Kobe Electric Railway Co (TSE:9046) E10: 円133.37 (As of Mar. 2026)

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TSE:9046 Kobe Electric Railway Co Ltd TSE:9046
62 GF Score
Price 円2,486.00
GF Value 円2,777.12
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Kobe Electric Railway Co E10?

Kobe Electric Railway Co TSE:9046 +0.53% 62 E10 is 円133.37 as of Mar. 2026. GuruFocus rates TSE:9046 with a GF Score™ of 62/100 and a GF Value™ of 円2,777.12 (Modestly Undervalued). The stock has 3 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.

Kobe Electric Railway Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円10.744. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円133.37 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 2.10% 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 Kobe Electric Railway Co was 22.10% per year. The lowest was 2.10% per year. And the median was 17.30% per year.

As of today (2026-09-16), Kobe Electric Railway Co's current stock price is 円2486.00. Kobe Electric Railway Co's E10 for the quarter that ended in Mar. 2026 was 円133.37. Kobe Electric Railway Co's Shiller PE Ratio of today is 18.64.

During the past 13 years, the highest Shiller PE Ratio of Kobe Electric Railway Co was 71.13. The lowest was 17.16. And the median was 41.35.


Kobe Electric Railway Co  (TSE:9046) 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.

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

Shiller PE Ratio=Share Price/E10
=2486.00/133.37
=18.64

* 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 Kobe Electric Railway Co was 71.13. The lowest was 17.16. And the median was 41.35.


Be Aware

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


Kobe Electric Railway Co E10 Related Terms


Kobe Electric Railway Co E10 Historical Data

* Premium members only.

The historical data trend for Kobe 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.

Kobe Electric Railway Co E10 Chart

Kobe 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 114.67 118.87 126.36 129.69 132.39

Kobe Electric Railway Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 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 130.51 128.42 128.56 133.37 132.02

TSE:9046 vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, Kobe 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.


Kobe Electric Railway Co Shiller PE Ratio vs Transportation Industry

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

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


TSE:9046
62GF Score
Kobe Electric Railway Co Ltd TSE:9046
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kobe 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, Kobe 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)
=10.7436/112.7000*112.7000
=10.744

Current CPI (Mar. 2026) = 112.7000.

Kobe Electric Railway Co Quarterly Data

per share eps CPI Adj_EPS
201512 63.145 98.100 72.542
201603 -35.427 97.900 -40.783
201606 75.455 98.100 86.685
201609 58.200 98.000 66.930
201612 57.186 98.400 65.497
201703 -30.800 98.100 -35.384
201706 80.437 98.500 92.033
201709 46.501 98.800 53.043
201712 64.920 99.400 73.606
201803 -37.563 99.200 -42.674
201806 102.500 99.200 116.449
201809 13.434 99.900 15.155
201812 71.775 99.700 81.134
201903 -36.698 99.700 -41.483
201906 76.760 99.800 86.682
201909 51.630 100.100 58.129
201912 57.481 100.500 64.459
202003 -60.719 100.300 -68.226
202006 -46.043 99.900 -51.942
202009 26.622 99.900 30.032
202012 74.023 99.300 84.012
202103 -31.352 99.900 -35.369
202106 23.641 99.500 26.777
202109 11.322 100.100 12.747
202112 57.483 100.100 64.719
202203 -27.871 101.100 -31.069
202206 56.994 101.800 63.096
202209 16.176 103.100 17.682
202212 49.027 104.100 53.078
202303 -38.079 104.400 -41.106
202306 58.992 105.200 63.198
202309 34.847 106.200 36.979
202312 49.410 106.800 52.139
202403 -15.806 107.200 -16.617
202406 66.835 108.200 69.615
202409 30.621 108.900 31.689
202503 -10.010 111.100 -10.154
202509 38.297 112.000 38.536
202512 62.692 113.000 62.525
202603 10.744 112.700 10.744

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133.37 mean?
Kobe Electric Railway Co (TSE:9046) has a E10 of 円133.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kobe Electric Railway Co and its competitors.
Is Kobe Electric Railway Co's E10 too high?
Kobe Electric Railway Co's current E10 is 円133.37. Overall, Kobe Electric Railway Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kobe Electric Railway Co's E10 compare to UNP and CSX?
Kobe Electric Railway Co's E10 of 円133.37 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 Kobe Electric Railway Co and its competitors. Kobe Electric Railway Co's current E10 is 円133.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobe Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Kobe Electric Railway Co (TSE:9046) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,777.12, compared to a current price of 円2,486.00 — trading 10.5% below its estimated fair value. The current E10 is 円133.37. Kobe Electric Railway Co's overall GF Score™ is 62/100 with 3 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 Kobe Electric Railway Co (TSE:9046), the current E10 is 円133.37 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 Kobe Electric Railway Co (TSE:9046) Overvalued in 2026?

Based on GuruFocus' analysis, Kobe Electric Railway Co stock appears to be undervalued. The current stock price of 円2,486.00 is trading 10.5% below its estimated GF Value™ of 円2,777.12. GuruFocus considers Kobe Electric Railway Co to be Modestly Undervalued.

Key valuation signals for TSE:9046:

  • E10: 円133.37
  • GF Value™: 円2,777.12 vs. price of 円2,486.00 (10.5% below fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the TSE:9046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kobe Electric Railway Co Business Description

Address Shinkaichi 1-3-24, Hyogo Ward, Kobe, JPN
Kobe Electric Railway Co Ltd operates as a railway company in Japan. Principally, it is also involved in the sale, lease, and brokerage of land buildings and other real estate properties. The company is also engaged in the management of rental building, and parking lot, long-term care and child care services. In addition, it also offers services related to the swimming school management.
62GF Score

Get the complete analysis for TSE:9046

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

円2,486.00
Price
円2,777.12
GF Value