Keihin Co (TSE:9312) E10: 円295.62 (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:9312 Keihin Co Ltd TSE:9312
66 GF Score
Price 円2,883.00
GF Value 円2,236.49
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Keihin Co E10?

Keihin Co TSE:9312 +0.28% 66 E10 is 円295.62 as of Mar. 2026. GuruFocus rates TSE:9312 with a GF Score™ of 66/100 and a GF Value™ of 円2,236.49 (Modestly Overvalued). The stock has 2 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.

Keihin Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円68.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円295.62 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keihin Co's average E10 Growth Rate was 9.90% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 15.90% 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 Keihin Co was 22.50% per year. The lowest was 12.90% per year. And the median was 18.30% per year.

As of today (2026-07-15), Keihin Co's current stock price is 円2883.00. Keihin Co's E10 for the quarter that ended in Mar. 2026 was 円295.62. Keihin Co's Shiller PE Ratio of today is 9.75.

During the past 13 years, the highest Shiller PE Ratio of Keihin Co was 21.56. The lowest was 7.13. And the median was 9.51.


Keihin Co  (TSE:9312) 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.

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

Shiller PE Ratio=Share Price/E10
=2883.00/295.62
=9.75

* 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 Keihin Co was 21.56. The lowest was 7.13. And the median was 9.51.


Be Aware

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


Keihin Co E10 Related Terms


Keihin Co E10 Historical Data

* Premium members only.

The historical data trend for Keihin 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.

Keihin Co E10 Chart

Keihin 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 168.78 205.63 231.85 269.05 295.62

Keihin 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 269.05 275.89 283.33 292.42 295.62

TSE:9312 vs UPS, FDX, JBHT: E10 Comparison

For the Integrated Freight & Logistics subindustry, Keihin 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.


Keihin Co Shiller PE Ratio vs Transportation Industry

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

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


TSE:9312
66GF Score
Keihin Co Ltd TSE:9312
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keihin 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, Keihin 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)
=68.24/112.7000*112.7000
=68.240

Current CPI (Mar. 2026) = 112.7000.

Keihin Co Quarterly Data

per share eps CPI Adj_EPS
201606 22.000 98.100 25.274
201609 10.480 98.000 12.052
201612 39.513 98.400 45.255
201703 6.126 98.100 7.038
201706 36.870 98.500 42.185
201709 50.693 98.800 57.825
201712 52.430 99.400 59.445
201803 34.767 99.200 39.498
201806 48.630 99.200 55.248
201809 10.415 99.900 11.749
201812 97.020 99.700 109.671
201903 29.700 99.700 33.573
201906 60.820 99.800 68.682
201909 41.353 100.100 46.558
201912 68.615 100.500 76.944
202003 46.650 100.300 52.417
202006 77.410 99.900 87.328
202009 54.984 99.900 62.029
202012 70.240 99.300 79.719
202103 65.246 99.900 73.606
202106 101.030 99.500 114.433
202109 78.260 100.100 88.111
202112 97.410 100.100 109.671
202203 69.940 101.100 77.965
202206 135.870 101.800 150.418
202209 101.548 103.100 111.003
202212 110.891 104.100 120.052
202303 65.850 104.400 71.085
202306 90.030 105.200 96.448
202309 68.430 106.200 72.618
202312 81.331 106.800 85.824
202403 74.050 107.200 77.849
202406 90.030 108.200 93.774
202409 78.430 108.900 81.167
202412 105.880 110.700 107.793
202503 60.920 111.100 61.797
202506 113.830 111.700 114.849
202509 95.310 112.000 95.906
202512 111.360 113.000 111.064
202603 68.240 112.700 68.240

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295.62 mean?
Keihin Co (TSE:9312) has a E10 of 円295.62 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keihin Co and its competitors.
Is Keihin Co's E10 too high?
Keihin Co's current E10 is 円295.62. Overall, Keihin Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keihin Co's E10 compare to UPS and FDX?
Keihin Co's E10 of 円295.62 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 Keihin Co and its competitors. Keihin Co's current E10 is 円295.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihin Co stock overvalued right now?
Based on GuruFocus' analysis, Keihin Co (TSE:9312) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,236.49, compared to a current price of 円2,883.00 — trading 28.9% above its estimated fair value. The current E10 is 円295.62. Keihin Co's overall GF Score™ is 66/100 with 2 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 Keihin Co (TSE:9312), the current E10 is 円295.62 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 Keihin Co (TSE:9312) Overvalued in 2026?

Based on GuruFocus' analysis, Keihin Co stock appears to be overvalued. The current stock price of 円2,883.00 is trading 28.9% above its estimated GF Value™ of 円2,236.49. GuruFocus considers Keihin Co to be Modestly Overvalued.

Key valuation signals for TSE:9312:

  • E10: 円295.62
  • GF Value™: 円2,236.49 vs. price of 円2,883.00 (28.9% above fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the TSE:9312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keihin Co Business Description

Address 3-4-20 Kaigan, Minato-ku, Tokyo, JPN, 108-8456
Keihin Co Ltd is a Japan-based integrated logistics company. Along with its subsidiaries, the firm offers delivery and cargo services. The company provides various domestic and global logistics services including warehousing, mail-order support, domestic cargo transport, logistics IT systems, customs clearance, export car handling service, project cargo transport, sea transport, logistics consultation, and cargo trading system for export cars.
66GF Score

Get the complete analysis for TSE:9312

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

円2,883.00
Price
円2,236.49
GF Value