Keikyu (TSE:9006) E10: 円82.64 (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:9006 Keikyu Corp TSE:9006
78 GF Score
Price 円1,574.50
GF Value 円1,762.07
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Keikyu E10?

Keikyu TSE:9006 +0.16% 78 E10 is 円82.64 as of Mar. 2026. GuruFocus rates TSE:9006 with a GF Score™ of 78/100 and a GF Value™ of 円1,762.07 (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.

Keikyu's adjusted earnings per share data for the three months ended in Mar. 2026 was 円32.721. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円82.64 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keikyu's average E10 Growth Rate was 17.90% per year. During the past 3 years, the average E10 Growth Rate was 32.40% per year. During the past 5 years, the average E10 Growth Rate was 26.40% 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 Keikyu was 32.40% per year. The lowest was -5.80% per year. And the median was 12.70% per year.

As of today (2026-09-16), Keikyu's current stock price is 円1574.50. Keikyu's E10 for the quarter that ended in Mar. 2026 was 円82.64. Keikyu's Shiller PE Ratio of today is 19.05.

During the past 13 years, the highest Shiller PE Ratio of Keikyu was 88.17. The lowest was 17.24. And the median was 41.06.


Keikyu  (TSE:9006) 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.

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

Shiller PE Ratio=Share Price/E10
=1574.50/82.638
=19.05

* 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 Keikyu was 88.17. The lowest was 17.24. And the median was 41.06.


Be Aware

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


Keikyu E10 Related Terms


Keikyu E10 Historical Data

* Premium members only.

The historical data trend for Keikyu'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.

Keikyu E10 Chart

Keikyu 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 32.07 35.45 63.06 69.76 82.21

Keikyu Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 70.67 72.30 71.87 82.64 75.37

TSE:9006 vs MMM, HON: E10 Comparison

For the Conglomerates subindustry, Keikyu'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.


Keikyu Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Keikyu's Shiller PE Ratio distribution charts can be found below:

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


TSE:9006
78GF Score
Keikyu Corp TSE:9006
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keikyu 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, Keikyu'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)
=32.7214/112.7000*112.7000
=32.721

Current CPI (Mar. 2026) = 112.7000.

Keikyu Quarterly Data

per share eps CPI Adj_EPS
201606 83.690 98.100 96.145
201609 24.380 98.000 28.037
201612 21.240 98.400 24.327
201703 -47.560 98.100 -54.638
201706 16.980 98.500 19.428
201709 23.720 98.800 27.057
201712 21.936 99.400 24.871
201803 -3.970 99.200 -4.510
201806 20.291 99.200 23.053
201809 24.620 99.900 27.774
201812 25.252 99.700 28.544
201903 5.055 99.700 5.714
201906 25.535 99.800 28.836
201909 24.398 100.100 27.470
201912 12.136 100.500 13.609
202003 -5.240 100.300 -5.888
202006 -33.099 99.900 -37.340
202009 -33.350 99.900 -37.623
202012 -5.602 99.300 -6.358
202103 -26.774 99.900 -30.204
202106 31.398 99.500 35.564
202109 -3.800 100.100 -4.278
202112 6.459 100.100 7.272
202203 11.458 101.100 12.772
202206 30.308 101.800 33.553
202209 15.206 103.100 16.622
202212 11.436 104.100 12.380
202303 0.509 104.400 0.549
202306 13.517 105.200 14.481
202309 19.924 106.200 21.144
202312 22.504 106.800 23.747
202403 248.281 107.200 261.019
202406 25.092 108.200 26.135
202409 24.669 108.900 25.529
202412 18.357 110.700 18.689
202503 20.400 111.100 20.694
202506 19.853 111.700 20.031
202509 36.371 112.000 36.598
202512 12.885 113.000 12.851
202603 32.721 112.700 32.721

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82.64 mean?
Keikyu (TSE:9006) has a E10 of 円82.64 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keikyu and its competitors.
Is Keikyu's E10 too high?
Keikyu's current E10 is 円82.64. Overall, Keikyu has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keikyu's E10 compare to MMM and HON?
Keikyu's E10 of 円82.64 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good E10 depends on the Conglomerates 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 Keikyu and its competitors. Keikyu's current E10 is 円82.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keikyu stock overvalued right now?
Based on GuruFocus' analysis, Keikyu (TSE:9006) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,762.07, compared to a current price of 円1,574.50 — trading 10.6% below its estimated fair value. The current E10 is 円82.64. Keikyu's overall GF Score™ is 78/100 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 Keikyu (TSE:9006), the current E10 is 円82.64 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 Keikyu (TSE:9006) Overvalued in 2026?

Based on GuruFocus' analysis, Keikyu stock appears to be undervalued. The current stock price of 円1,574.50 is trading 10.6% below its estimated GF Value™ of 円1,762.07. GuruFocus considers Keikyu to be Modestly Undervalued.

Key valuation signals for TSE:9006:

  • E10: 円82.64
  • GF Value™: 円1,762.07 vs. price of 円1,574.50 (10.6% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the TSE:9006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keikyu Business Description

Other Exchanges KHEXF:USA
Address 1-2-8 Takashima, Nishi-ku, Kanagawa Prefecture, Yokohama, JPN, 220-8625
Keikyu Corp operates a variety of businesses mainly along railway lines, focusing on railways and buses. The group has four reportable segments: Transportation, Real Estate, Leisure and Services, and Distribution. The Transportation segment includes train, bus, and taxi services; the Real Estate segment involves land and building sales and rentals; the Leisure and Services segment covers hotels, leisure facilities, golf courses, and restaurants; and the Distribution segment handles sales mainly through department stores and retail operations. It generates the majority of its revenue from the Transportation business segment.
78GF Score

Get the complete analysis for TSE:9006

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

円1,574.50
Price
円1,762.07
GF Value