stock price of 円1,411.00 is trading 11.8% below its estimated GF Value™ of 円1,599.63. GuruFocus considers Kel to be Modestly Undervalued.

Key valuation signals for TSE:6919:

  • E10: 円121.83
  • GF Value™: 円1,599.63 vs. price of 円1,411.00 (11.8% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the TSE:6919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kel Business Description

Address 6-17-7 Nagayama, Tama-shi, Tokyo, JPN, 206-0025
Kel Corporation is a manufacturer of connectors, circuit sockets, racks, and harnesses. Its products include connectors, integrated circuit sockets, switches and terminal blocks, which are applied in cellular phones, notebooks, and PC, among others.
69GF Score

Get the complete analysis for TSE:6919

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

円1,411.00
Price
円1,599.63
GF Value