Keisei Electric Railway Co (TSE:9009) E10: 円74.21 (As of Mar. 2026)

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TSE:9009 Keisei Electric Railway Co Ltd TSE:9009
65 GF Score
Price 円1,268.50
GF Value 円1,750.19
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Keisei Electric Railway Co E10?

Keisei Electric Railway Co TSE:9009 -0.08% 65 E10 is 円74.21 as of Mar. 2026. GuruFocus rates TSE:9009 with a GF Score™ of 65/100 and a GF Value™ of 円1,750.19 (Modestly Undervalued). The stock has 4 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.

Keisei Electric Railway Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円11.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円74.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keisei Electric Railway Co's average E10 Growth Rate was 5.80% per year. During the past 3 years, the average E10 Growth Rate was 17.40% 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 Keisei Electric Railway Co was 17.40% per year. The lowest was -5.60% per year. And the median was 4.40% per year.

As of today (2026-07-17), Keisei Electric Railway Co's current stock price is 円1268.50. Keisei Electric Railway Co's E10 for the quarter that ended in Mar. 2026 was 円74.21. Keisei Electric Railway Co's Shiller PE Ratio of today is 17.09.

During the past 13 years, the highest Shiller PE Ratio of Keisei Electric Railway Co was 51.23. The lowest was 14.17. And the median was 25.23.


Keisei Electric Railway Co  (TSE:9009) 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.

Keisei Electric Railway Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1268.50/74.21
=17.09

* 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 Keisei Electric Railway Co was 51.23. The lowest was 14.17. And the median was 25.23.


Be Aware

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


Keisei Electric Railway Co E10 Related Terms


Keisei Electric Railway Co E10 Historical Data

* Premium members only.

The historical data trend for Keisei Electric Railway 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.

Keisei Electric Railway Co E10 Chart

Keisei Electric Railway 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 0.00 45.92 59.01 70.13 74.21

Keisei Electric Railway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 70.13 71.31 71.66 73.70 74.21

TSE:9009 vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, Keisei Electric Railway 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.


Keisei Electric Railway Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Keisei Electric Railway Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Keisei Electric Railway Co's Shiller PE Ratio falls into.


TSE:9009
65GF Score
Keisei Electric Railway Co Ltd TSE:9009
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keisei Electric Railway 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, Keisei Electric Railway 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)
=11.73/112.7000*112.7000
=11.730

Current CPI (Mar. 2026) = 112.7000.

Keisei Electric Railway Co Quarterly Data

per share eps CPI Adj_EPS
201606 18.120 98.100 20.817
201609 19.303 98.000 22.198
201612 22.021 98.400 25.221
201703 10.873 98.100 12.491
201706 19.500 98.500 22.311
201709 19.396 98.800 22.125
201712 21.889 99.400 24.818
201803 7.765 99.200 8.822
201806 21.170 99.200 24.051
201809 19.239 99.900 21.704
201812 24.207 99.700 27.363
201903 11.479 99.700 12.976
201906 22.480 99.800 25.386
201909 19.220 100.100 21.639
201912 24.428 100.500 27.393
202003 -6.858 100.300 -7.706
202006 -27.593 99.900 -31.128
202009 -8.533 99.900 -9.626
202012 -2.057 99.300 -2.335
202103 -21.707 99.900 -24.488
202106 -6.807 99.500 -7.710
202109 -8.594 100.100 -9.676
202112 6.622 100.100 7.456
202203 0.000 101.100 0.000
202206 8.783 101.800 9.723
202209 22.130 103.100 24.191
202212 14.641 104.100 15.851
202303 7.753 104.400 8.369
202306 21.143 105.200 22.650
202309 20.837 106.200 22.112
202312 29.649 106.800 31.287
202403 103.230 107.200 108.526
202406 21.143 108.200 22.022
202409 22.947 108.900 23.748
202412 80.270 110.700 81.720
202503 19.100 111.100 19.375
202506 26.370 111.700 26.606
202509 22.830 112.000 22.973
202512 38.660 113.000 38.557
202603 11.730 112.700 11.730

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74.21 mean?
Keisei Electric Railway Co (TSE:9009) has a E10 of 円74.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keisei Electric Railway Co and its competitors.
Is Keisei Electric Railway Co's E10 too high?
Keisei Electric Railway Co's current E10 is 円74.21. Overall, Keisei Electric Railway Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keisei Electric Railway Co's E10 compare to UNP and CSX?
Keisei Electric Railway Co's E10 of 円74.21 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Keisei Electric Railway Co and its competitors. Keisei Electric Railway Co's current E10 is 円74.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keisei Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Keisei Electric Railway Co (TSE:9009) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,750.19, compared to a current price of 円1,268.50 — trading 27.5% below its estimated fair value. The current E10 is 円74.21. Keisei Electric Railway Co's overall GF Score™ is 65/100 with 4 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 Keisei Electric Railway Co (TSE:9009), the current E10 is 円74.21 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 Keisei Electric Railway Co (TSE:9009) Overvalued in 2026?

Based on GuruFocus' analysis, Keisei Electric Railway Co stock appears to be undervalued. The current stock price of 円1,268.50 is trading 27.5% below its estimated GF Value™ of 円1,750.19. GuruFocus considers Keisei Electric Railway Co to be Modestly Undervalued.

Key valuation signals for TSE:9009:

  • E10: 円74.21
  • GF Value™: 円1,750.19 vs. price of 円1,268.50 (27.5% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TSE:9009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keisei Electric Railway Co Business Description

Other Exchanges KELRF:USAKEI:Germany
Address 3-3-1 Yahata, Chiba Prefecture, Ichikawa, JPN, 272-8510
Keisei Electric Railway Co Ltd is a Japanese company that operates railways in Japan. The company's three segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus, and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels, and leisure sites to car maintenance services.
65GF Score

Get the complete analysis for TSE:9009

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

円1,268.50
Price
円1,750.19
GF Value