Kawai Musical Instruments Manufacturing Co (TSE:7952) E10: 円294.72 (As of Mar. 2026)

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TSE:7952 Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
59 GF Score
Price 円3,570.00
GF Value 円2,737.66
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Kawai Musical Instruments Manufacturing Co E10?

Kawai Musical Instruments Manufacturing Co TSE:7952 +0.28% 59 E10 is 円294.72 as of Mar. 2026. GuruFocus rates TSE:7952 with a GF Score™ of 59/100 and a GF Value™ of 円2,737.66 (Modestly Overvalued). The stock has 10 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.

Kawai Musical Instruments Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円79.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円294.72 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 2.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Kawai Musical Instruments Manufacturing Co was 14.60% per year. The lowest was 2.00% per year. And the median was 8.30% per year.

As of today (2026-08-24), Kawai Musical Instruments Manufacturing Co's current stock price is 円3570.00. Kawai Musical Instruments Manufacturing Co's E10 for the quarter that ended in Mar. 2026 was 円294.72. Kawai Musical Instruments Manufacturing Co's Shiller PE Ratio of today is 12.11.

During the past 13 years, the highest Shiller PE Ratio of Kawai Musical Instruments Manufacturing Co was 35.26. The lowest was 8.12. And the median was 12.69.


Kawai Musical Instruments Manufacturing Co  (TSE:7952) 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.

Kawai Musical Instruments Manufacturing Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3570.00/294.72
=12.11

* 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 Kawai Musical Instruments Manufacturing Co was 35.26. The lowest was 8.12. And the median was 12.69.


Be Aware

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


Kawai Musical Instruments Manufacturing Co E10 Related Terms


Kawai Musical Instruments Manufacturing Co E10 Historical Data

* Premium members only.

The historical data trend for Kawai Musical Instruments Manufacturing Co'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.

Kawai Musical Instruments Manufacturing Co E10 Chart

Kawai Musical Instruments Manufacturing Co 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 239.25 277.94 297.48 0.00 294.72

Kawai Musical Instruments Manufacturing Co 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 296.38 298.81 294.91 294.72 0.00

TSE:7952 vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, Kawai Musical Instruments Manufacturing Co'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.


Kawai Musical Instruments Manufacturing Co Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Shiller PE Ratio falls into.


TSE:7952
59GF Score
Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kawai Musical Instruments Manufacturing Co 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, Kawai Musical Instruments Manufacturing Co'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)
=79.57/112.7000*112.7000
=79.570

Current CPI (Mar. 2026) = 112.7000.

Kawai Musical Instruments Manufacturing Co Quarterly Data

per share eps CPI Adj_EPS
201603 40.980 97.900 47.175
201606 -15.980 98.100 -18.358
201609 87.850 98.000 101.028
201612 89.380 98.400 102.369
201703 24.200 98.100 27.802
201706 11.840 98.500 13.547
201709 75.300 98.800 85.894
201712 101.740 99.400 115.353
201803 34.683 99.200 39.403
201806 40.160 99.200 45.625
201809 66.940 99.900 75.517
201812 74.143 99.700 83.811
201903 53.960 99.700 60.996
201906 40.890 99.800 46.175
201909 126.119 100.100 141.994
201912 65.386 100.500 73.323
202003 -52.650 100.300 -59.159
202006 -173.010 99.900 -195.177
202009 70.490 99.900 79.522
202012 178.825 99.300 202.956
202103 223.720 99.900 252.385
202106 139.510 99.500 158.018
202109 133.218 100.100 149.987
202112 129.496 100.100 145.796
202203 184.860 101.100 206.070
202206 106.950 101.800 118.401
202209 98.896 103.100 108.105
202212 84.377 104.100 91.348
202303 136.582 104.400 147.441
202306 90.470 105.200 96.920
202309 87.966 106.200 93.350
202312 67.472 106.800 71.199
202403 77.360 107.200 81.329
202406 -32.960 108.200 -34.331
202409 -14.270 108.900 -14.768
202503 0.000 111.100 0.000
202506 -19.730 111.700 -19.907
202509 18.180 112.000 18.294
202512 54.710 113.000 54.565
202603 79.570 112.700 79.570

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294.72 mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a E10 of 円294.72 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kawai Musical Instruments Manufacturing Co and its competitors.
Is Kawai Musical Instruments Manufacturing Co's E10 too high?
Kawai Musical Instruments Manufacturing Co's current E10 is 円294.72. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawai Musical Instruments Manufacturing Co's E10 compare to AS and HAS?
Kawai Musical Instruments Manufacturing Co's E10 of 円294.72 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Kawai Musical Instruments Manufacturing Co and its competitors. Kawai Musical Instruments Manufacturing Co's current E10 is 円294.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawai Musical Instruments Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co (TSE:7952) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,737.66, compared to a current price of 円3,570.00 — trading 30.4% above its estimated fair value. The current E10 is 円294.72. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 59/100 with 10 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 Kawai Musical Instruments Manufacturing Co (TSE:7952), the current E10 is 円294.72 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 Kawai Musical Instruments Manufacturing Co (TSE:7952) Overvalued in 2026?

Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co stock appears to be overvalued. The current stock price of 円3,570.00 is trading 30.4% above its estimated GF Value™ of 円2,737.66. GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TSE:7952:

  • E10: 円294.72
  • GF Value™: 円2,737.66 vs. price of 円3,570.00 (30.4% above fair value)
  • GF Score™: 59/100 with 10 warning signs

No single metric tells the full story. See the TSE:7952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kawai Musical Instruments Manufacturing Co Business Description

Address 200 Terajima-cho Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8665
Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.
59GF Score

Get the complete analysis for TSE:7952

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

円3,570.00
Price
円2,737.66
GF Value