Kawai Musical Instruments Manufacturing Co (TSE:7952) E10: 円291.14 (As of Mar. 2026)


TSE:7952 Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
64 GF Score
Price 円3,210.00
GF Value 円2,733.98
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Kawai Musical Instruments Manufacturing Co E10?

Kawai Musical Instruments Manufacturing Co TSE:7952 -0.16% 64 E10 is 円291.14 as of Mar. 2026. GuruFocus rates TSE:7952 with a GF Score™ of 64/100 and a GF Value™ of 円2,733.98 (Modestly Overvalued). The stock has 11 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 fiscal year that ended in Mar. 2026 was 円132.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円291.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Kawai Musical Instruments Manufacturing Co's average E10 Growth Rate was -2.30% per year. During the past 3 years, the average E10 Growth Rate was 1.60% per year. During the past 5 years, the average E10 Growth Rate was 7.90% 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 Kawai Musical Instruments Manufacturing Co was 14.40% per year. The lowest was 1.60% per year. And the median was 8.50% per year.

As of today (2026-07-09), Kawai Musical Instruments Manufacturing Co's current stock price is 円 3210.00. Kawai Musical Instruments Manufacturing Co's E10 for the fiscal year that ended in Mar. 2026 was 円291.14. Kawai Musical Instruments Manufacturing Co's Shiller PE Ratio of today is 11.03.

During the past 13 years, the highest Shiller PE Ratio of Kawai Musical Instruments Manufacturing Co was 36.59. The lowest was 8.15. And the median was 13.86.


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
=3210.00/291.14
=11.03

* 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 36.59. The lowest was 8.15. And the median was 13.86.


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 239.09 277.37 296.71 297.96 291.14

Kawai Musical Instruments Manufacturing Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 296.71 0.00 297.96 0.00 291.14

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
64GF Score
Kawai Musical Instruments Manufacturing Co Ltd TSE:7952
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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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 fiscal year that ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=132.73/112.7000*112.7000
=132.730

Current CPI (Mar. 2026) = 112.7000.

Kawai Musical Instruments Manufacturing Co Annual Data

per_share_eps CPI Adj_EPS
201703 185.450 98.100 213.050
201803 224.170 99.200 254.677
201903 235.230 99.700 265.902
202003 180.170 100.300 202.444
202103 300.160 99.900 338.619
202203 587.170 101.100 654.541
202303 427.330 104.400 461.304
202403 323.720 107.200 340.329
202503 47.130 111.100 47.809
202603 132.730 112.700 132.730

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291.14 mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a E10 of 円291.14 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291.14. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 64/100 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291.14 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291.14. 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2,733.98, compared to a current price of 円3,210.00 — trading 17.4% above its estimated fair value. The current E10 is 円291.14. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 64/100 with 11 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291.14 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3,210.00 is trading 17.4% above its estimated GF Value™ of 円2,733.98. GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TSE:7952:

  • E10: 円291.14
  • GF Value™: 円2,733.98 vs. price of 円3,210.00 (17.4% above fair value)
  • GF Score™: 64/100 with 11 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.
64GF 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3,210.00
Price
円2,733.98
GF Value