Keiyo Gas Co (TSE:9539) E10: 円0.00 (As of Dec. 2025)

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TSE:9539 Keiyo Gas Co Ltd TSE:9539
66 GF Score
Price 円1,476.00
GF Value 円889.63
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Keiyo Gas Co E10?

Keiyo Gas Co TSE:9539 -1.53% 66 E10 is 円0.00 as of Dec. 2025. GuruFocus rates TSE:9539 with a GF Score™ of 66/100 and a GF Value™ of 円889.63 (Significantly Overvalued). The stock has 8 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.

Keiyo Gas Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円0.00 for the trailing ten years ended in Dec. 2025.

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 Keiyo Gas Co was 9.10% per year. The lowest was 0.10% per year. And the median was 2.60% per year.

As of today (2026-07-15), Keiyo Gas Co's current stock price is 円1476.00. Keiyo Gas Co's E10 for the quarter that ended in Dec. 2025 was 円0.00. Keiyo Gas Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Keiyo Gas Co was 11.88. The lowest was 6.82. And the median was 9.69.


Keiyo Gas Co  (TSE:9539) 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.

During the past 13 years, the highest Shiller P/E Ratio of Keiyo Gas Co was 11.88. The lowest was 6.82. And the median was 9.69.


Be Aware

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


Keiyo Gas Co E10 Related Terms


Keiyo Gas Co E10 Historical Data

* Premium members only.

The historical data trend for Keiyo Gas 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.

Keiyo Gas Co E10 Chart

Keiyo Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.13 110.91 109.36 0.00 0.00

Keiyo Gas Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 118.22 116.26 0.00 0.00 0.00

TSE:9539 vs ATO, NI: E10 Comparison

For the Utilities - Regulated Gas subindustry, Keiyo Gas 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.


Keiyo Gas Co Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Keiyo Gas Co's Shiller PE Ratio distribution charts can be found below:

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


TSE:9539
66GF Score
Keiyo Gas Co Ltd TSE:9539
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keiyo Gas 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, Keiyo Gas Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/113.0000*113.0000
=0.000

Current CPI (Dec. 2025) = 113.0000.

Keiyo Gas Co Quarterly Data

per share eps CPI Adj_EPS
201512 -10.441 98.100 -12.027
201603 98.167 97.900 113.308
201606 50.960 98.100 58.700
201609 -4.167 98.000 -4.805
201612 -20.696 98.400 -23.767
201703 82.233 98.100 94.723
201706 50.405 98.500 57.825
201709 -9.607 98.800 -10.988
201712 10.038 99.400 11.411
201803 102.213 99.200 116.432
201806 48.265 99.200 54.979
201809 -28.390 99.900 -32.113
201812 -7.335 99.700 -8.313
201903 95.923 99.700 108.719
201906 66.913 99.800 75.763
201909 7.707 100.100 8.700
201912 -18.027 100.500 -20.269
202003 96.913 100.300 109.184
202006 56.226 99.900 63.599
202009 11.780 99.900 13.325
202012 -11.811 99.300 -13.441
202103 45.457 99.900 51.418
202106 45.553 99.500 51.734
202109 -10.723 100.100 -12.105
202112 -26.372 100.100 -29.771
202203 40.790 101.100 45.591
202206 36.627 101.800 40.657
202209 -16.732 103.100 -18.339
202212 -53.887 104.100 -58.494
202303 89.950 104.400 97.360
202306 35.111 105.200 37.714
202309 -26.547 106.200 -28.247
202312 -53.118 106.800 -56.202
202403 6.597 107.200 6.954
202406 52.186 108.200 54.501
202412 0.000 110.700 0.000
202503 56.860 111.100 57.832
202506 55.820 111.700 56.470
202509 0.000 112.000 0.000
202512 0.000 113.000 0.000

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0.00 mean?
Keiyo Gas Co (TSE:9539) has a E10 of 円0.00 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keiyo Gas Co and its competitors.
Is Keiyo Gas Co's E10 too high?
Keiyo Gas Co's current E10 is 円0.00. Overall, Keiyo Gas Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's E10 compare to ATO and NI?
Keiyo Gas Co's E10 of 円0.00 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Keiyo Gas Co and its competitors. Keiyo Gas Co's current E10 is 円0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円889.63, compared to a current price of 円1,476.00 — trading 65.9% above its estimated fair value. The current E10 is 円0.00. Keiyo Gas Co's overall GF Score™ is 66/100 with 8 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 Keiyo Gas Co (TSE:9539), the current E10 is 円0.00 as of Dec. 2025. 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?

Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued. The current stock price of 円1,476.00 is trading 65.9% above its estimated GF Value™ of 円889.63. GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9539:

  • E10: 円0.00
  • GF Value™: 円889.63 vs. price of 円1,476.00 (65.9% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keiyo Gas Co Business Description

Address 2-8-8 Minami Ichikawa, Chiba Prefecture, Ichikawa, JPN, 272-8580
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
66GF Score

Get the complete analysis for TSE:9539

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

円1,476.00
Price
円889.63
GF Value